Penicillin and Streptomycin Market: North America leads the market with high market shares
Penicillin refers to a group of antibiotics such as Pencilillium V, Penicillium G. Penicillin was first derived from Penicillium. Streptomycin is a bactericidal which is widely used in the treatment of Tuberculosis, along with other drugs.
Penicillin and Streptomycin are two prominent antibiotic drugs used for diseases that are caused by bacteria. The Penicillin and Streptomycin Market deals with the demand and supply of penicillin and streptomycin, production and scope of pen strep in various regions for various medical issues across the globe during 2015-2020.
In the Penicillin and Streptomycin Market, There is a shortage of penicillin drug currently in many regions of the globe, which makes it necessary for the pharmaceuticals to produce ample amount of drug for sufficient global supply through 2020. There is a high demand for streptomycin for tuberculosis patients in many countries which is boosting the market for these drugs.
North America is the leading region with high market shares in the Penicillin and Streptomycin Market. This region has many prominent companies that supply pen strep drugs all over the world in huge capacity. Europe is also one of the leading region with many drug companies who produce pen strep drugs.
Asia Pacific is the largest region for high growth in the Penicillin and Streptomycin Market. With high populated regions like India and China, and due to constant breakouts of various medical illnesses these drugs demand is higher in this region compared to other regions.
The Penicillin and Streptomycin Market is segmented into various categories in the IndustryARC market research report by product type, by route of administration, by manufacturing process, by end user and by geography.
By product type: penicillin (bulk, dosage), streptomycin (bulk, dosage)
By route of administration: oral, intramuscular and intravenous
By manufacturing process: natural, synthetic and semi-synthetic
By end user: pharmaceuticals, hospitals and Clinics/ ASC’s
By geography: North America, South America, Europe, Asia Pacific and ROW
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According to the IndustryARC market research report, the key players in the Penicillin and Streptomycin Market are as follows:
Johnson & Johnson (U.S)
The Penicillin and Streptomycin Market is a rapidly growing market in various regions across the globe owing to rise in medical healthcare awareness among the population. This market is expected to witness high growth due to bulk production and supply of penstrep medication during 2015-2020.
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Jun 16, 2016