Market Trends of Triamcinolone Ointment Chlorofluorocarbons Industry
This section covers the major market trends shaping the Triamcinolone Ointment Chlorofluorocarbons Market according to our research experts:
Allergies Segment is Expected to Show Better Growth in the Forecast Years
Based on application, the market studied is segmented into eczema, dermatitis, allergies, psoriasis, and other applications. Allergy tends to be more common in children as compared to adults. Triamcinolone works by controlling inflammation and calming overactive immune systems. It may be taken for a short-term or a long-term basis, depending on the severity of the condition, as it reduces the swelling, itching, and redness that occur due to allergy. According to the BSACI (British Society for Allergy and Clinical Immunology), in the United Kingdom, the prevalence of diseases, such as allergic rhinitis (one in five), asthma (one in three), and eczema (one in six), are quite high, which is expected to fuel the increasing demand for triamcinolone ointment over the forecast period.
North America holds the Largest Share in the Triamcinolone Ointment Chlorofluorocarbons Market
The triamcinolone ointment chlorofluorocarbons market holds the largest share in the North American region, due to the increasing healthcare expenditure, awareness about skin diseases, and the strong presence of major companies. An increasing number of skin cancer cases have been also found in the United States. According to the American Cancer Society, in 2020, around 6,850 people are expected to die of melanoma in the United States. Hence, with the increasing incidence of dermatological diseases and well-developed infrastructure, the market studied is expected to grow in the forecast period.
