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.
The global topical
corticosteroids market trends is expected to grow at a CAGR of about 5.8%
during the forecast period 2017-2023.
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.
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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, and 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
corticosteroids 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.
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