India Erythromycin Market to be Dominated By Offline Segment during the Forecast Period
High prevalence of bacterial
infections is expected to drive the growth of India Erythromycin market during
the forecast period.
According
to TechSci Research report, “India Erythromycin Market By Composition
(Erythromycin Estolate v/s Erythromycin Stearate), By Application (Respiratory
Tract Infections, Eye Infections, Ear Infections, Skin and Soft Tissue
Infection, Gastro-intestinal Infections and Others), By Source (In-house v/s
Contract Manufacturing Organizations), By Form (Gel, Tablet, Capsule,
Injection, Ointment, Ear and Eye Drops), By Distribution Channel (Online v/s
Offline), By Route of Administration (Oral, Topical, Intravenous, Otic and
Ophthalmic), By End User (Adult v/s Paediatric), By Company, By Region,
Forecast & Opportunities, FY2026”, the India erythromycin market is expected to grow at a substantial
rate during the forecast period. Erythromycin is used to treat chest infections
such as pneumonia. Moreover, erythromycin topical preparations are applied on
the skin to reduce acne which is expected to fuel the market growth through
FY2026. In addition to this, the application of this drug during pregnancy in
order to prevent Group B streptococcal infection in the newborn is further
forecasted to rev up the market through FY2026. However, side-effects
associated with drug consumption such as nausea, loss of appetite, diarrhea,
and abdominal pain can restrict the market growth over the next few years. Also,
availability of alternatives such as azithromycin in the market can also act as
a major impediment to the growth of India erythromycin Market in forthcoming
years.
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The India erythromycin market is segmented based on composition, application, source, form,
distribution channel, route of administration, end user, company, and
region. In terms of distribution channel, the market is split into online and
offline. The online channel is expected to register high growth CAGR in the
market over the coming years as online pharmacies offer better pricing as
compared to offline stores along with increased access, convenience and greater
anonymity for consumers. Based on source, the market can be categorized into in-house
v/s contract manufacturing organizations. The in-house segment dominated the
market until FY2020 because keeping manufacturing in-house provides a lot of
flexibility to change the product. Contract manufacturing organizations segment
is expected to witness significant growth in the market on account of certain operational
advantages of contract manufacturing especially when the demand for a specific
product is high in the market and that contract manufacturer provides
additional production capacity to satisfy the customer demand.
Lupin Laboratories Ltd., Unicure
India Private Ltd., Alkem Laboratories Ltd., Dr. Reddy’s Laboratories Ltd.,
Centurion Laboratories Private Ltd., Milan Laboratories India Pvt. Ltd.,
Systopic Laboratories Pvt. Ltd., Anuh Pharma Ltd., Envee Drugs Pvt. Ltd., Halycon
Labs Private Limited and
others are some of the leading players operating in India erythromycin market.
Companies operating in the market are using strategies such as product
launches, mergers and acquisitions and research collaborations to boost their
share and increase their geographic reach.
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“India erythromycin market is expected to
witness substantial growth during the forecast period on account of upsurge in
count of regulatory approvals of drugs by regulatory agencies so that medical
needs of the patients can be addressed well. Also, increasing prevalence of
skin and soft tissue infections in India is further expected to create
lucrative opportunities for the market growth of erythromycin market over the
next five years.” said Mr. Karan Chechi, Research Director with
TechSci Research, a research based India management consulting firm.
“India Erythromycin Market By Composition
(Erythromycin Estolate v/s Erythromycin Stearate), By Application (Respiratory
Tract Infections, Eye Infections, Ear Infections, Skin and Soft Tissue
Infection, Gastro-intestinal Infections and Others), By Source (In-house v/s
Contract Manufacturing Organizations), By Form (Gel, Tablet, Capsule,
Injection, Ointment, Ear and Eye Drops), By Distribution Channel (Online v/s
Offline), By Route of Administration (Oral, Topical, Intravenous, Otic and
Ophthalmic), By End User (Adult v/s Paediatric), By Company, By Region,
Forecast & Opportunities, FY2026”, has evaluated the future growth potential of India erythromycin
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 erythromycin market.
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