Cephalosporin Drugs Market Overview:
Cephalosporin drugs are considered broad-spectrum antibiotics with activities similar to ampicillin and are often considered an alternative to penicillin. These drugs are used to treat infections in different parts of the body, such as the lungs, ears, sinuses, nose, throat, and skin. Doctors also prescribe these drugs to treat pneumonia, staphylococcal infections, bronchitis, strep throat, tonsillitis, and gonorrhea. Cephalosporin drugs can be classified into five classes or generations according to antimicrobial activity.
The global cephalosporin drugs market is expected to register a CAGR of around 3.5% during the forecast period, 2018 to 2023
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Cephalosporin Drugs Market Drivers and restraints:
It is expected that the world market for cephalosporin drugs will grow significantly due to the growing demand for antimicrobials in various indications, more research and development, greater patient awareness, higher prevalence of infectious diseases and the special regulatory designation of the pipe molecule. In addition, low investment in R & D, strict government policies and the generic saturation of these drugs drive market growth. Also, the increasing number of mergers and acquisitions, the use of combination therapies for therapeutic purposes and the development of safe and highly effective cephalosporin drugs are other factors that may contribute to the growth of the drug market. However, the weakness of the development of molecules, the development of drug resistance and the government’s resistance to the development of medicines are challenges in the world market for cephalosporin medicines.
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Geographical segmentation of Cephalosporin Drugs Market:
Geographically, the global market has been segmented in North America, Europe, Latin America, Asia-Pacific, and Middle East and Africa. Each region is subdivided into countries such as the United States, Canada, Germany, the United Kingdom, Brazil, China, India, Japan and the GCC countries. The Asia-Pacific region dominated the world market for cephalosporin medicines due to the growing awareness of these medicines, the growing demand for highly developed healthcare infrastructure and the high number of people infected. North America is considered the most attractive market due to the increasing prevalence of infectious diseases.
Some of the Key Players Covered in this Report are:
The leading players in the market are Eli Lilly and Company, Lupin Limited, Sanofi, Allergan, GlaxoSmithKline, Merck & Co, Pfizer, Teva Pharmaceutical Industries, Roche Holding AG and Bristol-Myers Squibb. The market is extensively competitive with leading players investing in R&D activities, mergers and acquisitions.
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