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Pharmacy benefit management market
Vancomycin Market REPORT OVERVIEW
The global vancomycin market was 632.53 million USD in 2023 and is projected to touch 1598.68 million USD by 2032, exhibiting a CAGR of 10.85% during the forecast period.
Vancomycin is a glycopeptide antibiotic used to treat methicillin-resistant Staphylococcus aureus infections, including skin infections, sepsis, endocarditis, bone and joint infections, and meningitis. Inflammatory medications are frequently prescribed as a first-line treatment, with the dose being modified based on the patient's blood concentration. To identify the correct dose, blood levels can be tested. It is also prescribed as a therapy for severe Clostridium difficile colitis when taken orally. It is poorly absorbed when administered by mouth. Pain in the injection site and allergic reactions are common adverse effects. Hearing loss, low blood pressure, and bone marrow suppression are all possible side effects. Pregnancy safety is unknown; however, no indication of danger has been discovered. It's also probably safe to use when breastfeeding. It's a glycopeptide antibiotic that acts by preventing the formation of cell walls.
COVID-19 Impact: Increasing Demand from R&D to Foster Market Progress
The COVID-19 epidemic has wreaked havoc on economic and social institutions around the world. The illness has infiltrated the value and supply chains of various businesses, including the vancomycin industry. Lockdowns were imposed by the government on a number of sites. We'll look at both demand and supply to see how the COVID-19 epidemic has affected the global market. To provide a summary, the short- and long-term effects of the COVID-19 pandemic would be investigated. During and after the pandemic, this would aid in the development of business plans for all market participants, including manufacturers, vendors, suppliers, distributors, and end-users.
LATEST TRENDS
"Positive Mechanism of Vancomycin to Foster Market Growth"
Vancomycin's bactericidal effect is mostly due to its suppression of cell-wall production. It hinders the incorporation of N-acetylmuramic acid and N-acetylglucosamine peptide subunits into the peptidoglycan matrix, which is the most important structural component of Gram-positive cell walls. It establishes hydrogen bonds with the peptide terminal D-alanyl-D-alanine moieties, preventing them from being incorporated into the peptidoglycan matrix. It also affects the permeability of bacterial cell membranes and RNA production. Vancomycin and other antibiotics do not have any cross-resistance. In vitro, vancomycin is ineffective against gram-negative bacteria, mycobacteria, and fungi.
Vancomycin Market Segmentation
- By Type Analysis
By type, the market is segmented into Injectable Solution, and Powder for Injection
The Injectable Solution is the leading segment.
- By Application Analysis
Based on applications, the market is classified into Sepsis, Lung Infection, Skin Soft Tissue Infection, Colitis & Intestinal Inflammation, and To Prevent Infection.
The sepsis segment is expected to hold the largest market share. The most common cause of death in this market is sepsis, which is followed by lung infection. In this industry segment, skin soft tissue infection, colitis and intestinal inflammation, and infection prevention have the smallest share.
DRIVING FACTORS
"Research & Development Activities to Foster Market Growth"
The global vancomycin industry is expanding due to the rising antibiotic usage in poor and middle-income countries, pharmaceutical companies' significant investments in R&D, and an increase in the prevalence of infectious diseases. Antibiotic resistance and rising medication approval costs, on the other hand, are expected to stifle market growth. On the contrary, market participants are projected to benefit from the identification of advanced candidate medicines and the release of novel combination medications to treat antibiotic-resistant microbial illnesses.
"Increasing Prevalence of Infections to Promote Growth"
Because of the expanding prevalence of the infection, the market for vancomycin-resistant Staphylococcus Aureus is growing. Other important factors projected to fuel the growth of this market include the expansion of government and non-government awareness programs. The Centers for Disease Control and Prevention, for example, is continually collaborating with hospitals, state local health authorities, and clinical microbiology organizations. VRSA infections can be treated with a variety of commercially available medicines, but the most effective strategy to prevent the spread of VRSA is to maintain basic sanitary conditions such as wound care, hand washing before and after direct contact with patients, and the use of disposable gloves.
RESTRAINING FACTORS
"Side Effects to Impede Market Progress"
Although the value of such monitoring has been questioned, serum vancomycin levels may be monitored in an attempt to prevent side effects. Peak and trough levels are frequently observed, and the area under the concentration curve is sometimes employed for research purposes. The easiest way to detect toxicity is to look at the trough levels. Local pain, which can be severe, and thrombophlebitis are two common adverse medication responses linked with IV vancomycin (which affect about 1% of patients). The early impure forms of vancomycin caused damage to the kidneys (nephrotoxicity) and hearing loss (ototoxicity), which was evident in clinical trials undertaken in the mid-1950s. Later studies utilizing purer versions of vancomycin discovered that nephrotoxicity is a rare side effect (0.1 percent to 1% of patients).
Vancomycin Market REGIONAL INSIGHTS
"Increasing Investments by Prominent Players to Foster Market Growth in North America"
North America is projected to dominate the vancomycin market share because of the increasing frequency of bacterial infections, increased demand for early-phase detection and treatment of infectious disorders, and government assistance for infection prevention are the primary drivers driving the vancomycin market growth. Because of its excellent technical equipment and well-established healthcare infrastructure, North America is likely to dominate the market.
Due to the rising population and incidence of infectious diseases, Europe is predicted to hold the second highest share of the worldwide vancomycin market. Due to rising population and increased healthcare awareness, Asia Pacific is likely to hold a significant proportion of the market.
KEY INDUSTRY PLAYERS
"Incorporation of Strategies for Increasing Product's Adoption to Help Companies Grow"
The vancomycin market is competitive and moderately fragmented. The market under investigation has a significant number of players, including both small and large pharmaceutical companies. Furthermore, rising antibiotic resistance has led a slew of early-stage biotech companies to enter the market. The expiration of patent exclusivity has resulted in large-scale generic manufacture of vancomycin, especially in Asia-emerging Pacific's regions.
INDUSTRY DEVELOPMENT
February 2022: Magnolia Medical Technologies, Inc., the creators of Steripath®, the only FDA 510(k)-cleared device platform indicated to reduce blood culture contamination for sepsis testing1, today announced a $46 million growth equity financing led by RTW Investments, LP ("RTW") and Sectoral Asset Management, with new investor Janus Henderson Investors playing a significant role. The funding included participation from all current key investors, including HealthQuest Capital, Evidity Health Capital, and SightLine Partners.
LIST OF TOP Vancomycin COMPANIES
- LegoChem Biosciences
- Lytix Biopharma
- Alchemia Limited
- Cellceutix Corporation
- NovaBay Pharmaceuticals
- Enanta Pharmaceuticals
- Aphios Corporation
- Nabriva Therapeutics
- Helix BioMedix
- Shenwei Pharmaceutical
- Sealife Pharma
- NovoBiotic Pharmaceuticals
- Zhejiang Haizheng Pharmaceutical
- Oragenics
- CJ CheilJedang
- MicuRx Pharmaceuticals
- Microbiotix.
- Eli Lilly and Company
- Zhejiang Pharmaceutical
- North China Pharmaceutical
- Alvogen
- Xellia Pharmaceuticals ApS
- MGB Biopharma Limited
- VIANEX
- Pfizer
- Taiwan Zhengde Pharmaceutical
REPORT COVERAGE
The research examines the most recent developments and the most profitable categories. It goes through the influence of COVID-19, the driving and restraining elements in detail. It keeps track of the important players' strategies and regional trends. It allows readers to learn about the critical methods that promote market growth.
REPORT COVERAGE | DETAILS |
---|---|
Market Size Value In |
US$ 632.53 Million in 2023 |
Market Size Value By |
US$ 1598.68 Million by 2032 |
Growth Rate |
CAGR of 10.85% from 2023 to 2032 |
Forecast Period |
2024-2032 |
Base Year |
2023 |
Historical Data Available |
Yes |
Regional Scope |
Global |
Segments Covered | |
By Type
|
|
By Application
|
Frequently Asked Questions
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What value is the vancomycin market size expected to touch by 2032?
The vancomycin market size is expected to reach USD 1598.68 million by 2032.
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What CAGR is the vancomycin market size expected to exhibit by 2032?
The vancomycin market size exhibits a CAGR of 10.85% during the forecast period 2032.
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Which are the driving factors of the vancomycin market?
Increasing prevalence of infections and R&D activities are the driving factors of this vancomycin market.
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Which are the top companies operating in the vancomycin market?
Sealife Pharma, Zhejiang Haizheng Pharmaceutical, Alvogen, MGB Biopharma Limited, Taiwan Zhengde Pharmaceutical, Oragenics, Aphios Corporation, CJ CheilJedang, Microbiotix are the top companies operating in the vancomycin market.