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Corticosteroids Market Sees Increased Demand as These Drugs Remain the Cornerstone of Treatment for Inflammatory and Immune Diseases

02-02-2023 11:24 AM CET | Health & Medicine

Press release from: Absolute Markets Insights

Corticosteroids Market Sees Increased Demand as These Drugs

The Global corticosteroids market was valued at US$ 4.56 Bn in 2021 growing at a CAGR of 5.2% over the forecast period (2022 - 2030). The global Corticosteroids market is growing rapidly due to the increasing prevalence of autoimmune diseases, allergies, and other chronic medical conditions. The market is driven by the increasing demand for corticosteroids in the treatment of these conditions, as well as the growing demand for new and improved drugs. Additionally, the increasing awareness about the benefits of corticosteroids in treating medical conditions is also driving the market growth.

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The Corticosteroids Market refers to the market for the drugs that are used to treat a wide range of medical conditions. Corticosteroids are synthetic drugs that mimic the hormones produced by the adrenal glands. These drugs are used for their anti-inflammatory and immunosuppressive effects to treat various medical conditions, including autoimmune diseases, allergies, and other inflammatory diseases.

In terms of product types, the market is segmented into oral corticosteroids, topical corticosteroids, and injectable corticosteroids. The oral corticosteroids segment holds the largest market share due to the ease of administration and their effectiveness in treating a wide range of medical conditions. On the other hand, the topical corticosteroids segment is expected to experience the highest growth due to the growing demand for topical products that can be applied directly to the affected area.

The Corticosteroids Market is also driven by various advancements in the development of new drugs. Many pharmaceutical companies are focusing on developing new and improved corticosteroids that can be used to treat a wider range of medical conditions. Additionally, the increasing investment in research and development in the field of corticosteroids is also driving the market growth. In conclusion, the Corticosteroids Market is expected to continue its growth trend in the coming years due to the increasing demand for corticosteroids in the treatment of medical conditions, as well as the increasing awareness about the benefits of corticosteroids.

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Some of the Key Players Operating in the Global Corticosteroids Market include:
Abbott
AstraZeneca
Cipla
GlaxoSmithKline plc
Merck & Co., Inc
Novartis
Pfizer
Sanofi
Other Industry Participants

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Key Questions Answered in this Report:
What will be the size of the market and the pace of growth in 2030?
What are the primary drivers of the worldwide market?
What are the main market trends that have an impact on global market growth?
Which are the market growth challenges?
Who are the main global market suppliers?
What are the worldwide market opportunities and challenges for sellers?
What are the primary results of the global Corticosteroids Market five-point analysis?

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Global Corticosteroids Market Segmentation:

By Drug Class
Glucocorticoid
Mineralocorticoids

By Indication
Asthma
Inflammatory bowel diseases
Lupus
Rheumatoid arthritis
Chronic obstructive pulmonary disease (COPD)
Allergies
Multiple Sclerosis
Others

By Route of administration
Oral
Nasal
Intravenous
Rectal

By Forms
Tablets
Injectable Solution
Gel/ Creams
Sprays
Others

By End User
Hospitals
Specialty clinics
Pharmacies
Others

By Geography
North America [U.S., Canada, Mexico]
Europe [Germany, UK, France, Italy, Rest of Europe]
Asia-Pacific [China, India, Japan, South Korea, Southeast Asia, Australia, Rest of Asia Pacific]
South America [Brazil, Argentina, Rest of Latin America]
Middle East & Africa [GCC, North Africa, South Africa, Rest of the Middle East and Africa]

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We appreciate your reading the article in its entirety. If you would like to know more about the Corticosteroids market, looking for customization, contact us. To achieve a full market reach of Corticosteroids, or explore more about opportunities reach our research analyst. Our team is available 24/7 to assist and support our customers through reliable research.

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About Us:
Absolute Markets Insights assists in providing accurate and latest trends related to consumer demand, consumer behavior, sales, and growth opportunities, for the better understanding of the market, thus helping in product designing, featuring, and demanding forecasts. Our experts provide you the end-products that can provide transparency, actionable data, cross-channel deployment program, performance, accurate testing capabilities and the ability to promote ongoing optimization. From the in-depth analysis and segregation, we serve our clients to fulfill their immediate as well as ongoing research requirements. Minute analysis impact large decisions and thereby the source of business intelligence (BI) plays an important role, which keeps us upgraded with current and upcoming market scenarios.

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