HYDROCORTISONE MARKET ANALYSIS

Hydrocortisone MarketSize and Trends

Hydrocortisone Market - Market Dynamics

One of the major driver for growth of the hydrocortisone market is increasing incidence of disease such as cancer, allergic reactions, arthritis, thyroid disease, and others. International Agency for Research on Cancer in September 2018, released report titled GLOBOSCAN, which estimated latest data on cancer. According to the report, there were 18.1 million new cancer cases and 9.6 million cancer deaths in 2018, worldwide. One out of five men and one out of six women worldwide develop cancer during their lifetime, and one out of eight men and one out of 11 women die from the disease. Worldwide, the total number of people who are alive within 5 years of a cancer diagnosis, called the 5-year prevalence, is estimated to be 43.8 million.

However, several side effects associated with the use of hydrocortisone may inhibit the market growth. For instance, there is high chance of infection while utilizing hydrocortisone for reducing inflammation (swelling) in cancer patients as it prevents white blood cells from entering into site of inflammation which in turn may compromise ability to produce immune response in patients’ body after infection incidence.