ALBANY, N.Y., Feb. 22, 2021
- The growing prevalence of eye and skin infections is extrapolated to bring extensive growth opportunities for the topical antibiotics market during the assessment period of 2020-2030
- The global topical antibiotics market is expected to expand at a CAGR of ~3 percent from 2020 to 2030 on the back of varied growth factors
ALBANY, N.Y., Feb. 22, 2021 /PRNewswire/ -- The rising popularity of topical antibiotics as a great treatment for a range of medical conditions may bring immense growth prospects for the topical antibiotics market between 2020 and 2030. Furthermore, the extensive use of topical antibiotics for treating ophthalmic and dermatological disorders may serve as a prominent growth opportunity for the topical antibiotics market.
Topical antibiotics are a vital class of antibiotics that inhibit bacterial cell wall growth. Various topical antibiotics are prescribed over-the-counter and are ubiquitously used in treating a plethora of infections. They are manufactured in ointment or cream form for applying directly to the skin.
The Transparency Market Research (TMR) experts, after a thorough and scrutinized analysis on all aspects conclude that the global topical antibiotics market expects to expand at a moderate CAGR of ~3 percent across the assessment period of 2020-2030. The global topical antibiotics market was valued at US$ 5.8 bn in 2019 and is prognosticated to reach a value of US$ 8.3 bn by the end of the forecast period, that is, 2030.
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Technological advancements across the topical antibiotics market are expected to turn the tables of growth across the topical antibiotics market. The growing resistance of bacteria against some existing drugs is clearing the way for the creation of novel antibiotics. These aspects may bring profitable growth opportunities for the topical antibiotics market between 2020 and 2030.
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Topical Antibiotics Market: Analysts Advice
The TMR analysts advise the players in the topical antibiotics market to focus on tackling challenges such as catastrophic ecological impact, escalating bacterial resistance, and others through developing new formulations. The analysts further predict that North America and Europe are expected to lead the topical antibiotics market in terms of regional share. Asia Pacific may also harness extensive growth for the topical antibiotics market during the forecast period according to the analysts.
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Key Findings of the Report
Rising Cases of Skin Infections to Bring Prominent Growth Opportunities for Topical Antibiotics Market
The prevalence of skin infections has increased considerably over the years. The escalating number of bacterial, fungal, viral, and parasitic skin infections may help in increasing the growth rate of the topical antibiotics market to a great extent. Topical antibiotics are used on a large scale for treating various types of skin infections, eventually heightening the growth prospects of the topical antibiotics market.
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Changing Lifestyle Increasing Growth Prospects
The emergence of a hectic lifestyle among many individuals around the world has led to the advent of many diseases and infections. The growing consumption of junk food also leads to various side effects. Thus, the rapidly changing lifestyle of a large chunk of the individuals may serve as a robust growth pillar for the topical antibiotics market.
Explore 232 pages of superlative research, current market scenario, and extensive geographical projections. Gain insights into the Topical Antibiotics Market (Drug Class: Tetracycline, Aminoglycosides, Erythromycin, Clindamycin, and Others; Dosage Form: Ointments, Creams, Powder, Gels, and Others; Indication: Skin Infection, Eye Infection, Bromhidrosis, and Others; Product Type: Prescription and OTC; and Distribution Channel: Hospital Pharmacies, Retail Pharmacies, and Others) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2020 - 2030 at https://www.transparencymarketresearch.com/report-toc/44919
Topical Antibiotics Market: COVID-19 Impact
Explore Transparency Market Research's award-winning coverage of the global Healthcare Industry:
Respiratory Virus Infection Drugs Market: https://www.transparencymarketresearch.com/respiratory-virus-infection-drugs-market.html
Pediatric Antibiotics Market: https://www.transparencymarketresearch.com/pediatric-antibiotics-market.html
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