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

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

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 corticosteroids market is expected to grow from $6.33 billion in 2027 at a CAGR of 4.7%.

Major Driver In The Corticosteroids Market ­– Increase In The Prevalence Of Skin Related Diseases
According to an article provided by Cleveland Clinic, a US-based non-profit academic medical centre, skin cancer will affect nearly one in every five people in November 2021. Every day, 9,500 Americans are diagnosed with skin cancer. At some time in their life, 20% of Americans will develop skin cancer. The rising occurrence of such illnesses boosted demand for corticosteroids, propelling the market.

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Key Corticosteroids Market Segments
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

Recent Corticosteroids Market Trend – Developing Silicones For Topical And Transdermal Drug Delivery
Soft wound covers made of cross-linked polymers reinforced with or attached to mesh or fabric are known as silicone gel sheets. In recent years, there has been 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, as well as 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. In addition, silicone gel sheeting is a great therapy choice for paediatric children who may not tolerate intralesional corticosteroid injection. Pressure-sensitive silicone adhesives for transdermal medication delivery demonstrated better diffusivity and skin absorption rate. Silicones provide various benefits to current drug products, including better drug permeability and high diffusivity, as well as efficient operation and performance.

Corticosteroids Market Prominent Players
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.

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The Corticosteroids Global Market Report 2023  provides a comprehensive overview on the corticosteroids market size, trends and drivers, opportunities, strategies, and companies 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 is a medication that suppresses the immune system and reduces inflammation in a variety of methods. Asthma is one of the conditions utilised to treat allergy symptoms such as hay fever and urticaria (hives). Corticosteroids, sometimes known as steroids, are anti-inflammatory medications.

View More Related Reports –
Immunosuppressants Global Market Report 2023
Psoriasis Global Market Report 2023
Dermatitis Global Market Report 2023

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