The Corticosteroids Market study analyzes and forecasts the market size across 6 regions and 24 countries for diverse segments including By Product(Glucocorticoids, Mineralocorticoids), By Route of administration(Topical steroids, Inhaled steroids, Oral forms, Systemic forms, Others), By Application(Rheumatology, Skin allergies, Endocrinology, Gastroenterology, Acute respiratory diseases, Others).
The Corticosteroids Market is poised for substantial growth in 2024, driven by the increasing prevalence of inflammatory and autoimmune disorders, rising demand for corticosteroid therapies in various medical specialties, and advancements in drug delivery formulations and treatment regimens. Corticosteroids, synthetic analogs of natural corticosteroid hormones produced by the adrenal glands, exhibit potent anti-inflammatory, immunosuppressive, and anti-allergic properties, making them indispensable in the management of a wide range of medical conditions.
Key factors propelling the growth of the corticosteroids market include the growing incidence of inflammatory diseases, autoimmune disorders, respiratory conditions, dermatological conditions, and organ transplant rejections. Moreover, the expanding applications of corticosteroids in oncology, rheumatology, gastroenterology, neurology, and ophthalmology contribute to market expansion. In addition, the development of novel corticosteroid formulations, including oral tablets, topical creams, ointments, inhalers, injectables, and implantable devices, enhances patient compliance, therapeutic efficacy, and treatment outcomes.
In addition, advancements in drug delivery technologies, pharmacokinetics, and pharmacodynamics optimization strategies improve the safety profile and tolerability of corticosteroid medications while minimizing adverse effects and systemic toxicity. Moreover, strategic collaborations, partnerships, and acquisitions among pharmaceutical companies accelerate drug development pipelines, expand market reach, and address unmet medical needs for corticosteroid therapies worldwide. In addition, regulatory approvals, clinical trial advancements, and healthcare infrastructure improvements in emerging markets drive market expansion and adoption of corticosteroid treatments, addressing the evolving healthcare demands of patients and healthcare providers.
A prominent trend in the corticosteroids market is the rise in chronic inflammatory diseases. Corticosteroids are widely used in the management of various chronic inflammatory conditions such as rheumatoid arthritis, asthma, inflammatory bowel disease, and dermatitis. The increasing prevalence of these conditions, driven by factors such as aging populations, changing lifestyles, and environmental factors, contributes to the growing demand for corticosteroids. As a result, there is a continuous need for effective corticosteroid medications to alleviate symptoms, manage disease progression, and improve patients' quality of life.
A significant driver in the corticosteroids market is the growing incidence of respiratory disorders. Corticosteroids play a crucial role in the management of respiratory conditions such as asthma, chronic obstructive pulmonary disease (COPD), and allergic rhinitis. The increasing prevalence of respiratory disorders, attributed to factors such as air pollution, tobacco smoking, respiratory infections, and genetic predisposition, drives the demand for corticosteroid-based inhalers, nasal sprays, and oral medications. The emphasis on early diagnosis, effective treatment, and disease management in respiratory care programs fuels market growth.
An exciting potential opportunity in the corticosteroids market lies in the expansion into dermatological and ophthalmic applications. While corticosteroids are traditionally associated with the treatment of inflammatory and immune-mediated disorders, there is growing interest in their use for dermatological conditions such as psoriasis, eczema, and dermatitis, as well as ophthalmic conditions such as uveitis and allergic conjunctivitis. By leveraging their anti-inflammatory and immunosuppressive properties, corticosteroid formulations tailored for dermatological and ophthalmic use offer opportunities for pharmaceutical companies to diversify their product portfolios, address unmet medical needs, and capitalize on new market segments. Through innovation and strategic partnerships, stakeholders can explore the development of novel corticosteroid formulations optimized for dermatological and ophthalmic applications, expanding the reach and impact of corticosteroid therapy across different therapeutic areas.
By Product
By Route of administration
By Application
Geographical Analysis
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TABLE OF CONTENTS
1 Introduction to 2024 Corticosteroids Market
1.1 Market Overview
1.2 Quick Facts
1.3 Scope/Objective of the Study
1.4 Market Definition
1.5 Countries and Regions Analyzed
1.6 Units, Currency, and Conversions
1.7 Industry Value Chain
2 Research Methodology
2.1 Market Size Estimation
2.2 Sources and Research Methodology
2.3 Data Triangulation
2.4 Assumptions and Limitations
3 Executive Summary
3.1 Global Corticosteroids Market Size Outlook, $ Million, 2021 to 2030
3.2 Corticosteroids Market Outlook by Type, $ Million, 2021 to 2030
3.3 Corticosteroids Market Outlook by Product, $ Million, 2021 to 2030
3.4 Corticosteroids Market Outlook by Application, $ Million, 2021 to 2030
3.5 Corticosteroids Market Outlook by Key Countries, $ Million, 2021 to 2030
4 Market Dynamics
4.1 Key Driving Forces of Corticosteroids Market Industry
4.2 Key Market Trends in Corticosteroids Market Industry
4.3 Potential Opportunities in Corticosteroids Market Industry
4.4 Key Challenges in Corticosteroids Market Industry
5 Market Factor Analysis
5.1 Competitive Landscape
5.1.1 Global Corticosteroids Market Share by Company
5.1.2 Product Offerings by Company
5.2 Porter’s Five Forces Analysis
6 Growth Outlook Across Scenarios
6.1 Growth Analysis-Case Scenario Definitions
6.2 Low Growth Scenario Forecasts
6.3 Reference Growth Scenario Forecasts
6.4 High Growth Scenario Forecasts
7 Global Corticosteroids Market Outlook By Segments
7.1 Corticosteroids Market Outlook by Segments
By Product
Glucocorticoids
Mineralocorticoids
By Route of administration
Topical steroids
Inhaled steroids
Oral forms
Systemic forms
Others
By Application
Rheumatology
Skin allergies
Endocrinology
Gastroenterology
Acute respiratory diseases
Others
8 North America Corticosteroids Market Analysis And Outlook To 2030
8.1 Introduction to North America Corticosteroids Markets in 2024
8.2 North America Corticosteroids Market Size Outlook by Country, 2021-2030
8.2.1 United States
8.2.2 Canada
8.2.3 Mexico
8.3 North America Corticosteroids Market size Outlook by Segments, 2021-2030
By Product
Glucocorticoids
Mineralocorticoids
By Route of administration
Topical steroids
Inhaled steroids
Oral forms
Systemic forms
Others
By Application
Rheumatology
Skin allergies
Endocrinology
Gastroenterology
Acute respiratory diseases
Others
9 Europe Corticosteroids Market Analysis And Outlook To 2030
9.1 Introduction to Europe Corticosteroids Markets in 2024
9.2 Europe Corticosteroids Market Size Outlook by Country, 2021-2030
9.2.1 Germany
9.2.2 France
9.2.3 Spain
9.2.4 United Kingdom
9.2.4 Italy
9.2.5 Russia
9.2.6 Norway
9.2.7 Rest of Europe
9.3 Europe Corticosteroids Market Size Outlook By Segments, 2021-2030
By Product
Glucocorticoids
Mineralocorticoids
By Route of administration
Topical steroids
Inhaled steroids
Oral forms
Systemic forms
Others
By Application
Rheumatology
Skin allergies
Endocrinology
Gastroenterology
Acute respiratory diseases
Others
10 Asia Pacific Corticosteroids Market Analysis And Outlook To 2030
10.1 Introduction to Asia Pacific Corticosteroids Markets in 2024
10.2 Asia Pacific Corticosteroids Market Size Outlook by Country, 2021-2030
10.2.1 China
10.2.2 India
10.2.3 Japan
10.2.4 South Korea
10.2.5 Indonesia
10.2.6 Malaysia
10.2.7 Australia
10.2.8 Rest of Asia Pacific
10.3 Asia Pacific Corticosteroids Market size Outlook by Segments, 2021-2030
By Product
Glucocorticoids
Mineralocorticoids
By Route of administration
Topical steroids
Inhaled steroids
Oral forms
Systemic forms
Others
By Application
Rheumatology
Skin allergies
Endocrinology
Gastroenterology
Acute respiratory diseases
Others
11 South America Corticosteroids Market Analysis And Outlook To 2030
11.1 Introduction to South America Corticosteroids Markets in 2024
11.2 South America Corticosteroids Market Size Outlook by Country, 2021-2030
11.2.1 Brazil
11.2.2 Argentina
11.2.3 Rest of South America
11.3 South America Corticosteroids Market size Outlook by Segments, 2021-2030
By Product
Glucocorticoids
Mineralocorticoids
By Route of administration
Topical steroids
Inhaled steroids
Oral forms
Systemic forms
Others
By Application
Rheumatology
Skin allergies
Endocrinology
Gastroenterology
Acute respiratory diseases
Others
12 Middle East And Africa Corticosteroids Market Analysis And Outlook To 2030
12.1 Introduction to Middle East and Africa Corticosteroids Markets in 2024
12.2 Middle East and Africa Corticosteroids Market Size Outlook by Country, 2021-2030
12.2.1 Saudi Arabia
12.2.2 UAE
12.2.3 Oman
12.2.4 Rest of Middle East
12.2.5 Egypt
12.2.6 Nigeria
12.2.7 South Africa
12.2.8 Rest of Africa
12.3 Middle East and Africa Corticosteroids Market size Outlook by Segments, 2021-2030
By Product
Glucocorticoids
Mineralocorticoids
By Route of administration
Topical steroids
Inhaled steroids
Oral forms
Systemic forms
Others
By Application
Rheumatology
Skin allergies
Endocrinology
Gastroenterology
Acute respiratory diseases
Others
13 Company Profiles
13.1 Company Snapshot
13.2 SWOT Profiles
13.3 Products and Services
13.4 Recent Developments
13.5 Financial Profile
List of Companies
AstraZeneca plc
Bayer Pharmaceutical
Cipla Inc.
GlaxoSmithKline plc
Johnson & Johnson Services, Inc.
Leo Pharma
Merck & Co., Inc.
Novartis AG
Pfizer Inc.
Sanofi S.A.
Sumitomo Corporation
14 Appendix
14.1 Customization Offerings
14.2 Subscription Services
14.3 Related Reports
14.4 Publisher Expertise
By Product
By Route of administration
By Application
Geographical Analysis
The global Corticosteroids Market is one of the lucrative growth markets, poised to register a 5.1% growth (CAGR) between 2024 and 2032.
Emerging Markets across Asia Pacific, Europe, and Americas present robust growth prospects.
AstraZeneca plc, Bayer Pharmaceutical, Cipla Inc., GlaxoSmithKline plc, Johnson & Johnson Services, Inc., Leo Pharma, Merck & Co., Inc., Novartis AG, Pfizer Inc., Sanofi S.A., Sumitomo Corporation, , ,
Base Year- 2023; Estimated Year- 2024; Historic Period- 2018-2023; Forecast period- 2024 to 2030; Currency: USD; Volume