Antibiotics Market to Reach $50.37 Bn, Globally, by 2025 at 2.1% CAGR, Says Allied Market Research
Retrieved on:
Tuesday, October 30, 2018
The report provides detailed analyses of the top winning strategies, driving forces & opportunities, key market segments, competitive landscape, and strategic developments.
Key Points:
- The report provides detailed analyses of the top winning strategies, driving forces & opportunities, key market segments, competitive landscape, and strategic developments.
- As per the report, the global antibiotics market generated $42.33 billion in 2017 and is expected to reach $50.37 billion by 2025, registering a CAGR of 2.1% from 2018 to 2025.
- However, development of antibiotic resistance and rise in drug approval costs hinder the market growth.
- The beta lactam and beta lactamase inhibitors segment contributed nearly two-thirds of the total market share in 2017 and is expected to maintain its dominance by 2025.