India Ofloxacin Market to grow at a steady rate During the Forecast Period
Growing need for advanced
drugs to treat bacterial infection is expected to drive the growth of India
ofloxacin market.
According
to TechSci Research report, “India Ofloxacin Market By Source (In-house v/s
Contract Manufacturing Organizations), By Form (Tablet, Capsule, Cream, Syrup,
Injection, Eye and Ear Drops), By Route of Administration (Oral, Intravenous, Topical,
Ophthalmic and Otic), By Distribution Channel (Online v/s Offline), By
Application (Chronic Bronchitis, Conjunctivitis, Acute Otitis Media, Skin
Infections, Urinary Tract Infections and Cervical Gonorrhoea), By End User
(Adult v/s Paediatric), By Company, By Region, Forecast & Opportunities,
FY2026”, the India ofloxacin market
is expected to grow at a steady rate during the forecast period on account of growing
patient awareness. Also, increase in number of pharmaceutical manufacturers in
the country is creating growth opportunities for ofloxacin market over the
forecast period. Moreover, ofloxacin offers certain benefits such as good oral
absorption, easier tissue penetration, easier dosage of once and twice a day
and broad spectrum activity against various pathogenic bacterial strain. These
factors are anticipated to accelerate the growth of the ofloxacin market through
FY2026. Favorable government policies is expected to drive the market growth in
the forthcoming years. Furthermore, surging prevalence of infectious diseases
across the country such as bronchitis, pneumonia, bladder and urinary tract and
prostate infections, among others is making headway for the growth of India ofloxacin
market in the years to come. However, increased risk of the tendon rupture in
all age might restrict the market growth over the next few years.
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The India ofloxacin market is segmented based on source, form, route of administration,
distribution channel, application, end user, company, and
region. Based on distribution channel, the market can be fragmented into online
v/s offline. The offline channel is expected to dominate the market which is
attributable to several benefits it offers such as consumers can inspect and
examine merchandise by themselves. The online segment is forecasted to register
high growing CAGR over the next few years. This can be ascribed to the
development of numerous online pharmacies and doorstep drug delivery in the
country. Based on application, the market is segmented into chronic bronchitis,
conjunctivitis, acute otitis media, skin infections, urinary tract infections
and cervical gonorrhea. Out of which, the skin infections segment is forecasted
to register significant growth in the upcoming years, on account of growing
population count having skin infections in the country.
Alkem Laboratories Ltd., Avalanche
Pharmaceutical Pvt. Ltd., Bestochem Formulations (India) Ltd., Bennet
Pharmaceuticals Ltd., Emcure Pharmaceuticals Ltd., Wockhardt Limited, Intra
Labs India Pvt. Ltd., Melody
Healthcare Pvt. Ltd., Lupin Laboratories Ltd., Zydus Cadila Healthcare Ltd, and
others are some of the leading players operating in India ofloxacin market. The
key market players operating in the market are using organic strategies such as
product launches, mergers and acquisitions, research collaborations, joint
ventures to boost their market share and to expand their geographic reach.
Along with this, supportive policy for the pharmaceutical industry is
anticipated to aid the current market of ofloxacin.
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“India ofloxacin market is expected to
witness steady growth in the coming years on account of growing requirement for
bacteriostatic drugs. Furthermore, application of this API drug for treating community-acquired
pneumonia is further expected to positively influence the market growth. Also,
continuous innovation in the field of ofloxacin drugs for treating bacterial
infections is another key factor which is expected to create lucrative
opportunities for the market growth over the next five years.”
said Mr. Karan Chechi, Research Director with TechSci Research, a research
based India management consulting firm.
“India Ofloxacin Market By Source (In-house v/s
Contract Manufacturing Organizations), By Form (Tablet, Capsule, Cream, Syrup,
Injection, Eye and Ear Drops), By Route of Administration (Oral, Intravenous,
Topical, Ophthalmic and Otic), By Distribution Channel (Online v/s Offline), By
Application (Chronic Bronchitis, Conjunctivitis, Acute Otitis Media, Skin
Infections, Urinary Tract Infections and Cervical Gonorrhoea), By End User
(Adult v/s Paediatric), By Company, By Region, Forecast & Opportunities,
FY2026”, has
evaluated the future growth potential of India ofloxacin market and provides
statistics & information on market size, structure and future market
growth. The report intends to provide cutting-edge market intelligence and help
decision makers take sound investment decisions. Besides, the report also
identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in India ofloxacin market.
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