Dexamethasone Market to Reach $1,052 Million, Globally, by 2031 at 6.0% CAGR: Growth Plus Reports


Pune, May 25, 2022 (GLOBE NEWSWIRE) -- Growth Plus Reports published the latest report, titled  “Dexamethasone Market by Route of Administration [Oral, Parenteral, and Topical], Application [Asthma, Rheumatoid Arthritis, COVID-19, and Ulcerative Colitis], Distribution Channel [Hospitals Pharmacy, Retail Pharmacy, and Online Pharmacy] – Global Outlook & Forecast 2021-2031” According to the report  Global Dexamethasone Market is expected to clock US$ ~1,052 million by 2031 owing to the rising COVID-19 cases globally and proven effectiveness of the drug for the treatment of COVID-19.

Growth Factor

Demand for Dexamethasone surged during COVID-19 pandemic. Health organizations across the globe are taking initiatives to meet the clinical needs (including availability of Dexamethasone) related to COVID-19. For instance, in July 2020, Unitaid and Wellcome joined ACT-A Therapeutic Partnership (initiated by WHO and other global partners) as co-conveners, to make dexamethasone available for low- and middle-income countries. Further, Unitaid in partnership with UNICEF made an initial purchase of oral and injectable dexamethasone, and it was aimed at providing to up to 4.5 million COVID patients in the low- and middle-income countries. Such efforts would help manage the treatment of COVID-19 patients and in the process, drive the growth of dexamethasone market.

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The global dexamethasone market has been analyzed from four different perspectives–Routes of Administration, Application, Distribution Channel, and Region.

Excerpts from ‘By Application Segmentation’

The global dexamethasone market has been segmented into five distinct categories depending on application, viz. asthma, rheumatoid arthritis, COVID-19, ulcerative colitis, and others (skin disorders, allergic disorder, etc.). The COVID-19 segment is expected to be the fastest growing segment as dexamethasone has witnessed a sudden rise in the demand during the pandemic. Use of dexamethasone reduced death rates by nearly a third among COVID-19 patients who required mechanical breathing assistance. This led to increase in demand for dexamethasone by more the 600% at healthcare institutes across the globe.

Excerpts from ‘By Region Segmentation’

The global dexamethasone market has been segmented into North America, Europe, Asia Pacific, and the Rest of the World (RoW). North America is expected to command the largest share of the global dexamethasone market in 2020, followed by Asia Pacific, Europe, and Rest of the World (RoW). Factors such as greater healthcare expenditure, growing prevalence of asthma and rheumatoid arthritis, and increasing number of FDA approvals for various dexamethasone formulations are driving its demand in the region. Moreover, rising demand for the drug owing to its positive outcomes in the treatment of COVID-19 patients is further expected to contribute to the market growth in the North America.

Scope of the Report

Report AttributesDetails
Market Size in 2021USD 1,052 million
Revenue Forecast By 2030USD 500 million
Base Year2020
Forecast Data2021 to 2030
Companies CoveredNovartis AG, Pfizer Inc., Cadila Pharmaceuticals., Sun Pharmaceutical Industries Ltd., Allergan, Zydus Cadila, Fresenius Kabi USA, GLS pharma ltd., Hikma Pharmaceuticals PLC, Ocular Therapeutix, Inc

Excerpts from ‘Competitive Landscape’

The prominent players operating in the global dexamethasone market are:-

  • Novartis AG
  • Pfizer Inc
  • Cadila Pharmaceuticals
  • Sun Pharmaceutical Industries Ltd
  • Allergan
  • Zydus Cadila
  • Fresenius Kabi USA
  • GLS pharma ltd
  • Hikma Pharmaceuticals Plc
  • Ocular Therapeutix, Inc
  • Among others

Market Segmentation

By Route of Administration: -

  • Oral
  • Parenteral
  • Topical

By Application: -

  • Asthma
  • Rheumatoid Arthritis
  • COVID-19
  • Ulcerative Colitis

By Distribution Channel: -

  • Hospitals Pharmacy
  • Retail Pharmacy
  • Online Pharmacy


VALUE PROPOSITIONS RELATED TO THE REPORT:

  • Powered with Complimentary Analyst Hours and Expert Interviews with Each Report
  • Comprehensive quantitative and qualitative insights at segment and sub-segment level
  • Covid-19 impact trends and perspective
  • Granular insights at global/regional/country level
  • Deep-rooted insights on market dynamics (drivers, restraints, opportunities) and business environment
  • Blanket coverage on competitive landscape
  • Winning imperatives
  • Exhaustive coverage on 'Strategic Developments' registered by leading players of the market


CUSTOMIZATION OPTIONS:

  • Distributor Landscape Assessment
  • Pricing Intelligence
  • Customer Base Assessment
  • Investment & Initiatives Analysis
  • 'Business Profile' of Key Players

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