“Global Erythromycin Market, By Product Type (Erythromycin Thiocyanate, Azithromycin, Clarithromycin, Roxithromycin, Others), By End-Use (Human Medication, Veterinary Medication), as well as by Region – Global Forecast 2021 to 2030.”, which offers a comprehensive view of the Global Erythromycin Market through systematic segmentation, covering every aspect of this target market. The 5-year (2021–2026) cumulative revenue of this market is projected to be over $6,641.8 Mn, and is estimated to increase significantly over the latter part of the forecast period.
Erythromycin is an antibiotic used for the treatment of numerous bacterial infections, including, skin infections, respiratory tract infections, syphilis, pelvic inflammatory disease, chlamydia, etc.
On account of the recent COVID-19 outbreak which has been responsible for crippling the global economy, and has resulted in the deaths of numerous individuals belonging to various demographics, the demand for various antibiotics has increased exponentially over the last year. It has also been found that erythromycin is capable of treating certain symptoms of the coronavirus, which has also resulted in a drastic increase in the demand for this product. This is a primary factor that is anticipated to continue to fuel the revenue growth of the global erythromycin market in the years to come. Moreover, as erythromycin is classed by the WHO as an essential form of medication, the price of this product has dropped drastically over time. This is also slated to further compliment the market growth of this global sector in the near future. Furthermore, the increasing prevalence of various contagious bacteria, which have been found to be more prevalent during the warmer months of the year, as well as the growing number of other infections such as STD’s, eye infections, skin infections, etc., that erythromycin is increasing being used as an effective form of treatment. These are some of the other elements that are expected to further augment the global market footprint of this sector, and are also some of the most crucial factors that are anticipated to play a critical role in catapulting the projected revenue of the Global Erythromycin Market to $8,194.9 Mn by 2030, at a CAGR of 5.5%.
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