Analyzing the Hydrocortisone Market for 2024: Growth Trends, Market Size, and Key Growth Drivers

Overview and Scope
The hydrocortisone market consists of sales of hydrocortisone creams, ointments, lotions, and oral formulations. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

Sizing and Forecast
The hydrocortisone market size has grown strongly in recent years It will grow from $1.43 billion in 2023 to $1.52 billion in 2024 at a compound annual growth rate (CAGR) of 6.4%  The growth in the historic period can be attributed to rising skin disorder prevalence, an aging population, increased awareness and accessibility, pharmaceutical industry growth, and emerging market expansion.

The hydrocortisone market size is expected to see strong growth in the next few years It will grow to $1.96 billion in 2028 at a compound annual growth rate (CAGR) of 6.6%. The growth in the forecast period can be attributed to technological advancements, OTC demand surge, research and demand investments, growing disposable income, expanded distribution channels. Major trends in the forecast period include natural ingredient focus, combination therapies, personalized treatments, hydrocortisone-infused products, and sustainability emphasis.

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Segmentation & Regional Insights
The hydrocortisone market covered in this report is segmented –

1) By Type: Cream, Injection, Tablet
2) By Route Of Administration:  Parenteral, Oral, Topical
3) By Application : Adrenocortical Dysfunction, Adrenergic Syndrome, High Blood Calcium, Thyroiditis, Rheumatoid Arthritis, Dermatitis, Asthma And Chronic Obstructive Pulmonary Disease, Other Application
4) By Distribution Channel: Hospital Pharmacies, Retail Pharmacies, Online Pharmacies

North America was the largest region in the hydrocortisone market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the hydrocortisone market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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Major Driver Impacting Market Growth
The increasing prevalence of inflammatory and autoimmune diseases is expected to propel the growth of the hydrocortisone market going forward. Inflammatory and autoimmune diseases are conditions where the immune system mistakenly attacks the body's tissues, causing chronic inflammation and tissue damage. The rising adoption of treatments for inflammatory and autoimmune diseases is due to the increasing prevalence of these conditions and advancements in medical therapies. Hydrocortisone is used in inflammatory and autoimmune diseases such as severe asthma exacerbations to reduce airway inflammation and improve breathing rapidly. It is typically administered intravenously in emergencies. For instance, in May 2024, according to the data published by the National Center for Health Statistics (NCHS), a U.S.-based health statistics agency, the prevalence of current asthma among adults aged 18 and over in the United States increased from 8.4% in 2021 to 8.7% in 2022. Additionally, asthma episodes in the past 12 months for adults in the same age group rose from 3.3% in 2021 to 3.7% in 2022. Therefore, the increasing prevalence of inflammatory and autoimmune diseases will drive the growth of the hydrocortisone market.

Key Industry Players
Major companies operating in the hydrocortisone market are Pfizer Inc., Johnson & Johnson, Merck & Co Inc, AbbVie Inc., Bayer AG, Novartis AG, The Dow Chemical Company, GlaxoSmithKline plc (GSK), Viatris Inc., Solvay SA, Teva Pharmaceutical Industries Ltd., Alcon Inc, Sandoz International GmbH, Valeant Pharmaceuticals International Inc, Fresenius Kabi AG, Macleods Pharmaceuticals Limited, Sun Pharmaceutical Industries Ltd., Bausch & Lomb Incorporated, Hikma Pharmaceuticals PLC, Aspen Pharmacare Holdings Limited, Ivax Pharmaceuticals Inc, Glenmark Pharmaceuticals Ltd., Torrent Pharmaceuticals Limited, Impax Laboratories LLC, Akorn Incorporated, Taro Pharmaceutical Industries Ltd, Lannett Company Inc, Salix Pharmaceuticals Inc

The hydrocortisone market report table of contents includes:

1. Executive Summary
2. Market Characteristics
3. Market Trends And Strategies
4. Impact Of COVID-19
5. Market Size And Growth
6. Segmentation
7. Regional And Country Analysis
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27. Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis

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