Global Topical Corticosteroids Market Growth, Share, Size, Trends and Forecast (2025 - 2031)
By Type Of Formulation;
Ointments, Creams and Others.By Type Of Potency Class;
Ultra High(Clobetasol Propionate and Diflorasone Diacetate), High(Amcinonide, Betamethasone Dipropionate, Desoximetasone, Fluocinonide, Halcinonide and Others), Moderate(Desoximetasone, Fluocinolone Acetonide, Fludroxycortide, Hydrocortisone Valerate, Triamcinolone Acetonide and Others), Low( Betamethasone Valerate, Desonide, Fluocinolone Acetonide and Others).By Type Of Treatment;
Contact Dermatitis, Insect Stings, Psoriasis, Eczema and Others.By End User;
Hospitals & Clinics, Dermatology Clinics, Pharmacies and Others.By Geography;
North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2021 - 2031).Introduction
Global Topical Corticosteroids Market (USD Million), 2021 - 2031
In the year 2024, the Global Topical Corticosteroids Market was valued at USD 4,494.07 million. The size of this market is expected to increase to USD 6,421.21 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 5.2%.
The global topical corticosteroids market has been witnessing significant growth over recent years, driven by the rising prevalence of dermatological conditions such as eczema, psoriasis, and dermatitis. Topical corticosteroids are anti-inflammatory medications applied directly to the skin to reduce inflammation and irritation. These medications are essential in the management of various skin disorders and are widely used in both prescription and over-the-counter formulations.
The increasing geriatric population, which is more prone to skin-related issues, has further fueled the demand for topical corticosteroids. In addition, growing healthcare awareness and the emphasis on maintaining healthy skin are contributing to market expansion. Technological advancements in drug formulations have led to the development of more effective and safer topical corticosteroids, enhancing their therapeutic outcomes and patient compliance.
Moreover, the expanding product availability across different regions, supported by robust marketing campaigns and improved healthcare infrastructure, is also playing a pivotal role in driving market growth. Pharmaceutical companies are investing significantly in research and development to introduce innovative products with minimal side effects, thereby attracting a larger customer base.
However, the market faces several restraints, including concerns over the side effects of prolonged use of corticosteroids, such as skin thinning and hormonal imbalances. Strict regulatory policies and high treatment costs are additional barriers to market growth. Despite these challenges, the market presents numerous opportunities for growth. Emerging markets, especially in Asia and Latin America, offer significant potential due to increasing disposable incomes and growing awareness about dermatological treatments. Furthermore, the rise of online pharmacies and advancements in telemedicine are making these treatments more accessible to a broader population.
In conclusion, while the global topical corticosteroids market faces certain challenges, the drivers and opportunities indicate a positive growth trajectory in the coming years, making it a lucrative segment within the pharmaceutical industry.
Global Topical Corticosteroids Market Recent Developments
- In April 2022, Lilly's lebrikizumab combined with topical corticosteroids showed significant improvements in disease severity for atopic dermatitis
- In August 2022, the first patient was been dosed in a pilot study evaluating vamorolone as a potential treatment for Becker muscular dystrophy (BMD). The steroid medication has been under development by ReveraGen BioPharma as a possible therapy for other types of muscular dystrophy.
Segment Analysis
This report offers a comprehensive examination of various segments within the Global Topical Corticosteroids Market, providing a thorough analysis that encompasses revenue assessments for both historical and projected periods. Each market segment is meticulously scrutinized, supported by a wealth of pertinent data points and insights derived from the analysis of these data sets, including data trends and patterns.
The analysis delves deep into each segment, exploring key factors influencing market dynamics, such as formulation types, potency classes, types of treatment, and end-user demographics. By meticulously dissecting these segments, the report offers a nuanced understanding of the market landscape, shedding light on the intricacies and nuances that drive demand and shape market trends.
Moreover, the report's emphasis on revenue analysis for historical periods provides a valuable benchmark for understanding past market performance, while the forecasted revenue projections offer actionable insights into future growth prospects and potential challenges. This forward-looking approach enables stakeholders to make informed decisions and formulate effective strategies to capitalize on emerging opportunities and mitigate risks.
Furthermore, the insights derived from data trends and patterns offer valuable foresight into evolving market dynamics, allowing stakeholders to adapt their strategies in real-time to stay ahead of the curve. By leveraging these insights, stakeholders can identify untapped market segments, anticipate shifting consumer preferences, and navigate regulatory changes, thereby maximizing their competitive advantage in the dynamic Global Topical Corticosteroids Market landscape.
Global Topical Corticosteroids Segment Analysis
In this report, the global topical corticosteroids market has been segmented by type of formulation, type of potency class, type of treatment, end user and geography.
Global Topical Corticosteroids Market, Segmentation by Type Of Formulation
Ointments: Ointments are semi-solid topical formulations typically composed of a base and an active pharmaceutical ingredient (API). They provide a greasy barrier that locks in moisture and facilitates absorption of the corticosteroid into the skin. Ointments are particularly suitable for dry and thickened skin conditions such as psoriasis and eczema, as they offer increased moisturization and occlusion.
Creams: Creams are emulsions of water and oil, providing a lighter texture compared to ointments. They are easily spreadable and absorb quickly into the skin, making them ideal for acute flare-ups and sensitive areas. Creams are commonly prescribed for conditions like contact dermatitis and insect stings, where rapid relief and soothing effects are required.
Others: The "Others" category may include formulations such as lotions, gels, foams, and sprays. These formulations offer diverse options for patients with different preferences and needs. Lotions are often preferred for hairy areas or areas with excessive moisture, while gels and foams provide a non-greasy alternative for those who dislike the texture of ointments and creams.
Global Topical Corticosteroids Market, Segmentation by Type Of Potency Class
Ultra High: Ultra-high potency corticosteroids contain potent active ingredients such as Clobetasol Propionate and Diflorasone Diacetate. These formulations are reserved for severe and resistant dermatological conditions due to their strong anti-inflammatory effects. They are typically prescribed for short-term use in limited areas of the body to minimize the risk of side effects.
High: High potency corticosteroids include Amcinonide, Betamethasone Dipropionate, Desoximetasone, Fluocinonide, Halcinonide, and others. These formulations offer a balance between efficacy and safety, making them suitable for moderate to severe skin conditions like psoriasis and eczema. They are often prescribed for short-term use and may require careful monitoring for potential adverse effects.
Moderate: Moderate potency corticosteroids comprise Desoximetasone, Fluocinolone Acetonide, Fludroxycortide, Hydrocortisone Valerate, Triamcinolone Acetonide, and others. These formulations are commonly used for mild to moderate dermatological conditions and may be prescribed for longer durations. They provide effective relief with a lower risk of side effects compared to high potency corticosteroids.
Low: Low potency corticosteroids include Betamethasone Valerate, Desonide, Fluocinolone Acetonide, and others. These formulations are suitable for mild skin conditions and are often prescribed for sensitive areas such as the face and groin. They have a lower risk of side effects but may require prolonged use for optimal therapeutic effects.
Global Topical Corticosteroids Market, Segmentation by Type Of Treatment
Contact Dermatitis: Topical corticosteroids are commonly used to alleviate symptoms of contact dermatitis, which occurs when the skin comes into contact with irritants or allergens. Corticosteroids help reduce inflammation, itching, and redness associated with this condition, providing relief and promoting healing.
Insect Stings: Insect stings can cause localized allergic reactions characterized by swelling, itching, and pain. Topical corticosteroids are applied to the affected area to reduce inflammation and discomfort, offering symptomatic relief until the reaction resolves.
Psoriasis: Psoriasis is a chronic autoimmune condition characterized by red, scaly patches on the skin. Topical corticosteroids are a mainstay of treatment for psoriasis, helping to alleviate symptoms and improve the appearance of plaques by reducing inflammation and slowing down skin cell turnover.
Eczema: Eczema, also known as atopic dermatitis, is a common inflammatory skin condition characterized by dry, itchy skin and eczematous lesions. Topical corticosteroids play a crucial role in managing eczema flare-ups by reducing inflammation, itching, and redness, thereby improving the quality of life for patients.
Others: The "Others" category may include various dermatological conditions such as acne, rosacea, seborrheic dermatitis, and lichen simplex chronicus, among others. Topical corticosteroids may be prescribed as part of the treatment regimen for these conditions, either alone or in combination with other medications, depending on the severity and nature of the condition.
Global Topical Corticosteroids Market, Segmentation by End User
Hospitals & Clinics: Hospitals and clinics serve as key distribution points for topical corticosteroids, where patients receive prescriptions and treatment recommendations from healthcare professionals. Dermatology departments within hospitals often specialize in the diagnosis and management of skin disorders, including the prescription of topical corticosteroids for various dermatological conditions.
Dermatology Clinics: Dedicated dermatology clinics provide specialized care for patients with skin disorders, offering comprehensive evaluations and treatment plans tailored to individual needs. Dermatologists are trained to diagnose and manage a wide range of dermatological conditions, including those requiring topical corticosteroid therapy.
Pharmacies: Pharmacies play a crucial role in dispensing topical corticosteroids to patients, ensuring that prescribed medications are readily available for use. Pharmacists provide valuable information and guidance on proper medication administration, potential side effects, and precautions to maximize therapeutic benefits and patient safety.
Others: The "Others" category may include various healthcare settings such as primary care clinics, specialty clinics, and community health centers, where patients seek medical care and receive prescriptions for topical corticosteroids. Additionally, online pharmacies and telemedicine platforms are emerging as convenient alternatives for accessing dermatological treatments, including topical corticosteroids, from the comfort of home.
Global Topical Corticosteroids Market, Segmentation by Geography
In this report, the Global Topical Corticosteroids Market has been segmented by Geography into five regions; North America, Europe, Asia Pacific, Middle East and Africa and Latin America.
Global Topical Corticosteroids Market Share (%), by Geographical Region, 2024
It refers to the distribution of market share among different regions worldwide in the previous year. This metric provides valuable insights into the geographic distribution of demand for topical corticosteroids and the relative importance of each region in driving market growth.
Key geographical regions typically include North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. The market share (%) indicates the proportion of total market revenue generated by each region relative to the global market.
For instance, North America and Europe are traditionally significant contributors to the global topical corticosteroids market, driven by factors such as high healthcare spending, advanced healthcare infrastructure, and a large patient population with dermatological conditions. Meanwhile, the Asia Pacific region is witnessing rapid market expansion due to factors such as increasing healthcare awareness, rising disposable incomes, and a growing prevalence of skin disorders.
Understanding the regional distribution of market share helps stakeholders, including pharmaceutical companies, healthcare providers, and investors, identify growth opportunities and tailor their strategies to meet the specific needs and preferences of different geographic markets. Additionally, it enables monitoring of market trends and dynamics, facilitating informed decision-making and resource allocation to maximize market penetration and profitability across regions.
Market Trends
This report provides an in depth analysis of various factors that impact the dynamics of Global Topical Corticosteroids Market. These factors include; Market Drivers, Restraints and Opportunities Analysis.
Drivers, Restraints and Opportunity Analysis
Drivers:
- Rising dermatological conditions
- Increasing geriatric population
- Growing healthcare awareness
- Advancements in formulations
-
Expanding product availability - Expanding product availability is a critical driver in the global topical corticosteroids market. This expansion is primarily fueled by the increasing efforts of pharmaceutical companies to penetrate untapped markets and enhance their distribution networks. The global nature of the healthcare market demands a strategic approach to ensure that topical corticosteroids are accessible to a diverse population across various geographic locations.
Pharmaceutical companies are leveraging advancements in logistics and supply chain management to improve the reach of their products. This includes partnering with local distributors and pharmacies, which allows them to cater to the specific needs of different regions more effectively. Additionally, the growth of online pharmacies has revolutionized product availability, making it easier for consumers to access these medications from the comfort of their homes. This is particularly beneficial in regions with limited access to physical healthcare facilities.
Another aspect of expanding product availability is the introduction of a wider range of formulations and concentrations. This diversification enables healthcare providers to tailor treatments to individual patient needs, thereby improving therapeutic outcomes. For instance, the availability of topical corticosteroids in various forms such as creams, ointments, lotions, and gels ensures that patients can choose the most suitable option based on their condition and preference.
Furthermore, robust marketing campaigns and educational initiatives by pharmaceutical companies play a significant role in increasing product awareness and availability. By educating healthcare professionals and consumers about the benefits and proper use of topical corticosteroids, these campaigns help in driving demand and ensuring that these medications are readily available where they are most needed.
Overall, expanding product availability not only enhances market penetration but also ensures that patients worldwide have access to effective dermatological treatments, thereby contributing significantly to the growth of the global topical corticosteroids market.
Restraints:
- Side effects concern
- Strict regulatory policies
- High treatment costs
- Limited awareness rural
-
Competition from alternatives - Competition from alternatives poses a significant restraint on the global topical corticosteroids market. With the advancement of medical research and technology, several alternative treatments have emerged, offering different therapeutic benefits and appealing to both healthcare providers and patients.
One of the primary alternatives is the development of non-steroidal anti-inflammatory drugs (NSAIDs) for topical use. These drugs provide anti-inflammatory effects similar to corticosteroids but often come with fewer side effects, making them a preferred choice for long-term treatment of chronic skin conditions. NSAIDs like diclofenac and pimecrolimus are increasingly being prescribed for conditions like eczema and psoriasis, which traditionally relied heavily on corticosteroids.
In addition to NSAIDs, natural and herbal remedies are gaining popularity as alternatives to topical corticosteroids. Products containing ingredients such as aloe vera, calendula, and chamomile are marketed as having anti-inflammatory and soothing properties with minimal side effects. The growing trend towards natural and organic skincare products further fuels the demand for these alternatives.
Biologics and systemic treatments also present significant competition. These treatments, which include monoclonal antibodies and immunomodulators, are used for severe dermatological conditions and offer targeted therapy with potentially higher efficacy. Although they are typically more expensive, their use in cases where topical treatments are insufficient is growing.
Moreover, advancements in cosmetic dermatology and laser treatments offer non-pharmacological alternatives for certain skin conditions. Procedures like laser therapy and photodynamic therapy provide effective results with reduced reliance on topical medications.
The competition from these alternatives challenges the growth of the topical corticosteroids market by providing patients and healthcare providers with a broader range of treatment options. To maintain market share, pharmaceutical companies must continue to innovate and demonstrate the unique value and efficacy of topical corticosteroids compared to these emerging alternatives.
Opportunities:
- Emerging markets growth
- Product innovation advancements
- Online pharmacy expansion
- Increasing skincare trends
-
Government healthcare initiatives - Government healthcare initiatives represent a significant opportunity for the global topical corticosteroids market. These initiatives, often aimed at improving public health and increasing access to essential medications, can substantially boost the availability and utilization of topical corticosteroids.
One of the key ways government initiatives create opportunities is through the implementation of healthcare policies that promote wider access to dermatological treatments. This includes subsidizing the cost of essential medications, such as topical corticosteroids, making them more affordable for a broader segment of the population. By reducing the financial burden on patients, governments can increase the adoption of these treatments, particularly in low- and middle-income countries where out-of-pocket healthcare expenses are a major barrier.
Public health campaigns focusing on skin health and the importance of treating dermatological conditions early can also drive demand for topical corticosteroids. These campaigns raise awareness about common skin disorders and the available treatments, encouraging individuals to seek medical advice and adhere to prescribed therapies. Increased awareness and education lead to higher diagnosis rates and subsequently, greater use of topical corticosteroids.
Furthermore, government funding for research and development in dermatology can accelerate the innovation and introduction of new and improved topical corticosteroid formulations. Grants and incentives for pharmaceutical companies to develop more effective and safer products can lead to advancements that benefit the entire market. Additionally, initiatives to improve the healthcare infrastructure, such as the establishment of specialized dermatology clinics and training programs for healthcare providers, enhance the overall delivery and quality of dermatological care.
Collaboration between governments and private sector entities can also foster public-private partnerships that support the distribution and availability of topical corticosteroids. By working together, these stakeholders can ensure that essential dermatological treatments reach underserved areas, addressing disparities in healthcare access and outcomes.
In summary, government healthcare initiatives provide a robust framework for expanding the reach and impact of topical corticosteroids, driving market growth and improving patient outcomes globally.
Competitive Landscape Analysis
Key players in Global Topical Corticosteroids Market include:
- AstraZeneca plc
- GlaxoSmithKline plc
- Merck & Co., Inc.
- Pfizer Inc.
- Sandoz AG (Novartis AG)
- Sanofi S.A.
- Actimis Pharmaceuticals
- Bausch Health
- Almirall, S.A
- Zylera Pharmaceuticals
- AstraZeneca plc
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 Type Of Formulation
- Market Snapshot, By Type Of Potency Class
- Market Snapshot, By Type Of Treatment
- Market Snapshot, By End User
- Market Snapshot, By Region
- Global Topical Corticosteroids Market Dynamics
- Drivers, Restraints and Opportunities
- Drivers
- Rising dermatological conditions
- Increasing geriatric population
- Growing healthcare awareness
- Advancements in formulations
- Expanding product availability
- Restraints
- Side effects concern
- Strict regulatory policies
- High treatment costs
- Limited awareness rural
- Competition from alternatives
- Opportunities
- Emerging markets growth
- Product innovation advancements
- Online pharmacy expansion
- Increasing skincare trends
- Government healthcare initiatives
- 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
- Competitive Rivalry
- Drivers, Restraints and Opportunities
- Market Segmentation
- Global Topical Corticosteroids Market, By Type Of Formulation, 2021 - 2031 (USD Million)
- Ointments
- Creams
- Others
- Global Topical Corticosteroids Market, By Type Of Potency Class, 2021 - 2031 (USD Million)
- Ultra High
- Clobetasol Propionate
- Diflorasone Diacetate
- High
- Amcinonide
- Betamethasone Dipropionate
- Desoximetasone
- Fluocinonide
- Halcinonide
- Others
- Moderate
- Desoximetasone
- Fluocinolone Acetonide
- Fludroxycortide
- Hydrocortisone Valerate
- Triamcinolone Acetonide
- Others
- Low
- Betamethasone Valerate
- Desonide
- Fluocinolone Acetonide
- Others
- Ultra High
- Global Topical Corticosteroids Market, By Type Of Treatment, 2021 - 2031 (USD Million)
- Contact Dermatitis
- Insect Stings
- Psoriasis
- Eczema
- Others
- Global Topical Corticosteroids Market, By End User, 2021 - 2031 (USD Million)
- Hospitals & Clinics
- Dermatology Clinics
- Pharmacies
- Others
- Global Topical Corticosteroids 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
- Global Topical Corticosteroids Market, By Type Of Formulation, 2021 - 2031 (USD Million)
- Competitive Landscape
- Company Profiles
- AstraZeneca plc
- GlaxoSmithKline plc
- Merck & Co., Inc.
- Pfizer Inc.
- Sandoz AG (Novartis AG)
- Sanofi S.A.
- Actimis Pharmaceuticals
- Bausch Health
- Almirall, S.A
- Zylera Pharmaceuticals
- AstraZeneca plc
- Company Profiles
- Analyst Views
- Future Outlook of the Market