Cortisone Market Size to Reach USD 1.54 Billion by year 2026 | Reports And Data

April 28 06:10 2021
Cortisone Market Size to Reach USD 1.54 Billion by year 2026 | Reports And Data

Cortisone Market
The study methodologies used to examine Cortisone Market for the forecast period, 2020 – 2026 further classifies the industry by type, geography, end-use and end-user to add more precision and bring to light factors responsible for augmenting business development.

According to the current analysis of Reports and Data, the global Cortisone market was valued at USD 1.15 billion in 2018 and is expected to reach USD 1.54 billion by year 2026, at a CAGR of 3.7%. The study covers drivers impacting the market growth, obstruction of the market and upcoming opportunities of the cortisone market. Cortisone is a naturally occurring glucocorticoid that reduces the body immune response. Cortisone is an inactive agent itself but get converted into an active metabolite hydrocortisone into liver. The glucocorticoid (cortisone) work through the glucocorticoid receptors, inhibiting molecules responsible for inflammation. Cortisone shots or an injection form of cortisone is used as an orexigenic to boost the appetite in cancer patients. Moreover, this steroid hormone is not considered as oncogenic, glucocorticoid inhibit the growth and the cell apoptosis in lymphoid system it is used as anti-cancer treatment for leukemia, lymphoma, multiple myeloma. According to the estimation approximately in 2019 1,762,450 new cancer cases is expected to be diagnosed in the US, an estimation in observed approximately 74,200 new incidences of Non-Hodgkin lymphoma and 8,110 new incidences of Hodgkin lymphoma is expected to be encountered in the US. Lymphoma is a type of cancer which originates in lymph system and may spread to another lymph system.

Key participants include Pfizer Inc., Sun Pharmaceutical Industries Ltd., Taro Pharmaceutical Industries Ltd., Perrigo Company plc, Valeant Pharmaceuticals, Crown Pharmaceuticals, Aptalis Pharma Canada Inc., ANI Pharmaceuticals, Inc., Merit Pharmaceutical, Sandoz

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Cortisone acts as an anti-inflammatory; inflammation is a body’s defensive mechanism against foreign matter or antigen. Cortisone inhibit the inflammation causing chemical agents, and lowers the natural body immune system. Auto-immune diseases are rising worldwide. According to American Autoimmune Related Disease Association approximately 50 million people have been diagnosed with auto-immune disease and is expected to grow in future year. There has been approximate research funding of USD 888 million for auto-immune disease. Auto-immune disease such as rheumatoid arthritis shows sign of inflammation at the articulation, cortisone can be used to lower inflammation. Cortisone can be used in face acne problems, its cream formulation reduces the swelling and redness but it is not prescribed for acne officially as it does not kill the bacteria (an actual reason of acne causing), it only decreases the inflammation, but it is used in the combination with other treatment measure for acne. According to estimation of WHO approximately 30 million people suffer from sepsis every year globally. Sepsis is caused when body’s immune response is overactive and injure its own tissues. Hydrocortisone in combination with vitamin C and thiamine can be used for the treatment of sepsis shock and prevention of organ dysfunction and kidney injury.

Cortisone is applicable in allergic reactions such as asthma, allergic rhinitis. In such cases the respiratory track swells and produces extra muscle as a response of overactive immune system. Cortisone reduces the inflammation in the path. Cortisone is not recommended in specific circumstances such as insomnia, nausea, heartburn, muscle weakness, weakened wound healing mechanism, increased blood sugar and blood pressure. Cortisone tends to retain the body fluid and increases the body blood volume, increasing the blood pressure of an individual which can prove fatal in some cases.

For the purpose of this report, Reports and Data has segmented the Cortisone market on the basis of formulation, route of administration, route of administration, application, patient use, and region:

 

Formulation Outlook (Revenue, USD Million; 2016-2026)

  • Tablet
  • Injection
  • Eye Ointment
  • Eye Drop
  • Cream and Ointment
  • Enema
  • Patch

 

Route of Administration Outlook (Revenue, USD Million; 2016-2026)

  • Oral
  • Parenteral
  • Rectal
  • Ocular
  • Topical

 

Application Outlook (Revenue, USD Million; 2016-2026)

  • Cancer
  • Back pain
  • Bursitis
  • Gout
  • Osteoarthritis
  • Psoriatic Arthritis
  • Rheumatoid Arthritis
  • Ankylosing Spondylitis
  • Others

 

Patient Use Outlook (Revenue, USD Million; 2016-2026)

  • Adult
  • Pediatric

 

Regional Outlook (Revenue, USD Million; 2016-2026)

  • North America
  • Europe
  • Asia Pacific
  • Middle East & Africa
  • Latin America

 

Further key findings from the report suggest

  • During 2019-2026, Cortisone market is expected to register a CAGR of 3% in Asia Pacific; followed by North America and Europe, with 3.6% and 3.4% CAGR, respectively. High prevalence of infectious diseases across the globe is the major factor driving the market during the forecast period across all regions.
  • The Rheumatoid Arthritis segment dominates the market as of 2018. It is estimated to grow at a CAGR of 4.2% during the forecast period, owing it to rise in auto-immunity and geriatric population across the globe reporting highest arthritic population
  • The injection route for the administration of Cortisone (Cortisone shots) segment is forecasted to be the fastest growing market segment, estimated to witness a CAGR of 3.8%.
  • Asia Pacific is expected to account for the CAGR 4.3% of the global Cortisone market. Developing nations such China, and India are likely to witness high growth due to high geriatric population, and high prevalence of target diseases in the region
  • Technological advancements in the market such as iontophoresis (cortisone patches along with electrodes attached to it) approach the target and deliver anti-inflammatory activity in case of joint pain. This system is the only route for delivering cortisone in-depth of the subcutaneous layer of the skin and is beneficial in certain rural areas
  • Slow rate of commercialization, reluctance toward the adoption of new treatment practices and launch of new product are among the key factors likely to hamper growth of the market

 

Table of Content:

Chapter 1. Market Synopsis
    1.1. Market Definition
    1.2. Research Scope & Premise
    1.3. Methodology
    1.4. Market Estimation Technique
Chapter 2. Executive Summary
    2.1. Summary Snapshot, 2018 – 2026
Chapter 3. Indicative Metrics
    3.1. Rising incidence of autoimmunity
    3.2. Increasing incidences of sepsis
Chapter 4. Cortisone Segmentation & Impact Analysis
    4.1. Cortisone Segmentation Analysis
    4.2. Pipeline Analysis
    4.3. Regulatory framework
    4.4. Cortisone Market Impact Analysis
          4.4.1. Market driver analysis
                  4.4.1.1. Increasing prevalence of cancer
                  4.4.1.2. Increasing prevalence auto-immune disease
                  4.4.1.3. Increasing geriatric population
                  4.4.1.4. Increasing prevalence of allergic reactions
           4.4.2. Market restraint analysis
                   4.4.2.1. Side effects associated with the drug
    4.5. Key opportunities prioritized
    4.6. Cortisone Pricing Analysis
    4.7. Industry analysis – Porter’s
    4.8. Cortisone PESTEL Analysis

Continued…

 

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