Carbapenem Market - By Drug Class (Meropenem, Imipenem, Ertapenem, Doripenem), Application (Urinary Tract, Bloodstream, & Intra-Abdominal Infections, Bacterial Meningitis), Distribution Channel – Global Forecast (2024 – 2032)
Report ID: GMI9836
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Published Date: June 2024
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Report Format: PDF
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Base Year: 2023
Companies covered: 15
Tables & Figures: 184
Countries covered: 23
Pages: 167
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Carbapenem Market
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Carbapenem Market Size
Carbapenem Market size was valued at around USD 4 billion in 2023 and is estimated to grow at 5% CAGR from 2024 to 2032. Carbapenems are a class of highly effective antibiotics used to treat severe or high-risk bacterial infections.
They belong to the beta-lactam family of antibiotics, which work by inhibiting the synthesis of the bacterial cell wall, ultimately leading to the death of the bacteria. Carbapenems are considered broad-spectrum antibiotics because they are effective against a wide variety of gram-positive and gram-negative bacteria, including many strains that are resistant to other antibiotics.
The rising incidence of antimicrobial resistance is a significant driver for the market. For instance, according to the World Health Organization (WHO), antimicrobial resistance (AMR) is one of the foremost global public health and development threats. In 2019, it is estimated that bacterial AMR directly caused 1.27 million deaths worldwide and contributed to a total of 4.95 million deaths. Therefore, this underscores the urgent need for new and effective antimicrobial agents, driving innovation and investment in the development of novel antibiotics and alternative treatments to combat resistant bacterial infections.
Furthermore, high R&D investments in clinical research, growing incidence of hospital-acquired infections, and increased awareness and diagnostic advancements, are driving factors for the market growth.
Carbapenem Market Trends
High research and development (R&D) investments in clinical research play a pivotal role in advancing the carbapenem market. These substantial investments facilitate the development of new and improved carbapenem antibiotics, which is estimated to reach USD 60.9 billion by 2032, are crucial for addressing the growing challenge of antimicrobial resistance (AMR) and meeting the needs of patients with severe, difficult-to-treat infections.
Carbapenem Market Analysis
Based on drug class, the market is divided into meropenem, imipenem, ertapenem, doripenem, and other drug class. The meropenem segment of the market is forecasted to reach USD 2.4 billion by 2032.
Based on application, the carbapenem market is bifurcated into urinary tract infections, bloodstream infections, intra-abdominal infections, bacterial meningitis, and other applications. The urinary tract infections segment accounted for USD 1.4 billion in 2023.
Based on distribution channel, the carbapenem market is bifurcated into hospital pharmacies, retail pharmacies, and online pharmacies. The hospital pharmacies segment is forecasted to reach USD 3.4 billion by 2032.
The growth of the carbapenem market in the U.S. projected to reach USD 986.9 million by 2032.
The carbapenem market in UK is expected to experience significant and promising growth from 2024 to 2032.
Japan carbapenem market is anticipated to witness lucrative growth between 2024 – 2032.
The carbapenem market in Saudi Arabia is expected to experience significant and promising growth from 2024 to 2032.
Carbapenem Market Share
The carbapenem sector is competitive in nature, with a mix of major global and smaller to medium-sized companies competing for market share. A pivotal aspect of market strategy involves the continual introduction of innovative products leveraging diverse technologies. Notably, prominent industry players command considerable influence in this dynamic landscape, often driving forward advancements through substantial investments in research and development. Additionally, strategic alliances, acquisitions, and mergers are instrumental in fortifying market positions and expanding global footprint amidst evolving regulatory landscapes.
Carbapenem Market Companies
Some of the eminent market participants operating in the carbapenem industry include:
Carbapenem Industry News:
The carbapenem market research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in USD Million from 2021 – 2032 for the following segments:
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Market, By Drug Class
Market, By Application
Market, By Distribution Channel
The above information is provided for the following regions and countries: