North America 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, Low), Medication Type (Ointments, Creams, Liquid and Solutions, Lotions, Gel, Oils, Pastes, Sprays, Others), Application (Acne, Dermatitis, Psoriasis, Skin Infection, Hyperpigmentation, Melasma, Others), Distribution Channel (Hospital Pharmacies, Pharmacy Stores, Online Pharmacies, Others), End User (Hospital, Dermatology Clinics, Homecare, Others), Country (U.S., Canada, Mexico) Industry Trends and Forecast to 2029.
Market Analysis and Insights : North America Topical Corticosteroids Market
Topical corticosteroids market size is projected to grow at a compound annual growth rate of 5.18% over the forecast period of 2022 to 2029. Data Bridge Market Research report on topical corticosteroids market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecasted period while providing their impacts on the market’s growth.
Corticosteroids are basically used as treatment of various inflammatory skin disorders. They are the synthetic analogues formed of the natural hormones made by adrenal cortex whereas topical corticosteroids are hydrocortisone-derivative compounds along with differentiated anti-flammatory potency.
The rise in geriatric population and increasing cases of skin disorder in children is expected to accelerate the market growth in the forecast period. Additionally, the increased positive outcome of aesthetic treatment and rising awareness of aesthetic procedures will also foster the market growth. However, the high price of topical corticosteroids is projected to restrain the market growth rate.
In addition, the Increasing research and development projects for effective treatment are likely to create various new opportunities that will impact this topical corticosteroids market growth in the forecast period. The several side effects and improper reimbursement scenario of aesthetic procedures are estimated to challenge the market’s growth.
This topical corticosteroids market report provides details of market share, new developments, and product pipeline analysis, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, product approvals, strategic decisions, product launches, geographic expansions, and technological innovations in the market. To understand the analysis and the topical corticosteroids market scenario contact Data Bridge Market Research for an Analyst Brief, our team will help you create a revenue impact solution to achieve your desired goal.
North America Topical Corticosteroids Market Scope and Market Size
Topical corticosteroids market is segmented on the basis of molecule name, potency class, medication type, application, distribution channel and end user. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of 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 low. Ultra-high is further segmented into clobetasol propionate and diflorasone diacetate. High is further segmented into amcinonide, betamethasone dipropionate, desoximetasone, fluocinonide, halcinonide, and others. Moderate is further segmented into desoximetasone, fluocinolone acetonide, fludroxycortide, hydrocortisone valerate, triamcinolone acetonide and others. Low is further segmented into betamethasone valerate, desonide, fluocinolone acetonide, and others.
- On the basis of medication type, the topical corticosteroids market is segmented into ointments, creams, liquid and solutions, lotions, gel, oils, pastes, sprays and others.
- Based on application, the topical corticosteroids market is segmented into acne, dermatitis, psoriasis, skin infection, hyperpigmentation, melasma and others.
- On the basis of distribution channel, the topical corticosteroids market is segmented into hospital pharmacies, pharmacy stores, online pharmacies and others.
- The topical corticosteroids market is also segmented on the basis of end user into hospital, dermatology clinics, homecare and others.
Topical Corticosteroids Market Country Level Analysis
Topical corticosteroids market is analyzed and market size information is provided by molecule name, potency class, medication type, application, distribution channel and end user as referenced above.
The countries covered in the topical corticosteroids market report are U.S., Canada and Mexico in North America.
U.S leads the topical corticosteroids market due to the increasing skin disorders and prevalence of key players in region whereas growing healthcare expenditure for improving healthcare infrastructure and increasing aging population will boost region market growth.
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 such as new sales, replacement sales, country demographics, disease epidemiology and import-export tariffs are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of North America brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of sales channels are considered while providing forecast analysis of the country data.
Patient Epidemiology Analysis
Topical corticosteroids market also provides you with detailed market analysis for patient analysis, prognosis and cures. Prevalence, incidence, mortality, adherence rates are some of the data variables that are available in the report. Direct or indirect impact analysis of epidemiology to market growth are analyzed to create a more robust and cohort multivariate statistical model for forecasting the market in the growth period.
Competitive Landscape and North America 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, regional presence, production sites and facilities, company strengths and weaknesses, product launch, clinical trials pipelines, product approvals, patents, product width and breadth, application dominance, technology lifeline curve. The above data points provided are only related to the companies’ focus related to topical corticosteroids market.
Some of the major players operating in the topical corticosteroids market report are Medtronic, GlaxoSmithKline plc, Almirall, S.A., Merck & Co., Inc., Bausch Health Companies Inc., Sandoz International GmbH, Pfizer Inc., AstraZeneca, Sanofi, Bayer AG, McKesson Medical-Surgical Inc., Regeneron Pharmaceuticals Inc., Allergan, AbbVie Inc., Galderma Laboratories, L.P., Novartis AG, LEO Pharma A/S, Cipla Inc., Bristol-Myers Squibb Company and Mylan N.V among others.