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Corticosteroids Market Global Trends, Key Players, Industry Analysis and Forecast to 2031

 

The global corticosteroids market is estimated to grow at a significant CAGR during the forecast period. The major factors contributing to the market growth include the rising incidences of chronic diseases and increasing demand for inhaled and topical corticosteroids. The incidence of chronic diseases, such as acute respiratory diseases and rheumatic disorders, is on the rise. Asthma, chronic obstructive pulmonary disease (COPD), pulmonary hypertension, and occupational lung disorders are the most frequent chronic respiratory diseases. As per the WHO, Asthma affected an estimated 262 million people globally in 2019 and caused 4,61,000 deaths.

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COPD is expected to rise in the future, owing to the high incidence of smoking and the aging populations in many countries. Asthma and COPD are becoming more common, which has increased the demand for inhaled corticosteroids to treat them. These are anti-inflammatory medications that are often used as long-term asthma control medication.  These medications help in reducing swelling and constriction in the lung airways. Some inhaled corticosteroids that are used for the treatment of asthma include Ciclesonide (Alvesco), Fluticasone (Flovent HFA), Beclomethasone (Qvar RediHaler), Budesonide (Pulmicort Flexhaler), and Mometasone (Asmanex Twisthaler). Inhaled corticosteroids don't usually cause severe side effects. 

The global corticosteroids market is segmented based on product, route of administration, and application. Based on the product, the market is classified into glucocorticoids and mineralocorticoids. Based on route of administration, the market is classified into topical, inhaled, oral, systemic, and others. Based on application, the market is classified into skin allergies, rheumatology indications, endocrinology, acute respiratory diseases, gastroenterology, and others.

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Market Coverage

  • Segment Covered
  • Competitive Landscape: Novartis International AG, Pfizer Inc., Merck & Co., Inc., AstraZeneca plc, and GlaxoSmithKline plc., among others. 

Key questions addressed by the report

  • What is the market growth rate?
  • Which segment and region dominates the market in base year?
  • Which segment and region will project fastest growth in the market?
  • How COVID-19 impacted the market?

o             Recovery Timeline

o             Deviation from pre-COVID forecast

o             Most affected region and segment

  • Who is the leader in the market?
  • How players are addressing challenges to sustain growth?
  • Where is the investment opportunity?

Global Corticosteroids Market by Product

  • Glucocorticoids 
  • Mineralocorticoids

Global Corticosteroids Market by Route of Administration

  • Topical 
  • Inhaled
  • Oral
  • Systemic
  • Others

Global Corticosteroids Market by Application

  • Skin Allergies
  • Rheumatology Indications
  • Endocrinology
  • Acute Respiratory Diseases
  • Gastroenterology
  • Others

Reasons to Buying From us -

1. We cover more than 15 major industries, further segmented into more than 90 sectors.
2. More than 120 countries are for analysis.
3. Over 100+ paid data sources mined for investigation.
4. Our expert research analysts answer all your questions before and after purchasing your report.

 

For More Customized Data, Request for Report Customization @ https://www.omrglobal.com/report-customization/corticosteroids-market-size

 


Media Contact:

Contact Person: Mr. Anurag Tiwari
Email: anurag@omrglobal.com
Contact no: +91 780-304-0404
Company Name: Orion Market Research

About Orion Market Research

Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. The company also offers Digital Marketing services through its subsidiary OMR Digital and Software development and Consulting Services through another subsidiary Encanto Technologies.

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