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Corticosteroids Market Analysis: Global Industry Size, Growth and Forecast

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).

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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.Corticosteroids Market Analysis: Global Industry Size, Growth and Forecast

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 PERIOD2023-2033
BASE YEAR2023
FORECAST PERIOD2024-2033
HISTORICAL PERIOD2023-2024
UNITVALUE (USD BILLION)
KEY COMPANIES PROFILEDPfizer 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.

Corticosteroids Market Dynamics

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.

Market Drivers

  1. Technological Advancements
  2. Increasing Consumer Demand
  3. Regulatory Support
  4. Globalization

Market Restraints

  1. High Operational Costs
  2. Regulatory Challenges
  3. Market Saturation

Market Opportunities

  1. Emerging Markets
  2. Product Innovation
  3. Strategic Partnerships

Market Challenges

  1. Technological Disruptions
  2. Supply Chain Issues
  3. Changing Consumer Preferences


Corticosteroids Market Segmentations


Market Breakup by Type

  • Overview
  • Glucocorticoids
  • Mineralocorticoids

Market Breakup by Formulation

  • Overview
  • Tablets
  • Injections
  • Topical
  • Inhalers
  • Intranasal

Market Breakup by Therapeutic Application

  • Overview
  • Dermatology
  • Rheumatology
  • Pulmonology
  • Gastroenterology
  • Endocrinology

Market Breakup by Region


North America

  • United States of America
  • Canada
  • Mexico

Europe

  • United Kingdom
  • Germany
  • France
  • Italy
  • Spain
  • Others

Asia Pacific

  • China
  • Japan
  • India
  • ASEAN
  • Australia
  • Others

Latin America

  • Brazil
  • Argentina
  • Mexico
  • Others

Middle East and Africa

  • Saudi Arabia
  • United Arab Emirates
  • Nigeria
  • South Africa
  • Others

Key Players in the Corticosteroids Market

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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