How Big Is the Corticosteroid Market | Growth, Trends & Analysis 2031

Q: What is the market size of the corticosteroid industry?

Corticosteroid market was valued at USD 5.9 billion and is projected to reach USD 9.1 billion.

Q: What is the CAGR of the corticosteroid market during the forecast period?

Corticosteroid market is expected to grow at a CAGR of 6.3%.

Q: What are the key drivers of the corticosteroid market?

Corticosteroid market is driven by rising chronic diseases, geriatric population, and advanced formulations for targeted therapies.

Q: What trends are shaping the corticosteroid market?

Corticosteroid market trends include innovations in delivery systems, demand for safer low-dose variants, and strategic industry collaborations.

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Code: MTA5377

Publication Date: Jul 2025

What is the Corticosteroid Market Size?

According to 6Wresearch internal database and industry insights, the Global Corticosteroid Market was valued at USD 5.9 billion in 2024 and is anticipated to exceed USD 9.1 billion by 2031, registering a steady at a CAGR of 6.3% during the forecast period.

Corticosteroid market is witnessing steady expansion driven by rising prevalence of inflammatory, allergic, and autoimmune disorders. The increasing use of corticosteroids in dermatology, respiratory diseases, and rheumatology treatments is a major contributor to demand. Key drivers include the surge in chronic disease cases, advancements in drug delivery systems, and growing healthcare awareness. Expanding geriatric population and the availability of both topical and systemic corticosteroids are further fostering market growth.

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Major Growth Factors of the Corticosteroid Industry

Rising prevalence of chronic and inflammatory diseases
Increasing use in dermatology and respiratory care
Technological advancements in drug formulations
Expanding geriatric population
Increased healthcare spending globally
Growing demand for minimally invasive treatments
Rising adoption in veterinary medicine
Expanding pharmaceutical distribution networks

Corticosteroid Market Trends

Corticosteroid market is experiencing significant traction with the development of more targeted therapies and novel drug delivery methods, such as inhalers and injectables. The preference for low-dose corticosteroids with fewer side effects is growing, alongside increased use in combination therapies. Regulatory approvals and strategic collaborations are also influencing market dynamics positively.

Emerging Developments in the Corticosteroid Industry

Corticosteroid industry is evolving with innovations such as liposomal formulations, nanotechnology-based delivery systems, and non-steroidal alternatives that mimic corticosteroid action. Biopharmaceutical companies are increasingly investing in research to enhance efficacy while minimizing adverse effects. Personalized corticosteroid therapies based on genetic profiling are also gaining attention.