07 November 2019
Visiongain has launched a new pharma report “Rosacea Treatment Market Report 2020-2030” Prospects by Drug Class (Antibiotics, Alpha Agonists, Retinoids, Corticosteroids, Antihypertensive Agents, Other Drug Classes), Mode Of Administration (Topical, Oral), And Geography.
Global rosacea treatment market is projected to grow on account of growing disease prevalence, advancement in formulation of drugs, and shift towards combination therapies among other factors. The global market is projected to grow at a lucrative CAGR of ~8% and anticipated to surpass USD 2 Billion by 2020.
The strong rosacea therapy drug pipeline is the primary factor driving growth in the demand for rosacea therapy during the forecast period. Numerous pharmaceutical companies are performing comprehensive research and development in the development of effective treatment options for rosacea. A variety of these drugs are being evaluated in their stage II and phase II stages. Therefore, during the forecast period, these phase II and phase III drugs are highly likely to enter the market. The addition of these molecules would fuel the growth of the rosacea treatment market and drive the growth of the industry globally.
One of the major trends in the market for rosacea treatment is the change to a variety of drugs utilizing two or three active rosacea treatments. This combination therapy reduces initial prominent symptoms, prevents relapse when oral therapy is discontinued and maintains control over the long term.
Worldwide, Rosacea affects more than 400 million people, yet it remains an undiagnosed disease. The prevalence of the global disease is estimated at 5%. People with light / fair skin appear to be more prone to this disease, especially women. Because of several differences in the presentation, the condition is often misdiagnosed as acne.
Due to multiple patent expiries and off-label use of drugs, the industry is facing high generic penetration. Some acne drugs are used to treat rosacea, such as azelaic acid, sulfur agents, and benzoyl peroxide. While the treatments available are mostly oral or topical, there is a significant paradigm shift as treatment choices are gradually inclined to combination therapies for more effective outcomes.
The FDA and other agencies' approvals for rosacea therapeutics have resulted in a lot of market enthusiasm. In August 2013, the FDA approved a topical form of alpha-2 agonist brimonidine for the treatment of rosacea-related erythema. In 2017, for chronic facial erythema associated with rosacea in adults, another topical alpha agonist, oxymetazoline, was approved. The FDA has approved topical ivermectin (Soolantra) for the treatment of rosacea inflammatory lesions. RHOFADE (Oxymetazoline Hydrochloride) cream was approved by FDA in the year 2017.
In the year 2018; North America dominated the global rosacea treatment market owing to growing government expenditure on the medical and pharmaceutical sector every year and social awareness campaigns across the United States and Canada. According to the National Rosacea Society estimates, approximately 16 million Americans are suffering from rosacea. Because of favorable regulatory requirements, which drive demand for this market, the companies also prefer to release their products first in the United States.
It is projected that the Asia Pacific rosacea treatment market would experience the fastest growth over the forecast period owing to factors such as growing awareness, growing healthcare expenditure and government support.
Some of the major players operating in this industry are Allergan plc, Bausch Health Companies Inc., Bayer AG, Foamix Pharmaceuticals Ltd., Janssen Pharmaceuticals, Inc., Mylan N.V., Nestlé Skin Health (Galderma S.A.), Pfizer Inc., Sol-Gel Technologies, SONOMA PHARMACEUTICALS, INC., Teva Pharmaceuticals Company, Aclaris Therapeutics, Amorepacific Corporation, Hovione FarmaCiencia SA, Leo Pharma Inc., and PRUGEN PHARMACEUTICALS among other prominent players.
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