GITNUX MARKETDATA REPORT 2024

Cortisone Shots Industry Statistics

The cortisone shots industry is expected to continue to grow steadily due to the increasing prevalence of musculoskeletal conditions and rising awareness of the benefits of cortisone injections for pain management and inflammation reduction.

In this post, we explore key statistics and trends in the global corticosteroids industry. From market sizes and growth projections to regional dominance and prevalent usage in healthcare settings, the data paints a comprehensive picture of the evolving landscape of cortisone shots. Join us as we uncover the numbers shaping this competitive market.

Statistic 1

"Global corticosteroids market size was valued at USD $3,476.0 Mn in 2017."

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Statistic 2

"The global corticosteroids market is projected to grow at a CAGR of 5.2% between 2020-2027."

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Statistic 3

"Europe dominated the global corticosteroids market in 2019, with a market value of USD 1,319.7 Mn."

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Statistic 4

"North America was the second-largest market for corticosteroids in 2019."

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Statistic 5

"Injectable corticosteroids held the biggest market share (51.2%) in 2019."

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Statistic 6

"Hospitals & clinics held the largest share of 37.5% in the corticosteroids market in 2019."

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Statistic 7

"32 million American adults receive corticosteroid prescriptions each year."

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Statistic 8

"Therapy with corticosteroids is projected to reach USD 883.43 million by 2028 globally."

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Statistic 9

"The Asia Pacific corticosteroids market is expected to grow at the highest CAGR during 2020-2027."

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Statistic 10

"China and India are the major contributors to the growth of corticosteroids in the Asia Pacific."

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Statistic 11

"The global corticosteroids market is moderately fragmented and competitive."

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Statistic 12

"The key players in the corticosteroids market include Pfizer Inc., Johnson & Johnson Services, Inc., and Merck KGaA."

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Statistic 13

"Glucocorticoids segment holds the significant market share in the global corticosteroids market."

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Statistic 14

"Skin related diseases treatment is projected to drive the corticosteroids market in the forecast period due to increasing prevalence of skin diseases like eczema and psoriasis."

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Statistic 15

"Topical corticosteroids market is estimated to reach USD 4506.31 Million by 2025, with a CAGR of 5.8% from 2020 to 2025."

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Statistic 16

"In 2026, the corticosteroids market in Latin America is projected to reach US$ 220.2 million."

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Statistic 17

"Approximately 2 in every 100 (2.3%) adults in the U.S. receive an annual prescription for oral corticosteroids."

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Statistic 18

"Asthma and Chronic Obstructive Pulmonary Disease (COPD) together accounted for nearly half (48.1%) of all oral corticosteroid prescriptions."

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Statistic 19

"The corticosteroids market in retail pharmacies is expected to reach US$ 254.1 million by 2026 globally."

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Statistic 20

"The Middle East and Africa corticosteroids market is projected to witness significant CAGR during the forecast period due to increasing incidences of skin diseases in these regions."

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The global corticosteroids market is experiencing significant growth and is projected to continue expanding in the coming years, driven by various factors such as increasing prevalence of skin diseases, asthma, and COPD. Injectable corticosteroids, hospitals & clinics, and glucocorticoids are major players in this market, with regions like Europe, North America, Asia Pacific, Latin America, and the Middle East and Africa showing promising growth trends. Key players in the market include Pfizer Inc., Johnson & Johnson Services, Inc., and Merck KGaA. As the industry remains moderately fragmented and competitive, it is evident that corticosteroids play a crucial role in healthcare worldwide, impacting millions of individuals and driving substantial economic value.

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