Prednisone Market Size

  • Report ID: 5384
  • Published Date: Nov 20, 2023
  • Report Format: PDF, PPT

Prednisone Market Size

Prednisone Market size is estimated to cross USD 9 billion by the end of 2036, expanding around 5% CAGR during the forecast period, i.e., 2024-2036. In the year 2023, the industry size of prednisone was over USD 6 billion.  The major element to influence the market expansion is the surge in the prevalence of skin disease. According to the World Health Organization, it has been estimated that 1.8 billion people worldwide suffer from skin disorders at any given moment. Skin infections, which may be caused by bacteria, viruses, fungi, or parasites, are the most common cause of illness in tropical and low-resource environments.

As a result, there have been growing initiatives such as the launch of new prednisone medication and spreading awareness among people for the same by the government in such an environment to tackle the issue of skin disease. This is since it is estimated that skin disease might also further increase the prevalence of death. Therefore, the market demand for prednisone is set to grow over the coming years.

Prednisone Market
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Author Credits:  Radhika Pawar

  • Report ID: 5384
  • Published Date: Nov 20, 2023
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

The major factors driving the growth of the market are surge in covid19 cases, rise in prevalence of irritable bowel, and growth in geriatric population.

The market size of prednisone is anticipated to attain a CAGR of 5% over the forecast period, i.e., 2024-2036.

The major players in the market are Pfizer Inc., Merck & Co., Inc., GSK plc, Sanofi, and others.

The skin allergies segment is anticipated to garner the largest market size by the end of 2036 and display significant growth opportunities.

The market in the North America region is projected to hold the largest market share by the end of 2036 and provide more business opportunities in the future.
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