Stratview Research has recently published a report on Cephalosporin Market segmented by Trends, Forecast & Market Analysis. The objective of the market experts at Stratview Research is to conduct a thorough analysis of the ‘Cephalosporin’ and put a detailed knowledge about the industry and business attractiveness, revenue, market size, segmentation, growth and restraining factors so that the user gets in depth information about the industry and the business from a past, current and a future perspective and can potentially invest capital for further growth.
Additionally, the report covers a variety of established and emerging start-ups and organisations operating in the industry. As a result, the report provides a comparative analysis by presenting the user with various aspects of the markets discussed in the report.
Covid-19 Analysis –
Nationwide lockdowns have impacted, and halted productions, supply of raw materials sourcing disruption has affected the balance in the supply of finished products. This report aims to cover all the aspects of how the pandemic has affected the business in the Cephalosporin market and how has the subsequent lockdowns inflamed the industry scenario and what are the areas that needs urgent action and re-planning.
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The report encompasses in-depth segmentations like regional segmentation, segmentation by product types, application-wise segmentation, geographical segmentation and thereby gives the user an overview of the effectiveness of the segmentation by various classes.
By type, the cephalosporin market has been segmented into branded and generic. Under these, the generic segment held a considerable market share in 2020 and is likely to register the fastest CAGR during the review period. This is mainly attributed to the easy availability of drugs at a lower cost when compared to branded drugs. Also, the pharmacological effects of generic drugs are almost the same as those of their brand-name equivalents.
By region, the Asia Pacific market witnessed the highest market share in 2020 and is estimated to grow at a substantial CAGR during the assessment period. This is mainly ascribed to the rise in consumption of cephalosporin, upsurge in demand for over-the-counter drugs, easier availability, and increasing bacterial infections in the Asia Pacific. Moreover, growing healthcare expenditure and improving standards of living with large population growth further boosts the regional growth.
The Global Cephalosporin Market is projected to grow from USD 13.89 billion in 2020 to USD 16.35 billion by 2026 at a CAGR of over 2.8% during the forecast period.
The growing prevalence of infectious diseases and the increase in funding for the development of antibiotics are some of the key factors bolstering the product demand. Additionally, the surge in R&D activities for the production of combination drugs and the rising demand for antibacterial further augment the market growth. Moreover, the discovery of innovative prospect molecules and the introduction of novel combination therapies to treat antibiotic-resistant infections are likely to provide lucrative opportunities to the industry participants. However, the side effects of cephalosporin are likely to hinder the industry expansion.
Key Players in the Cephalosporin Market
The following are the key players in the Cephalosporin market.Aristo Pharmaceuticals Ltd (India), Baxter International (The U.S.), F. Hoffmann-La Roche AG (Switzerland), GlaxoSmithKline PLC (UK), Lupin Pharmaceuticals Inc. (India), Macleods Pharmaceuticals Ltd (India), Mankind Pharma (India), Merck & Co. Inc. (The U.S.), Pfizer Inc. (The U.S.), and Teva Pharmaceutical Industries Ltd. (Israel).
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