Metronidazole Market Size, Share, Growth, And Industry Growth By Type (Glyoxal Process, Ethidene Diamine Process And Others) By Application (Metronidazole Tablets, Metronidazole Capsule, Metronidazole Injection And Others), Regional Insights, and Forecast To 2031

Updated On: 01 April 2024

Metronidazole Market REPORT OVERVIEW

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The global metronidazole market size was USD 113 million in 2022 and market is projected to touch USD 107.5 million by 2031, exhibiting a compound annual growth rate (CAGR) of -0.5% during the forecast period.

Metronidazole is classified under the nitroimidazole antimicrobials. It comes in a white crystalline powder commonly known as Fragyl Orvagil. In general, it is used in treating bacterial and vaginal infections. It is strictly a prescription medicine and dosage is regulated. It is one of the most common drugs for anaerobic infections and is FDA-approved.

The misuse of antibiotics, poor hygiene practices, prevention control and unprotected physical intercourse is the reason for the spread of antibacterial and vaginal infection. In recent years, the spread of COVID-19 has caused bacterial infections after the recovery. Although, the numbers are rare, however, the potential threat of spreading bacterial infection cannot be ignored.

COVID-19 Impact: Pandemic to Hamper the Market Demand

The sudden spread of the deadly virus caught all the major industries an edge. Although healthcare has consistently improved in the past decades, however it was not prepared for the worst healthcare crisis of the century. The pharmacy industry's demand skyrocketed during these times. Briefly, priority was given to the development of the COVID-19 vaccines. The majority of investment was diverted to COVID research and developments. Apart from these, the price of the raw materials fell, thus decreasing the price of metronidazole in the international market. This was a matter of concern for the key players. The demands of metronidazole also witnessed a slow growth. As the world gears for the post-pandemic lifestyle, the demand for metronidazole is gradually declining owing to the advanced treatments and alternatives in the market. The lack of promising drivers in the market will further influence the metronidazole market share in the upcoming years.

LATEST TRENDS

"Research and Development to Boost the Market Demand"

The professional is constantly striving to find out more about metronidazole and it has widely discussed topic for research.  It has shown potential in many research areas. At the present, the drug is being tested against multiple diseases to underrate the potential leads and efficiency. According to the latest developments, research is undergone on the use of metronidazole on girls between the ages of 3-18 years old. More experiments are needed to conclude. The key players are joining hands to discover or experiment with something new so that metronidazole boosts the market demand. In mainstream practice it is now used in the treatment of cats, dogs and horses however, more data is required for better diagnosis. As the market competition is high by the presence of alternatives, a new formula and extensive research are required to get out of the slow-growth market.

Metronidazole Market Segmentation

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• By Type Analysis

According to type, the market can be segmented into glyoxal process, ethidene diamine process and others. The glyoxal process is expected to lead this segment in the forecasted year.

• By Application Analysis

Based on application, the market can be divided into metronidazole tablets, metronidazole capsules, metronidazole injections and others. The metronidazole tablets are anticipated to lead this segment.

DRIVING FACTORS

"Increase in the Production to Accelerate the Metronidazole Market Growth"

In recent years, the prices of raw materials have gone down thus reducing the production cost. It is commonly used in the treatment of infections caused due to parasites. Studies have shown that almost 75% of women get a vaginal infection in their lifetime. It is more prevalent in underdeveloped countries. The increasing consumption of antibiotics, and birth control pills, accompanied by faulty eating habits have led to escalating bacterial and vaginal infections. The affordability of the product is another driving factor and will continue to influence the metronidazole market growth in the upcoming years.

"Application of Metronidazole in Animals to Propel Market Share"

Advanced research and experiments have broadened the metronidazole application. Previously it was limited to humans, however, it is now prescribed for animals as well. It is now used in the treatment of protozoal infections in cats and dogs. In many cases, metronidazole is used for inflammatory bowel conditions. In another usage of metronidazole, it is used after surgery to prevent infections. The rise in the greater application will boost the metronidazole market growth.

RESTRAINING FACTORS

"Adverse Effects to Dampen the Market Demands"

Metronidazole usage has adverse side effects thus restraining the market demands. Past studies and instances have shown that primary effects include such as nausea, vomiting, diarrhoea, confusion and peripheral neuropathy. The use of metronidazole should be limited as prescribed by the medical professional. An overdose of the product can cause severe health disadvantages. In addition to these, there are extended warnings issued against the unnecessary dosage of metronidazole. It can result in bacterial superinfection and the potential threat of candidiasis during the metronidazole treatment. Moreover, the presence of alternative products in the market with improved efficiency will challenge the metronidazole market growth in the forthcoming years. 

Metronidazole Market REGIONAL INSIGHTS

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"Asia Pacific to Dominate the Market Due to the Presence of the Key Players in the Market"

The restructuring of healthcare and demand for pharmacy products had shown positive inclination in the market in the previous years. China is expected to lead this region. The improved economy of China has helped in the investment of research and development. The recent pandemic chaos has further compelled the government to strengthen the pharmacy industry with limited dependence on international markets. The presence of the key players in this region played a significant role in the growth of the metronidazole market size in this region.

KEY INDUSTRY PLAYERS

"Market Players Focus on New Product Launches to Strengthen Market Position"

Prominent market players are making collaborative efforts by partnering with other companies to stay ahead of the competition. Many companies also invest 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

• Hongyuan Pharmaceutical (China)
• Yinhe Aarti Pharmaceutical (China)
• Saikang Pharmaceutical (China)
• Zhongan Pharmaceutical (China)
• Wuyao Pharmaceutical (China)
• Yichang Changjiang Pharmaceutical (China)
• Tongji Pharmaceutical (U.S.)
• Hongda Pharmaceutical (China)
• Topsun Pharmaceutical (South Korea)
• Unichem Laboratories (India)
• Corden Pharma Farchemia (Italy)
• API Polpharma (Poland)
• Manav Drugs (India)
• Aarey Drugs & Pharmaceuticals (India)
• Aarti Drugs (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.