About Steroids -
A steroid is an organic compound that is biologically active and has four rings arranged in a specific molecular configuration. Steroids serve two primary biological functions: they are important components of cell membranes that change membrane fluidity and they act as signaling molecules. Steroids, also known as corticosteroids, are anti-inflammatory medications that are used to treat a variety of conditions. Steroids are synthetic versions of hormones that are normally produced by the adrenal glands, which are two small glands above the kidneys. Steroids also suppress the immune system's activity, which is the body's natural defense against illness and infection. Any of a class of lipids (fats) with a specific chemical structure. Steroids can be found naturally in plants and animals or synthesized in the laboratory. Steroids include sex hormones, cholesterol, bile acids, and certain drugs
Attributes | Details |
---|
Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
There is less competition on the global market for steroids because there are more players and more services being offered. To increase their revenue and growth in the global steroid market, the companies follow new product launches or innovations. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Steroids - market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Pfizer (United States), Sanofi-Aventis (France), GlaxoSmithKline (United Kingdom), Novartis (Switzerland), AstraZeneca (United Kingdom), Merck (United States), Johnson & Johnson (United States), Roche (Switzerland), Eli Lilly & Co (United States) and Bristol-Myers Squibb (United States) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Wyeth (United States), Schering-Plough (United States) and Abbott Laboratories (United States).
Segmentation Overview
AMA Research has segmented the market of Global Steroids - market by Type (Tablets, Syrups, Inhaler, Nasal Spray, Injection and Cream/ Gel), Application (Asthma, Hay Fever, Painful Joints or Muscles, Chronic Obstructive Pulmonary Disease, Inflammatory Bowel Disease and Others) and Region.
On the basis of geography, the market of Steroids - has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by End Users, the sub-segment i.e. Hospital will boost the Steroids - market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Distribution Channel, the sub-segment i.e. Pharmacy will boost the Steroids - market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Species Types , the sub-segment i.e. Fungal Steroid will boost the Steroids - market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Leaders and their expansionary development strategies
In 2021 Merck to Acquire Acceleron Pharma Inc. Acceleron is focused on harnessing the power of the TGF-beta superfamily of proteins, which is known to play an important role in the regulation of cell growth, differentiation, and repair. Sotatercept, Accelerons lead therapeutic candidate, has a novel mechanism of action that has the potential to improve short-term and/or long-term clinical outcomes in pulmonary arterial hypertension patients. According to the terms of the acquisition agreement, Merck will launch a tender offer to acquire all outstanding Acceleron shares through a subsidiary.
On 2 May 2022 Plant-based anabolic complex launched to provide healthier steroid option. Nature Gains has released an entirely plant-based steroid combination supplement derived from plant testosterone boosters. The Natural Anabolic Complex in the NatuRoids product line aims to boost overall athletic performance. Ecdysterone, turkerstone, epicatechin, and Fadogia agrestis are the active ingredients. These mimic a chemically developed steroid for enhanced performance results when combined. It is the first time that this combination of plant-based steroid ecdysterone, turkesterone, and testosterone boosters is available to consumers as a dietary supplement
The Central Government proposed to make amendments to certain Drugs and Cosmetics Rules, in exercise of the powers conferred to it, by section 12 and section 33 of the Drugs and Cosmetics Act, 1940 (23 of 1940), in consultation with the Drugs Technical Advisory Board. The adverse effects induced by rampant misuse of creams containing corticosteroids along with antibiotics and antifungals causing damage to the skin of Indian citizens. Increasing number of cases of Topical Steroid Damaged Face (TSDF) and steroid modified recalcitrant and/or extensive tinea (fungal infection of the skin known as ringworm) have come to the notice of the dermatologists. These creams are purchased and used by the patients without any doctor's prescription as Schedule H provided exemption for topical or external use preparations from the purview of Schedule H and H1, in the note appended to these Schedules
Market Drivers
- Increase in Fatness Rates
- The Growing Popularity of Steroids in Bodybuilding Sector
Opportunities
- Bodybuilding Is Gaining Popularity among Young People
- Mounting Focus Youngster on Enlarged Muscle Strength and Power
Restraints
- Steroids Roots Sudden Mood Swings
- Steroids Causes Heart Issues
- Steroids Effect on Reproductive Issues
Challenges
- Side Effect of Steroid Causes Difficulty of Slipping
- Surges Risk of Blood Clots
- Upsurge Threat of Kidney Failure or Liver Failure
Key Target Audience
Steroids manufacturer, Steroids Providers, Hospital, Household, Pharma Industry, Government Bodies, Corporate Entities and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have the better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with purpose to understand companys positioning regarding market value, volume and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders etc. and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.