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, and Others) - Industry Trends and Forecast to 2030.
Steroid Injections Market Analysis and Size
Steroid injection market has witnessed substantial growth over the years. Factors such as the increasing prevalence of chronic inflammatory diseases, growing demand for minimally invasive treatment options, and the expanding aging population have contributed to the market's expansion.
Data Bridge Market Research analyses that the global steroid injections market, valued at USD 4.87 Billion in 2022, is expected to reach USD 8.17 Billion by 2030, growing at a CAGR of 6.70% during the forecast period of 2023 to 2030. “Tramcinolone” is dominating the product type segment of the global steroid injections market due to rise in use of steroids for bodybuilding and Increase in obesity rates. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
Steroid Injections Market Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Years
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2021 (Customizable to 2015 - 2021)
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Quantitative Units
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Revenue in USD Billion, Volumes in Units, Pricing in USD
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Segments Covered
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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)
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Countries Covered
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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.
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Market Players Covered
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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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Market Opportunities
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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.
Global 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 global steroid injections market forward in the forecast period of 2023-2030. 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 of 2023 to 2030.
- 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
- Growing Popularity of Bodybuilding
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.
- Expanding Applications
Steroid injections are finding new applications in fields such as cosmetic dermatology, aesthetic procedures, and pain management. These expanding applications provide an opportunity for market growth as they widen the potential patient base and increase the overall demand for steroid injections.
- Technological Advancements in Injection Delivery Systems
The development of advanced injection delivery systems, such as auto-injectors and needle-free devices, has improved the convenience and accuracy of steroid injections. These technological advancements are driving the market growth by enhancing patient comfort and reducing the chances of medication errors.
Restraints/Challenges
- Side Effects and Adverse Reactions
Steroid injections, like any medication, can have side effects and adverse reactions. These include local pain, infection, tissue atrophy, and hormonal imbalances. Concerns regarding these potential risks may restrain the growth of the steroid injections market, particularly among cautious patients and healthcare providers.
- Stringent Regulatory Requirements
The regulatory landscape surrounding steroid injections is stringent and subject to various guidelines and approvals. Meeting these regulatory requirements can be challenging for manufacturers, leading to delays in product launches and hindering market growth. Compliance with evolving regulations also poses ongoing challenges for stakeholders in the global steroid injections market.
This global 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 global 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.
Global Steroid Injections Market Scope
The global 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
- Intra-Articular
- Intramuscular
- Intravenous
- Epidural
Distribution Channel
- Hospital Pharmacy
- Specialty Clinics
- Retail Pharmacy
- Drug Stores
- Others
Global Steroid Injections Market Regional Analysis/Insights
The global 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 global 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 global 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 global steroid injections market in the forecast period of 2023 to 2030 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.
Healthcare Infrastructure Growth Installed BASE and New Technology Penetration
The global steroid injections market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for global steroid injections market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the global steroid injections market. The data is available for historic period 2015-2020.
Competitive Landscape and Global Steroid Injections Market Share Analysis
The global 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 global steroid injections market.
Some of the major players operating in the global 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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