| Product Code: ETC8853458 | Publication Date: Sep 2024 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Vasudha | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
In 2024, the Philippines continued to heavily rely on imports of topical corticosteroids, with key exporting countries being China, Brazil, Thailand, Malaysia, and Taiwan. The high Herfindahl-Hirschman Index (HHI) indicates a concentrated market, despite a remarkable compound annual growth rate (CAGR) of 30.92% from 2020 to 2024. The impressive growth rate of 64.33% from 2023 to 2024 suggests a significant surge in demand for topical corticosteroids in the Philippines, highlighting opportunities for market expansion and strategic partnerships in the sector.

1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Philippines Topical Corticosteroids Market Overview |
3.1 Philippines Country Macro Economic Indicators |
3.2 Philippines Topical Corticosteroids Market Revenues & Volume, 2021 & 2031F |
3.3 Philippines Topical Corticosteroids Market - Industry Life Cycle |
3.4 Philippines Topical Corticosteroids Market - Porter's Five Forces |
3.5 Philippines Topical Corticosteroids Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Philippines Topical Corticosteroids Market Revenues & Volume Share, By End User, 2021 & 2031F |
4 Philippines Topical Corticosteroids Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing prevalence of skin disorders such as eczema, psoriasis, and dermatitis in the Philippines. |
4.2.2 Growing awareness about the benefits of topical corticosteroids for treating various skin conditions. |
4.2.3 Rise in disposable income leading to higher expenditure on healthcare products. |
4.3 Market Restraints |
4.3.1 Stringent regulations and guidelines for the sale and use of corticosteroids. |
4.3.2 Concerns regarding the side effects of prolonged use of topical corticosteroids. |
5 Philippines Topical Corticosteroids Market Trends |
6 Philippines Topical Corticosteroids Market, By Types |
6.1 Philippines Topical Corticosteroids Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Philippines Topical Corticosteroids Market Revenues & Volume, By Type, 2021- 2031F |
6.1.3 Philippines Topical Corticosteroids Market Revenues & Volume, By Prescription, 2021- 2031F |
6.1.4 Philippines Topical Corticosteroids Market Revenues & Volume, By OTC, 2021- 2031F |
6.2 Philippines Topical Corticosteroids Market, By End User |
6.2.1 Overview and Analysis |
6.2.2 Philippines Topical Corticosteroids Market Revenues & Volume, By Hospitals, 2021- 2031F |
6.2.3 Philippines Topical Corticosteroids Market Revenues & Volume, By Dermatology clinics, 2021- 2031F |
6.2.4 Philippines Topical Corticosteroids Market Revenues & Volume, By Pharmacies, 2021- 2031F |
6.2.5 Philippines Topical Corticosteroids Market Revenues & Volume, By Others, 2021- 2031F |
7 Philippines Topical Corticosteroids Market Import-Export Trade Statistics |
7.1 Philippines Topical Corticosteroids Market Export to Major Countries |
7.2 Philippines Topical Corticosteroids Market Imports from Major Countries |
8 Philippines Topical Corticosteroids Market Key Performance Indicators |
8.1 Number of dermatologist prescriptions for topical corticosteroids. |
8.2 Patient adherence rate to prescribed corticosteroid treatment regimens. |
8.3 Rate of new product development and introduction in the topical corticosteroids market. |
9 Philippines Topical Corticosteroids Market - Opportunity Assessment |
9.1 Philippines Topical Corticosteroids Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Philippines Topical Corticosteroids Market Opportunity Assessment, By End User, 2021 & 2031F |
10 Philippines Topical Corticosteroids Market - Competitive Landscape |
10.1 Philippines Topical Corticosteroids Market Revenue Share, By Companies, 2024 |
10.2 Philippines Topical Corticosteroids Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
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