Cortisone Shots Market Size and Share

Cortisone Shots Market Size
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Cortisone Shots Market Analysis by Mordor Intelligence

The cortisone shots market is projected to be USD 1.48 billion in 2025, USD 1.54 billion in 2026, and reach USD 1.99 billion by 2031, growing at a CAGR of 5.23% from 2026 to 2031. The cortisone shots market continues to benefit from the rising burden of osteoarthritis and rheumatoid arthritis, with 607 million people living with osteoarthritis globally in 2021 and rheumatoid arthritis affecting 17.9 million people in the same year, which keeps demand for injectable symptom control firm across rheumatology and orthopedic care pathways. The cortisone shots market is also supported by 2025 clinical guidance that continues to place intra articular corticosteroid injections within recommended first line care for several musculoskeletal indications, which helps preserve procedure volumes even as biologic therapies expand in inflammatory disease management. In 2025, North America led revenue generation while Asia-Pacific posted the fastest forecast growth, showing that the cortisone shots market is being shaped by both mature reimbursement systems and faster specialist care expansion in aging Asian populations. Product and care setting patterns remain concentrated around articular injections and hospitals, yet faster growth in epidural procedures and sport medicine centers shows that the cortisone shots market is widening beyond its traditional joint care base into spinal pain and outpatient image guided treatment settings. 

Key Report Takeaways

  • By product type, articular or joint injections held 46.44% share of the cortisone shots market in 2025, while epidural steroid injections are projected to expand at a 5.66% CAGR through 2031.
  • By indication, rheumatoid arthritis held 47.23% of the cortisone shots market share in 2025, while psoriatic arthritis is projected to grow at an 6.13% CAGR through 2031.
  • By end-user, hospitals held 46.13% revenue share in 2025, while sport medicine centers are projected to grow at a 6.44% CAGR through 2031.
  • By geography, North America held 47.15% revenue share in 2025, while Asia-Pacific is projected to grow at a 7.61% CAGR through 2031.

Note: Market size and forecast figures in this report are generated using Mordor Intelligence’s proprietary estimation framework, updated with the latest available data and insights as of January 2026.

Segment Analysis

By Product Type: Articular Injections Lead, Epidurals Build Momentum

Articular or joint injections held 46.44% of segment revenue in 2025, which made them the largest product type in the cortisone shots market and confirmed the central role of direct intra articular delivery across knee, shoulder, hip, and ankle care. Their lead reflects long standing physician comfort with peripheral joint injection protocols in rheumatology and orthopedics, where localized symptom relief remains an important part of treatment planning for degenerative and inflammatory conditions. Within the broader cortisone shots industry, this segment also benefits from the wide anatomical range of treatable joints and from the steady flow of patients who are not ready for surgery or need temporary relief while other therapies are being adjusted. 

Epidural steroid injections are projected to grow at a 5.66% CAGR through 2031, which makes them the fastest advancing product type in the cortisone shots market size by growth rate. Research published in the Journal of Controlled Release in 2026 described long acting triamcinolone acetonide prodrug microcrystals for sustained intra articular treatment, which signals broader formulation progress that may influence spinal delivery development as well. As more controlled release technologies move through validation, product differentiation in the cortisone shots market is likely to extend beyond simple molecule availability and toward duration, delivery profile, and billing support.

Cortisone Shots Market Share by Product Type, 2025
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Cortisone Shots Market Share by Product Type, 2025

By Indication: Rheumatoid Arthritis Anchors Share, Psoriatic Arthritis Expands Faster

Rheumatoid arthritis held 47.23% of indication based revenue in 2025, which made it the largest indication in the cortisone shots market and reflected the scale and clinical complexity of this patient group. In routine care, intra articular corticosteroid injections continue to serve both as short term flare control and as support while disease modifying therapies are being initiated or adjusted, which keeps the indication important even when systemic treatment options expand. Smoking remains the only modifiable risk factor directly attributed in the GBD analysis, with an odds ratio of 13 for disease development, yet that does little to change near term treatment need because the existing patient base is already large and persistent. 

Psoriatic arthritis is projected to grow at an 6.13% CAGR through 2031, which makes it the fastest growing indication in the cortisone shots market size by indication growth. Its expansion is tied to rising diagnosis, wider specialist recognition, and the practical role of corticosteroid injections in controlling localized joint flares during biologic initiation, treatment gaps, or changes in therapy, when symptom relief is needed faster than systemic effects can fully develop. Tendinitis and allergic reaction remain among the smaller indication groups, with demand more dispersed across primary care and general outpatient settings and with less predictable repeat use than the rheumatology centered indications. As a result, the cortisone shots market remains anchored by rheumatoid arthritis for scale, while psoriatic arthritis adds a faster growing, episodic, and clinically targeted source of demand.

By End-User: Hospitals Hold Volume Lead, Sport Medicine Centers Grow Fast

Hospitals held 46.13% of end-user revenue in 2025, which gave them the leading care setting in the cortisone shots market and reflected their role in managing complex, image guided, and specialist administered procedures. Hospitals also remain important because they treat patients with higher clinical complexity, including those who need coordinated rheumatology, orthopedic, pain, and imaging support in the same setting. Clinics formed the second largest channel by providing lower cost, high volume outpatient care for knee, shoulder, and similar musculoskeletal conditions, where procedure scheduling flexibility often improves throughput. 

Sport medicine centers are projected to grow at a 6.44% CAGR through 2031, which makes them the fastest expanding end-user segment in the cortisone shots market. Their growth is linked to higher participation in organized sport and fitness activity, broader patient awareness of injectable pain relief, and rising availability of physicians trained in musculoskeletal ultrasound and image guided delivery. Growth is not fully uniform across regions because scope of practice rules in parts of Asia-Pacific and Latin America can limit prescribing authority for corticosteroids outside narrower indications, which keeps uptake stronger in North America and Western Europe. Even with those limits, the cortisone shots market is moving steadily toward outpatient specialization, and sport medicine centers are becoming an important growth outlet rather than a peripheral channel.

Cortisone Shots Market Share by End-User, 2025
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Cortisone Shots Market Share by End-User, 2025

Geography Analysis

North America held 47.15% of global revenue in 2025, which made it the largest regional contributor in the cortisone shots market and kept it in the lead in 2026. The region benefits from high musculoskeletal disease prevalence, dense specialist networks, advanced imaging capacity, and reimbursement structures that support injectable procedures in both hospital and outpatient settings. The United States accounts for most regional revenue because orthopedic and rheumatology care density remains high, and because bundled coding frameworks support routine use of image guided injections in appropriate cases. Mexico is the fastest growing country within North America, supported by wider access to private urban clinics that serve a working age population with a high musculoskeletal injury burden.

Europe held the second largest regional position in the cortisone shots market, with Germany, the United Kingdom, France, Italy, and Spain forming the core revenue base. Germany supports uptake through strong specialist care access, while the United Kingdom applies tighter evidence-based controls that limit publicly funded repeat treatment and shape procedure frequency. Spain and Italy are seeing broader use in sport medicine and private clinic settings, while their aging populations and hospital centered specialist networks continue to support procedure demand. Eastern Europe also presents room for expansion as specialist access improves and healthcare spending rises across markets such as Poland and the Czech Republic.

Asia-Pacific is projected to grow at a 7.61% CAGR through 2031, which makes it the fastest growing regional part of the cortisone shots market size and reflects both aging and access expansion. Japan remains central because osteoarthritis prevalence is high and the national insurance system supports corticosteroid injections in rheumatology and orthopedic practice, which helps preserve steady treatment volume. China is also expanding quickly as private musculoskeletal clinics and sport medicine centers grow in major cities, and as injections remain a more accessible option than surgery for many working age patients with degenerative joint disease. India, Australia, and urban Southeast Asia add further growth through better specialist access and rising outpatient procedure adoption. South America, the Middle East, and Africa remain smaller in current value, yet Brazil and Gulf Cooperation Council countries offer stronger potential than peers because private orthopedic capacity and health system investment are rising, while South Africa and Argentina continue to face financing and economic constraints that slow near term uptake.

Cortisone Shots Market Growth Rate by Region
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Competitive Landscape

The cortisone shots market remains moderately fragmented in standard generic formulations, while concentration is higher in the specialty extended-release tier. Large pharmaceutical companies, including Pfizer Inc., Sanofi S.A., Novartis AG, Teva Pharmaceutical Industries, and Merck & Co., compete through established methylprednisolone acetate and triamcinolone acetonide lines, where pricing is shaped more by contracts and tenders than by strong brand separation. Generic and specialty generic suppliers such as Hikma Pharmaceuticals, Fresenius Kabi, Amneal Pharmaceuticals, Dr. Reddy’s Laboratories, and Sun Pharmaceutical Industries also compete on supply reliability and hospital channel execution, which keeps pricing pressure active across the commodity end of the market. This structure means that the cortisone shots market is broad at the base, because several companies can supply standard injectable formulations, but it is narrower where formulation technology and reimbursement support create barriers.

Strategic competition in the cortisone shots market is shifting toward proprietary delivery systems, better procedure fit in image guided practice, and product designs that can reduce repeat dosing concerns. Eupraxia Pharmaceuticals is one example, because its EP-104IAR program uses a local sustained release approach aimed at lowering systemic exposure and extending intra articular effect, which places it directly in the next generation formulation race. Another point of competition lies in hip joint care, where the lack of an approved extended release corticosteroid option and the added safety concern around repeated injections leave a clear product gap for companies that can validate more controlled delivery. 

Anika Therapeutics added another strategic move in July 2025 with its Hyalofast program update and U.S. pivotal FastTRACK Phase III topline results, which show how adjacent injectable and cartilage repair players are moving into treatment spaces close to corticosteroid based care. The cortisone shots market therefore shows a split competitive pattern, with broad supplier participation in standard injectables and a more selective field where controlled release technology, targeted anatomical use, and reimbursement backed differentiation matter most. That split is likely to remain a defining feature of competition through the forecast period.

Cortisone Shots Industry Leaders

  1. Pfizer Inc.

  2. Sanofi S.A.

  3. Novartis AG

  4. Bristol-Myers Squibb Company

  5. Teva Pharmaceutical Industries Ltd.

  6. *Disclaimer: Major Players sorted in no particular order
Cortisone Shots Market Concentration
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Recent Industry Developments

  • May 2026: The United States FDA updated the prescribing information for Aristospan (triamcinolone hexacetonide injectable suspension), reinforcing its use for short-term treatment of inflammatory musculoskeletal conditions such as acute bursitis, rheumatoid arthritis, synovitis of osteoarthritis, and tenosynovitis, while reiterating warnings against epidural administration due to serious neurological risks.
  • June 2025: Amneal Pharmaceuticals won FDA approval for prednisolone acetate ophthalmic suspension 1%, referencing Pred Forte, with launch slated for Q3 2025.
  • May 2025: Eton Pharmaceuticals secured FDA clearance for Khindivi (hydrocortisone) oral solution for pediatric adrenocortical insufficiency.

Table of Contents for Cortisone Shots Industry Report

1. Introduction

  • 1.1 Study Assumptions and Market Definition
  • 1.2 Scope of the Study

2. Research Methodology

3. Executive Summary

4. Market Landscape

  • 4.1 Market Overview
  • 4.2 Market Drivers
    • 4.2.1 Rising Arthritis and Joint Disorder Burden
    • 4.2.2 Aging Population and Degenerative Joint Disease Incidence
    • 4.2.3 Preference for Non-Surgical Pain Management
    • 4.2.4 Expansion of Sports Medicine and Outpatient Injection Pathways
    • 4.2.5 Ultrasound-Guided Injection Adoption and Procedure Precision
    • 4.2.6 Longer-Acting Corticosteroid Formulations and Better Compliance
  • 4.3 Market Restraints
    • 4.3.1 Injection Frequency Limits Due to Cartilage and Tendon Safety Concerns
    • 4.3.2 Reimbursement Scrutiny for Repeated Injections
    • 4.3.3 Competition From Hyaluronic Acid, PRP, and Physical Therapy Pathways
    • 4.3.4 Sterile Manufacturing and Regulatory Quality Burden for Injectable Products
  • 4.4 Supply/Value Chain Analysis
  • 4.5 Regulatory Landscape
  • 4.6 Technological Outlook
  • 4.7 Porter's Five Forces Analysis
    • 4.7.1 Threat of New Entrants
    • 4.7.2 Bargaining Power of Suppliers
    • 4.7.3 Bargaining Power of Buyers
    • 4.7.4 Threat of Substitutes
    • 4.7.5 Competitive Rivalry

5. Market Size & Growth Forecasts (Value, USD)

  • 5.1 By Product Type
    • 5.1.1 Articular or Joint Injections
    • 5.1.2 Epidural Steroid Injection
    • 5.1.3 Trigger Point Injection
  • 5.2 By Indication
    • 5.2.1 Rheumatoid Arthritis
    • 5.2.2 Psoriatic Arthritis
    • 5.2.3 Tendinitis
    • 5.2.4 Allergic Reaction
  • 5.3 By End-User
    • 5.3.1 Hospitals
    • 5.3.2 Clinics
    • 5.3.3 Sport Medicine Centers
    • 5.3.4 Other End-Users
  • 5.4 By Geography
    • 5.4.1 North America
    • 5.4.1.1 United States
    • 5.4.1.2 Canada
    • 5.4.1.3 Mexico
    • 5.4.2 Europe
    • 5.4.2.1 Germany
    • 5.4.2.2 United Kingdom
    • 5.4.2.3 France
    • 5.4.2.4 Italy
    • 5.4.2.5 Spain
    • 5.4.2.6 Rest of Europe
    • 5.4.3 Asia-Pacific
    • 5.4.3.1 China
    • 5.4.3.2 Japan
    • 5.4.3.3 India
    • 5.4.3.4 Australia
    • 5.4.3.5 South Korea
    • 5.4.3.6 Rest of Asia-Pacific
    • 5.4.4 Middle East and Africa
    • 5.4.4.1 GCC
    • 5.4.4.2 South Africa
    • 5.4.4.3 Rest of Middle East and Africa
    • 5.4.5 South America
    • 5.4.5.1 Brazil
    • 5.4.5.2 Argentina
    • 5.4.5.3 Rest of South America

6. Competitive Landscape

  • 6.1 Market Concentration
  • 6.2 Market Share Analysis
  • 6.3 Company Profiles (includes Global level Overview, Market level overview, Core Segments, Financials as available, Strategic Information, Market Rank/Share for key companies, Products & Services, Recent Developments)
    • 6.3.1 AbbVie Inc.
    • 6.3.2 Amneal Pharmaceuticals, Inc.
    • 6.3.3 Anika Therapeutics, Inc.
    • 6.3.4 Bayer AG
    • 6.3.5 Bioventus Inc.
    • 6.3.6 Bristol-Myers Squibb Company
    • 6.3.7 Dr. Reddy's Laboratories Ltd.
    • 6.3.8 Ferring B.V.
    • 6.3.9 Fresenius Kabi AG
    • 6.3.10 Hikma Pharmaceuticals PLC
    • 6.3.11 Johnson and Johnson
    • 6.3.12 Merck & Co., Inc.
    • 6.3.13 Novartis AG
    • 6.3.14 Pfizer Inc.
    • 6.3.15 Sandoz Group AG
    • 6.3.16 Sanofi S.A.
    • 6.3.17 SEIKAGAKU CORPORATION
    • 6.3.18 Smith and Nephew plc
    • 6.3.19 Sun Pharmaceutical Industries Ltd.
    • 6.3.20 Teva Pharmaceutical Industries Ltd.
    • 6.3.21 Viatris Inc.

7. Market Opportunities & Future Outlook

  • 7.1 White-space & Unmet-need Assessment

Global Cortisone Shots Market Report Scope

According to the report’s scope, the cortisone shots market refers to the global industry focused on the development, manufacturing, and commercialization of injectable corticosteroid therapies used to reduce inflammation and relieve pain associated with conditions such as arthritis, bursitis, tendinitis, and other musculoskeletal and inflammatory disorders.

The cortisone shots market is segmented into product type, indication, end-user, and geography. By product type, the market is segmented into articular or joint injections, epidural steroid injection, and trigger point injection. By indication, the market is segmented into rheumatoid arthritis, psoriatic arthritis, tendinitis, and allergic reaction. By end-user, the market is segmented into hospitals, clinics, sport medicine centers, and other end-users. By geography, the market is segmented into North America, Europe, Asia-Pacific, the Middle East and Africa, and South America. The report also covers the estimated market sizes and trends for 17 countries across major regions globally. The report offers values (USD) for all the above segments. 

By Product Type
Articular or Joint Injections
Epidural Steroid Injection
Trigger Point Injection
By Indication
Rheumatoid Arthritis
Psoriatic Arthritis
Tendinitis
Allergic Reaction
By End-User
Hospitals
Clinics
Sport Medicine Centers
Other End-Users
By Geography
North AmericaUnited States
Canada
Mexico
EuropeGermany
United Kingdom
France
Italy
Spain
Rest of Europe
Asia-PacificChina
Japan
India
Australia
South Korea
Rest of Asia-Pacific
Middle East and AfricaGCC
South Africa
Rest of Middle East and Africa
South AmericaBrazil
Argentina
Rest of South America
By Product TypeArticular or Joint Injections
Epidural Steroid Injection
Trigger Point Injection
By IndicationRheumatoid Arthritis
Psoriatic Arthritis
Tendinitis
Allergic Reaction
By End-UserHospitals
Clinics
Sport Medicine Centers
Other End-Users
By GeographyNorth AmericaUnited States
Canada
Mexico
EuropeGermany
United Kingdom
France
Italy
Spain
Rest of Europe
Asia-PacificChina
Japan
India
Australia
South Korea
Rest of Asia-Pacific
Middle East and AfricaGCC
South Africa
Rest of Middle East and Africa
South AmericaBrazil
Argentina
Rest of South America

Key Questions Answered in the Report

What is the 2031 outlook for cortisone shots market?

The cortisone shots market is projected to reach USD 1.99 billion by 2031 from USD 1.48 billion in 2025 to USD 1.54 billion in 2026, with a forecasted CAGR of 5.23% over 2026 to 2031.

Which region leads revenue generation for cortisone injections?

North America led with 47.15% of global revenue in 2025, supported by high disease prevalence, specialist density, and reimbursement support for injectable procedures.

Which region is growing the fastest through 2031?

Asia-Pacific is expected to post the fastest growth at a 7.61% CAGR through 2031, driven by aging populations and improving access to specialist outpatient care.

Which product category holds the largest share?

Articular or joint injections led product revenue with a 46.44% share in 2025 because knee, shoulder, hip, and ankle use remains central to rheumatology and orthopedic practice.

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