Global Topical Corticosteroids Market 2018-2022 | Preference of Customers for Topical Delivery to Boost Demand | Technavio
October 11 2018 - 11:47AM
Business Wire
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.
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The global topical corticosteroids market
2018-2022 is expected to post a CAGR of close to 6% by 2022.
(Graphic: Business Wire)
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.
This report is available at a USD 1,000 discount for a
limited time only: View market snapshot before
purchasing
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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version on businesswire.com: https://www.businesswire.com/news/home/20181011005671/en/
Technavio ResearchJesse MaidaMedia & Marketing ExecutiveUS:
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