Erythromycin Market - Size, Share, Outlook, and Forecast till 2026
Posted by Vipin Prakash Mishra on June 13th, 2018
Worldwide Market Reports added Latest Research Report titled “Global Erythromycin Market by Manufacturers, Regions, Product Type and Application, Forecast up to 2026” to its Large Report database.
Get Sample Copy of Research Report:
Increasing prevalence of respiratory tract diseases due to growing volumes of toxic gases being let out in the environment is boosting demand for erythromycin, which in turn is fueling growth of the erythromycin market.
The downside of using this drug is that, it being an over-the-counter drug, it is often used for a variety of other purposes, even in mild cases or for non-bacterial infections. Using any antibiotic when it is not required causes the drug to not function for future infections. People thus, need to switch to other drugs instead of erythromycin. This in turn, poses a major restraint for growth of the erythromycin market.
Increasing number of companies are investing in the development of erythromycin owing to the lucrative opportunities, which in turn is augmenting growth of the erythromycin market.
In November 2017, Teligent, Inc.—a New Jersey-based specialty generic pharmaceutical company—received approval for its abbreviated new drug application (ANDA) from the U.S. FDA of Erythromycin Topical Solution USP, 2%. This approval accounted for Teligent’s eighth approval during the same year and eighteenth approval from its internally-developed pipeline of topical generic pharmaceutical medicines.
In March 2018, Amneal Pharmaceuticals received FDA approval for Erythromycin Tablets USP for strengths of 250 mg and 500 mg. The Amneal product is a therapeutic equivalent for the reference listed drug (RLD) Erythromycin Tablets from Arbor Pharmaceuticals and is the only other immediate release oral tablet available. The company sells its erythromycin tablets in 100-count bottles and has made them available to wholesalers, distributors, and direct to the trade.
Amneal aims at increasing access to affordable medications, and erythromycin tablets being products with limited availability, the company plans to benefit from the growing demand by providing patients and pharmacists with cost-effective options. According to January 2018 IQVIA market data, annual U.S. sales of erythromycin tablets accounted for US$ 84 million.
Get Best Discount on Research report:
Worldwide Market Reports is your one-stop repository of detailed and in-depth market research reports compiled by an extensive list of publishers from across the globe. We offer reports across virtually all domains and an exhaustive list of sub-domains under the sun. The in-depth market analysis by some of the most vastly experienced analysts provide our diverse range of clients from across all industries with vital decision making insights to plan and align their market strategies in line with current market trends. Worldwide Market Research’s well-researched inputs that encompass domains ranging from IT to healthcare enable our prized clients to capitalize upon key growth opportunities and shield against credible threats prevalent in the market in the current scenario and those expected in the near future.
Worldwide Market Reports
Tel: +1 415 871 0703
Visit our website for more details: https://www.worldwidemarketreports.com
Visit our new website for latest News: https://www.industrychronicle.com
Like it? Share it!
About the AuthorVipin Prakash Mishra
Joined: February 28th, 2018
Articles Posted: 56
More by this author