The North America antibiotics market is expected to reach US$ 18,004.25 million by 2027 from US$ 13,527.79 million in 2019. The market is estimated to grow with a CAGR of 3.9% from 2020 to 2027. Factors driving the market growth areprevalence of infectious diseases andincreasing development of generic drugs. However, the tedious and expensive process of antibiotic development and the impact of COVID-19 pandemic are likely to have a negative impact on market growth.
Antibiotic is a group of medicines that fights bacterial infections, and sometimes protozoan diseases. Moreover, they are used to treat many diseases such as strep throat, urinary tract infections, sinus infections, pneumonia, eye & ear infections, and others. Antibiotics are also called antimicrobial or antibacterial. After the discovery of the antibiotic penicillin in 1920, various other antibiotic compounds have been used to treat several bacterial infections.
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EUROPE PHARMACEUTICAL DRUG DELIVERY MARKET SEGMENTATION
By Route of Administration
Oral Drug Delivery
Injectable Drug Delivery
Topical Drug Delivery
Ocular Drug Delivery
Pulmonary Drug Delivery
Nasal Drug Delivery
Transmucosal Drug Delivery
Implantable Drug Delivery
Central Nervous System Disorders
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Home Care Settings
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