
Factors such as increase in prevalence of chronic & infectious diseases (cancers, respiratory diseases, skin disease, neural diseases, and gastrointestinal diseases), rise in drug resistance, and low cost of products drive the market growth. In addition, rise in therapeutical product application fuel the growth of corticosteroids market. However, side effects associated with corticosteroids (such as cataract, high blood sugar, thinning bones, and high risk of infections) restrain the market growth. Ongoing R&D activities in the field of pharmaceutical industry is anticipated to create new opportunities during the forecast period for the market.