Global Amoxicillin Sodium Market is Projected to Reach USD 905.2 Million by 2027, Growing at a CAGR of 4.9% During 2021-2027
Published | 21 January 2021
According to BlueWeave Consulting, the global amoxicillin sodium market is estimated to reach USD 679.1 million by 2020 and is further projected to reach USD 905.2 million by 2027, growing at a CAGR of 4.9% during 2021-2027 (forecast period). Amoxicillin is defined as an antibiotic, that belongs to the class of penicillin. Amoxicillin sodium is highly effective against various bacteria like Streptococcus, Staphylococcus, H. influenzae, N. gonorrhea, E. coli, Pneumococci, and many others. Amoxicillin is a common bactericidal drug, and it does not directly kill the bacteria, instead completely stops the bacteria from multiplying. Amoxicillin also acts by inhibiting bacterial cell wall synthesis. This cell wall is necessary to protect the bacteria from the external environment and keeps the bacteria safe. It is also impossible for the bacteria to survive without a cell wall.
Growing Bacterial Infections is expected to drive the Amoxicillin Sodium market
The growing bacterial infections across the globe is the major driving factor for the global amoxicillin market. Bacterial growth is the proliferation of bacterium into two daughter cells, in a process called binary fission. Though, providing no event occurs, the resulting daughter cells are genetically identical to the original cell. Bacteria can grow in hotter and colder temperatures than humans, but they do best in a warm, moist, protein-rich environment that is pH neutral or low acid. Furthermore, microbes can also cause acute infections, which are short-lived. Chronic infections, that can last for weeks, months, or a lifetime. This is also known as latent infections, which may not cause symptoms at first but can reactivate over a period of months and years.
Side effects associated with amoxicillin Sodium is hampering the market growth
The side effects associated with the use of amoxicillin sodium can act as the biggest restraint factor for market growth. The side effects associated with amoxicillin sodium include abdominal or stomach cramps, tenderness, back, leg, stomach pains, black, tarry stools., bloating, blood in the urine, bloody nose, diarrhea, watery, and severe, which may also be bloody. Hyperkinesia, dizziness, and convulsions Signs of central nervous system toxicity; generally associated with large intravenous doses of amoxicillin and even impaired renal function are the most common side effects of amoxicillin sodium. Headaches are a common side effect of taking amoxicillin, and while less serious, are a frequent occurrence.
Injection route of administration Segment occupy the largest share of the Amoxicillin Sodium market
Based on the route of administration, the Amoxicillin sodium market is segmented into the capsule, tablet, and Injection. The Injection segment is likely to dominate in the market followed by capsules. The most preferable route is by intravenous for the administration of amoxicillin sodium. While the intramuscular administration should only be considered when the intravenous route is not possible and less appropriate for the patient. Amoxicillin may be administered either by slow intravenous injection over a period of 3 to 4 minutes directly into a vein or via a drip tube or by infusion over 20 to 30 minutes. This antibiotic is used to treat some infections in different parts of the body caused by bacteria.
Global Amoxicillin Sodium Market: Regional insights
North America catering the largest share and expected to witness significant growth in the Amoxicillin Sodium market during the forecast period. The high industry growth rate, with the emergence of new technology, is the major reason. The key providers are continuously upgrading their offerings to differentiate them from other competitors. This is achieved by various organic and inorganic strategies. Suppliers operating in the industry are continuously working on new development, technical expertise, and in-house capabilities. High opportunity makes the Amoxicillin Sodium market more competitive and suppliers are trying hard to capture the clients. The market is highly acceptable to innovative products, however, considering the risks involved in business continuity implementers are still considering brand over new offerings in the market.
Global Amoxicillin Sodium Market: Competitive Landscape
The leading players for the global Amoxicillin Sodium product market include, GlaxoSmithKline, Pfizer PLC, Bayer AG, Novartis AG, and Abbott Inc., Toku-e, Abcam, Alfa Aesar, Tul, Hayao, Cspc, Eli Lilly And Company, Merck, CSPC, and others, are expanding their presence in the market by implementing various business strategies. Major players are engaged in mergers and acquisitions, expansion of their manufacturing facilities, infrastructural growth, investment in R&D facilities, and the quest for opportunities to expand vertically through the value chain.
The in-depth analysis of the report provides information about growth potential, upcoming trends, and statistics of global Amoxicillin Sodium market size & forecast. The report promises to provide recent technology trends of the Amoxicillin Sodium market and industry insights that help decision-makers to make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.
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- Global Amoxicillin Sodium Market, By Route of Administration (Capsule, Tablet, Injection); By Application (Hospital Pharmacy, Retail Pharmacy, and Online Pharmacy); By Region (North America, Europe, Asia Pacific, and Rest of the World); Trend Analysis, Competitive Market Share & Forecast, 2021-2027.
Publish Date: January 2021
The global amoxicillin sodium market is estimated to reach USD 679.1 million by 2020 and is further projected to reach USD 905.2 million by 2027, growing at a CAGR of 4.9% during 2021-2027 (forecast period).
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