Asia-Pacific 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), Country (Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific) Industry Trends and Forecast to 2027
Market Analysis and Insights: Asia-Pacific Topical Corticosteroids Market
Topical corticosteroids market is expected to gain market growth in the forecast period of 2020 to 2027. Data Bridge Market Research analyses the market to account to USD 1,017.37 million by 2027 growing at a CAGR of 6.55% in the above-mentioned forecast period. The increasing prevalence of chronic disease or condition will help in driving the growth of the topical corticoesteroids market.
Rising aging population, growth in topical drug delivery, increasing research and development, new product launches will likely to accelerate the growth of the topical corticosteroids market in the forecast period of 2020-2027. On the other hand, promotion and branding initiatives undertaken by major products will further boost various opportunities that will lead to the growth of the topical corticosteroids market in the above mentioned forecast period.
The side effects associated with the usage of corticosteroids, such as, severe amebic colitis, neuropsychiatric disorders, including anxiety and depression, metabolic changes, endocrine and gastrointestinal issues, and others and limited patient qualification for bracing-mediated orthopedic treatment will likely to hamper the growth of the topical corticosteroids market in the above mentioned forecast period. The highly fragmented market is going to be a challenge for the topical corticosteroids market.
This topical corticosteroids market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on topical corticosteroids market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Asia-Pacific Topical Corticosteroids Market Scope and Market Size
Topical corticosteroids market is segmented on the basis of molecule name, potency class, application, medication type, end user, distribution channel and purchase mode. The growth amongst these segments will help you analyse meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
- Based on molecule name, the topical corticosteroids market is segmented into fludroxycortide, triamcinolone acetonide, fluocinolone acetonide, antiseptics, betamethasone, clobetasone propionate, clobetasone butyrate, halobetasone, mometasone and others.
- On the basis of potency class, the topical corticosteroids market is segmented into ultra-high, high, moderate and mild. The ultra-high is further sub segmented into clobetasol propionate, diflorasone diacetate and betamethasone dipropionate glycol. The high is further sub- segmented into amcinonide, betamethasone dipropionate, desoximetasone, fluocinonide and others. The moderate is further sub-segmented into desoximetasone, fluocinolone acetonide, fludroxycortide, hydrocortisone valerate, triamcinolone acetonide, clobetasone butyrate and others. The mild is further sub-segmented into hydrocortisone, hydrocortisone acetate, betamethasone valerate, desonide, fluocinolone acetonide and other.
- Based on application, the topical corticosteroids market is segmented into acne, dermatitis, psoriasis, skin infection, hyperpigmentation, melisma and others.
- On the basis of medication type, the topical corticosteroids market is segmented into ointments, creams, liquid & solutions, lotions, gel, oils, pastes, sprays and others.
- Based on end user, the topical corticosteroids market is segmented into hospital, dermatology clinics, homecare and others.
- Based on distribution channel, the topical corticosteroids market is segmented into hospital pharmacies, pharmacy stores, online pharmacies, and others.
- Topical corticosteroids market has also been segmented based on the purchase mode into over the counter (OTC) based and prescription based.
Topical Corticosteroids Market Country Level Analysis
Topical corticosteroids market is analysed and market size insights and trends are provided by country, molecule name, potency class, application, medication type, end user, distribution channel and purchase mode as referenced above.
The countries covered in the Asia-Pacific topical corticosteroids market report are China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, and rest of Asia-Pacific (APAC).
Asia-Pacific is expected to grow at the highest growth rate in the forecast period of 2020 to 2027 due to increasing government support for research & development in healthcare domain, growing number of dermatology clinics, and increasing prevalence of skin diseases.
The country section of the topical corticosteroids market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of g Asia-Pacific brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Topical Corticosteroids Market Share Analysis
Topical corticosteroids market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, Asia-Pacific presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to topical corticosteroids market.
The major players covered in the Asia-Pacific topical corticosteroids market report are LEO Pharma, GlaxoSmithKline plc, Pfizer Inc., Almirall, S.A, Bausch Health Companies Inc., Cerecor, Inc., McKesson Medical-Surgical Inc., Sanofi, AstraZeneca, Bayer AG among other domestic players. Market share data is available for Asia-Pacific (APAC) separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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