Global Topical Corticosteroids Market 2018-2022

Below are some of the key findings from the topical corticosteroids market research report

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Global topical corticosteroids industry overview

The growing prevalence of skin diseases is one of the key factors expected to trigger the market’s growth in the forthcoming years. The rising incidences of rashes, dermatitis, itching, eczema, and psoriasis are fostering the demand for topical corticosteroids in the forthcoming years. According to the CDC, each year in the US, at least 2 million people are infected with bacteria that are resistant to antibiotics, and at least 23,000 people die due to such infections. As a result, with rising incidences of such skin-related disorders, the topical corticosteroids market will register a CAGR of close to 6% during the forecast period.

The development of silicones for topical and transdermal drug delivery is one of the key trends expected to gain traction in the forthcoming years. Manufacturers are using silicones in medicines, cosmetics, and medical devices for offering efficient function and performance to modern drug products. Modern technologies including swollen cross-linked silicone elastomer blend networks, sugar siloxanes, linear polymers, and silicone hybrid pressure-sensitive adhesives have further shown enhanced drug delivery efficacy.

Top topical corticosteroids companies covered in this market research report

The topical corticosteroids market is moderately fragmented with companies focusing on offering high-quality products catering the evolving end-user requirements. By offering a complete analysis of the market’s competitive landscape and with information on the products offered by the companies, the topical corticosteroids industry analysis report will aid clients to identify new growth opportunities and design innovative strategies for strengthening their position in the market.

The report offers a complete analysis of various companies including:

• GlaxoSmithKline
• LEO Pharma
• Merck Sharp & Dohme
• Novartis
• Pfizer

Topical corticosteroids market segmentation based on geographic regions

• Americas
• APAC
• EMEA

With a complete study of the growth opportunities for the companies, the Americas will account for the highest topical corticosteroids market revenue throughout the forecast period due to the rising prevalence of skin diseases and the increasing geriatric population in the region. The APAC region, however, will contribute the fastest growth in the market due to the increasing government support for R&D in the healthcare domain, the rising number of dermatology clinics, and the surge in the prevalence of skin-related diseases.

Topical corticosteroids market segmentation based on product

• Prescription
• OTC

The prescription segment will account for the highest topical corticosteroids market growth due to the higher safety associated with these drugs as compared to OTC drugs. Additionally, the report also provides an accurate prediction of the contribution of the various product segments to the growth of the topical corticosteroids market size.

Key highlights of the global topical corticosteroids market for the forecast years 2018-2022:

• CAGR of the market during the forecast period 2018-2022
• Detailed information on factors that will accelerate the growth of the topical corticosteroids market during the next five years
• Precise estimation of the global topical corticosteroids market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• Growth of the topical corticosteroids industry across the Americas, APAC, and EMEA
• A thorough analysis of the market’s competitive landscape and detailed information on several vendors
• Comprehensive details on the factors that will challenge the growth of topical corticosteroids companies

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