LOS ANGELES, BEIJING, LONDON and PUNE, India, September 19, 2018 /PRNewswire/ --
QY Research has recently published a report on global steroids market for the projected period of 7-years, i.e. between 2018 and 2025. The global steroid market is expected to reach the value of US$ 13.8 Bn in the year 2018. The market is showing a positive growth in the forecasted period and is likely to attain the value of US$ 17 Bn by the end of 2025.
The global steroid market is anticipated to create a huge impact in the years to come. Anabolic segment marks a faster growth rate in developing countries.
Steroids are basically man-made medicines that come in two different varieties- Anabolic and corticosteroids. Anabolic steroids are the most common variety of steroids which are used to treat the medical problems such as late puberty and muscle loss of the patients suffering from cancer and AIDS. However anabolic steroids most common yet illicit usage is found among athletes to enhance their performance.
Another type is corticosteroids which are relatively dubious. Corticosteroids are prescribed to treat autoimmune diseases and allergic reactions. Steroids reduce inflammation and the activity of the immune system. Steroids can be given systematically or locally where a problem exists.
Increasing trends among youngsters for bodybuilding is creating robust development in the global steroids market
Increasing craze among youngsters for bodybuilding is one of the significant factors which is boosting the growth of global steroids market. Steroids are used as performance-enhancing drug across the globe. With a rise in the sports events, the demand for steroids has also increased remarkably which is creating a positive impact on the worldwide market for steroids. Steroids have an ability to increase pubic and facial hair. It not only helps in deepen the voice but also improve focus and ambition. Thus, steroids are useful for those who have overly feminine hormones.
However, there are huge side effects associated with the usage of steroids such as rapid mood swings. Heart problem, fertility issues, shrinking of the testicles and excessive hair growth in women which are hampering the growth of the global steroid market.
"Anabolic segment to expand at Compound Annual Growth Rate of 4.4% during the forecasted period"
The global market for steroids is mainly segmented into corticosteroids and anabolic. On the basis of the type the corticosteroids segments is further segmented into Prednisone, Fluticasone, Hydrocortisone, Mometasone and Budesonide, while its application segments are sub-segmented into oral, topical, injection and inhalation. Inhalation is the largest application of corticosteroids segment, which was grabbed 70% of the total market share in 2017. The revenue share of this segment is expected to decrease to 55% in 2025.
Based on the type, the anabolic segment is sub-segmented into Drospirenone, Progesterone, Testosterone, and Others. Progesterone is the largest application type segment of anabolic segment. This segment was valued at US$ 2.9 Bn in 2017 and is expected to reach US$ 4.4 Bn in 2025. The corticosteroids segment is likely to expand at a CAGR of 1.8%, while anabolic segment is expected to expand at a CAGR of 4.4% during the projected period.
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Global steroid market: Key Players
Zizhu Pharma, MSD (Merck), Bayer, GSK, Sumitomo Dainippon, AstraZeneca, Cipla, Pfizer, Novartis, and Sanofi are some of the leading players operating in the global steroids market.
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