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Showing posts with the label Antibiotic Market Analysis

Impact Assessment of COVID-19 Outbreak on Antibiotic Market

Antibiotics are a group of medicines used in the treatment of infections caused by germs-bacteria and certain parasites-by inhibiting the growth of microorganisms or killing them. Antibiotics are also known as antibacterials or antimicrobials. Since the discovery of the antibiotic penicillin in 1920, various antibiotic compounds have been used to treat several bacterial infections. Increase in incidence of chronic and infectious diseases across the globe and efficacy of antibiotics to treat a wide spectrum of bacterial infections have led to the rapid growth of the global antibiotics market. The global antibiotics market is driven by the development of novel approaches for new antibiotics for treating bacterial infections and a large number of clinical trials. Additionally, increase in incidence of infectious diseases such as HIV/AIDS, pneumonia, malaria, and tuberculosis, and the current gap in the demand and supply of antibiotics are the other factors propelling the market. Subst...