Topical corticosteroids (steroids) Market Size, Share, Future Growth, Segmentation, Regional Analysis and Competitive Landscape Forecast to 2023

Market Overview

Topical corticosteroids (steroids) are medication and available in various forms such as creams, lotions, and solutions. They are directly applied to the skin to reduce inflammation and irritation.

Increasing prevalence of skin diseases worldwide and lack of awareness in both developed and developing countries are some of the factors that drive the growth of the market. Additionally, increasing geriatric population with skin disease, which in some cases remain untreated for a long period boost the market growth.

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The global topical corticosteroids market is expected to grow at a CAGR of about 5.8% during the forecast period 2017-2023.

Segmental Analysis:

The global topical corticosteroids market is segmented on the basis of type of formulation. it is segmented into ointments, creams, and others.

On the basis of type of potency class it is segmented into ultra-high, high, moderate, and low. The ultra-high is further segmented into clobetasol propionate, and diflorasone diacetate. The high segment is further segmented into amcinonide, betamethasone dipropionate, desoximetasone, fluocinonide, halcinonide, and others. The moderate segment is further segmented into desoximetasone, fluocinolone acetonide, fludroxycortide, hydrocortisone valerate, triamcinolone acetonide, and others. And the low segment is further segmented into betamethasone valerate, desonide, fluocinolone acetonide, and others.

On the basis of treatment, it is segmented into contact dermatitis, insect stings, psoriasis, eczema, and others.

On the basis of end user, the market is segmented into hospitals, dermatology clinics, pharmacies, and others.

Regional Analysis:

The global topical corticosteroids market consists of four regions: the Americas, Europe, Asia Pacific, and the Middle East & Africa.

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Competitive Analysis:

Some of the key players in the global market are AstraZeneca plc., GlaxoSmithKline plc., Merck & Co., Inc., Pfizer Inc., Sandoz AG (Novartis AG), Sanofi S.A., Actimis Pharmaceuticals, Valeant Pharmaceuticals, Almirall, S.A, and Zylera Pharmaceuticals.

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