Spain Antibiotics Market Size, Share, and COVID-19 Impact Analysis, By Drug Class (Cephalosporin, Penicillin, Fluoroquinolone, Macrolides, Carbapenems, Aminoglycosides, Sulfonamides, 7-ACA, and Others), By Action Mechanism (Cell Wall Synthesis Inhibitors, Protein Synthesis Inhibitors, DNA Synthesis Inhibitors, RNA Synthesis Inhibitors, Mycolic Acid Inhibitors, and Others), and Spain Antibiotics Market Insights, Industry Trend, Forecasts to 2033
Industry: HealthcareSpain Antibiotics Market Insights Forecasts to 2033
- The Spain Antibiotics Market Size was valued at USD 1.20 Billion in 2023.
- The Market Size is Growing at a CAGR of 3.73% from 2023 to 2033.
- The Spain Antibiotics Market Size is Expected to Reach USD 1.73 Billion by 2033
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The Spain Antibiotics Market Size is Anticipated to Reach USD 1.73 Billion by 2033, growing at a CAGR of 3.73% from 2023 to 2033.
Market Overview
Antibiotics are medications used to treat and prevent bacterial infections in humans, animals, and plants. They work by either killing bacteria or making it difficult for them to grow and multiply. Antibiotics can be taken orally, topically, or through an injection or intravenously. Spain has one of the highest rates of antibiotic consumption in Europe, and as a result, it also has one of the highest rates of bacterial resistance to antimicrobials. The Spanish Agency for Medicines and Health Products (AEMPS) coordinates the National Plan against Antibiotic Resistance (PRAN), which aims to raise awareness of the threat of antibiotic resistance and encourage the prudent use of antibiotics. The increasing prevalence of infectious diseases, such as respiratory infections, TB, urinary tract infections, and sexually transmitted diseases, is a major driver of the antibiotics market in Spain. The rising frequency of antibiotic resistance is a key factor driving the market's growth, largely due to the overuse and misuse of antibiotics, as well as a lack of new drug development.
Report Coverage
This research report categorizes the market for the Spain antibiotics based on various segments and regions and forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the Spain antibiotics market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the Spain antibiotics market.
Spain Antibiotics Market Report Coverage
Report Coverage | Details |
---|---|
Base Year: | 2023 |
Market Size in 2023: | USD 1.20 Billion |
Forecast Period: | 2023 - 2033 |
Forecast Period CAGR 2023 - 2033 : | 3.73% |
2033 Value Projection: | USD 1.73 Billion |
Historical Data for: | 2019 - 2022 |
No. of Pages: | 189 |
Tables, Charts & Figures: | 110 |
Segments covered: | By Drug Class, By Action Mechanism. |
Companies covered:: | Nabriva Therapeutics, Kyorin Pharmaceutical, Shionogi & Co Ltd, Melinta Therapeutics, Viatris Inc, Lupin, GSK PLC, Cipla Ltd DR, and Others |
Pitfalls & Challenges: | COVID-19 Empact, Challenge, Future, Growth, & Analysis |
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Driving Factors
The significant increase in antibiotic use in Spain can be attributed to the steady rise in GDP. Economic prosperity has greatly improved the quality of life for individuals in low- and middle-income countries (LMICs), leading to higher rates of antibiotic consumption. Improved access to antibiotics without a prescription, as well as the use of leftover antibiotics from previous prescriptions, are key factors driving this trend. In addition, inadequate training during early clinical practice, irrational prescriptions influenced by pharmaceutical companies, and insufficient diagnostic processes also contribute to the increasing use of antibiotics. These factors collectively drive the growth of the antibiotics market, reflecting the complex relationship between economic development, healthcare practices, and pharmaceutical consumption patterns.
Restraining Factors
The discovery and development of new antibiotics present significant challenges in the pharmaceutical industry. The rigorous scientific process, along with lengthy and expensive research and development phases, often leads to high failure rates.
Market Segmentation
The Spain antibiotics market share is classified into drug class and action mechanism.
- The penicillin segment is expected to hold the largest market share through the forecast period.
The Spain antibiotics market is segmented by drug class into cephalosporin, penicillin, fluoroquinolone, macrolides, carbapenems, aminoglycosides, sulfonamides, 7-ACA, and others. Among these, the penicillin segment is expected to hold the largest market share through the forecast period. Penicillin was the first class of drug to be discovered and is still widely used to treat various infections, especially those caused by staphylococci, streptococci, clostridium, and listeria. These drugs work by either inhibiting cell wall synthesis or preventing the formation of the peptidoglycan layer. They are commonly used as the first line of treatment for infections such as pharyngitis, skin infections, bronchial cough, gonorrhea, and ear fungus.
- The cell wall synthesis inhibitors segment is expected to dominate the Spain antibiotics market during the forecast period.
Based on the action mechanism, the Spain antibiotics market is divided into cell wall synthesis inhibitors, protein synthesis inhibitors, DNA synthesis inhibitors, RNA synthesis inhibitors, mycolic acid inhibitors, and others. Among these, the cell wall synthesis inhibitors segment is expected to dominate the Spain antibiotics market during the forecast period. Cell wall synthesis inhibitors are a type of widely used antibiotics that have a broad-spectrum action against both gram-positive and gram-negative bacteria. These antibiotics work by hindering the synthesis of the peptidoglycan layer, which is essential for the structural integrity of the bacterial cell wall. Examples of drugs in this category include cephalosporin, penicillin, carbapenems, and others.
Competitive Analysis:
The report offers the appropriate analysis of the key organizations/companies involved within the Spain antibiotics market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.
List of Key Companies
- Nabriva Therapeutics
- Kyorin Pharmaceutical
- Shionogi & Co Ltd
- Melinta Therapeutics
- Viatris Inc
- Lupin
- GSK PLC
- Cipla Ltd DR
- Others
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Recent Developments
- In June 2023, Venus Remedies Ltd., a pharmaceutical company, announced that it had obtained marketing authorization in Spain for its generic antibiotic, meropenem. The company received approval through its German subsidiary, Venus Pharma GmbH, for 500mg, 1g, and 2g injections of this last-resort antibiotic. Venus Remedies also stated that it has been the largest exporter of meropenem from India over the past three years.
Market Segment
This study forecasts revenue at Spain, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the Spain Antibiotics Market based on the below-mentioned segments:
Spain Antibiotics Market, By Drug Class
- Cephalosporin
- Penicillin
- Fluoroquinolone
- Macrolides
- Carbapenems
- Aminoglycosides
- Sulfonamides
- 7-ACA
- Others
Spain Antibiotics Market, By Action Mechanism
- Cell Wall Synthesis Inhibitors
- Protein Synthesis Inhibitors
- DNA Synthesis Inhibitors
- RNA Synthesis Inhibitors
- Mycolic Acid Inhibitors
- Others
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