Corticosteroids Therapy Market
By Product;
Glucocorticoids and MineralocorticoidsBy Route of Administration;
Inhaled, Oral, Systemic, and TopicalBy Application;
Skin Allergies, Rhuematology Indications, Endocrinology, Acute Respiratory Diseases, and OthersBy End User;
Hospitals, Clinics, Research Institutes, and OthersBy Geography;
North America, Europe, Asia Pacific, Middle East & Africa, and Latin America - Report Timeline (2021 - 2031)Introduction
Global Corticosteroids Therapy Market (USD Million), 2021 - 2031
In the year 2024, the Global Corticosteroids Therapy Market was valued at USD 5,375.57 million. The size of this market is expected to increase to USD 7,016.94 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 3.9%.
Corticosteroids Therapy Market
*Market size in USD million
CAGR 3.9 %
Study Period | 2025 - 2031 |
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Base Year | 2024 |
CAGR (%) | 3.9 % |
Market Size (2024) | USD 5,375.57 Million |
Market Size (2031) | USD 7,016.94 Million |
Market Concentration | High |
Report Pages | 300 |
Major Players
- Sumitomo
- Pfizer
- Novartis
- Merck
- Sanofi
Market Concentration
Consolidated - Market dominated by 1 - 5 major players
Corticosteroids Therapy Market
Fragmented - Highly competitive market without dominant players
The research published in BMC Infectious Diseases in May 2021 highlighted the efficacy of methylprednisolone, a corticosteroid, in hospitalized hypoxic COVID-19 patients, showing superior outcomes compared to dexamethasone. This increased usage of corticosteroids in COVID-19 treatment underscores the profound impact of the pandemic on the corticosteroid market, driving demand for these medications in managing COVID-19-related complications.
Beyond the pandemic's influence, several key factors contribute to the growth of the corticosteroid market. These include the rising incidence of chronic diseases, such as inflammatory conditions, autoimmune disorders, and respiratory illnesses like asthma and COPD. Additionally, the aging global population, characterized by a higher prevalence of chronic conditions requiring corticosteroid therapy, further propels market expansion. Moreover, significant investments in research and development fuel innovation in corticosteroid formulations, delivery methods, and therapeutic applications, enhancing treatment efficacy and patient outcomes. Collectively, these factors underscore the robust growth trajectory of the corticosteroid market amidst evolving healthcare landscapes and pandemic-induced challenges.
Global Corticosteroids Therapy Market Recent Developments
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In August 2022, in a pilot study examining vamorolone as a potential cure for BMD (Becker muscular dystrophy), the first patient was administered a dose of vamorolone. As a potential treatment for several kinds of muscular dystrophy, ReveraGen BioPharma started studying and developing steroid medicine.
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In April 2022, Eli Lilly and Company combined Lebrikizumab and topical corticosteroids to treat atopic dermatitis (AD). During the 16th week of the trial conducted, 75% of improvement was observed among the patients. In these critical combination trials that met all primary and important secondary objectives, lebrikizumab significantly enhanced a number of areas crucial to those suffering from atopic dermatitis, including skin and itch.
Corticosteroids Therapy Market Segment Analysis
In this report, The corticosteroids therapy market has been segmented by product, Route of Administration, application, End User and geography.
Corticosteroids Therapy Market, Segmentation by Product
The Global Corticosteroids Therapy Market has been segmented by Product into Glucocorticoids and Mineralocorticoids.
Glucocorticoids
Glucocorticoids lead the global corticosteroids therapy market with about 85–88% share. They are valued for their potent anti-inflammatory and immunosuppressive properties, making them essential in treating asthma, autoimmune disorders and chronic inflammatory conditions.
Mineralocorticoids
Mineralocorticoids comprise roughly 12–15% of the market. These hormones are crucial for electrolyte balance and fluid regulation, with primary use in managing adrenal insufficiency—notably through drugs like fludrocortisone.
Corticosteroids Therapy Market, Segmentation by Route of Administration
The Corticosteroids Therapy Market has been segmented by Route of Administration into Inhaled, Oral, Systemic and Topical.
Inhaled
Inhaled corticosteroids lead the market with about 35–38% share. They are preferred for localized delivery in chronic respiratory diseases like asthma and COPD, minimizing systemic side effects.
Oral
Oral corticosteroids hold roughly 25–28% of the market. Their broad systemic action makes them effective for treating severe inflammatory and autoimmune disorders as well as acute flare-ups of chronic illnesses.
Systemic
Systemic corticosteroids, including injectable forms, account for around 20–22% of usage. They are essential for rapid intervention in life-threatening emergencies and severe inflammatory conditions.
Topical
Topical corticosteroids represent about 15–18% of the global market. They are widely used in dermatology to treat eczema, psoriasis and dermatitis with minimal systemic absorption.
Corticosteroids Therapy Market, Segmentation by Application
The Corticosteroids Therapy Market has been segmented by Application into Skin Allergies, Rhuematology Indications, Endocrinology, Acute Respiratory Diseases and Others.
Skin Allergies
Skin allergies hold about 25–28% of the corticosteroids therapy market. Topical corticosteroids are the mainstay treatment for eczema, dermatitis and contact allergies, providing targeted relief with minimal systemic impact.
Rheumatology Indications
Rheumatology indications account for roughly 22–25% of usage. Corticosteroids are critical in reducing inflammation and immune overactivity in rheumatoid arthritis, lupus and vasculitis.
Endocrinology
Endocrinology applications make up around 15–18% of the market. These therapies address adrenal insufficiency, Addison’s disease and other endocrine disorders requiring systemic corticosteroid use.
Acute Respiratory Diseases
Acute respiratory diseases represent about 18–20% of demand. Inhaled or systemic corticosteroids are prescribed for acute asthma attacks, COPD exacerbations and severe allergic airway inflammation.
Others
Others comprise roughly 10–12% of the market, covering neurological, ophthalmic and gastrointestinal conditions such as optic neuritis, inflammatory bowel disease and certain cancers.
Corticosteroids Therapy Market, Segmentation by End User
The Corticosteroids Therapy Market has been segmented by End User into Hospitals, Clinics, Research Institutes and Others
Hospitals
Hospitals lead the corticosteroids therapy market with about 50–55% share. They feature advanced medical infrastructure, specialized healthcare teams and the capability to manage complex and routine corticosteroid treatments.
Clinics
Clinics account for roughly 20–22% of the market. They provide accessible outpatient services for a range of conditions, including skin allergies, respiratory diseases and rheumatology cases.
Research Institutes
Research institutes represent around 10–12% of market activity. They focus on clinical trials, drug efficacy studies and developing innovative corticosteroid formulations.
Others
Others, including ambulatory care centers, specialty facilities and home healthcare providers, hold about 12–15% of the market. Growth is fueled by increasing demand for outpatient and home-based treatments.
Corticosteroids Therapy Market, Segmentation by Geography
In this report, The Corticosteroids Therapy Market has been segmented by Geography into five regions; North America, Europe, Asia Pacific, Middle East & Africa and Latin America.
Regions and Countries Analyzed in this Report
Corticosteroids Therapy Market Share (%), by Geographical Region
North America
North America leads the corticosteroids therapy market with about 38–42% share. Its position is supported by advanced healthcare infrastructure, high prevalence of chronic inflammatory diseases and strong pharmaceutical R&D capabilities.
Europe
Europe accounts for roughly 27–30% of the market. Growth is driven by a large aging population, increasing incidence of autoimmune disorders and robust reimbursement systems.
Asia Pacific
Asia Pacific is the fastest-growing region, expected to expand at over 9–11% CAGR. Key factors include rising healthcare investments, expanding patient base and improved access to advanced treatments.
Middle East & Africa
Middle East & Africa hold about 5–7% share. Market growth is supported by the establishment of specialized treatment centers, increased healthcare funding and the growth of medical tourism in Gulf countries.
Latin America
Latin America represents approximately 6–8% of the market. Expansion is fueled by better healthcare infrastructure, broader insurance coverage and rising adoption of corticosteroid therapies in Brazil, Mexico and Argentina.
Market Trends
This report provides an in depth analysis of various factors that impact the dynamics of Global Corticosteroids Therapy Market. These factors include; Market Drivers, Restraints and Opportunities Analysis.
Drivers, Restraints and Opportunity Analysis
Drivers :
- Rising Chronic Disease Burden
- Expanding Applications in Rheumatology
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Advancements in Drug Delivery - The Global Corticosteroids Therapy Market is witnessing notable advancements in drug delivery systems, which are revolutionizing the administration and efficacy of corticosteroid treatments. Traditional delivery methods, such as oral tablets and topical creams, are being supplemented and enhanced by innovative approaches aimed at improving patient outcomes and adherence to therapy. One significant advancement is the development of targeted drug delivery systems, including inhalers and nasal sprays, designed to deliver corticosteroids directly to the affected area, such as the lungs or nasal passages. These targeted delivery methods offer several advantages, including increased drug concentration at the site of action, reduced systemic side effects, and improved treatment efficacy.
As advancements in formulation technologies are enabling the development of novel corticosteroid formulations with enhanced bioavailability and prolonged duration of action. For example, sustained-release implants and injectable formulations are being explored to provide long-lasting therapeutic effects, reducing the frequency of dosing and enhancing patient convenience. Additionally, the integration of nanotechnology and biodegradable polymers is facilitating the development of corticosteroid delivery systems with improved stability, controlled release kinetics, and enhanced tissue penetration. These advancements in drug delivery are reshaping the corticosteroids therapy landscape, offering new opportunities for personalized treatment approaches and improved patient care.
Restraints :
- Side Effects and Long-Term Use Concerns
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Regulatory Stringency - The Global Corticosteroids Therapy Market is significantly influenced by regulatory stringency across various regions, which plays a crucial role in shaping market dynamics and affecting the availability, accessibility, and usage of corticosteroid medications. Regulatory agencies, such as the U.S. Food and Drug Administration (FDA), the European Medicines Agency (EMA), and their counterparts in other regions, enforce stringent regulations to ensure the safety, efficacy, and quality of corticosteroid products. These regulations encompass various aspects, including clinical trial requirements, manufacturing standards, labeling guidelines, and post-market surveillance, aimed at safeguarding public health and minimizing risks associated with corticosteroid therapy.
Compliance with regulatory requirements is essential for pharmaceutical companies seeking approval for corticosteroid medications, leading to extensive preclinical and clinical testing, rigorous quality control measures, and adherence to Good Manufacturing Practices (GMP). Moreover, regulatory agencies continually evaluate corticosteroid safety profiles based on real-world data and adverse event reports, leading to periodic updates to prescribing information, labeling, and risk mitigation strategies. As a result, manufacturers must navigate complex regulatory landscapes and invest significant resources in regulatory affairs to ensure compliance and market authorization for corticosteroid products. This regulatory stringency underscores the importance of adhering to high-quality standards and transparent communication in the development, approval, and marketing of corticosteroid therapies to meet regulatory requirements and maintain patient safety.
Opportunities :
- Development of Biosimilars
- Combination Therapies
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Focus on Pediatric Formulations - The Global Corticosteroids Therapy Market is witnessing a notable shift towards focusing on pediatric formulations, reflecting a growing recognition of the unique medical needs and considerations in pediatric patients. Pediatric formulations of corticosteroids are specifically tailored to meet the safety, efficacy, and dosing requirements of children, addressing challenges such as palatability, dosage flexibility, and ease of administration.
With an increasing prevalence of inflammatory and autoimmune conditions in children, including asthma, dermatitis, and rheumatic diseases, there is a rising demand for corticosteroid therapy in pediatric populations. Manufacturers are responding to this demand by developing pediatric-specific formulations in various dosage forms such as oral suspensions, chewable tablets, and topical creams, ensuring optimal treatment outcomes while minimizing potential adverse effects.
Regulatory agencies are placing greater emphasis on pediatric drug development and approval, incentivizing pharmaceutical companies to invest in pediatric research and clinical trials. This focus on pediatric formulations not only enhances access to appropriate treatment options for pediatric patients but also contributes to advancing pediatric healthcare and improving quality of life for children with chronic medical conditions.
Competitive Landscape Analysis
Key players in Global Corticosteroids Therapy Market include;
- Sumitomo
- Pfizer
- Novartis
- Merck
- Sanofi
In this report, the profile of each market player provides following information:
- Company Overview and Product Portfolio
- Key Developments
- Financial Overview
- Strategies
- Company SWOT Analysis
- Introduction
- Research Objectives and Assumptions
- Research Methodology
- Abbreviations
- Market Definition & Study Scope
- Executive Summary
- Market Snapshot, By Product
- Market Snapshot, By Route of Administration
- Market Snapshot, By Application
- Market Snapshot, By End User
- Market Snapshot, By Region
- Corticosteroids Therapy Market Dynamics
- Drivers, Restraints and Opportunities
- Drivers
- Rising Chronic Disease Burden
- Expanding Applications in Rheumatology
- Advancements in Drug Delivery
- Restraints
- Side Effects and Long-Term Use Concerns
- Regulatory Stringency
- Opportunities
- Development of Biosimilars
- Combination Therapies
- Focus on Pediatric Formulations
- Drivers
- PEST Analysis
- Political Analysis
- Economic Analysis
- Social Analysis
- Technological Analysis
- Porter's Analysis
- Bargaining Power of Suppliers
- Bargaining Power of Buyers
- Threat of Substitutes
- Threat of New Entrants
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Competitive Rivalry
- Drivers, Restraints and Opportunities
- Market Segmentation
- Corticosteroids Therapy Market, By Product, 2021 - 2031 (USD Million)
- Glucocorticoids
- Mineralocorticoids
- Corticosteroids Therapy Market, By Route of Administration, 2021 - 2031 (USD Million)
- Inhaled
- Oral
- Systemic
- Topical
- Corticosteroids Therapy Market, By Application, 2021 - 2031 (USD Million)
- Skin Allergies
- Rhuematology Indications
- Endocrinology
- Acute Respiratory Diseases
- Others
- Corticosteroids Therapy Market, By End User, 2021 - 2031 (USD Million)
- Hospitals
- Clinics
- Research Institutes
- Others
- Corticosteroids Therapy Market, By Geography, 2021 - 2031 (USD Million)
- North America
- United States
- Canada
- Europe
- Germany
- United Kingdom
- France
- Italy
- Spain
- Nordic
- Benelux
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australia & New Zealand
- South Korea
- ASEAN (Association of South East Asian Countries)
- Rest of Asia Pacific
- Middle East & Africa
- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
- Latin America
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- North America
- Corticosteroids Therapy Market, By Product, 2021 - 2031 (USD Million)
- Competitive Landscape
- Company Profiles
- Sumitomo
- Pfizer
- Novartis
- Merck
- Sanofi
- Company Profiles
- Analyst Views
- Future Outlook of the Market