Cortisone Shots Market In-depth Analysis by Product Specification, Types, Applications and Growth
Cortisone shots are used of the treatment of a
spectrum of diseases. Rising prevalence of chronic diseases such as rheumatoid
arthritis, osteoarthritis, tendinitis and other diseases, extensive demand for
the treatment of severe sport injuries and increasing number of sport medicine
centers stimulate the growth of the market. Presence of key players also boost
the growth of the market. The growth of the market is restricted due to the
side effects of cortisone shots such as joint infection, and nerve damage.
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The global cortisone shots market is expected to
grow at a CAGR of 5.2% during the forecast period.
In dermatology, these shot are administered for
skin conditions such as shingles, whereas in orthopedic they are used to treat
joint pain and in the treatment of diseases such as osteoarthritis, and
tendinitis. Medical practitioners also administer cortisone shots in the
gluteus muscle to treat an allergic reaction.
Market Top Players
Some of the key players in the global market are Merck
& Co. Inc. (U.S.)
Pfizer (U.S.)
Bristol-Myers Squibb Company (U.S.)
Novartis AG (Germany)
GlaxoSmithKline (U.S.)
Pharmascience Inc. (U.S.)
Farmabios SPA (Italy)
AdvaCare Pharma (U.S.)
And others.
Market Segments
The global cortisone shots market is segmented on
the basis of type, indication, and end user.
On the basis of type, market is segmented
into articular or joint injections, epidural steroid injection, trigger
point" injection, and others.
On the basis of indication, the market is
segmented into rheumatoid arthritis, psoriatic arthritis, bursitis, allergic
reaction, skin conditions, and others.
On the basis of end user, the market is
segmented into hospitals, clinics, sport medicine centers, pharmaceutical
companies, and others.
Table of Content
1 Report Prologue
2 Market Introduction
3 Research Methodology
4 Market Dynamics
4.1 Drivers
4.2 Restrains
4.3 Opportunities
4.4 Challenges
4.5 Macroeconomic Indicators
4.6 Technology Trends & Assessment
5 Market Factor Analysis
5.1 Porters Five Forces Analysis
5.1.1 Bargaining Power of Suppliers
5.1.2 Bargaining Power of Buyers
5.1.3 Threat of New Entrants
5.1.4 Threat of Substitutes
…To be Continued.
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Regional Analysis:
In the Americas, rising prevalence of various
types of allergies, arthritis, tendinitis, and others, and rising demand for
corticosteroid injection in the U.S. are key drivers for the growth of the
market. According to the Center for Disease Control and Prevention, from 2013-
2015, an estimated 54.4 million U.S. adults annually were diagnosed with
rheumatoid arthritis, gout, lupus, or fibromyalgia. They also estimated
that nearly 78 million (26%) U.S. adults, aged 18 years or older are projected
to have doctor-diagnosed arthritis by 2040.
Europe is the second largest market for septic
arthritis owing to the rising prevalence of rheumatoid arthritis in European
countries and availability of funds for research and development activities.
The market in Asia Pacific is expected to grow at
the fastest pace and is driven by the rising prevalence of diabetes and
obesity, which act as risk factors for the growth of the market. China, and
India are the leading countries with increasing prevalence of diabetes.
The Middle East & Africa also show a steady
rise in the market owing to high prevalence of chronic diseases, and increasing
healthcare expenditure also influences the market growth in the Middle East
& African countries.
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