Tuesday, 16 March 2021

India Meropenem Market to Grow at a Steady Rate During the Forecast Period - TechSci Research

 Increase in bacterial infections is expected to drive the growth of India meropenem market during the forecast period.

According to TechSci Research report, India Meropenem Market By Product Type (Meropenem Sodium v/s Meropenem Trihydrate), By Source (In-house v/s Contract Manufacturing Organizations), By Dose (500 mg/vial v/s 1gm/vial), By Distribution Channel (Online v/s Offline), By Application (Skin and Skin Structure Infection, Intra-abdominal Infection, Meningitis, Nosocomial Infection and Others), By End User (Adult v/s Pediatric), By Company, By Region, Forecast & Opportunities, FY2026, the India meropenem market is expected to grow at a steady rate during the forecast period on account of growing patient awareness. Also, increase in number of pharmaceutical manufacturers in the country is creating growth opportunities for meropenem market over the forecast period. Moreover, the application of Meropenem in the treatment of febrile neutropenia is anticipated to accelerate the growth of the meropenem market through FY2026. Besides, the drug is approved for complicated skin and skin structure infections, intra-abdominal infections as well as bacterial meningitis. Favorable government policies is expected to drive the market growth in the forthcoming years. Furthermore, common side effects due to the consumption of meropenem include nausea, diarrhea, constipation, headache, rash, and pain at the site of injection, among others which might hamper the growth of India meropenem market in the years to come.



Browse XX market data Tables and XX Figures spread through XXX Pages and an in-depth TOC on "India Meropenem Market"

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The India meropenem market is segmented based on product type, source, dose, distribution channel, application, end user, company, and region. Based on distribution channel, the market can be fragmented into online v/s offline. The offline channel is expected to dominate the market which is attributable to several benefits it offers such as consumers can inspect and examine merchandise by themselves. The online segment is forecast to register high growing CAGR over the next few years. This can be ascribed to the development of numerous online pharmacies and doorstep drug delivery in the country. Based on source, the market is segmented into in-house and contract manufacturing organizations. The in-house segment dominated the market until FY2020 as majority of the key players operating in the market prefer in house production owing to the reduced dependency on suppliers. In addition to this, in-house production can provide fast and flexible response to market changes which is further expected to contribute to the segmental growth during the forecast period.

Blue Cross Laboratories Ltd, Coral Pharmaceuticals (P) Ltd., Lincoln Pharmaceuticals Ltd., Intra Labs India Pvt. Ltd., United Biotech Pvt. Ltd., Cipla Ltd., Taj Pharmaceuticals Ltd., Macleods Pharmaceuticals Ltd., Baxter India Pvt. Ltd., AstraZeneca Pharma India Ltd, and others are some of the leading players operating in India meropenem market. The key market players operating in the market are using organic strategies such as product launches, mergers and acquisitions, research collaborations, joint ventures to boost their market share and to expand their geographic reach. Along with this, supportive policy for the pharmaceutical industry is anticipated to aid the current market of meropenem.

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“India meropenem market is expected to witness steady growth in the coming years on account of growing requirement for bacteriostatic drugs. Furthermore, application of this API drug for treating sepsis and anthrax is further expected to positively influence the market growth. Also, continuous innovation in the field of meropenem drugs for treating bacterial infections is another key factor which is expected to create lucrative opportunities for the market over the next five years.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

India Meropenem Market By Product Type (Meropenem Sodium v/s Meropenem Trihydrate), By Source (In-house v/s Contract Manufacturing Organizations), By Dose (500 mg/vial v/s 1gm/vial), By Distribution Channel (Online v/s Offline), By Application (Skin and Skin Structure Infection, Intra-abdominal Infection, Meningitis, Nosocomial Infection and Others), By End User (Adult v/s Pediatric), By Company, By Region, Forecast & Opportunities, FY2026”, has evaluated the future growth potential of India meropenem market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities in India meropenem market.

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