Increase in number of allergies is expected to drive the growth of India prednisolone market during the forecast period.
According to TechSci Research report, “India Prednisolone Market By Form (Capsule, Tablet, Injection, Syrup, Eye Drops), By Route of Administration (Oral, Ophthalmic, Intravenous), By Distribution Channel (Online v/s Offline), By Source (In-house v/s Contract Manufacturing Organizations), By Application (Inflammation, Rheumatoid Arthritis, Acute Lymphoblastic Leukaemia, Autoimmune Hepatitis and Others), By End User (Adult v/s Pediatric), By Company, By Region, Forecast & Opportunities, FY2026”, the India prednisolone market is expected to grow at a steady rate during the forecast period. Prednisolone is a steroid medication which is utilized to treat certain types of allergies, inflammatory conditions, autoimmune disorders, and cancers. This drug at times is also used in combination with antibiotics to treat a certain type of pneumonia in patients with acquired immunodeficiency syndrome. This in turn is expected to fuel the market growth through FY2026. In addition to this, multiple sclerosis disease is treated effectively with the use of this drug API, thereby bolstering the market growth through 2025. However, side-effects associated with drug consumption such as nausea, feeling tired, bone loss, weakness, yeast infections, and easy bruising might restrict the market growth over the next few years.
Figure 1: New Cancer Cases in India, (%), 2019
Source: TechSci Research
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The India prednisolone market is segmented based on form, route of administration, distribution channel, source, application, end user, company, and region. Based on application, the market can be fragmented into inflammation, rheumatoid arthritis, acute lymphoblastic leukemia, autoimmune hepatitis and others. The rheumatoid arthritis segment is expected to register significant growth in the market over the coming years on account of rising cases of autoimmune conditions in the country. In terms of distribution channel, the market is split into online and offline. The offline channel is expected to dominate the market during the forecasted years as it is more suitable for the consumers to buy medicines from a pharmacy in the vicinity. Based on source, the market can be categorized into in-house v/s contract manufacturing organizations. The in-house segment dominated the market until 2019 owing to the fact that keeping manufacturing in-house provides a lot of flexibility to change the product. Contract manufacturing organizations segment is expected to witness significant growth in the market on account of high scalability of products coupled with considerable growth in number of contract manufacturers in the country.
Cipla Ltd., Avik Pharmaceutical Limited, Anuh Pharma Ltd., Neon Laboratories Limited, Psychotropics India Limited, Nicholas Piramal India Ltd., Mankind Pharma Pvt. Ltd., Macleods Pharmaceuticals Ltd., Allergan India Pvt. Ltd., Sanofi Aventis Pharma India Ltd., and others are some of the leading players operating in India prednisolone market. Companies operating in the market are using Go-to-Market strategies such as product launches, mergers and acquisitions and research collaborations to boost their share and increase their geographic reach.
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“India prednisolone market is expected to witness growth during the forecast period as it is used to treat tuberculous meningitis. Also, prednisolone acetate ophthalmic suspension (eye drops) is used to lessen swelling, itching, redness, and allergic reactions affecting the eye, therefore it is further expected to create lucrative opportunities for the market growth of India Prednisolone market over the next five years. This drug API is sometimes used to treat the symptoms of certain types of cancer, which is estimated to increase the demand of the drug in near future.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based India management consulting firm.
“India Prednisolone Market By Form (Capsule, Tablet, Injection, Syrup, Eye Drops), By Route of Administration (Oral, Ophthalmic, Intravenous), By Distribution Channel (Online v/s Offline), By Source (In-house v/s Contract Manufacturing Organizations), By Application (Inflammation, Rheumatoid Arthritis, Acute Lymphoblastic Leukaemia, Autoimmune Hepatitis and Others), By End User (Adult v/s Pediatric), By Company, By Region, Forecast & Opportunities, FY2026”, has evaluated the future growth potential of India prednisolone market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities in India prednisolone market.