According to FutureWise analysis the market for antibacterial drugs in 2023 is US$ 49.63 billion, and is expected to reach US$ 62 billion by 2031 at a CAGR of 2.8%.
An antibacterial drug, also referred as antibiotic, is a chemical substance that is either derived from a biological source or synthesized chemically. They may inhibit or destroy the growth of bacteria. Some antibiotics possess a limited number of antiprotozoal activity. Antibiotics are ineffective against viruses such as influenza or common cold and can be harmful when taken inappropriately. Antibiotics transformed medicine in the 20th century and have, alongside vaccination, led to nearly eliminating diseases such as tuberculosis in developed countries. However, the widespread availability and effectiveness of antibiotics led to their overuse, particularly in livestock farming. This overuse has prompted the development of antibiotic-resistant bacteria, contributing to a global crisis in antimicrobial and antibiotic resistance.
Penicillin is the first antibiotic discovered, which belongs to one of several antibacterial agents called β-lactams. This group of compounds includes penicillins, cephalosporins, monobactam, and carbapenems and is characterized by a β-lactam ring within the drug molecule's central structure. The β-lactam antibacteria block the cross-linking of peptide chains during the synthesis of new peptidoglycan in the bacterial cell wall. They can top this process because the β-lactam structure is similar to the design of the peptidoglycan subunit component recognized by the crosslinking transpeptidase enzyme, also referred to as a penicillin-binding protein (PBP).
FutureWise Market Research has published a report that provides an insightful analysis antibacterial drugs market trends that are affecting the overall market growth. This report will provide a detailed analysis of market share, regional insights, and competitor analysis that includes stature of key manufacturers operational in this industry. According to the analysis conducted by FutureWise research analysts, antibacterial drugs market is estimated to register a considerable growth rate over the forecast period. This report lists the market segments and potential prospects available across this industry, in addition providing crucial information on the total valuation currently held by the industry. Moreover, this report will assist key management individuals in an organisation to enhance their decisions pertaining to business expansion as well as strategic changes for increasing customer base.