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Global Steroid Injections Market – Industry Trends and Forecast to 2029

  • Medical Devices
  • Upcoming Report
  • Jun 2022
  • Global
  • 350 Pages
  • No of Tables: 220
  • No of Figures: 60
  • Medical Devices
  • Upcoming Report
  • Jun 2022
  • Global
  • 350 Pages
  • No of Tables: 220
  • No of Figures: 60

Global Steroid Injections Market, By Product Type (Triamcinolone, Prednisolone, Methylprednisolone, Prednisone, Dexamethasone), Route of Administration (Intra-Articular, Intramuscular, Intravenous, Epidural), Distribution Channel (Hospital Pharmacy, Specialty Clinics, Retail Pharmacy and Drug Stores, Others)– Industry Trends and Forecast to 2029

Steroid Injections Market

Market Analysis and Size

Certain inflammatory disorders, such as systemic vasculitis (inflammation of blood vessels) and myositis, are treated primarily with steroids (inflammation of muscle). They can also be used to treat inflammatory disorders like rheumatoid arthritis, lupus, and gout on a case-by-case basis.

Data Bridge Market Research analyses that the steroid injections market which was USD 4.56 billion in 2021, would rocket up to USD 7.66 billion by 2029, and is expected to undergo a CAGR of 6.70% during the forecast period 2022 to 2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.

Report Scope and Market Segmentation

Report Metric

Details

Forecast Period

2022 to 2029

Base Year

2021

Historic Years

2020 (Customizable to 2014 - 2019)

Quantitative Units

Revenue in USD Billion, Volumes in Units, Pricing in USD

Segments Covered

Product Type (Triamcinolone, Prednisolone, Methylprednisolone, Prednisone, Dexamethasone),  Route of Administration (Intra-Articular, Intramuscular, Intravenous, Epidural), Distribution Channel (Hospital Pharmacy, Specialty Clinics, Retail Pharmacy and Drug Stores, Others)

Countries Covered

U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

Market Players Covered

Bristol-Myers Squibb Company (Canada), Scintilla Pharmaceuticals, Inc. (U.S), Flexion Therapeutics Inc. (U.S), Pfizer Inc. (U.S), Mylan N.V. (U.S), EIPICO (Egypt), Advanz Pharma (U.K), Intrapharm Laboratories (U.K), Flagship (India), Health Biotech Limited (India),  Merck & Co., Inc. (U.S), Bayer AG (Germany), GSK Group of Companies (U.K),  Sumitomo Pharma Co., Ltd. (Japan), AstraZeneca (U.K), Cipla Inc. (India), Novartis AG (Switzerland)

Market Opportunities

  • Government initiatives and actions to promote the benefits of steroid injections
  • Growing awareness of the importance of diagnostic tests

Market Definition

Steroids are man-made drugs that are divided into two types: anabolic and corticosteroids. Anabolic steroids are the most frequent type of steroid, and they are used to treat medical issues such as late puberty and muscle loss in cancer and AIDS patients. However, anabolic steroids are most commonly used, albeit illegally, by athletes to improve their performance.

Steroid Injections Market Dynamics

Drivers

  • Increase in obesity rates

Increased occurrences of bone and joint diseases, rising obesity rates around the world, changing and unhealthy lifestyles of people, and rising government awareness programmes for joint disorders are some of the factors that will propel the steroid injections market forward in the forecast period of 2022-2029. Growing demand for steroid injections, together with advancements in injectable treatment, will, on the other hand, fuel different prospects that will propel the steroid injections market forward over the forecast period.

  • Increasing trends among youngsters for bodybuilding is creating robust development

One of the major factors driving the global steroids market is the growing popularity of bodybuilding among young people. Steroids are a performance-enhancing substance that is utilised all over the world. The demand for steroids has expanded dramatically as a result of the expansion in sporting events, which is having a favourable impact on the global market for steroids. Steroids can enhance pubic and facial hair growth. It not only improves attention and ambition, but it also deepens the voice. As a result, steroids are beneficial to those who have excessively feminine hormones.

Opportunities

One of the major factors driving the global steroids market is the growing popularity of bodybuilding among young people. Steroids are a performance-enhancing substance that is utilised all over the world. The demand for steroids has expanded dramatically as a result of the expansion in sporting events, which is having a favourable impact on the global market for steroids. Steroids can enhance pubic and facial hair growth. It not only improves attention and ambition, but it also deepens the voice. As a result, steroids are beneficial to those who have excessively feminine hormones.

Restraints/Challenges

Steroid use comes with a slew of negative side effects, including fast mood changes. Heart problems, reproductive troubles, shrinking testicles, and excessive hair growth in women, as well as the negative side effects connected with the use of the medication, as well as tight regulations, are expected to stymie the growth of the steroid injections market throughout the forecast period.

This steroid injections market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized 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, geographic expansions, technological innovations in the market. To gain more info on the steroid injections market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Covid-19 impact on Steroid Injections Market

Corticosteroids as supplementary therapy may be effective to treat corona viruses if used early in the acute phase of illness, according to data from the SARS-CoV outbreak. Because of their potential to control the inflammatory response, corticosteroids have demonstrated to be effective in the treatment of coronaviruses. As a result, the corticosteroids market has seen an affluent growth.

Global Steroid injections Market Scope

The steroid injections market is segmented on the basis of product type, route of administration and distribution channel. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Product Type

  • Triamcinolone
  • Prednisolone
  • Methylprednisolone
  • Prednisone
  • Dexamethasone

 Route of Administration

 Distribution Channel

  • Hospital Pharmacy
  • Specialty Clinics
  • Retail Pharmacy
  • Drug Stores
  • Others

Steroid Injections Market Regional Analysis/Insights

The steroid injections market is analysed and market size insights and trends are provided by country, product type, route of administration and distribution channel as referenced above.

The countries covered in the steroid injections market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

North America dominates the steroid injections market due to the easy availability of anabolic steroids along with rising awareness among the people regarding personal health and rising demand among professional sportsmen.

 Asia-Pacific is expected to grow at the highest growth rate in the forecast period of 2022 to 2029 due to the rising number of population along with rising research activities and medical tourism.

The country section of the 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 like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global 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 Steroid Injections Market Share Analysis

The steroid injections 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, global 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 steroid injections market.

Some of the major players operating in the steroid injections market are:

  • Bristol-Myers Squibb Company (Canada)
  • Scintilla Pharmaceuticals, Inc. (U.S)
  • Flexion Therapeutics Inc. (U.S)
  • Pfizer Inc. (U.S)
  • Mylan N.V. (U.S)
  • EIPICO (Egypt)
  • Advanz Pharma (U.K)
  • Intrapharm Laboratories (U.K)
  • Flagship (India)
  • Health Biotech Limited (India)
  • Merck & Co., Inc. (U.S)
  • Bayer AG (Germany)
  • GSK Group of Companies (U.K)
  • Sumitomo Pharma Co., Ltd. (Japan)
  • AstraZeneca (U.K)
  • Cipla Inc. (India)
  • Novartis AG (Switzerland)


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Frequently Asked Questions

Factors such as growing occurrences of bone as well as joint diseases, rising number of obese population across the globe are the major growth driving factors for Steroid Injections Market.
The Steroid Injections Market is to grow at a CAGR of 6.70% during the forecast by 2029.
The major players operating in the Steroid Injections Market are Bristol-Myers Squibb Company (Canada), Scintilla Pharmaceuticals, Inc. (U.S), Flexion Therapeutics Inc. (U.S), Pfizer Inc. (U.S), Mylan N.V. (U.S), EIPICO (Egypt), Advanz Pharma (U.K), Intrapharm Laboratories (U.K), Flagship (India), Health Biotech Limited (India), Merck & Co., Inc. (U.S), Bayer AG (Germany), GSK Group of Companies (U.K), Sumitomo Pharma Co., Ltd. (Japan), AstraZeneca (U.K), Cipla Inc. (India), Novartis AG (Switzerland).
The Steroid Injections Market value is expected USD 7.66billion by 2029.