The Methylprednisolone Market is expected to grow at a significant CAGR during the forecast period (2021-2027). It is a corticosteroid drug that is used to control inflammatory immunological responses. It’s used to treat inflammatory illnesses including lupus, arthritis, psoriasis, ulcerative colitis, gland abnormalities, and skin, lungs, stomach, and nervous system issues. The drug can be taken orally or injected into a vein or muscle. When a comparable medication cannot be taken by mouth or when a rapid response is required, such as in individuals with severe medical problems, an injectable version of methylprednisolone is utilized.
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The global methylprednisolone market is projected to be driven by an increase in the prevalence of chronic diseases and occurrences of a variety of medical conditions such as brain tumours and skin diseases, as well as technical advancements in drug discovery and development procedures.
The skin care segment is expected to dominate the market during the forecast period due to a range of applications of corticosteroids in the treatment of skin diseases like rash, dermatitis, itching, eczema and psoriasis, which are common in rising the rising geriatric population. The increased storage capacity of topical corticosteroids is also expected to drive market growth. Because age causes the normal functioning of organ systems, including the skin. The elderly population is particularly vulnerable to skin disorders. The geriatric population with skin problems prefers oral corticosteroid treatment because it is more convenient.
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Methylprednisolone was authorised by the FDA on October 24, 1957. Moreover, the efficiency of a low dose methylprednisolone treatment in COVID-19 has been proved during the pandemic. Clinical studies are being conducted to see how effective methylprednisolone is in treating new coronavirus pneumonia. Thus, the use of methylprednisolone in the treatment of COVID-19 is driving market growth in recent times.
Global Methylprednisolone Market – Segmentation
By Type
Infusion (Intravenous)
Oral
By Application
Hospitals
Drug Store
R&D Institutes
Global Methylprednisolone Market – Segmentation by Region
North America
United States
Canada
Europe
Germany
United Kingdom
France
Spain
Italy
Rest of Europe
Asia-Pacific
China
Japan
India
Rest of Asia-Pacific
Rest of the World
Company Profiles
Endo International Plc
Jubilant Cadista
Teva Pharmaceuticals
Tianjin Kingyork
Pfizer Inc.
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