Press release
Corticosteroids Market Size Forecasted To Achieve $7.24 Billion By 2029 With Steady Growth
Corticosteroids Market
How Big Is the Corticosteroids Market Size Expected to Be by 2034?
The corticosteroids market has experienced steady growth in recent years. It will increase from $5.47 billion in 2024 to $5.7 billion in 2025 at a compound annual growth rate (CAGR) of 4.1%. This growth is driven by the treatment of inflammatory conditions, autoimmune disorders, immune system suppression, respiratory conditions, asthma management, and support in cancer treatment.
The corticosteroids market is expected to grow steadily, reaching $7.24 billion by 2029 at a CAGR of 6.2%. This growth is driven by the rising prevalence of chronic diseases, the expansion of rheumatology applications, innovations in drug delivery systems, and the growing geriatric population. Major trends include the emphasis on immunomodulatory effects, the expansion of the biosimilars market, combination therapy development, pediatric formulations, and a focus on regulatory compliance.
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What Are the Emerging Segments Within 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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What Long-Term Drivers Are Shaping Corticosteroids Market Trends?
The rising demand for cancer treatment is expected to propel the growth of the corticosteroid market. Corticosteroids are commonly used to manage symptoms associated with cancer treatments. In May 2024, the NHS reported that over 340,000 individuals received their first cancer treatment between April 2023 and March 2024, reflecting a growing need for cancer care. This demand is expected to drive the growth of the corticosteroid market.
Who Are the Top Competitors in Key Corticosteroids Market Segments?
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
What Trends Are Expected to Dominate the Corticosteroids Market in the Next 5 Years?
The corticosteroid therapy market is seeing a shift toward the use of silicones in topical and transdermal drug delivery systems. Silicone gel sheets and silicone-based adhesives are increasingly being used for drug delivery, such as dexamethasone-loaded silicone implants designed for inner ear drug delivery. These solutions offer improved drug permeability, making them more effective for modern drug products.
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Which Regions Are Becoming Hubs for Corticosteroids Market Innovation?
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
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Corticosteroids Market?
2. What is the CAGR expected in the Corticosteroids Market?
3. What Are the Key Innovations Transforming the Corticosteroids Industry?
4. Which Region Is Leading the Corticosteroids Market?
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