Azithromycin Price Trend and Forecast

Regional Market Overview

Get the latest insights on price movement and trend analysis of Azithromycin in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).

Azithromycin Price Trend for the October - December of 2023

Asia

In order to counter the recent price hikes in the pharmaceutical sector and to curb the rising medical inflation in the country, the Indian government/ agencies are actively interviewing to increase affordability. Currently, the Supreme Court is addressing objections raised by the All India Drug Action Network on the drug pricing formula, citing concerns about super-profits, exclusion of critical medicines, and insufficient consultation.

Azithromycin Price Chart

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Recently, the Indian National Pharmaceutical Pricing Authority (NPPA) has brought 33 fixed-dose combination drugs under regulation; manufacturers failing to comply with the price cap must reimburse overcharged amounts with interest. This step is all set to control the drug pricing, including Azithromycin prices, in the coming months.

North America

The pharmaceutical industry, including companies like Merck, Bristol-Myers Squibb, and Johnson & Johnson, is countering the US administration's drug price negotiation. The Inflation Reduction Act aims to lower drug costs and requires rebates if prices rise faster than inflation. Multiple lawsuits challenging the constitutionality of the program are in progress, with the industry arguing against unprecedented restrictions on drug prices.

Recently, companies, including Pfizer, Sanofi, and Takeda, plan to raise prices on over 500 drugs, including Azithromycin, starting January 2024 in order to counter the US Administration's publication of discounted prices for ten high-cost drugs. Further, the concerns about supply chain disruptions and rising costs of raw materials and manufacturing are also influencing the global pharmaceutical industry.

Analyst Insight

According to Procurement Resource, the Azithromycin price trend are likely to remain fluctuating in the coming quarter, given the current economic scenario and the pricing fundamentals. The ongoing disagreement between the US administration and the global pharmaceutical giants will greatly affect the global markets.

Azithromycin Price Trend for the July-September of 2023

Asia

Azithromycin is a potent antibiotic drug used for various purposes and symptoms in modern pharmaceuticals. Because of its widespread use, the demands from the consuming sectors are usually stable. During the third quarter, in line with the price forecasts, the Azithromycin prices inclined throughout.

The production costs were high because of inflation, and the disease season in India further escalated the azithromycin demand in the market. With these situations, the azithromycin prices rose consistently on the price graph. Overall, the Azithromycin market outlook was observed to be very positive throughout the said period.

Europe

The azithromycin situation in Europe was not much different from the Azithromycin market in Asia. Along with the consistent demands from the end user and consumer sectors, the growing transportation charges amidst weather disruptions also influenced the azithromycin price trend during the said period. Overall, positive market trend were observed.

North America

Following the other key global markets, the azithromycin prices in America also inclined throughout the said period. As the Chinese supplies were trying to cater to the domestic demand, the American imports struggled too, and thus, amidst a positive supply and demand dynamic, the prices grew consistently during the said period.

Analyst Insight

According to Procurement Resource, the Azithromycin price trend are likely to continue to rise in the coming months, given the stable market fundamentals.

Azithromycin Price Trend for the First Half of 2023

Asia

The azithromycin sector witnessed positive price growth in the first and second quarters of 2023. The rise was gradual in the first quarter but was steep in the second quarter. This upward trajectory in the prices of Azithromycin was supported by the decline in inventories and rising demand from the end-user sector.

Also, after a long period of stagnancy in China due to the lunar holiday season, the market regained its production potential. In the second quarter, the downstream industries raised their number of orders, and with rising inflation rates and soaring energy production prices, the trend of Azithromycin inclined significantly.

Europe

The market for Azithromycin was stagnant in the first quarter of 2023 as the purchasing potential of the pharmaceutical sector and the supply of the product in the region balanced each other. However, in the second quarter, the price trend inclined significantly. In Q2, the demand from the domestic and international players rose remarkably with the positive movement of the regional market. In addition, the ongoing Russia-Ukraine war caused the cost of energy production to rise, and as a result, the price trend of Azithromycin moved swiftly towards a positive trajectory.

North America

The price trend seen in the European region was also followed in North America. In the first quarter, the price trend increased gradually, supported by the consistent demand from the pharmaceutical sector and ease in trading activities.

In the second quarter, the rise in imports from China and increasing production activities of the downstream sector influenced the azithromycin market. In addition to this, the inflation in the region declined, and the energy cost surged, which further supported the azithromycin market.
 
Analyst Insight

According to Procurement Resource, the price of Azithromycin is expected to witness an inclining trajectory as the demand from the downstream industries and the cost of energy production are estimated to rise.

Procurement Resource provides latest prices of Azithromycin. Each price database is tied to a user-friendly graphing tool dating back to 2014, which provides a range of functionalities: configuration of price series over user defined time period; comparison of product movements across countries; customisation of price currencies and unit; extraction of price data as excel files to be used offline.