Report ID : 1307556 | Published : February 2025 | Study Period : 2023-2033 | Format : PDF + Excel
The market size of the Corticosteroids Market is categorized based on Type (Glucocorticoids, Mineralocorticoids) and Formulation (Tablets, Injections, Topical, Inhalers, Intranasal) and Therapeutic Application (Dermatology, Rheumatology, Pulmonology, Gastroenterology, Endocrinology) and geographical regions (North America, Europe, Asia-Pacific, South America, and Middle-East and Africa).
Valued at $25 billion in 2023, the Corticosteroids Market size is expected to grow to $40 billion by 2033, with a CAGR of 4.8% from 2024 to 2033. The report comprises various segments and analyzes the trends and factors playing a substantial role in the market.
The growth in the last few years within the corticosteroids market has been outpaced by the natural market growth due to the increased occurrence of chronic ailments, autoimmune diseases, and inflaming disorders. Corticosteroids remain one of the major components in anti-inflammatory therapy and are frequently employed in a range of medical specialties, including but not limited to asthma, allergy, severe dermatological diseases, etc. This increase in demand is indicative of growing patient population, but it also demonstrates the advancement in drug formulation and delivery systems for corticosteroids as therapies which have provided greater efficacy and safety.
At the same time, cumulative efforts put by the biopharmaceutical industry into R&D is always resulting in new corticosteroid products and combination therapies being marketed which expands the scope of this industry. The changing paradigm of medicine towards more precise and personalized approaches vis a vis targeted therapies is beneficial for the corticosteroids in anti-inflammatory therapies as it opens the doors for new non-invasive ways to treatment for stakeholders like the patients, the manufacturing companies and the healthcare professionals. While we explore this market, it is important to consider the particular emerging trends, competitive environment, and regulatory aspects of corticosteroid therapies that will determine their future.
ATTRIBUTES | DETAILS |
---|---|
STUDY PERIOD | 2023-2033 |
BASE YEAR | 2023 |
FORECAST PERIOD | 2024-2033 |
HISTORICAL PERIOD | 2023-2024 |
UNIT | VALUE (USD BILLION) |
KEY COMPANIES PROFILED | Pfizer Inc., Merck & Co. Inc., Bristol-Myers Squibb Company, GlaxoSmithKline plc, Novartis International AG, Sanofi S.A., Bayer AG, Teva Pharmaceutical Industries Ltd., AstraZeneca PLC, AbbVie Inc., Eli Lilly and Company |
SEGMENTS COVERED |
By Type - Glucocorticoids, Mineralocorticoids By Formulation - Tablets, Injections, Topical, Inhalers, Intranasal By Therapeutic Application - Dermatology, Rheumatology, Pulmonology, Gastroenterology, Endocrinology By Geography - North America, Europe, APAC, Middle East Asia & Rest of World. |
The Corticosteroids Market is undergoing significant changes due to various dynamic factors. This section delves into the key drivers, restraints, opportunities, and challenges that are shaping the market landscape.
This report provides an in-depth analysis of both established and rising industry participants. It provides broad lists of important companies organized by the types of products they offer and other market-related factors. In addition to characterizing these companies, the report contains the year each player entered the market, which is useful for research analysis by the study's analysts.
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