Beta-lactam & Beta-lactamase Inhibitor Market to Grow at 1.9% CAGR by 2030
The widespread infectious diseases coupled with the growth in consumption of inhibitor drugs among the population promotes the growth of the Beta-lactam and Beta-lactamase inhibitor market.
The Beta-lactam and Beta-lactamase Inhibitor market is expected to grow at a CAGR of 1.9% from 2020-2030, according to a new research report by Next Move Strategy Consulting.
Beta-lactam inhibitors fall under a drug class of antibiotic agents that help fight against bacterial infections and protozoa infections. Beta-lactam inhibitors either kill the bacteria directly or restrict it from multiplying. Beta-lactamase Inhibitors fall under a class of drugs that restrict the activity of beta-lactamase enzymes and limit the degradation of beta-lactam. Some examples of beta-lactam inhibitors are penicillin, cephalosporin etc.
According to the report, the rise in consumption of such beta-lactam and beta-lactamase inhibitors combined with the widespread presence of infectious diseases are among the major factors that promote the growth of the Beta-lactam and Beta-lactamase Inhibitor market.
Based on drug class, the beta-lactam and beta-lactamase inhibitor market share is segmented into penicillin, cephalosporin, carbapanem, monobactam, and combination. Combination is sub segmented into penicillin/beta lactamase inhibitor, cephalosporin/beta lactamase inhibitor and carbapenem/beta lactamase inhibitor.
Based on disease, the beta-lactam and beta-lactamase inhibitor market is categorised into urinary tract infection, respiratory infection, complicated urinary tract infection, complicated intra-abdominal infection and nosocomial pneumonia. Nosocomial pneumonia is sub segmented into hospital acquired pneumonia, ventilator associated pneumonia, and other nosocomial pneumonia. Based on route of administration, the beta-lactam and beta-lactamase inhibitor market is segmented into oral, intravenous and other routes. In terms of Geography, the market is categorized into North America, Europe, Asia Pacific and rest of the world.
At present, the North America region holds the highest market size & share in the Beta-Lactam and Beta-lactamase Inhibitor market because of developed health infrastructure and technology. Due to the growth in consumption of beta-lactam and beta-lactamase inhibitors in the Asia Pacific region, this region is predicted to show rapid market growth.
According to the report, some the key players in the market are Allergan Plc., Abbott Laboratories, GlaxoSmithKline plc, F. Hoffmann-La Roche Ltd., Mylan N.V., Merck & Co. Inc., Pfizer Inc., Novartis International AG (Sandoz), Teva Pharmaceutical Industries Ltd., Sanofi and more.
Key Insights from the Beta-lactam and Beta-lactamase Inhibitors Market Report:
- Current emerging trends and opportunities are extensively analysed in the Beta-Lactam and Beta-lactamase Inhibitor market report.
- The forecast of the Beta-Lactam and Beta-lactamase Inhibitor market comes along with additional information associated with opportunities, restrains and key drivers in the market.
The report Beta-Lactam and Beta-lactamase Inhibitor market – segmented by drug class, disease, route of administration and geography.
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