Global Topical Corticosteroids Market 2018-2022 | Preference of Customers for Topical Delivery to Boost Demand | Technavio

The global topical corticosteroids market 2018-2022 is expected to post a CAGR of close to 6% during the forecast period, according to the latest market research report by Technavio.

A key factor driving the growth of the market is the rise in product launches. Topical corticosteroids have been used for the treatment of atopic dermatitis for many years. Hydrocortisone was the first corticosteroid used for the treatment of atopic dermatitis. Currently, many additional corticosteroid compounds have been licensed for the treatment of atopic dermatitis. Recent product launches are considered an important factor that drives the growth of the global topical corticosteroids market.

This market research report on the global topical corticosteroids market 2018-2022 also provides an analysis of the most important trends expected to impact the market outlook during the forecast period. Technavio classifies an emerging trend as a major factor that has the potential to significantly impact the market and contribute to its growth or decline.

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In this report, Technavio highlights the preference of customers for topical delivery as one of the key emerging trends in the global topical corticosteroids market:

Global topical corticosteroids market: Preference of customers for topical delivery

Topical delivery is considered the most convenient and preferred treatment option for skin diseases. Most the drugs are systemic therapies, whereas topical drugs are generally targeted therapies. These drugs are delivered to restricted sites such as joints or diseased skin sites.

Topical drugs are safer for newborn babies and the elderly. They are administered through non-oral routes in a constant fashion by maintaining active levels over extended time. Thus, the increasing preference for topical drug delivery is expected to drive the growth of the global topical corticosteroids market, says a senior analyst at Technavio for research on infectious and rare diseases.

Global topical corticosteroids market: Segmentation analysis

This market research report segments the global topical corticosteroids market by product (prescription and OTC) and geographical regions (APAC, EMEA, and the Americas).

The Americas led the market in 2017 with a market share of close to 42%, followed by APAC and EMEA respectively. The region is expected to retain its dominant position during the forecast period.

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Technavios sample reports are free of charge and contain multiple sections of the report such as the market size and forecast, drivers, challenges, trends, and more.

Some of the key topics covered in the report include:

Market Landscape

  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis

Market Sizing

  • Market definition
  • Market size and forecast

Five Forces Analysis

Market Segmentation

Geographical Segmentation

  • Regional comparison
  • Key leading countries

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Competitive scenario

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

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Technavio Research
Jesse Maida
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