Penicillin and Streptomycin Market Top Players, Global Trends, BusinessOpportunities, and Industry Forecast till 2022
“The factors that are playing a major role in the growth of market are rising innovations and government guidelines, growing several infectious diseases, high demand for generics, and increasing investments in research & development.”
Global Penicillin and Streptomycin Market is expected to grow at a significant CAGR in the upcoming period as the scope and its applications are rising enormously across the globe. Penicillin and streptomycin are the antibiotics that are used to avert bacterial contamination of cell cultures due to their active mutual action against gram-negative and gram-positive bacteria. Penicillin is derived from the fungi “Penicillium” and streptomycin from “Streptomyces griseus”. Penicillin-streptomycin solution is exclusively used as a supplement in several types of media like α-MEM (minimum essential medium) growth medium, Dulbecco’s modified eagle′s medium, and RGC (retinal ganglion cells) culture. The factors that are playing a major role in the growth of market are rising innovations and government guidelines, growing several infectious diseases, high demand for generics, and increasing investments in research & development. However, the expiry of patents and strict government policy may restrain overall market growth in the years to come. Penicillin and streptomycin market is segmented based on product type, manufacturing process, route of administration, end-user, and region. Dosage and bulk are the product types that could be explored in penicillin and streptomycin in the forecast period. The semi-synthetic process, synthetic process, and natural process are the manufacturing processes that could be explored in penicillin and streptomycin in the forecast period. Based on the route of administration, intravenous, oral, intramuscular route of administration could classify penicillin and streptomycin in the forecast period. The market could be categorized based on end-users like clinics, hospitals, pharmaceuticals, ambulatory surgical centers, and others that could be explored in the forecast period.