Ketolides Market Overview 2024-2028: Expected Market Size, Major Driver And Lucrative Segments As Per The Business Research Company’s Ketolides Global Market Report 2024
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LONDON, Feb. 19, 2024 (GLOBE NEWSWIRE) — As per The Business Research Company’s Ketolides Global Market Report 2024, the ketolides market has exhibited strong growth in recent years and is poised for continued expansion. With a projected increase from $3.07 billion in 2023 to $3.22 billion in 2024, the ketolides market is anticipated to grow at a compound annual growth rate (CAGR) of 5.0%. This ketolides market growth is attributed to factors such as the rising prevalence of infectious diseases, increased consumption of antibiotics, demand for effective treatments, and government initiatives.
Anticipated Growth Drivers
In the coming years, the ketolides market is expected to witness steady growth, reaching $3.82 billion by 2028 at a CAGR of 4.4%. Investments in research and development activities, expanding screening programs for infectious diseases, incremental healthcare spending, and growing awareness of antimicrobial stewardship are among the key factors driving this growth. Major trends forecasted include innovative treatments, targeted therapies, advancements in diagnosis and treatment, and the development of new ketolide formulations.
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Expanding Healthcare Industry: A Catalyst for Growth
The expansion of the healthcare industry is poised to drive the growth of the ketolides market. As an integral part of the healthcare ecosystem, ketolides play a crucial role in combating infectious diseases. The expansion of hospitals, coupled with increased healthcare spending, underscores the significance of ketolides in ensuring patient safety and efficacy. For instance, in May 2023, the number of hospitals in the US increased to 6,129, while healthcare spending in the UK witnessed a significant uptick. Such developments highlight the growing demand for ketolides in healthcare settings.
Market Segmentation and Major Players
The Ketolides Market Report covers a wide range of segments, including drug types (telithromycin, cethromycin, solithromycin), indications (bronchitis, pneumonia, sinusitis, tonsillitis or pharyngitis), microorganisms (streptococcus pneumoniae, haemophilus influenzae, moraxella catarrhalis, chlamydophila pneumoniae, mycoplasma pneumoniae), and distribution channels (hospital pharmacies, retail pharmacies, online pharmacies, other distribution channels).
Major players in the ketolides market include Pfizer Inc., F. Hoffmann-La Roche Ltd., Merck & Co. Inc., and others.
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Stakeholders in the ketolides industry can leverage the Ketolides Market Report to capitalize on emerging opportunities and drive business growth. The ketolides market report offers comprehensive insights into market dynamics, growth projections, major players, and key trends. By analyzing the report, stakeholders can identify potential areas for innovation, forge strategic partnerships, and develop targeted marketing strategies to gain a competitive edge in the market.
Ketolides Global Market Report 2024 by The Business Research Company provides insights on the ketolides market size, ketolides market segments, ketolides market trends, drivers and restraints, major competitors’ market positioning, revenues and market shares.
The Business Research Company has published over 7,500+ industry reports, covering more than 2,500+ market segments and 60 geographies. The reports draw on 1,500,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders.
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