Sulphonamides Market Size - By Route of Administration (Oral, Topical), Application (Skin Infection, GIT, UTI, RTI), Medication Type (Generics, Branded), Distribution Channel (Hospital, Retail, & Online Pharmacies), & Global Forecast, 2024 – 2032
Report ID: GMI9708
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Published Date: May 2024
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Report Format: PDF
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Base Year: 2023
Companies covered: 15
Tables & Figures: 259
Countries covered: 22
Pages: 242
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Sulphonamides Market
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Sulphonamides Market Size
Sulphonamides Market was valued at USD 122.4 million in 2023 and is estimated to grow at 4.8% CAGR from 2024 to 2032, driven by the increasing prevalence of infectious diseases globally. Furthermore, the increasing awareness among healthcare providers and patients about the effectiveness of sulphonamides is contributing to their higher prescription rates, thereby further expanding the market growth.
Sulphonamide treatment involves the use of medications from the sulphonamide group, which are synthetic antimicrobial agents. These drugs inhibit the growth and multiplication of bacteria by acting as competitive inhibitors of the enzyme dihydropteroate synthase involved in folate synthesis. Sulphonamides are bacteriostatic, meaning they inhibit bacterial growth without killing the bacteria. They are commonly used to treat bacterial infections, UTIs, and other conditions.
Sulphonamides Market Trends
The elevated cases of bacterial infections, including hospital-acquired infections (HAIs), resulted in an ongoing need for effective antibiotics to address and resolve these diseases, thereby driving up the demand for sulphonamides. HAIs, often caused by resistant bacteria, pose significant health risks and complications for patients. Sulphonamides, known for their broad-spectrum antibacterial properties, are frequently used to combat these infections bolstering the market demand.
Moreover, advancing healthcare infrastructure, antibiotic resistance, raising awareness campaigns, and intensified research and development activities further accelerate the demand for sulphonamides in the market.
Sulphonamides Market Analysis
Based on the route of administration, the market is categorized into oral, topical, and other routes of administration. The oral segment was worth over USD 66.2 million in 2023 and is projected to reach USD 98.6 million by 2032.
Based on application, the sulphonamides market is classified into skin infection, gastrointestinal (GIT) infection, urinary tract infection (UTI), respiratory tract infection (RTI), and other applications. The skin infection segment holds the largest market share of 27.7% in 2023.
Based on medication type, the market is segmented into branded and generics. In 2023, the branded segment asserted its dominance in the market, capturing the largest share of revenue, fuelled by a robust CAGR of 4.7% through 2032.
Based on the distribution channel, the sulphonamides market is segmented into hospital pharmacies, retail pharmacies, and online pharmacies. The hospital pharmacies segment dominated the largest market revenue in 2023.
The U.S. dominated the North American sulphonamides market accounting for USD 48 million in 2023 and is anticipated to show significant growth.
Germany exhibited a high growth potential in the European sulphonamides market.
The Asia Pacific sulphonamides market is poised witness 5.3% CAGR up to 2032.
Sulphonamides Market Share
The competitive landscape of the sulphonamides industry is characterized by the presence of key players focused on innovation, research, and strategic partnerships. Also, the market witnessed competition from generic drug manufacturers offering cost-effective alternatives. The collaboration and licensing agreements between pharmaceutical companies and academic institutions further intensify competition, driving advancements and market growth in the sulphonamides sector.
Sulphonamides Market Companies
Some of the prominent players operating in the sulphonamides industry include:
Sulphonamides Industry News
This sulphonamides 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 Route of Administration
Market, By Application
Market, By Medication Type
Market, By Distribution Channel
The above information is provided for the following regions and countries: