Penicillin Market Report

Market Insights

The Global 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.

Figure: Global Penicillin Market Size, 2020-2026 (USD Billion)

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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’s including streptococcus pneumonia, Neisseria gonorrhoea, clostridium, listeria, peptococcus, and peptostreptococcus.

Key Players

Key players operating in the global 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 global penicillin market is primarily driven by an increasing number of people suffering from infectious diseases such as pneumonia, syphilis, and gonorrhoea.

• Growing emphasis on organizing awareness campaigns by both private companies and 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.

Segment Analysis

Distribution Channel Trends

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 Trends

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.

COVID-19 Impact on Global Penicillin Market

The outbreak of coronavirus led to 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.

Critical Questions Answered in the Report

• What are the key trends in the global penicillin 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 penicillin market?
• What are the key strategies adopted by the major vendors to lead in the global penicillin market?
• What is the market share of the top vendors?

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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

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