Cortisone Market:
Overview
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.
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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.
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.
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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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