Neomycin Sulphate Prices

Neomycin Sulphate Prices December 2023

The neomycin sulphate prices in the United States for Q4 2023 reached 11035 USD/MT (USP FDA) in December. The prices dropped due to economic pressures like inflation and escalated interest rates, which dampened consumer spending. Additionally, trade tensions and the accessibility of cheaper imports intensified competition, further reducing market prices and weakening demand in the pharmaceutical and healthcare sectors.

The price trend for neomycin sulphate in China for Q4 2023, reached 10015 USD/MT (USP FDA) in December. The market sentiment was marked by oversupply and fierce competition among manufacturers. Weak manufacturing activity and geopolitical uncertainties contributed to a bearish market outlook, driving prices down amidst a challenging economic landscape and reduced demand both domestically and internationally.

The price trend for neomycin sulphate in Germany for Q4 2023, reached 11840 USD/MT (USP FDA) in December. The prices fell significantly, primarily influenced by high interest rates and a subdued economic environment. While inflation rates eased slightly, consumer spending remained constrained, leading to lower demand in key sectors. The market faced ongoing challenges due to economic pressures and reduced spending capacity.

Neomycin Sulphate Price Trend, Market Analysis, and News

IMARC’s newly published report, titled “Neomycin Sulphate Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data,” offers an in-depth analysis of neomycin sulphate pricing, covering an analysis of global and regional market trends and the critical factors driving these price movements.

It encompasses an in-depth review of spot price of neomycin sulphate at major ports, a breakdown of prices including Ex Works, FOB, and CIF, alongside a region-wise dissection of neomycin sulphate price trend across North America, Europe, Asia Pacific, Latin America, the Middle East and Africa.

The report examines the elements influencing neomycin sulphate price fluctuations, such as changes in raw material costs, supply-demand dynamics, geopolitical factors, and industry-specific developments. Additionally, it integrates the latest market news, providing stakeholders with up-to-date information on market shifts, regulatory changes, and technological advancements, thereby offering a comprehensive overview that aids in strategic decision-making and forecasting.

Neomycin Sulphate Market Analysis

The global neomycin sulphate market size reached US$ 265.2 Million in 2023. By 2032, IMARC Group expects the market to reach US$ 955 Million, at a projected CAGR of 15.30% during 2023-2032.

The effectiveness of neomycin sulphate in the treatment of a number of different types of bacterial infections, including skin infections, gastrointestinal infections, and hepatic encephalopathy, represents one of the key factors driving its market growth. Moreover, neomycin sulphate has the capability to target both gram-positive and gram-negative bacteria. Hence, it is important in the antibiotic toolkit of the healthcare industry, thereby propelling the market growth. For instance, antibiotic usage in India went up from 3.2 billion defined daily doses (DDD) to 6.5 billion in 2015, reflecting increasing economic growth and more access to the medication in both public and private sectors. Another major driver is the growing prevalence of bacterial infections worldwide, which is further boosting the consumption of efficient antimicrobial agents. According to a research article published in The Lancet and WHO report, there were approximately 1.27 million deaths worldwide in 2019 due to bacterial pathogens. Neomycin sulphate as an established antibiotic will continue to be relevant as the antibiotic resistance becomes a larger problem. Furthermore, the veterinary sector also plays a role in the growth of the neomycin sulphate market as it is widely used in veterinary medicine in the treatment of infections in livestock and in pets for animals’ health management, which is economically very important. For instance, according to the data published in 2022 on Global Animal Health Association, there is significant expansion of the veterinary sector, with an expected 41,000 veterinarians be needing in 2030 to meet pet care needs in the USA alone. As per FDA approved standards, a dose of 10 mg neomycin sulfate per pound of body weight in divided doses for a maximum of 14 days is used on cattle (excluding veal calves), whereas a dose of 10 mg neomycin sulfate per pound of body weight per day for 5 days should be administered on turkeys. This double usefulness in human and veterinary medicine strengthens neomycin sulphate’s position in the market of antibiotics across the globe.

Neomycin Sulphate News

The report covers the latest developments, updates, and trends impacting the global neomycin sulphate market, providing stakeholders with timely and relevant information. This segment covers a wide array of news items, including the inauguration of new production facilities, advancements in neomycin sulphate production technologies, strategic market expansions by key industry players, and significant mergers and acquisitions that impact the neomycin sulphate price trend.

Latest developments in the Neomycin Sulphate industry:

• In February 2023, Mumbai-based pharmaceutical company Cipla received approval from the Central Drugs Standard Control Organization (CDSCO) to market plazomicin, an antibiotic, in India for the treatment of complicated urinary tract infections (cUTI), including pyelonephritis (kidney infection).
• In March 2024, Pfizer Inc. announced that the European Commission (EC) has granted marketing authorization for the company’s 20-valent pneumococcal conjugate vaccine, marketed in the European Union under the brand name PREVENAR 20, to help protect infants and children against pneumococcal disease.

Product Description

Neomycin sulphate is an aminoglycoside antibiotic of bacterial origin (from streptomyces fradiae) and is used mainly for preventing or treating bacterial infections. It acts by inhibiting the protein synthesis in bacteria, thus preventing their growth and proliferation. This antibiotic is active against a great number of gram-positive and gram-negative bacteria. Neomycin sulphate is easily obtained in the form of a topical ointment or cream, and an oral preparation, which is used for the treatment of gastrointestinal infections, or in the bowel sterilization before surgery. The compound is characterized by a low intestinal absorption, which makes it possible to use it for treating intestinal infections without significant systemic actions. Moreover, its strong antibacterial properties make it one of the common ingredients found in many creams and ointments, especially in those used in skin infections treatment. But it is associated with nephrotoxicity and ototoxicity when used incorrectly or in high doses.

Regional Coverage

The report provides a detailed analysis of the neomycin sulphate market across different regions, each with unique pricing dynamics influenced by localized market conditions, supply chain intricacies, and geopolitical factors. This includes price trends, price forecast and supply and demand trends for each region, along with spot prices by major ports. The report also provides coverage of ex-works, FOB, and CIF prices, as well as the key factors influencing the neomycin sulphate price trend.

Global Neomycin Sulphate Price

The report offers a holistic view of the global neomycin sulphate pricing trends in the form of neomycin sulphate price charts, reflecting the worldwide interplay of supply-demand balances, international trade policies, and overarching economic factors that shape the market on a macro level. This comprehensive analysis not only highlights the current price but also provides insights into neomycin sulphate historical price trends, enabling stakeholders to understand past fluctuations and their underlying causes.

The report also delves into neomycin sulphate price forecast models, projecting future price movements based on a variety of indicators such as expected changes in supply chain dynamics, anticipated policy shifts, and emerging market trends. By examining these factors, the report equips industry participants with the necessary tools to make informed strategic decisions, manage risks, and capitalize on market opportunities. Furthermore, it includes a detailed neomycin sulphate demand analysis, breaking down regional variations and identifying key drivers specific to each geographic market, thus offering a nuanced understanding of the global pricing landscape.

Europe Neomycin Sulphate Price

During Q4 2023, the neomycin sulphate market in Europe experienced a reduction in prices due to several contributing factors. A combination of weakened consumer sentiment, high interest rates, and plentiful supply influenced the market dynamics. Germany, a significant market, saw reduced inflation rates and lower energy costs, which did not significantly boost consumer spending due to persistently high interest rates. This situation led to decreased demand in the sectors including healthcare and pharmaceutical, further pushing prices down. The European market's overall environment remained affected by economic constraints, limiting consumer capacity and leading to a sustained downward trend in neomycin sulphate pricing.

This analysis can be extended to include detailed neomycin sulphate price information for a comprehensive list of countries.

North America Neomycin Sulphate Price

In Q4 2023, neomycin sulphate prices in North America faced a downturn due to various economic and geopolitical factors. Pressure due both inflation and elevated interest rates weakened purchasing sentiment of consumers, reducing demand in the key sectors like healthcare and pharmaceutical. Trade challenges and disputes, particularly between the U.S. and China, negatively affected the supply chains and elevated costs of transportation, further affecting market prices. In addition, the presence of alternative products fueled the demand downturn. These combined elements created a challenging market environment for neomycin sulphate, with prices trending downward because of decreased consumer confidence and spending capacity across the region.

Specific neomycin sulphate historical data within the United States and Canada can also be provided.

Middle East and Africa Neomycin Sulphate Price

The report explores the neomycin sulphate pricing trends in the Middle East and Africa, considering factors like regional industrial growth, the availability of natural resources, and geopolitical tensions that uniquely influence market prices.

In addition to region-wise data, information on neomycin sulphate prices for countries can also be provided.

Asia Pacific Neomycin Sulphate Price

The neomycin sulphate market in the Asia-Pacific region showed a bearish trend in Q4 2023, driven by low demand and surplus supply. A significant downfall in production activities, especially in China, led to excessive supply and fierce competition among market players. Ongoing geopolitical uncertainties, including tensions in the Middle East, further weakened market conditions. As manufacturing slowed, particularly in China, the largest market for Neomycin Sulphate, suppliers faced reduced orders and an oversupply. These factors, coupled with intense competition among producers, pressured prices downwards, reflecting a challenging period for the market across the APAC region.

This neomycin sulphate price analysis can be expanded to include a comprehensive list of countries within the region.

Latin America Neomycin Sulphate Price

The analysis of neomycin sulphate prices in Latin America provides a detailed overview, reflecting the unique market dynamics in the region influenced by economic policies, industrial growth, and trade frameworks.

This comprehensive review can be extended to include specific countries within the region.

Report Coverage

Key Benefits for Stakeholders:

• IMARC’s report presents a detailed analysis of neomycin sulphate pricing, covering global and regional trends, spot prices at key ports, and a breakdown of Ex Works, FOB, and CIF prices.
• The study examines factors affecting neomycin sulphate price trend, including raw material costs, supply-demand shifts, geopolitical impacts, and industry developments, offering insights for informed decision-making.
• The competitive landscape review equips stakeholders with crucial insights into the latest market news, regulatory changes, and technological advancements, ensuring a well-rounded, strategic overview for forecasting and planning.
• IMARC offers various subscription options, including monthly, quarterly, and biannual updates, allowing clients to stay informed with the latest market trends, ongoing developments, and comprehensive market insights. The neomycin sulphate price charts ensure our clients remain at the forefront of the industry.