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By 2030, the market for topical corticosteroids is anticipated to reach USD 8.19 billion, growing at a CAGR of 7% from 2023 to 2030. The market's growth is being made possible by a higher degree of knowledge about the benefits of synthetic corticosteroids. The growing body of information in the field of medical research has extended the possibility for the market for topical corticosteroids to grow.
A particular class of steroid hormone known as corticosteroids can be produced by the body naturally or artificially. The adrenal cortex is in charge of making these hormones. A particular class of steroid hormone known as corticosteroids can be produced by the body naturally or artificially. The adrenal cortex is in charge of making these hormones. Topical corticosteroids are often used to treat a wide range of inflammatory diseases because these hydrocortisone-derivative compounds have particular anti-inflammatory properties. If the body or adrenal cortexes are unable to produce the required corticosteroids, patients are given synthetic corticosteroids. Topical steroids, also referred to as corticosteroids, are pharmaceuticals that are applied directly to the affected area to lessen skin irritation and inflammation. They can be purchased over the counter or with a prescription from a doctor. They are available in a variety of strengths and forms, such as creams and ointments (OTC), as well as different concentrations, such as topical steroids classified as Class I, II, and III. Topical steroids may be used to lessen skin irritation. The presence of inflammation is a sign of an immune system response. To help with the reduction of symptoms including rashes, scaly patches, itching, soreness, redness, and swelling, the therapy is applied to the area of the affected skin. The growth of the global market for topical corticosteroids (steroids) is predicted to be primarily driven by an increase in eczema and atopic dermatitis cases.
The Topical Corticosteroids Market is divided into Fludroxycortide, Triamcinolone Acetonide, Fluocinolone Acetonide, Antiseptics, Betamethasone, Clobetasone Propionate, Clobetasone Butyrate, Halobetasone, Mometasone, and Others based on the name of the molecule. The Fludroxycortide category dominated the market in 2021, accounting for 20% of total market revenue. The market for topical corticosteroids' "fludroxycortide" segment is currently the most lucrative due to a rise in inflammatory diseases around the world. Globally, there are more acute and chronic inflammatory illnesses and disorders, which is one of the main factors driving the market's growth.
Report Coverage
Global Topical Corticosteroids research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Topical Corticosteroids report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Topical Corticosteroids competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Topical Corticosteroids market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Topical Corticosteroids market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Topical Corticosteroids market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
GlaxoSmithKline plc, Almirall, S.A , Merck & Co., Inc., Bausch Health, Sandoz International GmbH, Pfizer Inc., AstraZeneca, Sanofi, Bayer AG, McKesson Corporation, Regeneron Pharmaceuticals Inc., Allergan, Medtronic, AbbVie Inc., GALDERMA LABORATORIES, L.P., Novartis AG, LEO Pharma A/S
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. Spherical Insights has segmented the global Topical Corticosteroids market based on the below-mentioned segments:
Global Topical Corticosteroids Market, By Molecular Name
Global Topical Corticosteroids market, By Application
Global Topical Corticosteroids Market, By End User
Global Topical Corticosteroids market, Regional Analysis
A particular class of steroid hormone known as corticosteroids can be produced by the body naturally or artificially. The adrenal cortex is in charge of making these hormones. A particular class of steroid hormone known as corticosteroids can be produced by the body naturally or artificially. The adrenal cortex is in charge of making these hormones. Topical corticosteroids are often used to treat a wide range of inflammatory diseases because these hydrocortisone-derivative compounds have particular anti-inflammatory properties. If the body or adrenal cortexes are unable to produce the required corticosteroids, patients are given synthetic corticosteroids. Topical steroids, also referred to as corticosteroids, are pharmaceuticals that are applied directly to the affected area to lessen skin irritation and inflammation. They can be purchased over the counter or with a prescription from a doctor. They are available in a variety of strengths and forms, such as creams and ointments (OTC), as well as different concentrations, such as topical steroids classified as Class I, II, and III. Topical steroids may be used to lessen skin irritation. The presence of inflammation is a sign of an immune system response. To help with the reduction of symptoms including rashes, scaly patches, itching, soreness, redness, and swelling, the therapy is applied to the area of the affected skin. The growth of the global market for topical corticosteroids (steroids) is predicted to be primarily driven by an increase in eczema and atopic dermatitis cases.
The Topical Corticosteroids Market is divided into Fludroxycortide, Triamcinolone Acetonide, Fluocinolone Acetonide, Antiseptics, Betamethasone, Clobetasone Propionate, Clobetasone Butyrate, Halobetasone, Mometasone, and Others based on the name of the molecule. The Fludroxycortide category dominated the market in 2021, accounting for 20% of total market revenue. The market for topical corticosteroids' "fludroxycortide" segment is currently the most lucrative due to a rise in inflammatory diseases around the world. Globally, there are more acute and chronic inflammatory illnesses and disorders, which is one of the main factors driving the market's growth.
Report Coverage
Global Topical Corticosteroids research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Topical Corticosteroids report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Topical Corticosteroids competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Topical Corticosteroids market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2030 |
| Base Year | 2020 |
| Forecast Period | 2022-2030 |
| Historical Period | 2017-2019 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | GlaxoSmithKline plc, Almirall, S.A , Merck & Co., Inc., Bausch Health, Sandoz International GmbH, Pfizer Inc., AstraZeneca, Sanofi, Bayer AG, McKesson Corporation, Regeneron Pharmaceuticals Inc., Allergan, Medtronic, AbbVie Inc., GALDERMA LABORATORIES, L.P., Novartis AG, LEO Pharma A/S |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Topical Corticosteroids Market from 2021 to 2030.
- Market Forecast for Topical Corticosteroids Market from 2021 to 2030.
- Regional Market Share and Revenue from 2021 to 2030.
- Country Market share within region from 2021 to 2030.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Topical Corticosteroids competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Topical Corticosteroids
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Topical Corticosteroids market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Topical Corticosteroids market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
GlaxoSmithKline plc, Almirall, S.A , Merck & Co., Inc., Bausch Health, Sandoz International GmbH, Pfizer Inc., AstraZeneca, Sanofi, Bayer AG, McKesson Corporation, Regeneron Pharmaceuticals Inc., Allergan, Medtronic, AbbVie Inc., GALDERMA LABORATORIES, L.P., Novartis AG, LEO Pharma A/S
Primary Target Market
- Market Players of Topical Corticosteroids
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. Spherical Insights has segmented the global Topical Corticosteroids market based on the below-mentioned segments:
Global Topical Corticosteroids Market, By Molecular Name
- Fludroxycortide
- Triamcinolone Acetonide
- Fluocinolone Acetonide
- Antiseptics
- Betamethasone
- Clobetasone Propionate
- Clobetasone Butyrate
- Halobetasone
- Mometasone
- Others
Global Topical Corticosteroids market, By Application
- Acne
- Dermatitis
- Psoriasis
- Skin Infection
- Hyperpigmentation
- Melasma
- Others
Global Topical Corticosteroids Market, By End User
- Hospital
- Dermatology Clinics
- Homecare
- Others
Global Topical Corticosteroids market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
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