Press release
Corticosteroids Market Outlook 2025-2034: Key Trends, Growth Drivers, and Market Share
Corticosteroids Market Size
In the past few years, there has been a consistent increase in the size of the corticosteroids market. The market is set to expand from $5.47 billion in 2024 to $5.7 billion in 2025, indicating a compound annual growth rate (CAGR) of 4.1%. The surge in the historical period is primarily due to their use in treating inflammatory ailments, managing autoimmune conditions, suppressing the immune system, control of respiratory disorders and asthma, addressing allergic reactions, dermatological uses, and supporting cancer treatment.
The size of the corticosteroids market is anticipated to exhibit robust growth in the approaching years, escalating to $7.24 billion by 2029, with a compound annual growth rate (CAGR) of 6.2%. The expansion during the forecast period can be credited to the escalating rate of chronic diseases, broadening usage in rheumatology, progress in drug delivery methods, the rise in the elderly population, and ongoing research and development in corticosteroid treatments. Noticeable trends during the forecast period consist of an increased focus on immunomodulatory effects, growth of the biosimilar market, evolution of combination therapies, introduction of pediatric-specific formulations, and an intense focus on regulatory compliance.
What Are the Primary Growth Drivers for the Corticosteroids Market?
The surge in the need for cancer therapy is set to boost the expansion of the corticosteroid market. The array of various techniques for treating cancer, including surgeries, chemotherapy, radiotherapy, immunotherapy, and targeted treatments, are all meant to eliminate cancerous cells and ease symptoms. The escalation in cancer treatment demand can be attributed to several aspects, such as the rising prevalence of cancer, heightened awareness and screening, better accessibility to healthcare, and the provision of supportive care services. Corticosteroids help mitigate symptoms and enhance the tolerance of cancer treatments, thus elevating patient results and promoting the growing need for an extensive approach to cancer care. For instance, the National Health Service (NHS) in the UK documented in May 2024, that its treatment activity soared to unprecedented levels, with over 1,400 patients starting cancer treatment on each working day. From April 2023 to March 2024, almost 340,000 individuals underwent their initial cancer treatment. Consequently, the escalating demand for cancer treatment propels the expansion of the corticosteroid market.
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Who Are the Dominant Companies Influencing Corticosteroids Market Trends?
Major companies operating in the corticosteroids market include McKesson Corporation, Pfizer Inc., Johnson and Johnson Services Inc., Merck & Co.Inc., Bayer AG, Sumitomo Corporation, Novartis International AG., Sanofi SA, Bristol Myers Squibb Company, AstraZeneca plc, Abbott Laboratories, GlaxoSmithKline plc, Takeda Pharmaceutical Company Limited, Eli Lilly and Company, Boehringer Ingelheim International GmbH, Novo Nordisk A/S, Teva Pharmaceutical Industries Ltd., Regeneron Pharmaceuticals Inc., Sun Pharmaceutical Industries Ltd., Cipla Limited, Dr. Reddy's Laboratories Ltd., Endo International plc, Lupin Limited, Mallinckrodt Pharmaceuticals Ltd., LEO Pharma A/S, Glenmark Pharmaceuticals Ltd., Wockhardt Limited, Indivior plc, Zizhu Pharmaceutical Co. Ltd., Allergan plc, Hikma Pharmaceuticals plc
How Is the Corticosteroids Market Evolving?
One of the prominent trends in the corticosteroid therapy market is the growth of silicones for topical and transdermal medicine administration. Composed of mesh or fabric-reinforced cross-linked polymers, silicone gel sheets serve as malleable wound coverings. Lately, a new method has been introduced where dexamethasone (DXM)-loaded silicone implants are used for delivering drugs to the inner ear. The distribution of the drug in the cochlea is assessed using confocal microscopy alongside the invention of a new gadget for local corticosteroids delivery into the oval window. It allows an extended release of DXM to the inner ear. Additionally, silicone gel sheeting has proven to be a viable treatment for young patients who may not do well with intralesional corticosteroid injections. Transdermal drug delivery employing silicone-based pressure-sensitive adhesives showcases enhanced diffusivity and skin penetration rates. Silicones' advantages include better drug permeability, high diffusivity, and they provide efficient functionality and performance to contemporary drug products.
What Are the Different Segmentations in the Corticosteroids Market?
The corticosteroids market covered in this report is segmented -
1) By Product: Glucocorticoids, Mineralocorticoids
2) By Application: Skin Allergies, Rheumatology Indications, Endocrinology, Acute Respiratory Diseases, Other Applications
3) By End User: Hospitals, Clinics, Research Institutes, Other End Users
Subsegments:
1) By Glucocorticoids: Hydrocortisone, Prednisone, Dexamethasone, Methylprednisolone, Triamcinolone, Betamethasone, Other Glucocorticoids
2) By Mineralocorticoids: Fludrocortisone, Aldosterone, Other Mineralocorticoids
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Which Region Is at the Forefront of the Corticosteroids Market?
The countries covered in the corticosteroids market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain
What Is Covered In The Corticosteroids Global Market Report?
- Market Size Analysis: Analyze the Corticosteroids Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Corticosteroids Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Corticosteroids Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Corticosteroids Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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