Market Overview:
The global corticosteroids market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing prevalence of allergic diseases, dermatological disorders, and other chronic diseases. In addition, the growing awareness about the benefits of corticosteroids is also contributing to the growth of this market. By type, cream is expected to account for the largest share of the global corticosteroids market in 2018. This can be attributed to its easy availability and low cost as compared to other types of corticosteroids such as injections and ointments. By application, allergy is expected to account for the largest share of the global corticosteroids market in 2018 owing to rising prevalence of allergies across all regions worldwide.
Product Definition:
A corticosteroid is a steroid hormone that is produced in the adrenal cortex of the brain.
Cream:
Cream is a topical corticosteroid used for the treatment of inflammatory skin conditions such as eczema. It works by reducing inflammation and itching caused by the skin condition. Corticosteroids are also known to reduce redness and swelling caused by conditions such as rosacea, dermatitis, stomatitis, etc. Topical creams are preferred over oral medications due to their ease of application and reduced side effects.
Injection:
Injection is a form of drug delivery which involves the administration of drugs into the body. The most common forms are intramuscular, intravenous, subcutaneous and intradermal injections. Intravenous injection is by far the most commonly used method as it has a wide range of applicability in almost all therapeutic areas including pain management, oncology treatment and cardiovascular diseases.
Application Insights:
On the basis of application, the global market has been segmented into asthma, allergy, dermatology and others. Asthma was estimated as the largest segment in 2017 owing to increasing prevalence of asthma and growing awareness about its treatment. According to a study published by Global Asthma Report Card in 2019, around 300 million people globally are affected by asthma which results in over 1 million deaths every year. In addition, corticosteroids are used for long-term management of bronchitis and other respiratory diseases such as allergic rhinitis and sinusitis. As per Cosentyx 2018 Annual Report; cosentyx is a once-daily oral spray that is indicated for patients with moderate to severe chronic rhinosinusitis (sinus infections) who have not had success with other treatments including anti-infective drugs or surgery.
Regional Analysis:
North America dominated the global market in 2017. The presence of key players, favorable reimbursement policies, and increasing R&D activities are some of the factors responsible for its dominance. Moreover, growing awareness about corticosteroids usage is also expected to contribute toward regional growth over the forecast period.
Asia Pacific is anticipated to witness lucrative growth during the forecast period owing to an increase in disease prevalence and consumer awareness about Corticosteroids usage along with rising disposable income levels in emerging countries such as China & India. Furthermore, government initiatives for improving healthcare infrastructure are also expected to support regional growth over next eight years (from 2018 To 2030).
Growth Factors:
- Increasing incidence of respiratory diseases and other chronic disorders: The global corticosteroids market is expected to grow at a CAGR of 5.5% from 2016 to 2024, owing to the increasing incidence of respiratory diseases and other chronic disorders.
- Rising demand for novel therapies: The advent of novel therapies is expected to fuel the growth of the corticosteroids market in the coming years.
- Growing awareness about asthma and its treatment options: There has been a growing awareness about asthma and its treatment options in recent years, which is likely to boost the demand for corticosteroids in the near future.
- Technological advancements in inhalation devices: Technological advancements such as dry powder inhalers are helping improve patient compliance, thereby propelling the growth of the global corticosteroids market . 5
Scope Of The Report
Report Attributes
Report Details
Report Title
Corticosteroids Market Research Report
By Type
Cream, Injection, Other
By Application
Allergy, Dermatology, Endocrinology, Other
By Companies
Sumitomo, Pfizer, Novartis, Merck, Sanofi, Johnson & Johnson, GlaxoSmithKline, AstraZeneca, Cipla, Sumitomo
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
246
Number of Tables & Figures
173
Customization Available
Yes, the report can be customized as per your need.
Global Corticosteroids Market Report Segments:
The global Corticosteroids market is segmented on the basis of:
Types
Cream, Injection, Other
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Allergy, Dermatology, Endocrinology, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Sumitomo
- Pfizer
- Novartis
- Merck
- Sanofi
- Johnson & Johnson
- GlaxoSmithKline
- AstraZeneca
- Cipla
- Sumitomo
Highlights of The Corticosteroids Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Cream
- Injection
- Other
- By Application:
- Allergy
- Dermatology
- Endocrinology
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Corticosteroids Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Corticosteroids are a type of medication that helps reduce inflammation. They are often used to treat conditions like asthma, arthritis, and Crohn's disease.
Some of the major players in the corticosteroids market are Sumitomo, Pfizer, Novartis, Merck, Sanofi, Johnson & Johnson, GlaxoSmithKline, AstraZeneca, Cipla, Sumitomo.
The corticosteroids market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Corticosteroids Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Corticosteroids Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Corticosteroids Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Corticosteroids Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Corticosteroids Market Size & Forecast, 2020-2028
4.5.1 Corticosteroids Market Size and Y-o-Y Growth
4.5.2 Corticosteroids Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Cream
5.2.2 Injection
5.2.3 Other
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Allergy
6.2.2 Dermatology
6.2.3 Endocrinology
6.2.4 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Corticosteroids Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Corticosteroids Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Cream
9.6.2 Injection
9.6.3 Other
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Allergy
9.10.2 Dermatology
9.10.3 Endocrinology
9.10.4 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Cream
10.6.2 Injection
10.6.3 Other
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Allergy
10.10.2 Dermatology
10.10.3 Endocrinology
10.10.4 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Cream
11.6.2 Injection
11.6.3 Other
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Allergy
11.10.2 Dermatology
11.10.3 Endocrinology
11.10.4 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Cream
12.6.2 Injection
12.6.3 Other
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Allergy
12.10.2 Dermatology
12.10.3 Endocrinology
12.10.4 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Cream
13.6.2 Injection
13.6.3 Other
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Allergy
13.10.2 Dermatology
13.10.3 Endocrinology
13.10.4 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Corticosteroids Market: Competitive Dashboard
14.2 Global Corticosteroids Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Sumitomo
14.3.2 Pfizer
14.3.3 Novartis
14.3.4 Merck
14.3.5 Sanofi
14.3.6 Johnson & Johnson
14.3.7 GlaxoSmithKline
14.3.8 AstraZeneca
14.3.9 Cipla
14.3.10 Sumitomo
