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.
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.
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 chart, 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.
Lincomycin hydrochloride primarily serves pharmaceutical and veterinary purposes due to its antibiotic properties. In the pharmaceutical industry, its 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 its 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.
Procurement Resource offers in-depth research on product pricing and market insights for more than 500 chemicals, commodities, and utilities updated daily, weekly, monthly, and annually. It is a cost-effective, one-stop solution for all your market research requirements, irrespective of which part of the value chain you represent.
We have a team of highly experienced analysts who perform comprehensive research to deliver our clients the newest and most up-to-date market reports, cost models, price analysis, benchmarking, and category insights, which help in streamlining the procurement process for our clientele. Our team tracks the prices and production costs of a wide variety of goods and commodities, hence providing you with the latest and consistent data.
To get real-time facts and insights to help our customers, we work with a varied range of procurement teams across industries. At Procurement Resource, we support our clients with up-to-date and pioneering practices in the industry to understand procurement methods, supply chains, and industry trends so that they can build strategies to achieve maximum growth.
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