Piperacillin Sodium Market Report Overview
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The global piperacillin sodium market size was USD 194.7 million in 2021 and is projected to touch USD 272.4 million by 2031, exhibiting a CAGR of 3.4% during the forecasting period.
Piperacillin is the sodium salt of piperacillin, a semisynthetic, broad-spectrum ureidopenicillin antibiotic with bactericidal action, is sodium. In order to weaken the bacterial cell wall and cause cell lysis, piperacillin attaches to and inactivates penicillin-binding proteins (PBPs), enzymes found on the inner membrane of the bacterial cell wall. PBPs take involvement in the last phases of bacterial cell wall construction as well as the remodelling of the cell wall during cell division. PBP inactivation hinders the cross-linking of peptidoglycan chains, which is essential for the strength and stiffness of bacterial cell walls.
Infections caused by susceptible bacteria like Staphylococcus aureus, Streptococcus pneumoniae, and Escherichia coli are treated with piperacillin. Both surgical procedures and parenteral nutrition therapy can use the product. Orthopedic procedures including knee and hip replacement and spinal fusion surgery are examples of surgical uses. Due to its strong skin penetration, piperacillin injection 8:1 is frequently used to treat skin & skin structure infections (SSSI). As a result, it is widely recommended over other antibiotics for this usage.
The others segment of piperacillin primarily consists of ventilator-associated pneumonia (VAP) brought on by viruses like adenovirus, rhinovirus, and coronavirus, which are known to bring on respiratory tract infections in patients who have undergone mechanical ventilation procedures or who have conditions like cystic fibrosis or lung cancer while they are recovering in a hospital. A prescription drug called Pipracil (piperacillin for injection) is used to treat the signs and symptoms of bacterial infections like urinary tract infections, community-acquired pneumonia, acute cholangiopancreitis, and simple gonorrhoea. Pipracil can be taken either on its own or with other drugs. Piperacillin sodium is a member of the Extended-Spectrum Penicillin medication class.
A type of piperacillin that has undergone processing to eliminate all extraneous substances is known as 98 percent purity type. It has numerous uses in the medical field and is used as an antibiotic. A piperacillin product known as 95 percent Purity type has undergone processing to leave only piperacillin behind. It is a type of intravenous antibiotic that acts by preventing the body's penicillin-binding proteins from doing their job.
COVID-19 Impact: Reduction in Number of Targeted Patients to Hamper Market Growth
The global COVID-19 pandemic has been unprecedented and staggering, with piperacillin sodium experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden spike in CAGR is attributed to the market's growth and demand returning to pre-pandemic levels once the pandemic is over.
Not only has the COVID-19 virus caused a healthcare catastrophe, but also an economic one. Recessions have historically had little effect on the healthcare industry. Since people get sick, whether the economy is doing well or poorly, there has always been a demand for medical care. Additionally, those who have health insurance have their out-of-pocket expenses covered and can still afford to receive high-quality care. The COVID-19 recession, however, was unique. Many people who would have otherwise sought medical attention opted to stay at home since they were being urged to practise physical distance and limit their outdoor activities. In order to lower the possibility of disease transmission, it was also important to keep medical offices uncluttered. People delay non-urgent medical care. This includes imaging procedures, surgeries, visits to fill prescriptions, detection of infectious diseases and others.
Healthcare offices continue to experience a reduction in other patients even if staff members are busy caring for COVID-19 patients. Reductions in the use of healthcare services had been documented by some primary care providers. Clinical staff salaries have been cut or frozen, and some employees have been placed on leave. Healthcare organisations have also filed more claims for unemployment insurance. These factors are anticipated to hamper piperacillin sodium market growth.
LATEST TRENDS
"Technological Advancements in Manufacturing Process to Stir Market Growth"
As biology and technology merge, exciting possibilities are emerging to improve healthcare using developments in this age of digitization. The term "nanotech" simply means "nanoscopic technology," and these devices are exceedingly small. Particles can easily move into a human body because of their size. Once the patient consumes the nanoparticles, they will send signals indicating that the diagnosis has been finished, and all of this can be done through an application, allowing doctors and researchers to track the ailment. Nanotech will help in detecting infections faster and this is anticipated to drive piperacillin sodium market growth.
Piperacillin Sodium Market Segmentation
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- By Type
Based on type; the market is divided into piperacillin and piperacillin and tazobactam.
In terms of product, piperacillin is the largest segment.
- By Application
Based on application; the market is divided into piperacillin sodium injectionpiperacillin sodium compound injection.
In terms of application, piperacillin sodium injection segment is the largest segment.
DRIVING FACTORS
"Increasing Demand in the Treatment of Various Infections to Propel Market"
Rising prevalence of infectious diseases is the major factor for the growth of the piperacillin sodium market. A persistently elevated disease rate that has been noticed in and linked to a certain demographic throughout time. The rate at which infectious diseases are emerging around the world has accelerated due to the use of pesticides in agriculture and crop genetic manipulation. Due to the conditions of modern living, which ensure that the variables responsible for illness emergence are more abundant than ever before, infections are spreading more quickly and easily among people as a result of the pandemic.
"Growing Number of Hospital-Acquired Infections (HAIs) to Foster Market Growth"
Even while the epidemic may not be having a negative impact on the world right now, its consequences are still being felt. Due to an increase in the number of people being admitted to hospitals, hospital acquired infections have grown. People with weak immune systems and weakened health, which is typically caused by COVID 19, are more likely to contract HAIs, which is propelling the market's expansion.
RESTRAINING FACTORS
"Several Side Effects of the Antibiotic to Impede Market Growth"
Hives, breathing problems, swelling of the face, lips, tongue, or neck, pain or swelling at the injection site, swelling of the arms or legs are just a few of the major adverse effects that piperacillin may produce. Due to severe infection, it is advisable to only use this antibiotic in tiny doses or as directed. Consumption difficulty could limit market expansion.
Piperacillin Sodium Market Regional Insights
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"North America to Dominate Market Owing to Excellent Healthcare Expenditure"
North America dominates the market in terms of revenue and owns the largest part of piperacillin sodium market share. This is due to the existence of a sizable number of producers together with strong product penetration and utilisation rates for both veterinary and human medical applications. Due to rising government spending on healthcare, North America is expected to experience tremendous growth.
KEY INDUSTRY PLAYERS
The primary market players want the product to be well-liked so that both employers and employees can handle their finances with ease. Adding components that would encourage people to save money for emergencies, long-term objectives, and living from pay check to pay check Additionally, to keep prices and expenses under check after retiring. The report also discusses company- and region-specific studies, technological and environmental outcomes, and the consequences and risks of expanding industries. The information's facts could change due to the occasionally shifting circumstances of market participants.
List of Market Players Profiled
- Qilu Pharmaceutical (China)
- Fresenius Kabi AG (Germany)
- Aurobindo Pharma (India)
- Sandoz Inc (Switzerland)
- NCPC (U.S.)
- REYOUNG (China)
- Yuhan Corporation (South Korea)
- LKPC (India)
- Nectar Lifesciences (India)
- Sterile India (India)
- Suanfarma (Mexico)
- Rajasthan Antibiotics (India)
REPORT COVERAGE
The study gives thorough details on market share and industry issues for piperacillin sodium. reveals crucial information about the prospects for industry business. Businesses can have a better understanding of the industry's general growth and decline by looking at the market size. Market participants are having trouble finding and keeping employees, increasing reshoring, and adjusting to COVID-19. The difficulties the sector is currently facing and the companies addressing them are highlighted in the final product. The study offers in-depth analysis of the market shares, business plans, product lines, legal standing, patent landscape, and manufacturing prowess of the major players.
REPORT COVERAGE | DETAILS |
---|---|
Market Size Value In |
US$ 194.7 Million in 2021 |
Market Size Value By |
US$ 272.4 Million by 2031 |
Growth Rate |
CAGR of 3.4% from 2021 to 2031 |
Forecast Period |
2024-2031 |
Base Year |
2023 |
Historical Data Available |
Yes |
Regional Scope |
Global |
Segments Covered |
Types & Application |
Frequently Asked Questions
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What value is the piperacillin sodium market expected to touch by 2031?
The global piperacillin sodium market is expected to touch USD 272.4 million by 2031.
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What CAGR is the piperacillin sodium market expected to exhibit by 2031?
The piperacillin sodium market is expected to exhibit a CAGR of 3.4% by 2031.
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Which are the driving factors of the piperacillin sodium market ?
Increasing demand in the treatment of various infections and growing number of hospital-acquired infections (HAIs) are the driving factors of the piperacillin sodium market.
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Which are the top companies operating in the piperacillin sodium market?
Qilu Pharmaceutical, Pfizer Healthcare, Fresenius Kabi AG, and Aurobindo Pharma are the top companies operating in the piperacillin sodium market.