In 2023, India's import of cortisone, hydrocortisone, prednisone, and prednisolone stood at approximately USD 45.7 million. Forecasted data from 2024 to 2028 indicates a steady growth with year-on-year increments averaging around 2%. Over the five-year forecast period, the compound annual growth rate (CAGR) is anticipated to be roughly 2.04%. This suggests a consistent rise in demand for these pharmaceutical products in India.
Future trends to watch for include:
- Potential shifts in global pharmaceutical supply chains that could impact import patterns.
- Regulatory changes in India that might affect the demand for imported corticosteroids.
- Developments in local production capacities that could influence import volumes.