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Global Amoxicillin Market was Valued at US$ 4.4 Bn in 2019 and it is Expected to Reach More than US$ 5.1 Bn by 2028, Likely to Grow with the CAGR of 1.5% During the Forecast Period.
Amoxicillin is an antibiotic is a generic category of drug which specifically treats bacterial infections. Amoxicillin comes under the Penicillin category of antibiotics, under the class of Beta-Lactam and Amino Penicillin. It is a widely prescribed and used antibiotics, generally given with the combination of Clavulanic Acid. Amoxicillin is used in treating bacterial infections such as respiratory tract infections, middle ear infections, pneumonia, urinary tract infections (UTI), skin infections, and dental infections.
Rise In Prevalence of Infectious Diseases and Growing Awareness of Various Diseases and Their Treatment Is Anticipated To Drive the Demand For Amoxicillin
The increasing prevalence of bacterial infections in low-income countries, developing countries, and other parts of the world will be the most significant factor in driving the growth of this market. The rise in awareness regarding various infectious diseases and their treatment is propelling the growth of the global Amoxicillin market. Special regulatory provisions and higher efficacy of Amoxicillin toward urinary tract infections and upper and lower respiratory infections are the other key factors driving the global Amoxicillin market. Also, the increasing research and applications of combination drugs with this medication will fasten the progress of the market. Furthermore, these medicines are safe to be taken together with birth control pills.
However, growing antibiotic resistance and the slow registration process of national regulatory authorities and the possible side effects of amoxicillin may hamper the growth of the global Amoxicillin market to some extent during the forecast period.
The Tablet Segment is Expected to Dominate The Amoxicillin Market During the Forecast Period
On the basis of form, the tablet segment dominates the Amoxicillin market, accounted for over XX% of the global revenue share of the Amoxicillin market in 2019. And expected to reach US$ 1.5 billion by the year 2028. The low cost of the tablet as compared to that of the other oral dosage forms, storage convenience as tablet form does not require refrigeration are the driving factors for the segment growth.
The Online Pharmacies Segment is Expected to Witness Highest Growth in the Global Amoxicillin Market across the Globe
On the basis of the distribution channels, the online pharmacies segment projected to grow at the highest rate with a CAGR of 1.9% in the Amoxicillin market during the forecast period. While retail pharmacies held a major share of the market due to their easy access and wide availability across regions.
The North America Is Expected to Dominate the Amoxicillin Market During the Forecast Period
The North American regional market accounted for the largest share of over 32% of the global revenue share of the Amoxicillin market in 2019 and this trend is expected to continue over the forecast period. Its dominance can be attributed to the increase in investments in R&D activities due to the high prevalence of infectious diseases. Also, the development of other forms of medications and the presence of major players in the region further drive the market growth.
The Asia-Pacific Region Is Projected to Register a Highest Growth In The Amoxicillin Market during the Forecast Period
The Asia Pacific accounted for over XX% of global revenue share in 2019 and is expected to be the fastest-growing region at a CAGR of over XX% during the forecast period. Owing to increased technological advances and rising prevalence of the infectious disease. Also, increased investment by the pharmaceutical companies is expected to increase the industry demand.
The global Amoxicillin market is fragmented among the number of local and global players. Some of the key players operating in the global Amoxicillin market are JAMP Pharma Corporation, Novartis, Dr. Reddy's Laboratories, Sun Pharmaceuticals, Proficient Rx LP., Sanis Health Inc, Nucare Pharmaceuticals, Inc., Northwind Pharmaceuticals, A-S Medication Solutions, SPC Pharmaceutical Group Limited, GlaxoSmithKline plc, Sandoz AG, Teva Pharmaceuticals USA, Inc., United Laboratories, and DAEWOONG CO.LTD.
Amoxicillin Market Key Segments:
Amoxicillin Market, By Form
Amoxicillin Market, By Infections
- Skin Infections
- ENT (Ear, Nose & Throat) Infections
- Stomach Infections
- Lungs Infections
- Urinary tract infections (UTI)
Amoxicillin Market, By Distribution Channel
- Hospitals Pharmacies
- Retail Pharmacies
- Online Pharmacies
Amoxicillin Market, By Region
- North America
- Asia Pacific
- Middle east and Africa
- Latin America