The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company’s corticosteroids market report forecasts the corticosteroids market size to grow to $6.33 Billion by 2027, with a CAGR (compound annual growth rate) of more than 4%.

Learn More On The Corticosteroids Market Report 2023 – https://www.thebusinessresearchcompany.com/report/corticosteroid-global-market-report

Corticosteroids Market Size Forecast
The global corticosteroids market is expected to grow from $5.05 billion in 2022 to $5.26 billion in 2023 at a compound annual growth rate (CAGR) of 4.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The corticosteroids market is expected to grow from $6.33 billion in 2027 at a CAGR of 4.7%.

North America held the largest corticosteroids market share, and Middle East was the fastest-growing region in 2022.

Key Corticosteroids Market Driver ­– Increase In The Prevalence Of Skin Related Diseases And The Rise In The Incidence Of Rashes, Dermatitis, Itching, Eczema, And Psoriasis
According to the CDC (Center for Disease Control), each year in the US, at least 2 million people are infected with bacteria that are resistant to antibiotics, and at least 23,000 people die due to such infections.For instance, in November 2021, according to an article shared by Cleveland Clinic, a US-based non-profit academic medical center, Skin cancer strikes almost one in five persons at some point in their lives. Every day, 9,500 Americans receive a skin cancer diagnosis. Skin cancer affects 20% of Americans at some point in their lives. The increased prevalence of such disorders increased the demand for corticosteroids, driving the market.

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Key Corticosteroids Market Trend – Developing Silicones For Topical And Transdermal Drug Delivery
Silicone gel sheets are soft wound covers composed of cross-linked polymers reinforced with or bonded to mesh or fabric. A new strategy to deliver drugs to the inner ear from dexamethasone (DXM)-loaded silicone implants and to evaluate the distribution of the drug in the cochlea with confocal microscopy and the development of a new device for local corticosteroids delivery into the oval window with an extended drug release of DXM to the inner ear is also seen in recent years. Silicone gel sheeting is also an excellent treatment option for pediatric patients who may not be able to tolerate intralesional corticosteroid injection. Silicone-based pressure-sensitive adhesives for transdermal drug delivery have shown higher diffusivity and greater skin permeation rate. Silicones offer several advantages such as improved drug permeability, and high diffusivity and offer efficient function and performance to modern drug products.

Corticosteroids Market Segment
1) By Product: Glucocorticoids, Mineralocorticoids
2) By Application: Skin Allergies, Rhuematology Indications, Endocrinology, Acute Respiratory Diseases, Other Applications
3) By End User: Hospitals, Clinics, Research Institutes, Other End Users

Corticosteroids Market Major Players and Strategies
Major players in the corticosteroids market are Sumitomo, Pfizer, Novartis, Merck, Sanofi, Johnson and Johnson, GSK, AstraZeneca, Cipla, LEO Pharma, Abbott Laboratories, Bayer and Zizhu Pharma.

The Corticosteroids Global Market Report 2023 covers regional data on corticosteroids market size, corticosteroids market trends and drivers, opportunities, strategies, and corticosteroids market competitor analysis. The countries covered in the corticosteroids market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

Corticosteroids therapy refers to a treatment that is given in a variety of ways to stifle the immune system and reduce inflammation. Asthma is one of the disorders they are used to treat allergy symptoms like hay fever, and urticaria (hives). Corticosteroids, sometimes known as steroids, are a kind of anti-inflammatory medication.

View More Reports Related To The Corticosteroids Market –
Dermatitis Global Market Report 2023
Psoriasis Global Market Report 2023
Inflammatory Bowel Disease Treatment Global Market Report 2023

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