Topical Corticosteroids Market to Witness Astonishing Growth with GlaxoSmithKline plc., LEO, Almirall, S.A, Bausch Health

Global Topical Corticosteroids Market

Global Topical Corticosteroids Market – Industry Trends – Forecast to 2026

Global Topical Corticosteroids Market is expected to rise from its initial estimated value of USD 3154.01million in 2018 to an estimated value of USD 4877.24 million by 2026, registering a CAGR of 5.6% in the forecast period of 2019-2026. This rise in market value can be attributed to the increasing prevalence of chronic disease or condition.

Global Topical Corticosteroids Market By Molecule Name (Fludroxycortide, Triamcinolone Acetonide, Fluocinolone Acetonide, Antiseptics, Betamethasone, Clobetasone Propionate, Clobetasone Butyrate, Halobetasone, Mometasone, Others), Potency Class (Ultra-High, High,   Moderate, Mild), Application (Acne, Dermatitis, Psoriasis, Skin Infection, Hyperpigmentation, Melasma, Others), Medication Type(Ointments, Creams, Liquid & Solutions, Lotions, Gel, Oils, Pastes, Sprays, Others), End-User (Hospital, Dermatology Clinics, Homecare, Others), Distribution Channel(Hospital Pharmacies, Pharmacy Stores, Online Pharmacies, Others), Purchase Mode(Over The Counter (Otc) Based, Prescription Based), Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa) – Industry Trends & Forecast to 2026

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Some of the major competitors currently working in the topical corticosteroids market are GlaxoSmithKline plc. (UK), Merck Sharp & Dohme Corp. (US), LEO (Denmark), Almirall, S.A (Spain), Bausch Health (Canada), Cerecor, Inc., Sandoz International GmbH (Germany), Pfizer Inc. (US), Sanofi (France), AstraZeneca (UK), Almirall, LLC, Godetia Healthcare, Bayer AG, McKesson Medical-Surgical Inc., Regeneron (US), ALLERGAN (Ireland), Galderma laboratories (Switzerland), Novartis AG(Switzerland), and others

Key Developments in the Market:

  • In April 2019, ViiV Healthcare announced that they got approval from US Food and Drug Administration (FDA) to Dovato, the first, once-daily, single-tablet, two-drug regimen for treatment.
  • In April 2019, GSK receives approval from U.S related to Benlysta for intravenous use in children with lupus aged five years and above.

Market Definition: Global Topical Corticosteroids Market

Topical corticosteroids (steroids) is defined as a medications which is directly applied to the skin with intention to reduce irritation and inflammation, ; it is available in several different forms like ointments, gels, creams, lotions, mousses. They are available in four different potencies (strengths), known as mild, moderate, potent, and very potent

According to the CDC, in U.S 2 million people are infected with bacteria that are resistant to antibiotics, and at least 23,000 people die due to such infections. Increasing investment in research and development, act as a driver to the market.

Market Drivers

  • Growing number of geriatric population, this act as a driver to the market.
  • Growth in demand of topical drug delivery drugs, this act as a driver to the market.

Market Restraints

  • Expiry of patent for drugs, this act as restraints to the market.
  • Weak reimbursement policies, this act as restraints to the market.

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By Molecule Name

  • Fludroxycortide
  • Triamcinolone Acetonide
  • Fluocinolone Acetonide
  • Antiseptics
  • Betamethasone
  • Clobetasone Propionate
  • Clobetasone Butyrate
  • Halobetasone
  • Mometasone
  • Others

By Potency Class

  • Ultra High
    • Clobetasol Propionate
    • Diflorasone Diacetate
    • Betamethasone Dipropionate Glycol
  • High
    • Amcinonide
    • Betamethasone Dipropionate
    • Desoximetasone
    • Fluocinonide
    • Others
  • Moderate
    • Desoximetasone
    • Fluocinolone Acetonide
    • Fludroxycortide
    • Hydrocortisone Valerate
    • Triamcinolone Acetonide
    • Clobetasone Butyrate
    • Others
  • Mild
    • Hydrocortisone
    • Hydrocortisone Acetate
    • Betamethasone Valerate
    • Desonide
    • Fluocinolone Acetonide
    • Other

By Application

  • Acne
  • Dermatitis
  • Psoriasis
  • Skin Infection
  • Hyperpigmentation
  • Melasma
  • Others

By Medication Type

  • Ointments
  • Creams
  • Liquid & Solutions
  • Lotions
  • Gel
  • Oils
  • Pastes
  • Sprays
  • Others

By End User

  • Hospital
  • Dermatology Clinics
  • Homecare
  • Others

By Distribution Channel

  • Hospital Pharmacies
  • Pharmacy Stores
  • Online Pharmacies
  • Others

By Purchase Mode

  • Over The Counter (Otc) Based
  • Prescription Based

By Geography

  • North America
  • South America
  • Europe
  • Asia-Pacific
  • Middle East & Africa

Competitive Analysis: Global Topical Corticosteroids Market

Global topical corticosteroids market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of topical corticosteroids market for Global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.

Reasons to Purchase this Report

  • Current and future of global topical corticosteroids market outlook in the developed and emerging markets
  • The segment that is expected to dominate the market as well as the segment which holds highest CAGR in the forecast period
  • Regions/Countries that are expected to witness the fastest growth rates during the forecast period
  • The latest developments, market shares, and strategies that are employed by the major market players

Customization of the Report:

  • All segmentation provided above in this report is represented at country level
  • All products covered in the market, product volume and average selling prices will be included as customizable options which may incur no or minimal additional cost (depends on customization)

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