Europe Antibiotics Market Size at Steady 2.8% CAGR to Surpass USD 14 Billion by 2030

Published | 09 December 2024

Europe Antibiotics Market is booming primarily due to the escalating prevalence of infectious diseases, an aging population, and improved diagnostic capabilities.

BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated Europe Antibiotics Market size by value at USD 12 billion in 2023. During the forecast period between 2024 and 2030, BlueWeave expects Europe Antibiotics Market size to grow at a steady CAGR of 2.8% reaching a value of USD 14.4 billion by 2030. The Antibiotics Market in Europe is propelled by the escalating global health burden of infectious diseases. It is evident in the alarming surge of 4,500 hepatitis A cases in Europe in 2022 and the annual toll of 65,000 lives lost to antimicrobial-resistant bacterial infections. The market is further propelled by the expansion of established antibiotic products, strategic partnerships for novel antibiotic introductions, and substantial R&D investments by pharmaceutical giants like AbbVie, Pfizer, and Merck. The prevalence of chronic conditions, such as COPD, affecting over 36 million Europeans in 2020, exacerbates the demand for antibiotics. The ongoing innovation in infectious disease treatments, coupled with the urgent need to combat antimicrobial resistance, presents significant growth opportunities. Furthermore, the COVID-19 pandemic accelerated antibiotic usage, particularly for treating bacterial infections in COVID-19 patients, providing a further boost to the expansion of Europe Antibiotics Market.

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France Holds Major Market Share in Europe Antibiotics Market

France continues to hold the largest share of the Europe Antibiotics Market, primarily attributed to a high demand for outpatient prescriptions. The country’s dominance in the market is expected to persist over the forecast period. While significant efforts are underway to address the growing concern of antimicrobial resistance, antibiotic usage in outpatient settings remains elevated. A 2022 study by the National Center for Biotechnology Information (NCBI) highlights this trend, ranking France as the fourth-largest consumer of antibiotics in outpatient settings in 2019. With a consumption rate of over 23.0 defined daily doses (DDD) per 1,000 people daily, France surpasses the European average by more than 25%.

Impact of Escalating Geopolitical Tensions on Europe Antibiotics Market

Intensifying geopolitical tensions could have a multifaceted impact on Europe Antibiotics Market. Disruptions in global supply chains, particularly those reliant on key API suppliers from major global producers located in China and India, could lead to shortages and price increases. Moreover, geopolitical uncertainties may hinder international collaborations in research and development, slowing innovations and limiting access to essential antibiotics. It, in turn, could exacerbate the growing threat of antimicrobial resistance.

Competitive Landscape

Europe Antibiotics Market is highly fragmented, with numerous players serving the market. Major companies dominating the market include Novartis, GlaxoSmithKline (GSK), Pfizer, Bayer, Sanofi, Roche, Teva Pharmaceutical Industries, Stada Arzneimittel, Menarini Group, and Recordati. The key marketing strategies adopted by the players are facility expansion, product diversification, alliances, collaborations, partnerships, and acquisitions to expand their customer reach and gain a competitive edge over their competitors in Europe Antibiotics Market.

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The report's in-depth analysis provides information about growth potential, upcoming trends, and Europe Antibiotics Market statistics. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in Europe Antibiotics Market along with industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyses the growth drivers, challenges, and competitive dynamics of the market.

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