Defined as an extended spectrum ureidopenicillin, piperacillin is an antibiotic that is used for treating moderate-to-severe infections due to susceptible organisms. A polar side chain is incorporated in the chemical structure of piperacillin. It can enhance penetration into gram-negative bacteria. The major factor driving the global piperacillin acid (CAS 61477-96-1) market is the growing prevalence of bacterial infections. In most countries, governments are encouraging medicine production and giving grants to pharmaceutical companies for research. The concept of personalized medicine due to allergies of patients is also rising, contributing to the growth of the global piperacillin acid (CAS 61477-96-1) market.
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Due to COVID-19, the healthcare sector has changed all over the world. In diagnosed cases, infection level can range from mild, moderate, severe, and critical. Experiments are going on with the aim to develop either medicine or vaccine for COVID-19. With doctors and research professionals all over the world trying cure people using different medicines, certain experiments have been and still are being carried out with piperacillin acid. Piperacillin is commonly being used for treating critically ill patients who are in intensive care unit (ICU) and so far, the results have been positive. The outcome thus indicates substantial growth prospects for global piperacillin acid (CAS 61477-96-1) market over the period of next eight years.
The global piperacillin acid (CAS 61477-96-1) market accounted for US$ 250.75 Mn in 2020, and is expected to grow at a CAGR of 4.9% during the forecast years (2021-2029).
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The detailed research study provides qualitative and quantitative analysis of global piperacillin acid (CAS 61477-96-1) market. The market has been analyzed from demand as well as supply side. The demand side analysis covers market revenue across regions and further across all the major countries. The supply side analysis covers the major market players and their regional and global presence and strategies. The geographical analysis done emphasizes on each of the major countries across North America, Europe, Asia Pacific, Middle East & Africa and Latin America.
Key Findings of the Report:
- During the forecast period, 97% pure piperacillin acid segment is expected to register highest CAGR in the global piperacillin acid (CAS 61477-96-1) market. Piperacillin acid, which is of the purity level with 97%, possess the ability to be customized according to specific requirements.
- In terms of distribution channels, higher share in the global piperacillin acid (CAS 61477-96-1) market in 2020 was held by offline distribution channels, such as retail stores. Several big pharmaceutical companies are investing in their own stores for branding and are also collaborating with medical retailers in order increase the distribution and reach of their medicines, which is aiding the segment’s growth.
- In 2020, North America was the biggest region in the global piperacillin acid (CAS 61477-96-1) market due to presence of many key market players in USA and Canada. During the forecast period, Asia Pacific region is estimated to witness fastest growth due to rising medical sector, medical tourism, and the availability of affordable medical treatments, especially in countries like India, Japan, and Singapore.
- Some of the major players operating in the global piperacillin acid (CAS 61477-96-1) market are AK Scientific Inc., ALB Technology Limited., BOC Sciences, Glentham Life Sciences Limited, GoldBio, hairuichem.com, Jiangxi Fushine Pharmaceutical Co. Ltd., Jigs chemical, LGC Limited, LKT Laboratories, mos-chemical.com (MOSINTER GROUP LIMITED), MuseChem, Targetmol, Thermo Fisher Scientific (Alfa Aesar), TOKU-E, and United States Biological amongst others.
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Global Piperacillin Acid (CAS 61477-96-1) Market:
- By Purity
- By Application
- Respiratory Tract Infections
- Skin And Skin Structure Infections
- Urinary Tract Infections
- Intra-Abdominal Infections
- Community-acquired Pneumonia
- Clinical In-Vitro Microbiological Antimicrobial Susceptibility Tests (Panels, Discs, and MIC Strips)
- Plant Biology
- By End Users
- Research Institutions
- Pharmaceutical & Drug Manufacturing Companies
- By Distribution Channel
- By Region
- North America
- Rest of North America
- The UK
- Nordic Countries
- Benelux Union
- The Netherlands
- Rest of Europe
- Asia Pacific
- New Zealand
- South Korea
- Southeast Asia
- Rest of Southeast Asia
- Rest of Asia Pacific
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
- Latin America
- Rest of Latin America
- North America
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