The global ”anti-infective drugs market” size is projected to exhibit substantial growth due to the rising prevalence ofinfectious diseases, observes Fortune Business Insights™ in an upcoming report, titled, “Anti-infective Drugs Market Size, Share & Industry Analysis, By Drug Type (Antibiotics, Antivirals, Antifungals, Others), By Indication (HIV, Pneumonia, Respiratory Infections, Tuberculosis), By Route Of Administration (Oral, Topical, Parenteral), By Distribution Channel (Hospital Pharmacies, Retail Pharmacies, Others) and Regional Forecast 2020-2027.” The anti-infective drugs help in fighting the infection causing agents such as fungi, virus, bacteria, and parasites. Growing awareness among individuals regarding various infectious diseases is expected to increase the demand for these drugs.
The COVID-19 pandemic has brought along a widespread awareness regarding the challenges of infectious diseases. Several countries across the globe have found themselves lacking the health structure to fight the virus, highlighting their shortcomings in fluorescent yellow. The panic regarding the same is rushing the global healthcare industry to work on the development of anti-infection drugs and the rush has resulted in several challenges. At Fortune Business Insights, we are working on analyzing the market conditions to find the solutions of such adversities.
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Enhanced Research to Help Key Players Improve Effectiveness of Drugs
Prominent players operating in the global anti-infective drugs market are focusing on enhancing their research capabilities by collaborating with other players in the industry. This will help them improve the effectiveness of these drugs. For instance, in December 2015, Evotec AG and Spero Therapeutics announced the extension of their collaboration for the development of novel antibacterial drugs.
Drivers & Restraints-
Extensive Research for the Development of Anti-infective Drugs to Drive Growth
Rising concerns regarding the prevalence of infectious diseases are expected to drive the growth of the global anti-infective drugs market. For instance, according to the World Health Organization (WHO), globally, infectious diseases are responsible for the deaths of 17 million people every year. In addition, extensive research and development related to the development of new anti-infective drugs is setto further enhance growth. However, the high cost associated with these drugs is likelyto retrain expansion.
High Purchasing Power of Patients in the Region to Aid North America Dominate
North America is estimated to dominate the global anti-infective drugs market. Better health facilities to develop effective drugs and the high purchasing power of patients in the region are expected to drive the demand. For instance, according to a research published by MatejMikulic in August 2020, the U.S. spent nearly USD 511 billion in medicines in 2019.
The market in Europe is anticipated to showcase robust growth in the upcoming years. Increasing awareness regarding infectious diseases and the rising geriatric population are projectedto drive the demand for anti-infective drugs in the region.
- In October 2019, Cipla acquired Elores, a novel and patented anti-infective drug, from Venus Remedies Ltd.
- In October 2018, Novartis AG entered into a licensing and equity agreement with Boston Pharmaceuticals for the development of three novel anti-infective drug candidates for the treatment of antibiotic resistant gram-negative infections.
A List of Key Manufacturers Operating In the Global Anti-infective Drugs Market Report:
- Pfizer Inc.
- Merck and Co., Ltd.
- Brystol Myers Squibb Company
- Novartis AG
- Johnson and Johnson Services Inc.
- Gilead Sciences, Inc.
- Astellas Pharma Inc.
- GlaxoSmithKline plc
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What are the key segments in the market?
Global Anti-infective drugs market Segmentation :
By Drug Type
- Respiratory Infections
By Route Of Administration
By Distribution Channel
- Hospital Pharmacies
- Retail Pharmacies
- North America (USA, Canada)
- Europe (UK, Germany, France, Italy, Spain, Scandinavia, and Rest of Europe)
- Asia Pacific (Japan, China, India, Australia, Southeast Asia, and Rest of Asia Pacific)
- Latin America (Brazil, Mexico, Rest of Latin America)
- Middle East & Africa (South Africa, GCC, and Rest of the Middle East & Africa)
With tables and figures helping analyse worldwide Global Anti-infective drugs Market Forecast provides key statistics on the state of the industry and is a valuable source of guidance and direction for companies and individuals interested in the market.
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