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Drug Price Trends for HYDROCORTISONE-ALOE
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Average Pharmacy Cost for HYDROCORTISONE-ALOE
Drug Name | NDC | Price/Unit ($) | Unit | Date |
---|---|---|---|---|
HYDROCORTISONE-ALOE 1% CREAM | 51672-2013-02 | 0.07893 | GM | 2025-03-19 |
HYDROCORTISONE-ALOE 1% CREAM | 00536-1277-80 | 0.05187 | GM | 2025-03-19 |
HYDROCORTISONE-ALOE 1% CREAM | 70000-0543-01 | 0.05187 | GM | 2025-03-19 |
HYDROCORTISONE-ALOE 1% CREAM | 00536-1407-95 | 0.05187 | GM | 2025-03-19 |
HYDROCORTISONE-ALOE 1% CREAM | 51672-2013-01 | 0.16116 | GM | 2025-03-19 |
HYDROCORTISONE-ALOE 1% CREAM | 51672-2013-02 | 0.07760 | GM | 2025-02-19 |
HYDROCORTISONE-ALOE 1% CREAM | 00536-1277-80 | 0.05250 | GM | 2025-02-19 |
>Drug Name | >NDC | >Price/Unit ($) | >Unit | >Date |
Market Analysis and Price Projections for Hydrocortisone-Aloe
Global Market Size and Growth
The global hydrocortisone market, including hydrocortisone-aloe products, is poised for significant growth in the coming years. As of 2024, the global hydrocortisone cream market size is estimated to be USD 1352.2 million, with a projected compound annual growth rate (CAGR) of 6.50% from 2024 to 2031, reaching USD 2101.3 million by 2031[1].
On a broader scale, the global hydrocortisone market, including all forms such as creams, injections, and tablets, is expected to grow to $1.96 billion by 2028 at a CAGR of 6.6%[3].
Regional Market Breakdown
The market is segmented across several regions, each with its own growth trajectory:
- North America: Currently dominates the hydrocortisone cream market with a market size of USD 540.88 million in 2024. It is expected to grow at a CAGR of 4.7% from 2024 to 2031. The United States and Canada are key contributors, with the U.S. market size estimated at USD 426.75 million in 2024 and a CAGR of 4.5%, while Canada's market size is USD 64.91 million with a CAGR of 5.5%[1].
- Europe: Holds around 30% of the global revenue with a market size of USD 405.66 million in 2024, growing at a CAGR of 5.0% from 2024 to 2031[1].
- Asia-Pacific: Expected to experience the highest growth rate, with a market size of USD 311.01 million in 2024 and a CAGR of 8.5% from 2024 to 2031. Countries like China and India are driving this growth due to increasing healthcare expenditure and consumer awareness of skin health[1].
- Latin America and Middle East & Africa: These regions hold smaller market shares but are still expected to grow, with Latin America at a CAGR of 5.9% and the Middle East & Africa at a CAGR of 6.2% from 2024 to 2031[1].
Market Drivers
Several factors are driving the growth of the hydrocortisone-aloe market:
- Increasing Incidence of Cutaneous Conditions: The rising prevalence of skin conditions such as atopic dermatitis, eczema, and psoriasis is a significant driver[1].
- Technological Advancements: Improvements in formulation and delivery systems are enhancing the efficacy and user experience of hydrocortisone products[3].
- OTC Demand Surge: The availability of hydrocortisone products over-the-counter (OTC) has increased consumer access and demand[3].
- Growing Disposable Income: Increased disposable income in emerging economies is leading to higher spending on healthcare and personal care products[3].
Market Trends
Key trends shaping the hydrocortisone market include:
- Natural Ingredient Focus: There is a growing preference for products that include natural ingredients like aloe vera, which is known for its soothing and moisturizing properties[3][4][5].
- Combination Therapies: Products that combine hydrocortisone with other ingredients, such as aloe vera, are gaining popularity for their enhanced benefits[4][5].
- Personalized Treatments: The trend towards personalized healthcare is influencing the development of tailored skin care products[3].
- Sustainability Emphasis: Consumers are increasingly looking for products with sustainable packaging and production processes[3].
Price Projections and Affordability
The prices of hydrocortisone-aloe products are generally affordable and vary based on the brand and quantity:
- Cost: A typical 28-gram supply of 1% hydrocortisone with aloe topical cream can cost between $10 to $12, depending on the brand and pharmacy[2].
- Discounts and Coupons: Various discount cards, coupons, and copay programs are available to reduce the cost for consumers, especially those who are uninsured or under-insured[2].
Product Examples and Features
Several products exemplify the market trends and consumer preferences:
- Cortizone-10® Maximum Strength 1% Hydrocortisone Itch Relief Soothing Aloe Cream: This product offers fast and long-lasting itch relief, combining maximum-strength hydrocortisone with soothing aloe vera. It is the #1 doctor-recommended OTC topical anti-itch brand[4].
- Proscriptix FX® Aloe Cort (1% Hydrocortisone): This product features a cosmetically elegant formula with food-grade aloe vera gel, squalane, and glycerin to provide superior hydration benefits[5].
Consumer Benefits
Hydrocortisone-aloe products offer several benefits to consumers:
- Fast Itch Relief: These products provide quick relief from itch associated with various skin irritations, often within minutes[4].
- Long-Lasting Relief: The relief from itching can last for hours, making these products highly effective for managing chronic skin conditions[4].
- Soothing and Moisturizing: The inclusion of aloe vera helps to soothe and moisturize the skin, reducing inflammation and promoting healthier skin[4][5].
Key Takeaways
- The global hydrocortisone cream market is expected to grow significantly, driven by increasing skin conditions and technological advancements.
- North America currently dominates the market, but Asia-Pacific is expected to show the highest growth rate.
- Natural ingredients, combination therapies, and personalized treatments are key trends.
- Prices are generally affordable, with various discounts and coupons available.
- Products combining hydrocortisone with aloe vera are popular for their dual benefits of itch relief and skin soothing.
Frequently Asked Questions (FAQs)
1. What is the projected growth rate of the global hydrocortisone cream market? The global hydrocortisone cream market is expected to grow at a compound annual growth rate (CAGR) of 6.50% from 2024 to 2031[1].
2. Which region is expected to show the highest growth rate in the hydrocortisone cream market? The Asia-Pacific region is expected to show the highest growth rate, with a CAGR of 8.5% from 2024 to 2031[1].
3. What are the key drivers of the hydrocortisone market? Key drivers include the increasing incidence of cutaneous conditions, technological advancements, OTC demand surge, and growing disposable income[1][3].
4. How much does a typical hydrocortisone-aloe cream cost? A typical 28-gram supply of 1% hydrocortisone with aloe topical cream can cost between $10 to $12, depending on the brand and pharmacy[2].
5. What are the benefits of using hydrocortisone-aloe products? These products offer fast and long-lasting itch relief, soothe and moisturize the skin, and are effective for managing various skin irritations[4][5].
Cited Sources:
- Cognitive Market Research: Hydrocortisone Cream Market Report 2024.
- Drugs.com: Hydrocortisone with Aloe Prices, Coupons, Copay Cards & Patient Assistance.
- The Business Research Company: Global Hydrocortisone Market Report 2024.
- Cortizone-10: Maximum Strength 1% Hydrocortisone Soothing Aloe Cream.
- Advanced Derm: Proscriptix FX® Aloe Cort (1% Hydrocortisone).
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