The global antibiotics market size reached $47.4B in 2021, according to a report from Research & Markets. The report projects that the market will reach $61.5B by 2027, exhibiting a CAGR of 4.44% during 2021-2027.
The growing prevalence of infectious diseases, such as malaria, tuberculosis, pneumonia, and acquired immunodeficiency syndrome (AIDS), along with the easy availability of generic medicines, represents one of the major factors positively influencing the demand for antibiotics.Moreover, the topical application of antibiotics offers reduced potential for systemic absorption and toxicity and minimizes the risk of surgical site infections. Consequently, the rising number of surgical procedures is increasing the sales of antibiotics to prevent incision infection.