Press release
Global Bug Resistant Medicines Market to Record Rise in Incremental Opportunity During the Forecast Period-2018 - 2028
As per the Centers for Disease Control and Prevention (CDC), drug-resistant infections reported for around 2 million infections with antimicrobial-resistant bacteria that leads to approximately 23,000 deaths in the United States of America annually. Increasing the prevalence of chronic diseases across the globe drives the Bug-resistant medicines market. Manufacturers are focusing on the research and development of such type of drugs which helps the patient to recover at the earliest. These bugs can spread mostly from patients in hospitals. Some of the applications that bug-resistant medicines offers include oncology, immunology, neurology, cardiology, respiratory, infectious diseases and others. Other factors such as the increased burden of genetic diseases such as diabetes among others are expected to boost the growth of the bug-resistant medicines market. The mutation occurs in the microbial strains causes its behavior negative to these medicines.
Generally, the global Bug-Resistant Medicines market can be segmented on the basis of Drugs, distribution channel & regions.
On the basis of Drugs, the Bug-Resistant Medicines market is segmented as:
Antiviral
Antifungal
Antibacterial
Others
On the basis of distribution channel, the Bug-Resistant Medicines market is segmented as:
Hospitals
Clinics
Ambulatory Care Center
Others
The global Bug-Resistant Medicines market is expected to grow with a moderately increasing CAGR due to the increasing adoption and demand for Bug-Resistant Medicines. Based on the Drugs, it is observed that Antibacterial is done at most of the cases. It is analyzed that, On the basis of end users, hospital segment will hold the maximum market revenue share in the global Bug-Resistant Medicines market over the forecast period. One of the most common uses of Bug-Resistant Medicines is to control the effect of bugs i.e. infection
On the basis of geography, the global Bug-Resistant Medicines market is segmented into six key regions viz. North America, Latin America, Europe, the Asia Pacific excluding China, China, and the Middle East & Africa. The North America Bug-Resistant Medicines market is expected to contribute maximum market share in the global Bug-Resistant Medicines market which is followed by Europe Bug-Resistant Medicines market. The Asia Pacific Bug-Resistant Medicines market is expected to grow with a maximum CAGR over the forecast period due to less awareness among the people while the Latin America Bug-Resistant Medicines market and the Middle East and Africa concerned market is expected to show steady growth rate over the forecast period. It is estimated that the Middle East and Africa concerned market is to be dominated by South Africa.
Some of the key players present in the global concerned market are F. Hoffmann-La Roche Ltd, Sanofi, Novartis International AG, Pfizer Inc. AbbVie Inc. Gilead, Amgen Inc., GlaxoSmithKline plc. Johnson & Johnson Services, Inc. among others.
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