Benzathine Penicillin G Market Analysis, Growth Values and Industry Forecast to 2023
Market Highlights:
Benzathine Penicillin G is an antibody
used to treat various bacterial infections. It is also used in the treatment of
rheumatic fever and related heart problems. The Benzathine Penicillin G Market
is expected to witness tremendous growth owing to the rising prevalence of
various bacterial infections such as gonorrhea, meningitis, and others. Other
key factors such as a change to sedentary lifestyle, infectious diseases,
respiratory infections caused due to bacterial infections, and rheumatic heart
diseases contribute towards the growth of the market.
According to the World Heart
Federation, 3 million people get affected with the rheumatic heart disease
every year. Also, according to the Centers for Disease Control and Prevention
August 2018, 370 cases of meningitis were reported in the US in 2016. Such an
incidence of rheumatic heart disease and meningitis supports market growth.
However, factors such as lack of
awareness about the treatment and the side effects associated with treatments
are expected to hinder the growth of the Benzathine Penicillin G market during
the forecast period.
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Key Players:
·
Abcam plc
·
Pfizer Inc
·
Alembic IT Department
·
ECPlaza Network Inc
·
Sandoz International GmbH
·
Merck KGaA
·
Triveni Interchem Private Limited
·
CSC Pharmaceuticals
Segmentation:
·
The global Benzathine Penicillin G market
is segmented on the basis of application, mode of injection, and end user.
·
The Benzathine Penicillin G market, by
application, is segmented into bacterial infections and sexually transmitted
infection (STI) syphilis therapy. Bacterial infections are further segmented
into Bejel, diphtheria, and rheumatic fever.
·
On the basis of mode of injection, the
market is segmented into intravenous and intramuscular injection.
·
On the basis of end user, the global
Benzathine Penicillin G market is segmented into hospitals and clinics,
diagnostic centers, ambulatory surgical centers, research centers, and others.
Regional Analysis:
The Americas is the largest in the market
owing to the increasing prevalence of rheumatic heart disorders and growing
healthcare expenditure. According to the National Meningitis Association
December 2014, every year approximately 600 to 1000 people are affected by the
meningococcal disease in the US. Such a high incidence rate of meningococcal
disease drives the market growth in this region.
Europe (UK, Belgium, France, and
Netherlands) is expected to be the second largest Benzathine Penicillin G
market during the forecast period. The increasing occurrence of sexually
infective diseases positively drives the market in this region. According to
the European Centre for Disease Prevention and Control, September 2015, it is
estimated that every year approximately 146 million cases of sexually
transmitted infections are found worldwide. In Europe, 385 000 cases were
reported in 2013 which may increase during the forecast period. Thus, the
growing cases of sexually transmitted infections facilitate market growth.
Asia-Pacific was projected to be the
fastest growing region for the global Benzathine Penicillin G market in 2017. The
market is expected to witness growth owing to the increasing awareness about
the treatment and increasing research and development centers in this region.
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