Penicillin Market Growth Analysis | 2021-2026

Market Insights

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.

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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.

COVID-19 Impact on Global Penicillin Market

The outbreak of coronavirus led to the enforcement of lockdown and social distancing norms to curb the spread of the virus. This resulted in limited medical procedures at hospitals, which in turn affected the growth of the antibiotics market negatively for a short period. Also, the consumption of antibiotics in covid-19 patients was less.

Key Players

Key players operating in the penicillin market are-

• 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).

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.

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Segment Analysis

Distribution Channel Type

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.

Regional Insights

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.

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Critical Questions Answered in the Report

• What are the key trends in the global market?
• How the market (and its various sub-segments) has grown in the last five years and what would be the growth rate in the next five years?
• What is the impact of COVID-19 on the global market?
• What are the key strategies adopted by the major vendors to lead in the global market?
• What is the market share of the top vendors?

Market Segmentation

This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision-making and growth strategy formulation based on the opportunities present in the market.

The market is segmented into the following categories.

By Drug Class Type

• Natural Penicillin
• Aminopenicillin
• Beta-lactamase Inhibitors
• Penicillinase-Resistant Penicillin
• Anti-Pseudomonal Penicillin

By Route of Administration Type

• Oral
• Intravenous
• Intramuscular

By Application Type

• Urinary Tract Infections
• Sexually Transmitted Diseases
• Meningitis
• Respiratory Tract Infections
• Skin Infections
• Others

By Distribution Channel Type

• Hospital Pharmacies
• Retail Pharmacies
• Online Pharmacies

By Region

• North America (Country Analysis: the USA, Canada, and Mexico)
• Europe (Country Analysis: Germany, France, the UK, Russia, Spain, and the Rest of Europe)
• Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and the Rest of Asia-Pacific)
• Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

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Target Audience

The following is a list of the customers that the penicillin market aims to convert the most:

• Penicillin manufacturers
• Penicillin suppliers
• Penicillin distributors
• Organizations
• Government bodies

Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@stratviewresearch.com.

Research Methodology

This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools.

More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles have been leveraged to gather the data.

We conducted more than 10 detailed primary interviews with companies across the value chain in all four regions and with industry experts to obtain both qualitative and quantitative insights.

Report Features

This report provides intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the dynamics and will enable strategic decision-making for the existing players as well as those willing to enter the market.

What Deliverables Will You Get in this Report?

Report Customization Options

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to 3 players)
• SWOT analysis of key players (up to 3 players)

Market Segmentation

• Current market segmentation of any one of the drug class types by distribution channel type.

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances.

Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@stratviewresearch.com.