Global Antibiotics Market Insights, Size and Growth Forecast To 2024
Antibiotics are also known as anti-bacterials or a ntimicrobials. Since the discovery of the antibiotic penicillin in 1920 antibiotics are used in the treatment of infections caused by germs-bacteria and certain parasites-via inhibiting the growth of microorganisms or killing them. Certain factors that are driving the market growth include the emergence of anti-MRSA drugs, development of generic drugs, and vulnerable aging population. The global antibiotics market witness growth by the development of novel approaches for new antibiotics for treating bacterial infections and a large number of clinical trials also increase in incidence of infectious diseases such as HIV/AIDS, pneumonia, malaria, and tuberculosis, and the market scenario of demand and supply of antibiotics are the other factors propelling the market. A large number of players have been focusing on new drug development and clinical trials. Prominent biotechnology companies are entering into strategic all...