Metronidazole Market Scope
Metronidazole is an antibiotic, which is used to treat a wide variety of infections of the vagina, stomach or intestines, liver, skin, joints, liver, respiratory tract, brain and heart. It belongs to a class of drugs called nitroimidazole antimicrobials. The drugs in this class work in a similar way and used to treat similar conditions. Metronidazole works by stopping the growth of certain bacteria and parasites.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Key Companies Profiled | Pfizer (United States), Alembic Pharmaceuticals Ltd (India), Watson Pharmaceuticals, Inc. (United States), Cadila Healthcare (India), Medline Industries, Inc. (United States), Lupin Limited (India), Perrigo (Ireland), Hongyuan Pharmaceutical Co.,Ltd. (China) and Aurobindo Pharma (India) |
CAGR | 7.8% |
Research Analyst at AMA estimates that United States and Indian Players will contribute to the maximum growth of Global Metronidazole market throughout the predicted period.
Pfizer (United States), Alembic Pharmaceuticals Ltd (India), Watson Pharmaceuticals, Inc. (United States), Cadila Healthcare (India), Medline Industries, Inc. (United States), Lupin Limited (India), Perrigo (Ireland), Hongyuan Pharmaceutical Co.,Ltd. (China) and Aurobindo Pharma (India) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research are Kopran Limited (India) and Polpharma API (Poland).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Metronidazole market by Type , by Application (Anaerobic Bacterial Infections, Sexually Transmitted Disease, Bacterial Vaginosis, Colorectal Surgical Infections and Others) and Region with country level break-up.
On the basis of geography, the market of Metronidazole has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
region held largest market share in the year 2023.
In July 2019, Perrigo Company plc announced its product development partner received final approval from the U.S. Food and Drug Administration for its AB-rated Abbreviated New Drug Application (“ANDA”) referencing Metrogel-Vaginal (metronidazole vaginal gel 0.75%).
Influencing Trend:
Technological Advancements in the Field Of Medical Science and Research and Development to Boost the Market Demand
Market Growth Drivers:
Increase in Prevalence of Bacterial Infections, Growing Awareness about Healthy Life among People and Increase in Healthcare Expenditure
Restraints:
Overdose May Cause Serious Symptoms
Opportunities:
Development of Healthcare Infrastructure in Emerging Economies and Rise in the Online Pharmacies
Key Target Audience
Metronidazole Manufacturers, Research Professionals, Emerging Companies, Distributors, Government Body & Associations and End-user