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Saudi Arabia Antibiotics Market By Drug Class, By Spectrum, By Source and Forecast 2027
20-Sep-2022 | Navi Mumbai | News-Press Release
Market Reports on Saudi Arabia Provides the Trending Market Research Report on "Saudi Arabia Antibiotics Market By Drug Class (Cephalosporin, Penicillin, Amoxicillin, Azithromycin, Clindamycin, Tetracycline, Others), By Spectrum (Broad Spectrum Antibiotics v/s Narrow Spectrum Antibiotics), By Source (Natural, Semisynthetic, Synthetic), By Route of Administration (Oral v/s Intravenous), By Distribution Channel (Hospital Pharmacy, Retail Pharmacy, Online Pharmacy), By Region, Competition Forecast & Opportunities, 2027" under Life Sciences Market Research Reports category. The Antibiotics Market Database in Saudi Arabia is projected to exhibit highest growth rate over report offers a collection of superior market research, market analysis, and competitive intelligence and industry reports.
Saudi Arabia Antibiotics Market is projected to grow at a steady CAGR during the forecast period, 2023-2027. The market growth can be attributed to the rising incidences of infectious disease and the rapidly growing pharmaceutical industry. Besides, a surge in demand for antibiotics to counter the expanding number of infectious disorders is expected to boost the market growth during the forecast period.
Antibiotics are therapeutic substances with the capacity to either kill or impair the life cycles of the bacteria responsible for diseases and disorders. They cannot counteract viral infections like cold, flu, etc., since viruses, unlike bacteria, do not have cell walls that can be broken to kill the infection. Furthermore, viruses employ human cells to finish their replication process, eliminating viruses to cause serious harm to human cells. Antibodies are consequently used to treat bacterial infections.
In recent years, the healthcare business has experienced remarkable growth. The pharmaceutical industry is continuing to grow due to rising investments, drug discovery, and an increase in disease incidence. The pharmaceutical sector in Saudi Arabia generated USD 8.35 billion in revenue in 2019 and USD 10.19 billion in 2020.
Additionally, government spending on healthcare development is aggressively promoting market expansion. The Saudi Arabia antibiotics industry is expected to expand over the next five years owing to advantageous programs, quick pharmaceutical approvals, and a wide distribution network. Investments made by private companies and global market participants in the development of new medications and the efficiency of their distribution networks are also helping to expand the market by increasing sales of antibiotics Rapidly rising incidences of infectious disorders such as skin infections, lung infections, urinary tract infections, septicemia, etc., are also boosting the growth of the Saudi Arabia antibiotics market during the next five years. Besides, increasing research and technological advancement have further led the market growth. The government, along with a number of industry participants, are jointly funding and supporting the development of innovative medical products.
The Saudi Arabia antibiotics market is segmented on the basis of drug class, spectrum, source, route of administration, distribution channel, competitional landscape, and regional distribution. Based on drug class, the market is bifurcated into cephalosporin, penicillin, amoxicillin, azithromycin, clindamycin, tetracycline, and others. Penicillin is anticipated to hold the largest share in the market during the forecast period, owing to the rising incidences of bacterial functions and the advantages of Penicillin over bacterial infections. Based on the spectrum, the market is divided into broad spectrum antibiotics and narrow spectrum antibiotics. The broad spectrum antibiotics are expected to register the highest growth, owing to their ability to affect a wide range of bacterial infections.
Major players operating in the Saudi Arabia antibiotics market are Novartis Saudi Arabia, Pfizer Saudi Limited, Glenmark Pharmaceuticals Saudi Arabia, GlaxoSmithKline Saudi Arabia Limited, AstraZeneca Saudi Arabia, among others.
Years considered for this report:
Historical Years: 2017-2020
Base Year: 2021
Estimated Year: 2022
Forecast Period: 2023-2027
Objective of the Study:
•To analyze the historical growth in the market size of the Saudi Arabia antibiotics market from 2017 to 2021.
•To estimate and forecast the market size of Saudi Arabia antibiotics market from 2022 to 2027 and growth rate until 2027.
•To classify and forecast the Saudi Arabia antibiotics market based on drug class, spectrum, source, route of administration, distribution channel, region, and company.
•To identify the dominant region or segment in the Saudi Arabia antibiotics market.
•To identify drivers and challenges for the Saudi Arabia antibiotics market.
•To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in the Saudi Arabia antibiotics market.
•To identify and analyze the profiles of leading players operating in the Saudi Arabia antibiotics market.
•To identify key sustainable strategies adopted by market players in Saudi Arabia antibiotics market.
Key Target Audience:
•Market research and consulting firms
•Government bodies such as regulating authorities and policy makers
•Organizations, forums, and alliances
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as product manufacturers, suppliers and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.
In this report, Saudi Arabia antibiotics market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
•Saudi Arabia Antibiotics Market, By Drug Class:
•Saudi Arabia Antibiotics Market, By Spectrum:
Broad Spectrum Antibiotics
Narrow Spectrum Antibiotics
•Saudi Arabia Antibiotics Market, By Source:
•Saudi Arabia Antibiotics Market, By Route of Administration:
•Saudi Arabia Antibiotics Market, By Distribution Channel:
•Saudi Arabia Antibiotics Market, By Region:
Northern & Central Region
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