HYDROCORTISONE MARKET ANALYSIS
Hydrocortisone Market - Regional Insights
On the basis of geography, hydrocortisone market is segmented into North America, Latin America, Europe, Asia Pacific, Middle East, and Africa. North America is expected to be dominant region in the hydrocortisone market during forecast period. This is owing to the fact that U.S. has highly valued healthcare spending for various disease including cancer, COPS/asthma, arthritis and allergic reactions. OECD data in 2016 suggests that U.S. has per capita healthcare expenditure of US$ 8,000. According to factsheet by Asthma and Allergy Foundation of America, there are more than 50 million U.S. citizens affected by the various types of allergies each year and it is 6th leading cause of chronic illness in the U.S. According to same source, in 2015, 8.2% of adults and 8.4% of children were diagnosed with hay fever. Asia Pacific region is expected to witness high growth over the forecast period. This is due to increasing number of deaths due to cancer in the region. According to data given by International Agency for Cancer Research in 2018, the proportions of cancer deaths in Asia and in Africa is 57.3% and 7.3%, respectively.
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