Global Topical Corticosteroids Market 2018-2022
About Topical Corticosteroids
Corticosteroids are hormones produced by the adrenal glands within the body. Topical corticosteroids are synthetic corticosteroids that are used for the treatment of skin-related diseases such as psoriasis, eczema, dermatitis, and itching.
Technavio’s analysts forecast the Global Topical Corticosteroids Market to grow at a CAGR of 5.94% during the period 2018-2022.
Covered in this report
The report covers the present scenario and the growth prospects of the topical corticosteroids market. To calculate the market size, the report considers the revenue generated from the retail sales of topical corticosteroids across the globe.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report - Global Topical Corticosteroids Market 2018-2022
Technavio recognizes the following companies as the key players in the global topical corticosteroids market: GlaxoSmithKline, LEO Pharma, Merck Sharp & Dohme, Novartis, and Pfizer.
Commenting on the report, an analyst from Technavio’s team said: “One trend affecting this market is the growing customer preference for topical delivery. The global topical corticosteroids industry is expected to accelerate over the next five years, driven by increasing consumer preference for topical drug delivery across the globe.”
According to the report, one driver influencing this market is the increasing prevalence of skin diseases. The global topical corticosteroids market is expected to witness a rapid growth due to increasing cases of skin disorders such as rashes, eczema, dermatitis, and psoriasis.
Further, the report states that one challenge affecting this market is highly fragmented. The global topical corticosteroids market is highly fragment owing to the presence of several large established and small players.
Merck Sharp & Dohme