Topical Corticosteroids Market Size, Forecast and Opportunities: Current Technological Measures and Advancements
Market Highlights
Topical corticosteroids (steroids) are medication and
available in various forms such as creams, lotions, and solutions. They are
directly applied to the skin to reduce inflammation and irritation.
Increasing prevalence of skin diseases worldwide and lack of
awareness in both developed and developing countries are some of the factors
that drive the growth of the market. Additionally, increasing geriatric
population with skin disease, which in some cases remain untreated for a long
period boost the market growth.
The global Topical
Corticosteroids Market Size is expected to grow at a CAGR of about 5.8%
during the forecast period 2017-2023.
Taste the market data and market information presented
through more than 125 market data tables and figures spread over 110 pages of
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synopsis on “topical corticosteroids market research report–Global forecast
till 2023.”
Major Players in the Topical Corticosteroids Market
Some of the key players in the global market are
·
AstraZeneca plc.,
·
GlaxoSmithKline plc.,
·
Merck & Co., Inc.,
·
Pfizer Inc.,
·
Sandoz AG (Novartis AG),
·
Sanofi S.A.,
·
Actimis Pharmaceuticals,
·
Valeant Pharmaceuticals,
·
Almirall, S.A,
·
Zylera Pharmaceuticals.
Segmentation
The global topical corticosteroids market is segmented on
the basis of type of formulation. it is segmented into ointments, creams, and
others.
·
On the basis of type of potency class, it
is segmented into ultra-high, high, moderate, and low. The ultra-high is
further segmented into clobetasol propionate, and diflorasone diacetate. The
high segment is further segmented into amcinonide, betamethasone dipropionate,
desoximetasone, fluocinonide, halcinonide, and others. The moderate segment is
further segmented into desoximetasone, fluocinolone acetonide, fludroxycortide,
hydrocortisone valerate, triamcinolone acetonide, and others. And the low
segment is further segmented into betamethasone valerate, desonide,
fluocinolone acetonide, and others.
·
On the basis of treatment, it is
segmented into contact dermatitis, insect stings, psoriasis, eczema, and
others.
·
On the basis of end user, the market is
segmented into hospitals, dermatology clinics, pharmacies, and others.
Regional Analysis
The global topical corticosteroids market consists of four
regions: the Americas, Europe, Asia Pacific, and the Middle East & Africa.
The Americas dominates the global topical
pharmaceuticals market. It comprises of two regions namely North
America and South America. North America is the largest market owing to rising
prevalence of skin diseases in the American counties and increasing geriatric
population with skin related diseases. According to the American Academy of
Dermatology, ~50% of Americans over age 65 have one or other forms of skin
diseases.
In Europe, extensive demand for skin care and topical products
to treat skin diseases drives the demand for topical corticosteroids. Moreover,
increasing expenditure in healthcare domain and investment in the research
& development of new treatment methods for skin related diseases will fuel
to the growth of the market.
Asia Pacific is the fastest growing and potential market for
the topical corticosteroids due to increasing number of dermatology clinics and
rising prevalence of skin related diseases in the developing countries.
Furthermore, government support and encouragement to healthcare domain, and favourable
government policies for pharmaceuticals companies likely to drive the growth of
this market over the review period.
The Middle East & Africa is expected witness steady
growth due to rising demand for primary healthcare services such as new and
advanced treatment methods in healthcare domain.
Table
of Content:
1
Report Prologue
2
Market Introduction
2.1 Definition
2.2 Scope Of The Study
2.2.1 Research Objective
2.2.2 Assumptions
2.2.3 Limitations
3
Research Methodology
3.1 Introduction
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation
4
Market Dynamics
4.1 Drivers
4.2 Restrains
4.3 Opportunities
4.4 Challenges
4.5 Macroeconomic Indicators
4.6 Technology Trends &
Assessment
5.
Market Factor Analysis
5.1 Porters Five Forces
Analysis
5.1.1 Bargaining Power Of
Suppliers
5.1.2 Bargaining Power Of
Buyers
5.1.3 Threat Of New Entrants
5.1.4 Threat Of Substitutes
5.1.5 Intensity Of Rivalry
5.2 Value Chain
5.3 Investment Feasibility
Analysis
5.4 Price Factor Analysis
TOC will be continue..
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