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The corticosteroids market is forecasted to achieve high growth in the coming few years with a forecast CAGR (compound annual growth rate) of more than 4%, as per The Business Research Company’s market report!

Read More On The Corticosteroids Market Report 2022 – https://www.thebusinessresearchcompany.com/report/corticosteroid-global-market-report

The Corticosteroids Market Size In 2022 And Forecast

The global corticosteroids market is expected to grow from $4.85 billion in 2021 to $5.05 billion in 2022 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, affecting many markets across the globe. The corticosteroid market is expected to reach $5.93 billion in 2026 at a CAGR of 4.1%.

The corticosteroids therapy market consists of sales of synthetic corticosteroid drugs used to treat a wide variety of disorders, including asthma, arthritis, skin conditions, and autoimmune diseases, and lowers inflammation in the body.

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Increase In The Prevalence Of Skin Related Diseases Is Driving The Growth Of The Corticosteroids Market

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. According to the European Academy of Dermatology and Venereology report in 2019, of the 2,701 individuals in the survey, at least one skin disorder was found in 1,662 participants (64.5%). Rosacea (25.5%), eczema (11.7%), Actinic keratosis (26.6%) were the most prominent diagnoses. Skin disorders increased with age and were more prevalent in men (72.3%) than in women (58.0%). The increased prevalence of such disorders increased the demand for corticosteroids, driving the market.

Competitive Landscape And The Regional Analysis Of The Corticosteroids Market

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.

Additionally, as per TBRC’s research – North America was the largest region in the corticosteroids market in 2021 holding the largest market share and Middle East is expected to be the fastest-growing region in the forecast period.

The Corticosteroids Global Market Report 2022 covers regional data on key drivers, opportunities, and strategies for the seven major regions of the world that are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. 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. The report includes market size and forecast market shares for all the regions and countries with respect to the major players of the corticosteroids market.

Development Of Silicones – A Key Trend In The Corticosteroids Market

The development of silicones for topical and transdermal drug delivery is one of the key trends in the corticosteroid therapy market. Silicone gel sheets are soft wound covers composed of cross-linked polymers reinforced with or bonded to mesh or fabric.

Corticosteroids Market Segmentation By The Business Research Company

1) By Product: Glucocorticoids, Mineralocorticoids

2) By Application: Skin Allergies, Rhuematology Indications, Endocrinology, Acute Respiratory Diseases, Others

3) By End-User: Hospitals, Clinics, Research Institutes, Others

Here Are Some Reports Related To The Corticosteroids Market –

Arthritis Monoclonal Antibodies Global Market Report 2022

Autoimmune Disease Diagnosis Global Market Report 2022

Pharmaceuticals Global Market Report 2022

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