Cortisone market’s evolution stems from the therapeutic effect of corticosteroid with glucocorticoid activity. The popularity in therapeutic application is triggered by wide spectrum of applications of systemic corticosteroid therapy. It has been popularly used in patients with adrenal insufficiency. The endogenous hormone cortisol is structurally and pharmacologically similar to glucocorticoids, one of the key classes of corticosteroids–the synthetic analogues of the natural steroid hormones and their mediators. The anti-inflammatory, anti-proliferative, vaso-constrictive, and immunosuppressive effects have been fervently studied by researchers, expanding the avenue for industry players in the cortisone market. Use of corticosteroids for the management of ophthalmologic, dermatologic, rheumatologic, hematologic, gastrointestinal (GI), and pulmonary disorders. Various drug makers have utilized them for immune-modulatory actions.
Positive results emanating from wide array of studies on physiological and pharmacological actions of cortisone have triggered its utilization in inflammatory and autoimmune diseases. The increasing trend of research has unlocked new prospects in the cortisone market.
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Cortisone Market: Key Trends
Growing application of cortisone in managing/treating allergies and inflammatory diseases has offered a huge undercurrent to the expansion of the cortisone market. Increasing appreciation of corticosteroids in septic shock rheumatoid arthritis, inflammatory bowel disease, and multiple sclerosis is boosting the prospect.
Despite the relatively low prevalence of autoimmune diseases, they have become infamous for the high mortality and morbidity in worldwide populations. Rising incidence of cancer is a key trend bolstering research and development on drugs based on cortisone.
However, the adverse effects of glucocorticoids have heavily impeded the realization of the revenue potential of cortisone market. Some of the key concerns are cardiovascular adverse effects, infections, and dermatologic adverse effects. Hence, it is increasingly crucial that industry players can reconcile the adverse affects with respect to their potential clinical affects. High mortality of adrenal suppression in pediatrics will spur new avenues in the global cortisone market. A new attractiveness quotient in the market has been opened by the realization of the potential of use of cortisone for managing skin conditions. The creams have found to be beneficial in wasp stings, redness, itch, and inflammation.
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Cortisone Market: Competitive Analysis and Key Developments
The competitive avenue in the cortisone market is expected to gain momentum on the back of focus of industry players making efforts to utilizing the results of studies on efficacy of cortisone in anti-inflammatory action. Researchers have been trying to reduce the key side effects of medications that have glucocorticoids. Even when taken in mild actions, sometimes the adverse effects have been found to be significant. Glucocorticoid-induced acute neuropsychiatric impairment has been established in some studies. Hence, the role of clinicians in assessing the right cohort of patients is substantive. They keep a keen watch on the side-effects of long-term systemic glucocorticoid therapy.
Some of the industry players at the forefront of the cortisone market are Sandoz, Merit Pharmaceutical, ANI Pharmaceuticals, Inc.,Aptalis Pharma Canada Inc., Crown Pharmaceuticals, Valeant Pharmaceuticals, Perrigo Company plc., Taro Pharmaceutical Industries Ltd., Sun Pharmaceutical Industries Ltd., and Pfizer Inc.
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Cortisone Market: Regional Assessment
North America is a promisingly lucrative market, driven by the wide array of research and clinical studies on the pharmacology. Commercialization of systemic corticosteroid compounds in the U.S. and Canada has spurred the revenue growth of the regional market. Rising utilization of anti-inflammatory and immunosuppressive agent by drugmakers has boosted the high-growth areas in the North America market. Asia Pacific has recently emerged as a promising cortisone market. A large proportion of the growth impetus has come from the rapidly bulging patient population. An example is the rising incidence of autoimmune diseases. Rapidly aging population in some parts of the region has spurred the growth prospects.
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