In 2023, the azithromycin market in Asia experienced a positive price growth in the first and second quarters. This was driven by declining inventories, rising demand from end-users, and a recovery in production potential after the Lunar holiday season in China. In Europe, the market remained stagnant in the first quarter, but saw significant price incline in the second quarter due to increased demand from domestic and international players, along with rising energy production costs due to the Russia-Ukraine war. The North American market followed a similar trend, with gradual price increases supported by consistent demand, and further influenced by increased production activities and surging energy costs.
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Definition
Azithromycin is an antibiotic belonging to the macrolide class, commonly used to treat various bacterial infections. It is derived from erythromycin and exhibits a broader spectrum of activity. Azithromycin works by inhibiting bacterial protein synthesis, thereby preventing the growth and spread of bacteria. One of its key properties is its long half-life, allowing for once-daily dosing, making it convenient for patients. Azithromycin is effective against respiratory tract infections, skin infections, sexually transmitted diseases, and other bacterial infections. It is well-tolerated and suitable for individuals allergic to penicillin, making it a valuable and widely prescribed antibiotic in medical practice.
Key Details About the Azithromycin Price Trend:
Procurement Resource does an in-depth analysis of the price trend to bring forth the monthly, quarterly, half-yearly, and yearly information on the Azithromycin in its latest pricing dashboard. The detailed assessment deeply explores the facts about the product, price change over the weeks, months, and years, key players, industrial uses, and drivers propelling the market and price trends.
Each price record is linked to an easy-to-use graphing device dated back to 2014, which offers a series of functionalities; customization of price currencies and units and downloading of price information as Excel files that can be used offline.
The Azithromycin Price chart, including India Azithromycin price, USA Azithromycin price, pricing database, and analysis can prove valuable for procurement managers, directors, and decision-makers to build up their strongly backed-up strategic insights to attain progress and profitability in the business.
Industrial Uses Impacting the Azithromycin Price Trend:
While azithromycin is primarily known for its medical uses as an antibiotic to treat bacterial infections in humans, it also finds some industrial applications. In veterinary medicine, azithromycin is used to treat bacterial infections in animals, particularly in livestock. Additionally, it is used in the agricultural industry as a growth promoter for livestock. In aquaculture, azithromycin is employed to treat bacterial diseases in fish. Furthermore, azithromycin is utilized in certain industries for research purposes and in microbiology laboratories for susceptibility testing of bacteria. However, its primary and most significant use remains in human medicine, where it plays a crucial role in treating a wide range of bacterial infections.
Key Players:
- Pfizer
- Akron
- Teva
- Zydus Pharmaceuticals
- Sandoz
- Aurbindo Pharma
- CSPC Ouyi Pharmaceutical
- Hainan Poly Pharm
News and Recent Development:
Azithromycin correlated with risk of sudden cardiac death among patients on dialysis: According to studies published in Kidney Medicine, patients on dialysis who got azithromycin treatment were at a higher risk for sudden cardiac death than those who received amoxicillin-based treatment. (Dated: 12 May 2023)
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