The antibiotic is prescribed for treating respiratory tract infections, skin soft tissue infections, pelvic inflammatory disease, and other conditions. Need for efficient antibacterial treatments has increased globally as pathogens continue developing resistance to commonly used antibiotics.
The global erythromycin market is estimated to be valued at US$ 9969.98 million in 2024 and is expected to exhibit a CAGR of 5.7% over the forecast period between 2024 to 2031.
Key Takeaways
Key players: Key players operating in the erythromycin market are Ani Pharmaceuticals, Akorn, Inc., Aceto Corporation, Genesis Pharmaceuticals, Teligent, Inc., Abbvie, Inc., Abbott Laboratories, Pfizer, Inc., Sanofi-Aventis, and Allergan, Plc.
Ani Pharmaceuticals is one of the leading producers and suppliers of erythromycin. Akorn Inc. offers a portfolio of generic and branded ophthalmic, otic and topical products including erythromycin.
Growing demand: Increasing cases of respiratory infections, skin infections and sexually transmitted diseases have boosted demand for erythromycin globally. It is commonly used as a substitute for penicillin in patients allergic to it.
Global expansion: Erythromycin Market Demand Leading pharmaceutical companies are expanding their erythromycin product offerings in high growth markets like Asia Pacific and Latin America. The rising medical needs in emerging nations are attracting major investments in these regions.
Market drivers
Rising antibiotic resistance has increased the need for alternative treatment options. Erythromycin continues gaining importance due to its effectiveness against strains resistant to commonly used antibiotics. Favorable regulatory approvals and reimbursement policies are encouraging erythromycin adoption. Furthermore, growing bacterial resistance to penicillin has elevated demand for macrolide substitutes like erythromycin.
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