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What is the Forecasted Expansion Rate of the Corticosteroids Market Over the 2025–2034 Period?

The market for corticosteroids has been experiencing a stable increase in size over the past few years. The expectations hint at an expansion from $5.47 billion in 2024 to $5.7 billion in 2025, maintaining a compound annual growth rate (CAGR) of 4.1%. Aspects that contributed to the growth during the historic period include its use in therapy for inflammation, autoimmune diseases and to suppress the immune system, in managing respiratory conditions and asthma, in responding to allergic reactions and in dermatology, and in supporting cancer treatment.

The market for corticosteroids is projected to experience significant expansion in the upcoming years, ballooning to a value of $7.24 billion in 2029, progressing at an annual compound growth rate of 6.2%. Factors contributing to this anticipated growth during the prediction period include increased occurrences of chronic conditions, the widening scope for use in rheumatology, advancements in medication delivery, the rising aging population, and advancements in corticosteroid therapeutics research. Key trends for the prediction period are an emphasis on immunomodulatory effects, growth of the biosimilar market, the progression of combination therapies, the creation of pediatric-specific formulations, and a concentration on regulatory compliance.

Which Major Market Drivers Are Expected to Boost the Corticosteroids Market’s Growth Potential?

The escalating need for cancer therapy is set to boost the advancement of the corticosteroid market. Cancer therapy comprises several treatments like surgery, chemotherapy, radiation therapy, immunotherapy, and targeted treatments, all intended to destroy cancer cells and mitigate symptoms. The burgeoning requirement for cancer therapy is propelled by numerous elements, such as increased cancer instances, heightened awareness and screening, better access to healthcare, and the presence of supportive care services. Cortex-based steroids serve to minimize symptoms and increase the tolerance of cancer treatments, thereby contributing to superior patient results and endorsing the escalating requirement for all-inclusive cancer care. For instance, in May 2024, the National Health Service (NHS) of the UK reported that treatment activity had hit unprecedented levels, with over 1,400 patients beginning their cancer therapy each business day. Between April 2023 and March 2024, close to 340,000 individuals received their introductory cancer treatment. Hence, the escalating need for cancer therapy bolsters the advancement of the corticosteroid market.

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Who Are the Leading Organizations Fueling the Expansion of the Corticosteroids Market?

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 Are Market Trends Revolutionizing the Corticosteroids Industry in Recent Times?

One of the principal trends in the corticosteroid therapy market is the advancement in silicones for topical and transdermal drug delivery. Silicone gel sheets are pliable covers for wounds, featuring cross-linked polymers that are strengthened or adhered to a mesh or fabric. Recently, a novel method has been developed using silicone implants loaded with dexamethasone (DXM) to deliver drugs to the inner ear and assess the drug’s dispersion in the cochlea through confocal microscopy. There has also been development of a new device intended for local corticosteroids delivery into the oval window, which provides an extended release of DXM to the inner ear. For younger patients who may not be able to tolerate intralesional corticosteroid injections, silicone gel sheeting serves as an excellent alternative. Transdermal drug delivery with silicone-based pressure-sensitive adhesives has been shown to increase diffusion and enhance skin permeation rates. Silicones provide several benefits including enhanced drug permeability, high diffusivity, and heightened effectiveness in modern drug products.

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Which Primary Segments of the Corticosteroids Market Are Driving Growth and Industry Transformations?

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

Which Regions Are Most Influential in Expanding 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

How Is the Corticosteroids Market Categorized and Defined in the Industry?

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 such as hay fever, and urticaria (hives). Corticosteroids, sometimes known as steroids, are a kind of anti-inflammatory medication.

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