Betamethasone Ointment Market - Forecast(2022 - 2027)

Report Code: HCR 59102 Report Format: PDF + Excel

Betamethasone Ointment Market Overview

Betamethasone Ointment Market size is estimated to reach $1.6 billion by 2027, growing at a CAGR of 4.5% during the forecast period 2022-2027. Betamethasone is a member of the group of medications termed steroids. It is utilized in the treatment of inflammation, serious allergies, outbreaks of continuing sicknesses. It is also utilized to treat multiple additional medical issues that need either minimization of inflammation or override of the immune system. Betamethasone has an extensive assortment of medical indications: from the typical inflammation of the skin to the treatment of severe autoimmune ailments like systemic lupus erythematosus. The dose, route of administration, and period of treatment will rely on every case in specific. Betamethasone is a steroid medicine. It is utilized for a number of ailments inclusive of rheumatic disorders like rheumatic arthritis and systemic lupus erythematosus and skin ailments like dermatitis and psoriasis among others. It may be consumed by mouth, injected into a muscle, or used on the skin topically in cream, lotion, or liquid forms. Betamethasone dipropionate ointment includes betamethasone dipropionate USP, a synthetic adrenocorticosteroid, for dermatologic application.

The soaring occurrences of skin conditions like psoriasis or eczema and plaque psoriasis requiring betamethasone dipropionate is set to drive the Betamethasone Ointment Market. The surging application of betamethasone to treat internal and external inflammation related to ailments like asthma, colitis, arthritis, serious skin allergies is set to propel the growth of the Betamethasone Ointment Market during the forecast period 2022-2027. This represents the Betamethasone Ointment Industry Outlook.

Report Coverage

The report: Betamethasone Ointment Market Forecast (2022-2027)”, by Industry ARC, covers an in-depth analysis of the following segments of the Betamethasone Ointment Market.

By Type: Betamethasone Dipropionate, Betamethasone Sodium Phosphate, Betamethasone Valerate.

By Product: Topical, Injectable.

By Application: Hospitals, Clinics, Home.

By Geography: North America (the U.S, Canada, and Mexico), South America (Brazil, Argentina, Chile, Colombia, Rest of South America), Europe (Germany, France, UK, Italy, Spain, Russia, and Rest of Europe), Asia-Pacific (China, Japan, South Korea, India, Australia & New Zealand, and Rest of Asia-Pacific), and Rest Of The World (Middle East, Africa).

Key Takeaways

  • Geographically, the North American Betamethasone Ointment Market accounted for the highest revenue share in 2021 and it is poised to dominate the market over the period 2022-2027 owing to the increasing predominance of skin ailments and rheumatic disorders in the North American region.
  • Betamethasone Ointment Market growth is being driven by the surging application of betamethasone in ointments, tablet drops, or injectables solely utilized for medical reasons alleviating symptoms like itching and redness, dermatological conditions, or treatment of rheumatic disorders and cancer. However, certain side effects of betamethasone are soaring blood pressure, itching, muscle weakness and pain, loss of muscle mass, and osteoporosis, and these side effects constitute one of the major factors hampering the growth of the Betamethasone Ointment Market. 
  • Betamethasone Ointment Market Detailed Analysis on the Strength, Weakness, and Opportunities of the prominent players operating in the market will be provided in the Betamethasone Ointment Market report

    Betamethasone Ointment Market Share, By Geography, 2021(%)


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Betamethasone Ointment Market Segment Analysis – By Type:

The Betamethasone Ointment Market based on type can be further segmented into Betamethasone Dipropionate, Betamethasone Sodium Phosphate, and Betamethasone Valerate. The Betamethasone Dipropionate Segment held the largest market share in 2021. This growth is owing to the surging application of Betamethasone Dipropionate ointment which is a highly effective corticosteroid designated for alleviation of the inflammatory and pruritic demonstrations of corticosteroid-responsive dermatoses in patients aged 13 years and more. The availability of Betamethasone Dipropionate as a treatment option for Leukemia, Lymphoma, and more ailments is further propelling the growth of the Betamethasone Dipropionate segment.

Furthermore, the Betamethasone Valerate segment is estimated to grow with the fastest CAGR of 5.3% during the forecast period 2022-2027 owing to the heightening application of Betamethasone Valerate in Atopic dermatitis (including infantile atopic dermatitis), Nummular dermatitis (discoid eczema), Psoriasis (excluding widespread plaque psoriasis), and more ailments apart from Betamethasone Dipropionate discussed above.

Betamethasone Ointment Market Segment Analysis – By Product:

The Betamethasone Ointment Market based on the product can be further segmented into Topical and Injectable. The Injectable Segment held the largest market share in 2021. This growth is owing to the surging application of betamethasone injection to curb serious allergic reactions, abrupt episodes of serious arthritis, and unexpected outbreaks of multiple sclerosis. Betamethasone Dipropionate is available as injectable. The proliferating application of betamethasone injection for adrenal gland issues, blood issues, skin rashes, or swelling issues is further propelling the growth of this segment.

Furthermore, the Topical segment is estimated to grow with the fastest CAGR of 5.1% during the forecast period 2022-2027 owing to the soaring application of Betamethasone topical in the form of cream, ointment, lotion, gel, spray, or foam for the skin utilized to treat the inflammation and itching brought about by ailments like eczema or psoriasis including the heightening utilization of Betamethasone Dipropionate ointment.

Betamethasone Ointment Market Segment Analysis – By Geography:

The Betamethasone Ointment Market based on geography can be further segmented into North America, Europe, Asia-Pacific, South America, and the Rest of the World. North America (Betamethasone Ointment Market) held the largest share with 36% of the overall market in 2021. The growth of this region is owing to the surging predominance of skin ailments like psoriasis in the region. The soaring count of cases with rheumatic disorders like rheumatic arthritis and systemic lupus erythematosus is further propelling the growth of the Betamethasone Ointment Market in the North American region.

Furthermore, the Asia-Pacific region is estimated to be the region with the fastest CAGR rate over the forecast period 2022-2027. This growth is owing to factors like a boost in the count of cases with asthma resulting in the extensive application of Betamethasone Dipropionate. The increasing predominance of incessant ailments like cancer is further fuelling the progress of the Betamethasone Ointment Market in the Asia-Pacific region.

Betamethasone Ointment Market Drivers

Increasing Application Of Betamethasone For Different Ailments Like Rheumatic Disorders Is Projected To Drive The Growth Of Betamethasone Ointment Market:

Betamethasone is a steroid medicine. It is utilized for a count of different ailments inclusive of rheumatic disorders like rheumatic arthritis and systemic lupus erythematosus.  Betamethasone minimizes swelling and reduces the immune response of the body. This medication is utilized to treat numerous distinct conditions. Principally, it is utilized to treat endocrine (hormonal) ailments when the body does not generate sufficiently its own steroids. Betamethasone is also utilized to treat numerous immune and allergic ailments like arthritis, lupus, psoriasis, asthma, ulcerative colitis, and Chron’s disease. The surging application of Betamethasone for the treatment of different ailments like rheumatic disorders is fuelling the growth of the Betamethasone Ointment Market during the forecast period 2022-2027.

Novel Product Launches Are Expected To Boost The Demand Of Betamethasone Ointment:

In March 2020, Lupin Limited (Lupin) declared the introduction of Betamethasone Dipropionate Ointment USP (Augmented), 0.05%, having acquired an endorsement from the U.S. Food and Drug Administration (U.S. FDA) previously. The product would be produced at Lupin’s Pithampur (Unit III) facility, India. Betamethasone Dipropionate Ointment USP (Augmented), 0.05%, is the generic counterpart of Diprolene® Ointment, 0.05%, of Merck Sharp and Dohme Corp. It is a corticosteroid designated for the alleviation of the inflammatory and pruritic demonstrations of corticosteroid-responsive dermatoses in patients aged 13 years and more. These kinds of novel product launches are driving the growth of the Betamethasone Ointment Market during the forecast period 2022-2027.

Betamethasone Ointment Market Challenges

Side Effects And Contraindications Of Betamethasone Present Challenges To The Growth Of The Betamethasone Ointment Market:

Certain side effects of Betamethasone are high blood pressure, itching, muscle weakness, and pain, loss of muscle mass, osteoporosis, vertebral fractures, inflammation of the pancreas, abdominal distension, ulcerative esophagitis; impairment of tissue healing, ecchymosis, facial erythema, increased sweating, vertigo, headache, menstrual irregularities, the establishment of Cushing’s Syndrome, reduced carbohydrate tolerance, clinical demonstrations of diabetes with raised everyday insulin needs or hypoglycemic agents oral; cataracts, glaucoma, and insomnia. The application of betamethasone is contraindicated in pregnancy with risk C, at the time of breastfeeding, in children under 12 years, and when there are systemic fungal infections or hypersensitivity to constituents of the formula or other corticosteroids. Additionally, the application of betamethasone should not be executed in the muscle to patients with idiopathic thrombocytopenic purpura and should not be applied to the vein or skin in patients with non-specific ulcerative colitis if there is a potential of impending perforation, abscess, or other infection diverticula, recent intestinal anastomosis, active or latent peptic ulcer, renal failure or hypertension, osteoporosis, and myasthenia. These issues are hampering the growth of the Betamethasone Ointment Market.

Betamethasone Ointment Industry Outlook

Product launches, mergers and acquisitions, joint ventures, and R&D activities are key strategies adopted by players in this market. Betamethasone Ointment top 10 companies include:

  1. GlaxoSmithKline plc.
  2. Cipla Inc
  3. East West Pharma
  4. Micro Labs Ltd
  5. Psyco Remedies
  6. Omega Remedies Pvt Ltd
  7. Moraceae Pharmaceutical Pvt Ltd
  8. Emon Medichem Pvt Ltd
  9. Dermocare Laboratories (Guj.) Pvt Ltd
  10. Pharmtak Ophtalmics Pvt. Ltd.

Acquisitions/Product Launches:

  • In October 2021, Cipla Healthcare introduced Naselin antiviral nasal spray with Povidone-Iodine that may offer the earliest line of protection against the COVID-causing SARS-CoV-2 virus. Cipla’s health segment communicated that the spray has been established consequent to research on Povidone-Iodine demonstrating that it provides defense against Coronavirus and respiratory tract sicknesses. It may be efficiently applied to the treatment and safeguard of essential service workers with its antiviral characteristics.
  • In December 2020, Cipla Limited declared its partnership with the Premier Medical Corporation Private Limited for the commercialization of the rapid antigen test kits for COVID-19 in India. The firm will begin supply this week. This is Cipla’s second kick-off in the diagnostics space after Elifast: SARS CoV-2 IgG ELISA Test Kit.
  • In June 2020, Homegrown pharma major Cipla Ltd declared the introduction of its generic version of remdesivir, which has been licensed for emergency application in the treatment of Covid-19 patients by the USFDA, under its brand name Cipremi. The USFDA had circulated an Emergency Use Authorization (EUA) to Gilead Sciences Inc for emergency application of remdesivir for the treatment of Covid-19 patients. Remdesivir is the only USFDA approved Emergency Use Authorization (EUA) treatment for mature grownups and pediatric patients hospitalized with assumed or laboratory-confirmed Covid-19 infection.

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1. Betamethasone Ointment Market - Overview
    1.1 Definitions and Scope
2. Betamethasone Ointment Market - Executive Summary
3. Betamethasone Ointment Market - Comparative Analysis
    3.1 Company Benchmarking – Key Companies
    3.2 Financial Analysis– Key Companies
    3.3 Market Share Analysis– Key Companies
    3.4 Patent Analysis
    3.5 Pricing Analysis- Average Selling Price
4. Betamethasone Ointment Market - Startup Companies Scenario Premium
    4.1 Key Startup Company Analysis by
        4.1.1 Investment
        4.1.2 Revenue
        4.1.3 Venture Capital and Funding Scenario
5. Betamethasone Ointment Market – Industry Market Entry Scenario Premium Premium
    5.1 Regulatory Framework Overview
    5.2 New Business and Ease of Doing Business Index
    5.3 Case Studies of Successful Ventures
6. Betamethasone Ointment Market - Forces
    6.1 Market Drivers
    6.2 Market Constraints/Challenges
    6.3 Porters Five Force Model
        6.3.1 Bargaining power of suppliers
        6.3.2 Bargaining powers of customers
        6.3.3 Threat of new entrants
        6.3.4 Rivalry among existing players
        6.3.5 Threat of substitutes
7. Betamethasone Ointment Market – Strategic Analysis
    7.1 Value Chain Analysis
    7.2 Opportunities Analysis
    7.3 Market Life Cycle
8. Betamethasone Ointment Market – By Type (Market Size –$Million/$Billion)
    8.1 Betamethasone Dipropionate
    8.2 Betamethasone Sodium Phosphate
    8.3 Betamethasone Valerate
9. Betamethasone Ointment Market – By Product (Market Size –$Million/$Billion)
    9.1 Topical
    9.2 Injectable
10. Betamethasone Ointment Market – By Application (Market Size –$Million/$Billion)
    10.1 Hospitals
    10.2 Clinics
    10.3 Home
11. Betamethasone Ointment Market - By Geography (Market Size –$Million/$Billion)
    11.1 North America
        11.1.1 U.S.
        11.1.2 Canada
        11.1.3 Mexico
    11.2 Europe
        11.2.1 U.K.
        11.2.2 Germany
        11.2.3 France
        11.2.4 Italy
        11.2.5 Spain
        11.2.6 Russia
        11.2.7 Rest of Europe
    11.3 Asia-Pacific
        11.3.1 China
        11.3.2 India
        11.3.3 Japan
        11.3.4 South Korea
        11.3.5 Australia & New Zealand
        11.3.6 Rest of Asia-Pacific
    11.4 South America
        11.4.1 Brazil
        11.4.2 Argentina
        11.4.3 Rest of South America
    11.5 Rest of the World
        11.5.1 Middle East
        11.5.2 Africa
12. Betamethasone Ointment Market - Entropy
13. Betamethasone Ointment Market – Industry/Segment Competition Landscape Premium 
    13.1 Market Share Analysis
        13.1.1 Global Market Share – Key Companies
        13.1.2 Market Share by Region – Key companies
        13.1.3 Market Share by Countries – Key Companies
    13.2 Competition Matrix
    13.3 Best Practices for Companies
14. Betamethasone Ointment Market – Key Company List by Country Premium Premium
15. Betamethasone Ointment Market Company Analysis
    15.1 Company 1
    15.2 Company 2
    15.3 Company 3
    15.4 Company 4
    15.5 Company 5
    15.6 Company 6
    15.7 Company 7
    15.8 Company 8
    15.9 Company 9
    15.10 Company 10
"*Financials for private companies would be provided on a best efforts basis”.

LIST OF TABLES

1.Global Global Betamethasone Ointment Market, By Type Market 2019-2024 ($M)
1.1 Betamethasone Dipropionate Market 2019-2024 ($M) - Global Industry Research
1.2 Betamethasone Sodium Phosphate Market 2019-2024 ($M) - Global Industry Research
1.3 Betamethasone Valerate Market 2019-2024 ($M) - Global Industry Research
2.Global Global Betamethasone Ointment Market, By Type Market 2019-2024 (Volume/Units)
2.1 Betamethasone Dipropionate Market 2019-2024 (Volume/Units) - Global Industry Research
2.2 Betamethasone Sodium Phosphate Market 2019-2024 (Volume/Units) - Global Industry Research
2.3 Betamethasone Valerate Market 2019-2024 (Volume/Units) - Global Industry Research
3.North America Global Betamethasone Ointment Market, By Type Market 2019-2024 ($M)
3.1 Betamethasone Dipropionate Market 2019-2024 ($M) - Regional Industry Research
3.2 Betamethasone Sodium Phosphate Market 2019-2024 ($M) - Regional Industry Research
3.3 Betamethasone Valerate Market 2019-2024 ($M) - Regional Industry Research
4.South America Global Betamethasone Ointment Market, By Type Market 2019-2024 ($M)
4.1 Betamethasone Dipropionate Market 2019-2024 ($M) - Regional Industry Research
4.2 Betamethasone Sodium Phosphate Market 2019-2024 ($M) - Regional Industry Research
4.3 Betamethasone Valerate Market 2019-2024 ($M) - Regional Industry Research
5.Europe Global Betamethasone Ointment Market, By Type Market 2019-2024 ($M)
5.1 Betamethasone Dipropionate Market 2019-2024 ($M) - Regional Industry Research
5.2 Betamethasone Sodium Phosphate Market 2019-2024 ($M) - Regional Industry Research
5.3 Betamethasone Valerate Market 2019-2024 ($M) - Regional Industry Research
6.APAC Global Betamethasone Ointment Market, By Type Market 2019-2024 ($M)
6.1 Betamethasone Dipropionate Market 2019-2024 ($M) - Regional Industry Research
6.2 Betamethasone Sodium Phosphate Market 2019-2024 ($M) - Regional Industry Research
6.3 Betamethasone Valerate Market 2019-2024 ($M) - Regional Industry Research
7.MENA Global Betamethasone Ointment Market, By Type Market 2019-2024 ($M)
7.1 Betamethasone Dipropionate Market 2019-2024 ($M) - Regional Industry Research
7.2 Betamethasone Sodium Phosphate Market 2019-2024 ($M) - Regional Industry Research
7.3 Betamethasone Valerate Market 2019-2024 ($M) - Regional Industry Research

LIST OF FIGURES

1.US Betamethasone Ointment Market Revenue, 2019-2024 ($M)
2.Canada Betamethasone Ointment Market Revenue, 2019-2024 ($M)
3.Mexico Betamethasone Ointment Market Revenue, 2019-2024 ($M)
4.Brazil Betamethasone Ointment Market Revenue, 2019-2024 ($M)
5.Argentina Betamethasone Ointment Market Revenue, 2019-2024 ($M)
6.Peru Betamethasone Ointment Market Revenue, 2019-2024 ($M)
7.Colombia Betamethasone Ointment Market Revenue, 2019-2024 ($M)
8.Chile Betamethasone Ointment Market Revenue, 2019-2024 ($M)
9.Rest of South America Betamethasone Ointment Market Revenue, 2019-2024 ($M)
10.UK Betamethasone Ointment Market Revenue, 2019-2024 ($M)
11.Germany Betamethasone Ointment Market Revenue, 2019-2024 ($M)
12.France Betamethasone Ointment Market Revenue, 2019-2024 ($M)
13.Italy Betamethasone Ointment Market Revenue, 2019-2024 ($M)
14.Spain Betamethasone Ointment Market Revenue, 2019-2024 ($M)
15.Rest of Europe Betamethasone Ointment Market Revenue, 2019-2024 ($M)
16.China Betamethasone Ointment Market Revenue, 2019-2024 ($M)
17.India Betamethasone Ointment Market Revenue, 2019-2024 ($M)
18.Japan Betamethasone Ointment Market Revenue, 2019-2024 ($M)
19.South Korea Betamethasone Ointment Market Revenue, 2019-2024 ($M)
20.South Africa Betamethasone Ointment Market Revenue, 2019-2024 ($M)
21.North America Betamethasone Ointment By Application
22.South America Betamethasone Ointment By Application
23.Europe Betamethasone Ointment By Application
24.APAC Betamethasone Ointment By Application
25.MENA Betamethasone Ointment By Application
26.Glaxosmithkline Plc, Sales /Revenue, 2015-2018 ($Mn/$Bn)
27.East West Pharma, Sales /Revenue, 2015-2018 ($Mn/$Bn)
28.Omega Remedy Pvt Ltd, Sales /Revenue, 2015-2018 ($Mn/$Bn)
29.Moraceae Pharmaceutical Pvt Ltd, Sales /Revenue, 2015-2018 ($Mn/$Bn)
30.Emson Medichem Pvt. Ltd, Sales /Revenue, 2015-2018 ($Mn/$Bn)
31.Dermocare Laboratory Pvt Ltd, Sales /Revenue, 2015-2018 ($Mn/$Bn)
32.Cipla, Inc, Sales /Revenue, 2015-2018 ($Mn/$Bn)
33.Micro Lab Ltd, Sales /Revenue, 2015-2018 ($Mn/$Bn)
34.Pharmtak Ophtalmics Pvt Ltd, Sales /Revenue, 2015-2018 ($Mn/$Bn)
35.Psyco Remedy, Sales /Revenue, 2015-2018 ($Mn/$Bn)