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The market for cortisone shots is significantly influenced by medical conditions that necessitate such injections. Conditions like arthritis, tendonitis, and bursitis contribute to the demand for cortisone shots as a popular treatment option for reducing inflammation and pain.
As the global population grow older, pain related to musculoskeletal disorders and joint health, is more common. Due to the application of cortisone injections for pain and inflammation control in these conditions, the population growth of the elderly increases the amount of cortisone injections in the market.
The market is too defined by sports related injuries and orthopedic applications. Cortisone shots are popular among athletes and the people who have joint injuries to hasten the recovery and reduce the pain. The demand for such injections is closely associated with the incidence of such injuries.
Pain relief as it is perceived, which is a crucial determinant. Positive patient outcomes and fast relief drive the market growth as people want to use treatments that offer quick and long-term pain relief.
Cortisone shots market is affected by continuous improvements in injection techniques and technology. Improvements in needle design, image guidance and injection protocols can improve the accuracy and the efficacy of cortisone injections, attracting both patients and healthcare providers.
The market is influenced by the competitive scenario among cortisone formulations manufacturers. The companies that bring in better formulations or unique delivery systems, may also get a competitive advantage, gain market share and set the market trend.
Cortisone shots provide non-surgical treatment option for some musculoskeletal conditions. Desire of patients for minimally invasive treatment and avoidance of surgery increases demand for cortisone injection, in particular, in situations where surgery is another, a more invasive option.
The dick of therapeutic effect of cortisone shots determines market dynamics. Patients and healthcare providers may prefer formulations that offer longer relief which will affect the choice cortisone products available in the market.
The regulatory approvals and guideline adherence are very critical in determining the cortisone shots market. Safety and efficacy of these injections are ensured by a strict regulatory process, influencing market entry and competitive landscape.
Healthcare services accessibility and cortisone shots affordability influence the market growth. The fact that these injections are available in a variety of healthcare settings and that they are cost-effective makes these injections to be used widely and that markets expand.
Continuous research and development activities in the area of pain management and musculoskeletal disorders, contribute to the development of cortisone injections. Research efforts lead to innovations in formulations or combination therapies that can affect market trends.
Public awareness and education campaigns regarding the benefits and potential side effects of cortisone shots impact market dynamics. Informed patients are more likely to consider cortisone injections as a viable treatment option, affecting the overall market demand.
Cortisone Shots Market Highlights:
Cortisone Shots Market Overview
The Cortisone Shots Market is expected to reach USD 6,328.3 Million by 2030 at 7.2% CAGR during the forecast period 2022-2030.
Research MethodologyÂ
Source: World Health Organization, Centers for Disease Control and Prevention, European Society of Clinical Microbiology and Infectious Diseases, U.S. National Library of Medicine, National Organization for Rare Disorders, The American Autoimmune Related Diseases Association, The International Society for Human and Animal Mycology, Expert Interview Market Research Future Analysis, Annual report, White paper, Company Presentation
Market Synopsis of the Global Cortisone Shots Market
Also known as cortisone injections, cortisone shots are used to relieve pain and inflammation in case of injury to the joints or other parts of the body. They are most commonly used to treat inflammation at the joints such as knee, spine, ankle, elbow, hip, shoulder and wrist, and are usually administered in a clinical setting with the doctor’s approval. Cortisone injections have a similar anti-inflammatory action to other corticosteroids. It is composed of corticosteroid medication and a local anesthetic. Due to the potential side effects of cortisone shots, the number of doses administered to a patient is limited. Major indications for the use of cortisone shots are arthritis, skin diseases, tendinitis, and other sport injuries.
Rising prevalence of chronic diseases such as rheumatoid arthritis, tendinitis, and bursitis, increasing number of injuries to the joints, muscles and tendon, and the presence of key players in the market are important driver that accelerate the growth of the market. Rising geriatric population is another key driver for the market growth due to increasing prevalence of arthritis among the elderly. However, cortisone shots exhibit a number of disadvantages such as damage to the tendons, ligaments, and articular cartilage, thus restricting the growth of the market.
FIGURE 1: Global Cortisone Shots Market by Region, 2016 (%) 
Source: World Health Organization, Centers for Disease Control and Prevention (CDC), European Society of Clinical Microbiology and Infectious Diseases, U.S. National Library of Medicine, National Organization for Rare Disorders, The International Society for Human and Animal Mycology, Expert Interview Market Research Future Analysis, Annual report, White paper, Company Presentation
Segments    Â
The global cortisone shots market is segmented on the basis of type, indication, and end user.
On the basis of type, market is segmented into articular or joint injections, epidural steroid injection, trigger point injection, and others.
On the basis of indication, the market is segmented into rheumatoid arthritis, psoriatic arthritis, bursitis, allergic reaction, skin conditions, and others.
On the basis of end user, the market is segmented into hospitals, clinics, sport medicine centers, pharmaceutical companies, and others.
Regional Analysis of the Global Cortisone Shots Market Â
America acquires the first position in the market for cortisone shots owing to the rising prevalence of various types of allergies, arthritis, tendinitis, and others, and rising demand for corticosteroid injection in the U.S. According to the Center for Disease Control and Prevention, an estimated 78 million i.e. 26% of the U.S. adults aged 18 years or older are projected to have doctor-diagnosed arthritis by 2040. Additionally, the prevalence of tendinitis among athletes is found to be increasing from last few years in the U.S.
Europe is the second largest market for cortisone shots owing to the rising prevalence of rheumatoid arthritis in European countries, and availability of funds for research and development activities. Also, rising prevalence of allergic conditions such as asthma, food allergy, and anaphylaxis, increasing demand for diagnostic services and rising awareness about the use of cortisone injections for the treatment of tendinitis fuels the market growth.
The market in Asia Pacific is expected to grow at the fastest pace and is driven by the rising prevalence of diabetes, obesity, which act as risk factors for rheumatoid and osteoarthritis which is further posed to propel the growth of the market. Furthermore, rising awareness about sport injuries and the use of cortisone shots for their treatment, influences the growth of the market positively.
The Middle East & Africa also show a steady rise in the market owing to high prevalence of chronic diseases such as obesity and diabetes, and improving healthcare infrastructure. Increasing demand for new treatment options for sport injuries also influences the market growth in the Middle East & African countries.
Key Players in the Global Cortisone Shots Market   Â
Some of the key players in this market are Merck & Co., Inc. (U.S.), Pfizer (U.S.), Bristol-Myers Squibb Company (U.S.), Novartis AG (Germany), GlaxoSmithKline (U.S.), Pharmascience Inc. (U.S.), Farmabios SPA (Italy), AdvaCare Pharma (U.S.), and others.
Intended Audience
- Cortisone Injection Manufacturers
- Cortisone Injection Suppliers
- Medical Research Laboratories
- Research and Development (R&D) Companies
- Market Research and Consulting Service Providers
- Potential Investors
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