Press release
Rosacea Market Report 2024: Strategies And Recent Developments | Pfizer Inc., Johnson & Johnson, Merck & Co. Inc., AbbVie Inc., Bayer AG, Sanofi S.A., GlaxoSmithKline PLC, Eli Lilly and Company
Rosacea Market Characteristics
The Business Research Company offers in-depth market insights through Rosacea Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The rosacea market size has grown rapidly in recent years. It will grow from $1.78 billion in 2023 to $1.95 billion in 2024 at a compound annual growth rate (CAGR) of 10.0%. The growth in the historic period can be attributed to growing awareness of rosacea, increasing access to healthcare, rising disposable incomes, government support for rosacea research and treatment, .
The rosacea market size is expected to see strong growth in the next few years. It will grow to $2.76 billion in 2028 at a compound annual growth rate (CAGR) of 9.0%. The growth in the forecast period can be attributed to biologic therapies, demand for personalized medicine, aging population, increasing prevalence of comorbidities. Major trends in the forecast period include minimally invasive and non-invasive treatments for rosacea, digital health technologies, rosacea-specific cosmetics, non-invasive therapies.
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Market Segmentation:
The main types of rosacea are erythematotelangiectatic rosacea, papulopustular rosacea, ocular rosacea and phymatous rosacea. Erythematotelangiectatic rosacea is referred to as a chronic and inflammatory skin condition that primarily affects the face and its treatment typically involves a combination of topical medications. Various classes of drugs are included, such as antibiotics, alpha-agonists, retinoids, corticosteroids, immunosuppressants and others, which can be administered through several modes, including topical and oral and are used by several end-users, including hospitals, clinics, retail pharmacies and online pharmacies.
Rosacea Global Market Report 2023 provides data on the global rosacea market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors' revenues, profiles and market shares. The rosacea market report identifies opportunities and strategies based on market trends and leading competitors' approaches.
Major Driver - Rising Skin Disease Prevalence Fuels Growth In The Rosacea Market
The increasing prevalence of skin diseases is expected to propel the growth of the rosacea market going forward. Skin diseases are medical conditions that affect the skin's appearance, structure and function. These conditions can involve the skin, hair, nails and related tissues. Rosacea, a type of inflammation and skin problem, can be caused by various fungal infections, including overgrowth of Candida. Moreover, rosacea has a statistically significant increased risk of skin cancers such as hepatic cancer, non-melanoma skin cancer and breast cancer. For instance, in April 2022, according to the American Academy of Dermatology Association, a US-based non-profit medical specialty association, approximately 9,500 people in the US will be diagnosed with skin cancer daily. Furthermore, in March 2023, according to the Centers for Disease Control and Prevention (CDC), a US-based national public health agency, the total number of deaths from fungal infections increased from 5,922 in 2020 to 7,199 in 2021. Therefore, the increasing prevalence of skin diseases is driving the growth of the rosacea market.
Competitive Landscape:
Major players in the rosacea market are Pfizer Inc., Johnson & Johnson, Merck & Co. Inc., AbbVie Inc., Bayer AG, Sanofi S.A., GlaxoSmithKline PLC, Eli Lilly and Company, Viatris Inc., Teva Pharmaceutical Industries Ltd., Bausch Health Companies Inc., Sun Pharmaceutical Industries Ltd., Perrigo Company PLC, Galderma S.A., Dr. Reddy's Laboratories Ltd., Lupin Limited, LEO Pharma A/S, Almirall S.A., Supernus Pharmaceuticals Inc., Taro Pharmaceuticals, Mayne Pharma, Aclaris Therapeutics Inc., Sol-Gel Technologies Ltd., Nestle Skin Health S.A., Foamix Pharmaceuticals.
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Top Trend - Innovative Epsolay Cream Revolutionizes Rosacea Treatment
Major companies operating in the rosacea market are integrating their efforts into developing novel products and solutions to sustain their position in the market. For instance, in June 2022, Galderma S.A., a Switzerland-based pharmaceutical company, launched EPSOLAY cream, the first and only topical treatment with microencapsulated benzoyl peroxide (E-BPO) that is scientifically proven to alleviate bumps and blemishes caused by rosacea. EPSOLAY Cream uses Sol-Gel Technology's proprietary, patented technology to encapsulate benzoyl peroxide in a silica-based microcapsule to form a barrier between the medication and the skin surface. This helps to reduce the irritation and dryness that can be associated with traditional benzoyl peroxide treatments.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Rosacea Market Characteristics
3. Rosacea Market Trends And Strategies
4. Rosacea Market - Macro Economic Scenario
5. Rosacea Market Size And Growth
…..
27. Rosacea Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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