Prednisone Market Size

Prednisone Market size is estimated to cross USD 9 billion by the end of 2036, expanding around 5% CAGR during the forecast period, i.e., 2024-2036. In the year 2023, the industry size of prednisone was over USD 6 billion.  The major element to influence the market expansion is the surge in the prevalence of skin disease. According to the World Health Organization, it has been estimated that 1.8 billion people worldwide suffer from skin disorders at any given moment. Skin infections, which may be caused by bacteria, viruses, fungi, or parasites, are the most common cause of illness in tropical and low-resource environments.

As a result, there have been growing initiatives such as the launch of new prednisone medication and spreading awareness among people for the same by the government in such an environment to tackle the issue of skin disease. This is since it is estimated that skin disease might also further increase the prevalence of death. Therefore, the market demand for prednisone is set to grow over the coming years.