Cortisone is a natural steroid hormone often associated with stress. Cortisone, nature’s built-in alarm system, is produced in the adrenal gland and fuels body’s fight or flight instincts during unpredictable or threatening events. Cortisone, an active compound of cortisol, helps in pain-relief and inflammation relief during cases of injury to the joints and arthritis. On the contrary, increased levels of cortisone in the body for a prolonged period, Cushing’s syndrome, is associated with number of health problems like high blood pressure, muscle weakness, rapid weight gain, trouble sleeping, diabetes, etc. and psychiatric conditions such as depression and anxiety. Additionally, very low levels of cortisone leads to Addison’s disease, though the onset is very gradual and the symptoms include loss of appetite and weight, fatigue, mood changes and being tired all the time. Cortisone works best for the body when it is present in a balanced level.
Cortisone Market: Drivers and Restraints
Cortisone market is highly driven by increased number of population under stress and increased rate of joint pain like wrist, knee, arthritis problem, ulcerative colitis, lupus and need of anti-inflammatory medication. The problems associated with unbalanced levels of cortisone levels in the body requires proper medical care that requires use of cortisone steroids or supplements which is expected to fuel the cortisone market. Rising incidents of psychiatric conditions like stress and depression is also expected to boost the cortisone market even further. However, usage of cortisone steroids or supplements may have some side effects like dizziness, headache, menstrual changes or some people could be allergic to it which might slow down the cortisone market.
Cortisone Market: Region Wise Outlook
North America and Latin America holds the top position in the cortisone market, owing to the rising dominance of various types of allergies, skin problems and arthritis and growing demand for corticosteroid injection in the countries like U.S., Canada, Mexico, Brazil and others. Europe holds the substantial market in the forecasted time period and is expected to closely follow North America and Latin America. Attributed to factors such as high prevalence of breathing related problems, joint injuries (such as ankle, elbow, hip, knee, shoulder, spine and wrist), diabetes and obesity in East and South Asia creates a lucrative opportunity for the growth of the cortisone market in the these regions. Moreover, growing understanding of sport sector injuries and the use of cortisone medication for their treatment, affect the growth of the market positively. Middle East & Africa also show a substantial growth in the cortisol market due to high prevalence of chronic diseases like diabetes and obesity, and improving healthcare infrastructure.
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Cortisone Market: Key Market Players
Some of the key market participants the cortisone market are: Merck & Co., Inc., Novartis AG , Pfizer, AstraZeneca, GlaxoSmithKline, Bristol-Myers Squibb Company, Pharmascience Inc., and others.
The research report on cortisone market presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report on Cortisone market provides analysis and information according to market segments such as geographies, application, and industry.
The report covers exhaust analysis on:
- Market Segments
- Market Dynamics
- Market Size
- Supply & Demand
- Current Trends/Issues/Challenges
- Competition & Companies involved
- Technology
- Value Chain
Regional analysis includes:
- North America (U.S., Canada)
- Latin America (Mexico. Brazil)
- Western Europe (Germany, Italy, France, U.K, Spain)
- Eastern Europe (Poland, Russia)
- Asia Pacific (India, ASEAN, Australia & New Zealand)
- China
- Japan
- Middle East and Africa (GCC Countries, S. Africa, Northern Africa)
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
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Cortisone Market: Segmentation
Tentatively, the global cortisone market has been segmented on the basis of form, by indication, by distribution channel and geography.
Based on the basis of form, the global cortisone market is segmented as:
- Injectables
- Oral tablets
- Tropical
Based on the basis of indication, the global cortisone market is segmented as:
- Arthritis
- Anemia
- Asthma
- Allergic conditions
- Psoriasis
- others
Based on the basis of distribution channel, the global cortisone market is segmented as:
- Drug store
- Retail store
- Hospitals
- Speciality Clinics