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Carbapenem Market Trends

  • Report ID: GMI9836
  • Published Date: Jun 2024
  • Report Format: PDF

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.
 

  • Significant R&D investments are crucial for developing advanced carbapenems that can combat resistant bacterial strains. This helps in maintaining the effectiveness of carbapenems as a last-resort treatment for severe infections.
     
  • Comprehensive clinical research supported by high R&D spending increases the likelihood of gaining regulatory approvals from bodies such as the U.S. Food and Drug Administration (FDA) and the European Medicines Agency (EMA). This paves the way for faster market entry and commercialization of new carbapenem products.
     
  • Additionally, R&D investments help in identifying and targeting specific unmet medical needs such as infections caused by multi-drug-resistant organisms (MDROs). Developing specialized carbapenems to treat these conditions can significantly improve patient outcomes and fill critical gaps in the market. Thus, propelling the growth of the market.
     
Authors: Mariam Faizullabhoy, Gauri Wani

Frequently Asked Questions (FAQ) :

The carbapenem market size was valued at USD 4 billion in 2023 and is estimated to grow at 5% CAGR from 2024 to 2032, driven by the rising incidence of antimicrobial resistance.

The urinary tract infections segment of the market accounted for USD 1.4 billion in 2023 and will grow at a robust pace through 2032, as carbapenem has a fast-acting bactericidal effect, which helps quickly reduce bacterial load and alleviate symptoms.

U.S carbapenem market size will reach USD 986.9 million by 2032, owing to rising pharmaceutical innovation.

Aurobindo Pharma, Daewoong Pharmaceuticals Co., Ltd, F. Hoffmann-La Roche Ltd, Johnson & Johnson, Kopran Limited, Lupin Limited, Merck & Co., Inc, Novartis AG, and Pfizer Inc. among others.

Carbapenem Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 15
  • Tables & Figures: 184
  • Countries covered: 23
  • Pages: 167
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