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

October 11, 2018

LONDON--(BUSINESS WIRE)--Oct 11, 2018--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 .

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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 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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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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View source version on businesswire.com:https://www.businesswire.com/news/home/20181011005671/en/

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KEYWORD:

INDUSTRY KEYWORD: HEALTH INFECTIOUS DISEASES

SOURCE: Technavio Research

Copyright Business Wire 2018.

PUB: 10/11/2018 11:47 AM/DISC: 10/11/2018 11:47 AM

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