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Rosacea Market Report 2024 - Future Challenges, Growth Opportunities, Upcoming Trends, Industry Demand And Forecast To 2033
Rosacea Market Report
According to The Business Research Company's, 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 Drivers and Trends:
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.
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.
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• Comprehensive Market Insights: Stakeholders gain access to detailed market statistics, trends, and analyses that help them understand the current and future landscape of their industry.
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• Competitive Advantage: With in-depth competitor analysis and market share information, stakeholders can identify opportunities to outperform their competition.
• Tailored Solutions: The Business Research Company offers customized reports that address specific needs, ensuring stakeholders receive relevant and actionable insights.
• Global Perspective: The reports cover various regions and markets, providing a broad view that helps stakeholders expand and operate successfully on a global scale.
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Major Key Players of the Market:
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.
Rosacea Market 2024 Key Insights:
• The rosacea market is expected to grow to $2.76 billion in 2028 at a compound annual growth rate (CAGR) of 9.0%.
• Rising Skin Disease Prevalence Fuels Growth In The Rosacea Market
• Innovative Epsolay Cream Revolutionizes Rosacea Treatment
• North America was the largest region in the rosacea market in 2023
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The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
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