The Global Topical Corticosteroids Market
The Global Topical Corticosteroids Market was valued at USD 4.85 billion in 2021, would rocket up to USD 6.08 billion by 2027 at a CAGR 5.7% from 2022-2027.
Corticosteroids are the steroid hormones that are produced either by the body or synthetically. These hormones are produced by adrenal cortex. Topical corticosteroids are mostly used to treat a wide range of inflammatory diseases as these are hydrocortisone-derivative compounds with separate anti-inflammatory potency. When the body or adrenal cortex fails to produce the required corticosteroids, the patients are given synthetic corticosteroids.
Market Drivers
Rising figure of acute and chronic inflammatory disease & disorder such as rash, dermatitis, itching, eczema, etc., globally due to various factors is one of the major factors boosting the growth of market. Increasing expenditure for research and development expertise chiefly in the developed and developing countries concerning to the medical instruments and devices will further drive the growth of Global Topical Corticosteroids Market. Increasing focus towards enhancing the condition of healthcare facilities and upgrading the overall healthcare infrastructure are the other important components to drive the growth of market.
Market Restraints
In contrast, high price associated with the research and development expertise, limited infrastructure facilities, rough distribution of medical services and death of awareness in backward countries are restrains the growth of market. Additionally, absence of favourable reimbursement framework and technology penetration in the evolving countries, decrease in the healthcare expenses in the advancing economies, rise in patent expiry, pricing pressure by the government, side effects of topical corticosteroids and absence of suitable infrastructure in low- and middle-income territory are predicted to hamper the market in the forecast period of 2022-2029.
Market Segmentation
The Global Topical Corticosteroids Market is segmented into Molecule Name, Application, Medication, End User, Distribution Channel. By Molecule Name such as Fludroxycortide, Triamcinolone Acetonide, Fluocinolone Acetonide, Antiseptics, Betamethasone, Clobetasone Propionate, Clobetasone Butyrate, Halobetasone, Mometasone, Others. By Application such as Acne, Dermatitis, Psoriasis, Skin Infection, Hyperpigmentation, Melasma, Others. By Medication such as Ointments, Creams, Liquid & Solutions, Lotions, Gel, Oils, Pastes, Sprays, Others), By End User (Hospital, Dermatology, Clinics, Homecare, Others. By Distribution Channel such as Hospital Pharmacies, Pharmacy Stores, Online Pharmacies, Others.
Regional Analysis
The Global Topical Corticosteroids Market is segmented into five regions North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. North America influences the topical corticosteroids market as of the strong base of healthcare facilities, extensive usage of medication, rise in the cost of health care, fast growth in the incidences of skin diseases, high demand for new topical products for its treatment and increasing number research activities in this region.
Asia pacific is anticipated to significant growth during the forecast period 2022-2027 owing to rise in government initiative to assist awareness, increase in medical tourism, rising research activities in this region, availability of huge untapped markets, great population pool, existence of large number of dermatology clinics, and the increasing demand quality healthcare in this region.
Key Players
Various Key Players are listed in this report such as GlaxoSmithKline plc (UK), Almirall, S.A (Spain), Merck & Co., Inc. (Germany), Bausch Health (Canada), Sandoz International GmbH (Germany), Pfizer Inc. (US), AstraZeneca (UK), Sanofi (France), Bayer AG (Germany), McKesson Corporation (US).
Market Taxonomy
By Molecule Name
By Application
By Medication
By End User
By Region
Global Topical Corticosteroids Market TOC
1 Introduction
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Global Topical Corticosteroids Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Global Topical Corticosteroids Market, By Molecule Name
5.1 Y-o-Y Growth Comparison, By Molecule Name
5.2 Global Topical Corticosteroids Market Share Analysis, By Molecule Name
5.3 Global Topical Corticosteroids Market Size and Forecast, By Molecule Name
5.3.1 Fludroxycortide
5.3.2 Triamcinolone Acetonide
5.3.3 Fluocinolone Acetonide
5.3.4 Antiseptics
5.3.5 Betamethasone
5.3.6 Clobetasone Propionate
5.3.7 Clobetasone Butyrate
5.3.8 Halobetasone
5.3.9 Mometasone
5.3.10 Others.
6 Global Topical Corticosteroids Market, By Application
6.1 Y-o-Y Growth Comparison, By Application
6.2 Global Topical Corticosteroids Market Share Analysis, By Application
6.3 Global Topical Corticosteroids Market Size and Forecast, By Application
6.3.1 Acne
6.3.2 Dermatitis
6.3.3 Psoriasis
6.3.4 Skin Infection
6.3.5 Hyperpigmentation
6.3.6 Melasma
6.3.7 Others.
7 Global Topical Corticosteroids Market, By Medication
7.1 Y-o-Y Growth Comparison, By Medication
7.2 Global Topical Corticosteroids Market Share Analysis, By Medication
7.3 Global Topical Corticosteroids Market Size and Forecast, By Medication
7.3.1 Ointments
7.3.2 Creams
7.3.3 Liquid & Solutions
7.3.4 Lotions
7.3.5 Gel
7.3.6 Oils
7.3.7 Pastes
7.3.8 Sprays
7.3.9 Others
8 Global Topical Corticosteroids Market, By End User
8.1 Y-o-Y Growth Comparison, By End User
8.2 Global Topical Corticosteroids Market Share Analysis, By End User
8.3 Global Topical Corticosteroids Market Size and Forecast, By End User
8.3.1 Hospital
8.3.2 Dermatology
8.3.3 Clinics
8.3.4 Homecare
8.3.5 Others
9 Global Topical Corticosteroids Market, By Distribution Channel
9.1 Y-o-Y Growth Comparison, By Distribution Channel
9.2 Global Topical Corticosteroids Market Share Analysis, By Distribution Channel
9.3 Global Topical Corticosteroids Market Size and Forecast, By Distribution Channel
9.3.1 Hospital Pharmacies
9.3.2 Pharmacy Stores
9.3.3 Online Pharmacies
9.3.4 Others.
10 Global Topical Corticosteroids Market, By Region
10.1 Global Topical Corticosteroids Market Share Analysis, By Region
10.2 Global Topical Corticosteroids Market Share Analysis, By Region
10.3 Global Topical Corticosteroids Market Size and Forecast, By Region
11 North America Industrial Coating Market Analysis and Forecast (2022-2027)
11.1 Introduction
11.2 North America Industrial Coating Market Share Analysis, By Molecule Name
11.3 North America Industrial Coating Market Size and Forecast, By Application
11.4 North America Industrial Coating Market Size and Forecast, By Medication
11.5 North America Industrial Coating Market Size and Forecast, By End User
11.6 North America Industrial Coating Market Size and Forecast, By Distribution Channel
11.7 North America Industrial Coating Market Size and Forecast, By Country
11.7.1 U.S.
11.7.2 Canada
11.7.3 Mexico
12 Europe Industrial Coating Market Analysis and Forecast (2022-2027)
12.1 Introduction
12.2 Europe Industrial Coating Market Share Analysis, By Molecule Name
12.3 Europe Industrial Coating Market Size and Forecast, By Application
12.4 Europe Industrial Coating Market Size and Forecast, By Medication
12.5 Europe Industrial Coating Market Size and Forecast, By End User
12.6 Europe Industrial Coating Market Size and Forecast, By Distribution Channel
12.7 Europe Industrial Coating Market Size and Forecast, By Country
12.7.1 Germany
12.7.2 France
12.7.3 UK
12.7.4. Rest of Europe
13 Asia Pacific Industrial Coating Market Analysis and Forecast (2022-2027)
13.1 Introduction
13.2 Asia Pacific Industrial Coating Market Share Analysis, By Molecule Name
13.3 Asia Pacific Industrial Coating Market Size and Forecast, By Application
13.4 Asia Pacific Industrial Coating Market Size and Forecast, By Medication
13.6 Asia Pacific Industrial Coating Market Size and Forecast, By Country
13.6.1 China
13.7.2 Japan
13.8.3 India
13.8.4. Rest of Asia Pacific
14 Latin America Industrial Coating Market Analysis and Forecast (2022-2027)
14.1 Introduction
14.2 Latin America Industrial Coating Market Share Analysis, By Molecule Name
14.3 Latin America Industrial Coating Market Size and Forecast, By Application
14.4 Latin America Industrial Coating Market Size and Forecast, By Medication
14.5 Latin America Industrial Coating Market Size and Forecast, By End User
14.6 Latin America Industrial Coating Market Size and Forecast, By Distribution Channel
14.7 Latin America Industrial Coating Market Size and Forecast, Country
14.7.1. Brazil
14.7.2. Rest of Latin America
15 Middle East Industrial Coating Market Analysis and Forecast (2022-2027)
15.1 Introduction
15.2 Middle East Industrial Coating Market Share Analysis, By Molecule Name
15.3 Middle East Industrial Coating Market Size and Forecast, By Application
15.4 Middle East Industrial Coating Market Size and Forecast, By Medication
15.5 Middle East Industrial Coating Market Size and Forecast, By End User
15.6 Middle East Industrial Coating Market Size and Forecast, By Distribution Channel
15.7 Middle East Industrial Coating Market Size and Forecast, By Country
15.7.1. Saudi Arabia
15.7.2. UAE
15.7.3. Egypt
15.7.4. Kuwait
15.7.5. South Africa
16 Competitive Analysis
16.1 Competition Dashboard
16.2 Market share Analysis of Top Vendors
16.3 Key Development Strategies
17 Company Profiles
17.1 GlaxoSmithKline plc
17.1.1 Overview
17.1.2 Types
17.1.3 Key Financials
17.1.4 Business Segment & Geographic Overview
17.1.5 Key Market Developments
17.1.6 Key Strategies
17.2. Almirall
17.2.1 Overview
17.2.2 Types
17.2.3 Key Financials
17.2.4 Business Segment & Geographic Overview
17.2.5 Key Market Developments
17.2.6 Key Strategies
17.3. S.A
17.3.1 Overview
17.3.2 Types
17.3.3 Key Financials
17.3.4 Business Segment & Geographic Overview
17.3.5 Key Market Developments
17.3.6 Key Strategies
17.4 Merck & Co., Inc.
17.4.1 Overview
17.4.2 Types
17.4.3 Key Financials
17.4.4 Business Segment & Geographic Overview
17.4.5 Key Market Developments
17.4.6 Key Strategies
17.5 Bausch Health
17.5.1 Overview
17.5.2 Types
17.5.3 Key Financials
17.5.4 Business Segment & Geographic Overview
17.5.5 Key Market Developments
17.5.6 Key Strategies
17.6 Sandoz International GmbH
17.6.1 Overview
17.6.2 Types
17.6.3 Key Financials
17.6.4 Business Segment & Geographic Overview
17.6.5 Key Market Developments
17.6.6 Key Strategies
17.7 Pfizer Inc.
17.7.1 Overview
17.7.2 Types
17.7.3 Key Financials
17.7.4 Business Segment & Geographic Overview
17.7.5 Key Market Developments
17.7.6 Key Strategies
17.8 AstraZeneca
17.8.1 Overview
17.8.2 Types
17.8.3 Key Financials
17.8.4 Business Segment & Geographic Overview
17.8.5 Key Market Developments
17.8.6 Key Strategies
17.8 Sanofi
17.8.1 Overview
17.8.2 Types
17.8.3 Key Financials
17.8.4 Business Segment & Geographic Overview
17.8.5 Key Market Developments
17.8.6 Key Strategies
17.9 Bayer AG
17.9.1 Overview
17.9.2 Types
17.9.3 Key Financials
17.9.4 Business Segment & Geographic Overview
17.9.5 Key Market Developments
17.9.6 Key Strategies
17.10 McKesson Corporation
17.9.1 Overview
17.9.2 Types
17.9.3 Key Financials
17.9.4 Business Segment & Geographic Overview
17.9.5 Key Market Developments
17.9.6 Key Strategies
