Fidaxomicin Market Size, Share, Growth, And Industry Analysis by Type (Purity:90%, Purity:95%, and Others) by Application (Hospitals and Retail Pharmacies) Regional Forecast From 2023 To 2028

Updated On: 01 April 2024

Fidaxomicin Market Report Overview

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The global fidaxomicin market size was USD 532.08 million in 2021 and the market is expected to reach USD 721.63 million in 2027, exhibiting a compound annual growth rate (CAGR) of 5.21 % during the forecast period. The global COVID-19 pandemic has been unprecedented and staggering, with fidaxomicin experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels.

The first member of a class of antibiotics with a limited spectrum, fidaxomicin is a macrocyclic medication. Other names for it include Difimicin, Tiacumicin B, and Lipiarmycin. Fidaxomicin medications kill intestinal bacteria and cannot be used to treat infections unrelated to Clostridium difficile. The most expensive antibiotic currently approved for usage is fidaxomicin. A typical course might cost up to £1350.

COVID-19 Impact: Lockdown Restrictions to Impede Market Expansion

The market has been significantly harmed by the COVID-19 pandemic epidemic. This is due to the lockdowns forcing many businesses who purchase goods from the market to close and preventing customers from visiting the market. The downturn in demand has resulted in a reduction in both the market's workforce and the volume of orders placed by customers.

Latest Trends

"Minimal Disruption with C. difficile to Accelerate Market Expansion"

The first of a new class of antibiotics known as macrocycles, fidaxomicin kills C. difficile by inhibiting the bacterial enzyme RNA polymerase. While the majority of broad-spectrum antibiotics, such as metronidazole and vancomycin, disturb the normal intestinal flora, fidaxomicin's narrow-spectrum profile may preferentially eradicate C. difficile with little harm to the flora. Fidaxomicin may make it easier for the colon to revert to its normal physiological state and lessen the likelihood that CDI will reoccur.

Fidaxomicin Market Segmentation

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• By type

Depending on the market given are types: Purity:90%, Purity:95%, and Others.

• By Application

The market is divided into Hospitals and Retail Pharmacies based on application.

Driving Factors

"Growing Diseases in Europe Is Boosting Market Expansion"

The submission of our fidaxomicin MAA is a key step toward making this ground-breaking medication accessible to patients in Europe and toward joining the numerous ongoing initiatives to reduce the cost of healthcare in the EU. An urgent medical requirement is the infection caused by Clostridium difficile. The possibilities it gives for our business excites us. Because of the improved diagnosis and reporting of CDI over the past few years, Europe represents a significant market opportunity for us "Pedro Lichtinger, CEO and President of Optimer, remarked. "It will be easier to understand the prevalence of CDI and the significance of treating this disease in this market as more resources are devoted to comprehending CDI in Europe.

"Growing Geriatric Population to Drive Market Growth "

The disease is more likely to affect elderly persons with weakened immune systems or people who have spent a long time in a hospital facility. The sole therapeutic option for C. difficile that has been licensed by the US Food and Drug Administration (FDA) is oral Vancocin. Off-label usage of metronidazole is another possibility for treatment. Once the drug was removed, the condition returned in 20–30% of people who had responded to these therapies.

Restraining Factors

"High Expenditure to Restrict Industry Growth"

Their significant investment in R&D centers for macrolide antibiotics provides a favorable environment for the anticipated market value.

Fidaxomicin Market Regional Insights

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"Presence of Prominent Players to Foster Growth in North America"

Due to the presence of top manufacturers and fashionable healthcare facilities, North America now holds the largest fidaxomicin market share.

During the projected period, South Asia and East Asia's healthcare systems have supportive elements that are likely to fuel the expansion of the fidaxomicin market.

In the majority of the regions, both global and local manufacturers play equal roles. Due to its superior healthcare infrastructure and preference for pharmaceuticals over antibiotic therapy, Europe accounts for a sizable portion of the global fidaxomicin market growth.

Key Industry Players

"Key Players Focus on Partnerships to Gain a Competitive Advantage "

Prominent market players are making collaborative efforts by partnering with other companies to stay ahead of the competition. Many companies are also investing in new product launches to expand their product portfolio. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolios.

List of Market Players Profiled

• Astellas Pharma (Japan)
• Merck (U.S.)
• Biocon (India)

Report Coverage

This research profiles a report with extensive studies that take into description the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by inspecting the factors like segmentation, opportunities, industrial developments, trends, growth, size, share, and restraints. This analysis is subject to alteration if the key players and probable analysis of market dynamics change.