The Global Aminoglycosides Market size is expected to reach USD 5.8 Billion by 2032 and register a CAGR of 5.8%, according to the latest report by Reports and Data.
Aminoglycoside medications find application in the management of diverse bacterial infections in both humans and animals. Their use in combating antibiotic resistance and as antibacterial agents is a significant factor propelling market expansion. Additionally, the rising global incidence of tuberculosis contributes to market growth. The presence of UNITAID and the Global Drug Facility is expected to further stimulate market growth, as these organizations play a crucial role in the diagnosis and management of tuberculosis. Moreover, the increasing instances of multidrug-resistant tuberculosis (MDR-TB) and the annual procurement needs of organizations like GDF and STOP TB Foundation are poised to provide a further boost to the market.
Side effects associated with the drugs such as irreversible hearing loss, muscle twitching, and seizure will hinder the growth of the market. The decrease in sales of a certain type of aminoglycosides will also limit the market.
The Asia Pacific holds the largest market share. Instances of tuberculosis are high in this region, and also the availability of multi-drug such as Kanamycin and Capreomycin in the region is boosting the market in the APAC region. Presence of a large number of market entities in China, Japan and India are forecasted to encourage the growth of the market. Kanamycin suppliers are located in this region that provides drugs to STOP TB and GDF, hence increasing the contribution from APAC.
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Further key findings from the report suggest
- Aminoglycosides are potent antibiotics that contain several properties for the treatment of life-threatening diseases.
- Neomycin holds the largest market share of 17% in the year 2018. It finds its application in topical formulations for the treatment of different skin infections.
- Kanamycin is forecasted to grow with a CAGR of 3.7% throughout the forecast period. It is used in MDR-TB after the failure of capreomycin but before treatment with amikacin.
- Injectables accounted for the largest market share of 24% in the year 2018. Use of kanamycin capreomycin by the global organization via injectables is forecasted to fuel the market growth.
- Feed holds a market share of 22% in the year 2018 and is forecasted to grow with 4.2% throughout the forecast period. Majority of in-feed and in-water aminoglycoside product is used in pig and poultry industries.
- Hospital Pharmacies is forecasted to hold the largest market share of 30% in the year 2026.
- Retail Pharmacies hold a market share of 27% in the year 2018 with a CAGR of 3.7% throughout the forecast period.
- Veterinary is forecasted to hold a market share of 24% in the year 2026 with the highest CAGR. It will boost industrial growth due to the higher growth of outbreaks in animal diseases.
- These drugs are restricted to food-producing animals as they can lead to toxic effect and resistant effect on human after consuming the animal.
- The Asia Pacific region holds the largest market share of 27% in the year 2018 owing to the presence of market players and a high incidence of tuberculosis in the region.
- North America holds a market share of 22% in the year 2018. Early-phase diagnosis and treatment of disease are forecasted to drive the market of the product in this region.
- Key participants include Vega Pharma Ltd., Kremoint Pharma Pvt. Ltd, Xian Wison Biological Technology Co., Ltd., Jiangxi Bolai Pharmacy Co., Ltd., Taiwan Fructose, Medson Pharmaceuticals, Hangzhou Uniwise International Co., Ltd., Yi Chang Veterinary Medicine Factory, HuvePharma, and Medico Remedies Pvt. Ltd among others.
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For the purpose of this report, Reports and Data have segmented the global Aminoglycosides Market on the basis of Drug, Mode of Administration, Application, Distribution Channel and Region:
Drug Outlook-
- Neomycin
- Tobramycin
- Gentamicin
- Amikacin
- Paromomycin
- Streptomycin
- Kanamycin
Mode of Administration Outlook -
- Feed
- Injectable
- Intra-mammary
- Topical
- Oral
Application Outlook -
- Veterinary
- Skin
- Respiratory
- UTI Pelvic Disease
- Neonatal Sepsis
Distribution Channel Outlook -
- Hospital Pharmacies
- Retail Pharmacies
- Online Pharmacies
- Clinics
Regional Outlook -
- North America
- U.S.
- Europe
- UK
- France
- Asia Pacific
- China
- India
- Japan
- MEA
- Latin America
- Brazil
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