On 21 July 2019, the Health Ministry of India has banned the manufacture, sale and distribution of antibiotic, Colistin and its formulations for food producing animals, poultry, aqua farming and animal feed supplements in a bid to preserve the drug’s efficacy in humans. The ban has been imposed under provisions of the Drugs and Cosmetics Act, 1940 and a notification in this regard has been issued by the Centre.
According to the report, Continuous Research & Developments in Polymixins is one of the primary growth factors for the market. The Increasing Incidence of Infections Due To Multidrug-Resistant Gram-Negative Bacteria
is also expected to contribute significantly to the Polymixin market. Overall, Humans
applications of Polymixin, and the growing awareness of them, is what makes this segment of the industry important to its overall growth. The Administration Route, such as Oral, is boosting the Polymixin market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
AMAs Analyst on the Global Polymixin market identified that the demand is rising in many different parts of the world as "Development of Novel Polymyxins That Will Be Safer and Efficacious". Furthermore, some recent industry insights like "On 21 Aug 2019, Finnish virtual antibiotics developer Northern Antibiotics is working towards a new molecule that targets drug-resistant bacteria. Northern Antibiotics’ new molecule is a polymyxin derivative belonging to the peptide antibiotics and is effective against carbapenem-resistant bacteria. and In 2016, Aurobindo Pharma has received final approval from the US Food & Drug Administration (USFDA) to manufacture and market Polymyxin B for Injection USP, 500,000 units/vial." is constantly making the industry dynamic.
The report provides an in-depth analysis and forecast about the industry covering the following key features: o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies o Analyses the Global Polymixin market according to Type, Application, and regions o Analyzes the top 10 players in terms of market reach, business strategy, and business focus o Provides stakeholders insights and key drivers & trends of the market
Market Size Estimation In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Polymixin market and other related sub-markets covered in the study.
o Key & emerging players in the market have been observed through secondary research. o The industrys supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes. o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Data Triangulation The overall market size is calculated using market estimation process, the market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the market size has been validated using both top-down and bottom-up approaches.