In the first quarter of 2023, the price of lincomycin hydrochloride was subject to fluctuations due to variable market sentiments in the antibacterial medicines sector. However, in the second quarter, the cost of medicines in India surged by 12% starting in April, adversely impacting consumer spending.
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This price hike was attributed to increased production costs in India and higher raw material prices. The majority of these raw materials are imported from China, and government-imposed restrictions on such imports raised the cost of materials required for lincomycin hydrochloride production, resulting in an upward price trend for the medication.
Definition
Lincomycin Hydrochloride is an antibiotic medication used to treat bacterial infections. It belongs to the lincosamide class of antibiotics and works by inhibiting bacterial protein synthesis. This pharmaceutical compound is available in various forms, including capsules and injectable solutions. Lincomycin hydrochloride is essential for addressing bacterial diseases and is prescribed under medical supervision. Its properties include effectiveness against a wide range of Gram-positive and some Gram-negative bacteria, making it valuable in various clinical settings for combating bacterial infections.
Key Details About the Lincomycin Hydrochloride 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 Lincomycin Hydrochloride 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 Lincomycin Hydrochloride Price Trends, including India Lincomycin Hydrochloride price, USA Lincomycin Hydrochloride 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 Lincomycin Hydrochloride Price Trend:
Lincomycin hydrochloride primarily serves pharmaceutical and veterinary purposes due to its antibiotic properties. In the pharmaceutical industry, it’s a key ingredient in medications and formulations designed to treat various bacterial infections in humans. Additionally, it plays a crucial role in the veterinary sector, where it’s used to combat bacterial diseases in livestock and poultry. Lincomycin hydrochloride is also employed in biomedical research as a tool for studying bacterial biology and antibiotic resistance mechanisms. Furthermore, it may find application as a reference standard in quality control processes in pharmaceutical and research laboratories, ensuring the accuracy and consistency of antibiotic drug formulations.
Key Players:
- Anhui Wanbei Pharmaceutical Co Ltd
- Hangzhou Think Chemical Co Ltd
- Hengdian Group Holding Co Ltd
- Jiangxi Guoyao Pharmaceutical Limited Liability Company
- Livzon Group Fuzhou Fuxing Pharmaceutical Co Ltd
- Xinyu Pharmaceutical Co Ltd
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