Daptomycin Market: Global Industry Analysis and Forecast (2024-2030)
Daptomycin Market size was valued at USD 3.81 Bn. in 2023 and the Daptomycin revenue is expected to grow at a CAGR of 3.73% from 2024 to 2030, reaching nearly USD 4.92 Bn. by 2030.
Format : PDF | Report ID : SMR_2065
Daptomycin Market Overview:
Daptomycin is the first new natural-product antibiotic launched in a generation. It was licensed first for skin and soft tissue infections (SSTIs) and, more recently, for staphylococcal bacteraemia and endocarditis. Antibiotics are used to treat bacterial infections. They act by either killing germs or preventing microbial growth. Such major and remarkable aspects are notable as a high occurrence of skin and skin structure infections, growing number of patients, increased influence of antibacterial medicine and bacterial metabolite as well as a member of calcium dependent antibiotics, which include emergence into blood stream with sepsis among other things only when they are under some conditions like improved healthcare systems.
Today's growing methicillin-resistant gram-positive bacteria, like MRSA, portend disastrous developments for the development of potent antibiotics like daptomycin. Adoption of daptomycin is aided by heightened patient and healthcare provider awareness of the risks associated with antibiotic resistance and the drug's efficacy. The medicinal uses of daptomycin are increased by ongoing research and development endeavours, clinical studies investigating novel applications, and new combinations. All these factors are propelling the growth of the Daptomycin Market.
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Daptomycin Market Dynamics:
Antibiotic Resistance and Aging Population are Driving the Growth of Daptomycin Market.
The increasing prevalence of antibiotic resistance, particularly to classical antibiotics, is driving up the demand for daptomycin because it remains resistant to these resistant strains. As endocarditis, bacteraemia and complicated skin and skin structure infections (cSSSI) have become more common, the use of daptomycin across various conditions has broadened its reach into new markets. In view of the susceptibility of older people to infections and their outcomes, serious bacterial infections are increasingly fought with daptomycin. As a result of government programs and funding aimed to prevent resistance to antibiotics and bolster the search for new antibiotics, daptomycin's market is growing.
The market is being propelled forward largely through ongoing clinical trials on Daptomycin's potential uses and through ongoing research that seeks to further elucidate aspects of the drug. The need for efficient antibiotics like daptomycin is increased by the rise of hospital acquired infections (HAIs), which are frequently brought on by organisms that are resistant to several drugs. Also, use of daptomycin is facilitated by growing awareness among patients and health care providers about its effectiveness in the treatment of infections caused by bacteria that are resistant to treatment with other antibiotics. All these factors are driving the growth of the Daptomycin Market.
High Cost and Potential Adverse Effects Hamper the Growth of the Market.
In comparison to other antibiotics, daptomycin is rather expensive and this limits its use especially where healthcare resources are stretched thin. It is prescribed carefully by healthcare providers because it comes with side effects such as kidney damage or muscle pain even though they are rare in practice. However, the drug loses its potency as time goes by because of bacterial resistance that require development of novel drugs or alternative treatment methods. Newer and emerging antimicrobials face stiff competition because they have better results just like older established anti-infective do, only that they come at an affordable rate or with lesser undesirable effects.
Strict legal rules exist in the development and introduction of such antibiotics leading to delays before they can reach new formulations or usages. Daptomycin is approved to treat some types of infections. It has less market potential compared to broad-spectrum antibiotics because it is reserved for specific uses. All these factors affect the growth of Daptomycin Market.
Daptomycin Market Segment Analysis:
By Age Group, the Daptomycin Market is divided into Paediatrics and Adults segments. The use of daptomycin in treating adult patients with bacteraemia and right-sided infective endocarditis was the reason for the highest market revenue level in the market. Common diseases like COPD, heart disease, and diabetes raise the risk of infections that need to be treated with powerful antibiotics like daptomycin. Daptomycin is a safer option for elderly people by reducing adverse effects with enhanced supportive care and monitoring methods. Moreover, during the forecast period it is expected that increased adult knowledge on diseases such as ulcerative colitis and periodontitis is anticipated to fuel growth. With all these factors together are driving the growth of the segment in the market.
Daptomycin Market Regional Insight:
North America, dominates the Daptomycin Market. It is characterised by various factors that influence its growth and adoption of Daptomycin in the region. One important factor is the frequency of drug-resistant infections, such as vancomycin-resistant enterococci (VRE) and MRSA. Daptomycin is an essential antibiotic in treatment regimens because of its potency against these resistant bacteria. North America has access to state of the art medical treatments and technologies, as well as a highly developed healthcare system. This infrastructure facilitates the broad use of sophisticated antibiotics such as daptomycin.
Prominent research institutes and pharmaceutical businesses that heavily spend in the development of novel antibiotics and formulations are located in the region. Constant research and development works to increase daptomycin's market potential. The government has launched several significant programmes, including financing for R&D, to prevent antibiotic resistance. Antibiotic innovation is supported by initiatives such as CARB-X (Combating Antibiotic-Resistant Bacteria Biopharmaceutical Accelerator). All these factors are fuelling the growth of the Daptomycin Market in the region.
Daptomycin Market Competitive Landscape:
- May 2024, Dr. Reddy’s Laboratories launched a generic version of daptomycin for injection in the U.S. market. This product, a 500mg single-dose vial, is a therapeutic equivalent to Cubicin and has been approved by the FDA. This launch is anticipated to increase market competition and improve accessibility for healthcare providers and patients.
- May 2024, Merck initiated a recall of their Cubicin (daptomycin) product due to contamination with particulate matter identified as glass. This recall highlights the critical importance of stringent quality control measures in pharmaceutical manufacturing to ensure patient safety?(FDA).
- June 2024, leading pharmaceutical companies, including Teva Pharmaceuticals, Merck, Pfizer, and Cipla, are investing significantly in research and development. These efforts aim to expand their product lines, improve treatment outcomes, and address emerging challenges in antibiotic resistance.
Daptomycin Market Scope:
Daptomycin Market |
|
Market Size in 2023 |
USD 3.81 Bn. |
Market Size in 2030 |
USD 4.92 Bn. |
CAGR (2024-2030) |
3.73 % |
Historic Data |
2018-2022 |
Base Year |
2023 |
Forecast Period |
2024-2030 |
Segments |
By Age Group Paediatrics Adults |
By Indication Complicated Skin Structure Infections Bacteraemia |
|
By Strength 350mg 500mg |
|
Regional Scope |
North America- United States, Canada, and Mexico Europe – UK, France, Germany, Italy, Spain, Sweden, Russia, and Rest of Europe Asia Pacific – China, India, Japan, South Korea, Australia, ASEAN, Rest of APAC Middle East and Africa - South Africa, GCC, Egypt, Rest of the Middle East and Africa South America – Brazil, Argentina, Rest of South America |
Daptomycin Market Key Players:
- Teva Pharmaceutical Industries
- Merck & Co.
- Cipla
- Pfizer
- BE Pharmaceuticals
- Reddy’s Laboratories
- Gland Pharma
- Xellia Pharmaceuticals
- GlaxoSmithKline Pharmaceuticals
- Sun Pharma
- Intas Pharmaceuticals
- Basic Pharma
- Ace Pharmaceuticals
- Hikma Pharmaceuticals
- Abbott
- Ajanta Pharma
- Alembic
- Alkem
- AstraZeneca
- Cadila Pharmaceuticals
Frequently Asked Questions
High Cost and Potential Adverse Effects is the challenge in the Daptomycin Market.
The Market size was valued at USD 3.73 Billion in 2023 and the total Market revenue is expected to grow at a CAGR of 3.73 % from 2024 to 2030, reaching nearly USD 4.92 Billion.
The segments covered in the market report are by Age Group, Indication and Strength.
1. Research Methodology
1.1 Research Data
1.1.1. Primary Data
1.1.2. Secondary Data
1.2. Market Size Estimation
1.2.1. Bottom-Up Approach
1.2.2. Top-Down Approach
1.3. Market Breakdown and Data Triangulation
1.4. Research Assumption
2. Daptomycin Market: Executive Summary
2.1. Market Overview
2.2. Market Size (2023) and Forecast (2024 – 2030) and Y-O-Y%
2.3. Market Size (USD) and Market Share (%) – By Segments and Regions
3. Global Daptomycin Market: Competitive Landscape
3.1. SMR Competition Matrix
3.2. Key Players Benchmarking
3.2.1. Company Name
3.2.2. Headquarter
3.2.3. Product Segment
3.2.4. End-user Segment
3.2.5. Y-O-Y%
3.2.6. Revenue (2023)
3.2.7. Profit Margin
3.2.8. Market Share
3.2.9. Company Locations
3.3. Market Structure
3.3.1. Market Leaders
3.3.2. Market Followers
3.3.3. Emerging Players
3.4. Consolidation of the Market
3.4.1. Strategic Initiatives and Developments
3.4.2. Mergers and Acquisitions
3.4.3. Collaborations and Partnerships
4. Daptomycin Market: Dynamics
4.1. Daptomycin Market Trends by Region
4.1.1. North America
4.1.2. Europe
4.1.3. Asia Pacific
4.1.4. Middle East and Africa
4.1.5. South America
4.2. Daptomycin Market Drivers
4.3. Daptomycin Market Restraints
4.4. Daptomycin Market Opportunities
4.5. Daptomycin Market Challenges
4.6. PORTER’s Five Forces Analysis
4.6.1. Intensity of the Rivalry
4.6.2. Threat of New Entrants
4.6.3. Bargaining Power of Suppliers
4.6.4. Bargaining Power of Buyers
4.6.5. Threat of Substitutes
4.7. PESTLE Analysis
4.7.1. Political Factors
4.7.2. Economic Factors
4.7.3. Social Factors
4.7.4. Technological Factor
4.7.5. Legal Factors
4.7.6. Environmental Factors
4.8. Technological Roadmap
4.9. Value Chain Analysis
4.10. Regulatory Landscape by Region
4.10.1. North America
4.10.2. Europe
4.10.3. Asia Pacific
4.10.4. Middle East and Africa
4.10.5. South America
5. Daptomycin Market: Global Market Size and Forecast by Segmentation (by Value in USD Million) (2023-2030)
5.1. Daptomycin Market Size and Forecast, by Age Group (2023-2030)
5.1.1. Paediatrics
5.1.2. Adults
5.2. Daptomycin Market Size and Forecast, by Indication (2023-2030)
5.2.1. Complicated Skin Structure Infections
5.2.2. Bacteraemia
5.3. Daptomycin Market Size and Forecast, by Strength (2023-2030)
5.3.1. 350mg
5.3.2. 500mg
5.4. Daptomycin Market Size and Forecast, by Region (2023-2030)
5.4.1. North America
5.4.2. Europe
5.4.3. Asia Pacific
5.4.4. Middle East and Africa
5.4.5. South America
6. North America Daptomycin Market Size and Forecast by Segmentation (by Value in USD Million) (2023-2030)
6.1. North America Daptomycin Market Size and Forecast, by Age Group (2023-2030)
6.1.1. Paediatrics
6.1.2. Adults
6.2. North America Daptomycin Market Size and Forecast, by Indication (2023-2030)
6.2.1. Complicated Skin Structure Infections
6.2.2. Bacteraemia
6.3. North America Daptomycin Market Size and Forecast, by Strength (2023-2030)
6.3.1. 350mg
6.3.2. 500mg
6.4. North America Daptomycin Market Size and Forecast, by Country (2023-2030)
6.4.1. United States
6.4.2. Canada
6.4.3. Mexico
7. Europe Daptomycin Market Size and Forecast by Segmentation (by Value in USD Million) (2023-2030)
7.1. Europe Daptomycin Market Size and Forecast, by Age Group (2023-2030)
7.2. Europe Daptomycin Market Size and Forecast, by Indication (2023-2030)
7.3. Europe Daptomycin Market Size and Forecast, by Strength (2023-2030)
7.4. Europe Daptomycin Market Size and Forecast, by Country (2023-2030)
7.4.1. United Kingdom
7.4.2. France
7.4.3. Germany
7.4.4. Italy
7.4.5. Spain
7.4.6. Sweden
7.4.7. Russia
7.4.8. Rest of Europe
8. Asia Pacific Daptomycin Market Size and Forecast by Segmentation (by Value in USD Million) (2023-2030)
8.1. Asia Pacific Daptomycin Market Size and Forecast, by Age Group (2023-2030)
8.2. Asia Pacific Daptomycin Market Size and Forecast, by Indication (2023-2030)
8.3. Asia Pacific Daptomycin Market Size and Forecast, by Strength (2023-2030)
8.4. Asia Pacific Daptomycin Market Size and Forecast, by Country (2023-2030)
8.4.1. China
8.4.2. India
8.4.3. Japan
8.4.4. South Korea
8.4.5. Australia
8.4.6. ASEAN
8.4.7. Rest of Asia Pacific
9. Middle East and Africa Daptomycin Market Size and Forecast by Segmentation (by Value in USD Million) (2023-2030)
9.1. Middle East and Africa Daptomycin Market Size and Forecast, by Age Group (2023-2030)
9.2. Middle East and Africa Daptomycin Market Size and Forecast, by Indication (2023-2030)
9.3. Middle East and Africa Daptomycin Market Size and Forecast, by Strength (2023-2030)
9.4. Middle East and Africa Daptomycin Market Size and Forecast, by Country (2023-2030)
9.4.1. South Africa
9.4.2. GCC
9.4.3. Egypt
9.4.4. Rest of the Middle East and Africa
10. South America Daptomycin Market Size and Forecast by Segmentation (by Value in USD Million) (2023-2030)
10.1. South America Daptomycin Market Size and Forecast, by Age Group (2023-2030)
10.2. South America Daptomycin Market Size and Forecast, by Indication (2023-2030)
10.3. South America Daptomycin Market Size and Forecast, by Strength (2023-2030)
10.4. South America Daptomycin Market Size and Forecast, by Country (2023-2030)
10.4.1. Brazil
10.4.2. Argentina
10.4.3. Rest Of South America
11. Company Profile: Key Players
11.1. Teva Pharmaceutical Industries
11.1.1. Company Overview
11.1.2. Business Portfolio
11.1.2.1. Product Name
11.1.2.2. Product Details
11.1.3. Financial Overview
11.1.3.1. Total Revenue
11.1.3.2. Segment Revenue
11.1.3.3. Regional Revenue
11.1.4. SWOT Analysis
11.1.5. Strategic Analysis
11.1.6. Recent Developments
11.2. Merck & Co.
11.3. Cipla
11.4. Pfizer
11.5. BE Pharmaceuticals
11.6. Reddy’s Laboratories
11.7. Gland Pharma
11.8. Xellia Pharmaceuticals
11.9. GlaxoSmithKline Pharmaceuticals
11.10. Sun Pharma
11.11. Intas Pharmaceuticals
11.12. Basic Pharma
11.13. Ace Pharmaceuticals
11.14. Hikma Pharmaceuticals
11.15. Abbott
11.16. Ajanta Pharma
11.17. Alembic
11.18. Alkem
11.19. AstraZeneca
11.20. Cadila Pharmaceuticals
12. Key Findings
13. Analyst Recommendations
13.1. Strategic Recommendations
13.2. Future Outlook