Fri. Dec 3rd, 2021

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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