Market Insights

According to analysts, the Penicillin Market is expected to grow from USD xx billion in 2020 to USD xx billion by 2026 at a CAGR of over x% during the forecast period.

What is Penicillin?

Penicillin is an antibiotic derived from the fungal mold Penicillium notatum. It is used to treat infection from various bacteria including streptococcus pneumonia, Neisseria gonorrhoea, clostridium, listeria, peptococcus, and peptostreptococcus.

Market Dynamics

The growth of the penicillin market is primarily driven by an increasing number of people suffering from infectious diseases such as pneumonia, syphilis, and gonorrhea.

• Growing emphasis on organizing awareness campaigns by both private companies and the government to control bacterial infectious diseases is likely to add to the market growth substantially.
• An adverse side effect associated with consuming antibiotics such as allergic reactions, hypersensitivity reactions, anaphylaxis, and rashes among others is likely to hamper the market growth during the review period.

Segments Analysis

Based on distribution channels, the penicillin market has been categorized into hospital pharmacies, retail pharmacies, and online pharmacies.

• The hospital pharmacies segment accounted for the largest market share in 2020 as most of the consumers prefer to buy medicines from the pharmacies available in hospitals.
• The online pharmacies segment is expected to register a healthy growth rate during the review period.

Geographically, the market in North America accounted for the largest market share in 2020 owing to the increasing prevalence of urinary tract infections and sexually transmitted diseases among consumers. Additionally, increased spending on R&D activities to develop advanced solutions is likely to propel market growth at a significant rate in the region.

The list of Key Players in the report are -

The market for Penicillin is gradually consolidating with major companies that are performing mergers & acquisitions to quickly gain the leading position and to tap the growing opportunities in this briskly expanding market. Some of the major key players in the Penicillin Market are listed below.

• Pfizer, Inc (The U.S),
• Sanofi S.A. (France),
• Toyama Chemical Co., Ltd. (Japan),
• Novartis International AG (Switzerland),
• GlaxoSmithKline plc (UK),
• Merck & Co., Inc. (The U.S),
• Astellas Pharma Inc. (Japan),
• Johnson & Johnson (The U.S),
• Bayer AG (Germany),
• Abbott Laboratories (The U.S), and
• F. Hoffmann-La Roche AG (Switzerland).

Report Features -

This market report includes the following features –

-        Market structure: Overview, industry life cycle analysis, supply chain analysis.

-        Market environment analysis: Growth drivers and constraints.

-        Market trend and forecast analysis.

-        Competitive landscape and dynamics: Market share, Product portfolio, New Product Launches, M&As etc.

-        Attractive market segments and associated growth opportunities.

-        Emerging trends.

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