Overview and Scope
Aminoglycoside is a class of antibiotics that inhibits protein synthesis. These are used in the treatment of aerobic gram-negative bacilli infections of the abdomen and urinary tract, as well as bacteremia and endocarditis
Sizing and Forecast
The aminoglycosides market size has grown strongly in recent years. It will grow from $1.77 billion in 2023 to $1.86 billion in 2024 at a compound annual growth rate (CAGR) of 5.1%. The growth in the historic period can be attributed to antibiotic discovery and development, advancements in medicinal chemistry, clinical effectiveness in treating gram-negative infections, broad-spectrum antibacterial activity, hospital-acquired infection control, global population growth, post-surgery infection prevention, research and development investments.
The aminoglycosides market size is expected to see strong growth in the next few years. It will grow to $2.32 billion in 2028 at a compound annual growth rate (CAGR) of 5.6%. The growth in the forecast period can be attributed to advancements in antibiotic stewardship, personalized medicine approaches, innovations in drug delivery, global spread of antibiotic-resistant strains, increasing focus on rare diseases, expanding applications in dermatology, patient education on antibiotic use. Major trends in the forecast period include biotechnological innovations, combination therapies, technological advancements in production, price competition.
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Segmentation & Regional Insights
The aminoglycosides market covered in this report is segmented –
1) By Product: Neomycin, Tobramycin, Gentamicin, Amikacin, Paromomycin, Streptomycin, Kanamycin, Other Products
2) By Route Of Administration: Injectables (Parenteral), Feed, Intra-Mammary, Topical, Oral
3) By Application: Veterinary, Skin Infection, Respiratory Diseases, UTI And Pelvic Diseases, Other Diseases
Asia-Pacific was the largest region in the aminoglycosides market in 2023. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the aminoglycosides market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
The rising incidences of animal disease outbreak is a major driver expected to propel the growth of the aminoglycosides market going forward. Animal disease is an impairment of the normal state of an animal that interrupts or modifies its vital functions. Aminoglycosides such as amikacin and gentamicin are the most commonly used in veterinary medicine. For instance, in July 2022, an anthrax outbreak, a disease of humans and other mammals is reported and monitored in the remote areas of the largest national park in Canada– Wood Buffalo National Park. Therefore, the rising incidences of animal disease outbreaks will continue to drive the aminoglycosides market.
Key Industry Players
Major companies operating in the aminoglycosides market report are Kremoint Pharma Pvt. Ltd., Vega Pharma Ltd., Jiangxi Bolai Pharmacy Co. Ltd., Xian Wison Biological Technology Co. Ltd., Hangzhou Uniwise International Co. Ltd., HuvePharma Inc., Yi Chang Veterinary Medicine Factory, Medson Pharmaceuticals, Medico Remedies Pvt. Ltd., Cipla Limited, Pfizer Inc., Allergan Plc, Teva Pharmaceutical Industries Ltd., Zoetis Inc., Taiwan Fructose Sdn. Bhd., Novartis AG, Johnson & Johnson Inc., Bristol Myers Squibb Company, Sandoz International GmbH, Sun Pharmaceutical Industries Ltd., Zydus Lifescience limited, Lupin Limited, Aurobindo Pharma Limited, Fresenius Kabi AG, Aspen Pharmacare Holdings Limited, Mylan N.V., Sanofi SA, Wyeth Pharmaceuticals Inc., Zhejiang Hisun Pharmaceutical Co. Ltd., GlaxoSmithKline plc
The aminoglycosides market report table of contents includes:
- Executive Summary
- Aminoglycosides Market Characteristics
- Aminoglycosides Market Trends And Strategies
- Aminoglycosides Market – Macro Economic Scenario
- Global Aminoglycosides Market Size and Growth
- Aminoglycosides Market Segmentation
- Aminoglycosides Market Regional And Country Analysis
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- Key Mergers And Acquisitions In The Aminoglycosides Market
- Aminoglycosides Market Future Outlook and Potential Analysis
- Appendix
List Of Tables:
Table 1: Global Historic Market Growth, 2018-2023, $ Billion
Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion
Table 3: Global Aminoglycosides Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 4: Global Aminoglycosides Market, Segmentation By Route Of Administration, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 5: Global Aminoglycosides Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
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Table 74: Kremoint Pharma Pvt. Ltd. Financial Performance
Table 75: Vega Pharma Ltd. Financial Performance
Table 76: Jiangxi Bolai Pharmacy Co. Ltd. Financial Performance
Table 77: Xian Wison Biological Technology Co. Ltd. Financial Performance
Table 78: Hangzhou Uniwise International Co. Ltd. Financial Performance
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