Global Rosacea Treatment Market 2018-2022 | Use of Topical Treatment to Boost Demand | Technavio
Published: Sep 11, 2018
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Technavio has published a new market research report on the global rosacea treatment market from 2018-2022. (Graphic: Business Wire)
The use of topical treatment is one of the major trends being witnessed in the global rosacea treatment market 2018-2022. Topical therapy is considered as the most convenient and preferred therapy for the treatment of rosacea. Most of the medications available in the market are topical medications. Customers are adopting topical medications because of two reasons. First, the treatment is effective as it directly interacts with affected area in patients with rosacea and second, other therapies are not as effective as topical therapies and sometimes are not convenient to use.
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According to Technavio analysts, one of the key factors contributing to the growth of the global rosacea treatment market is the emergence of strong pipeline:
Global rosacea treatment market: Emergence of strong pipeline
Pharmaceutical companies are conducting extensive research for the development of effective treatment options for rosacea. Several companies are conducting phase III research trials for their drugs. For instance, Foamix is conducting research on FMX 103, which is a topical minocycline foam 1.5%.
According to a senior analyst at Technavio, “In June 2018, Foamix completed the final enrollment and dosing in the phase III trial of FMX 103 for the treatment of moderate-to-severe papulopustular rosacea. Foamix is expecting the topline results from the phase III trial at the beginning of the fourth quarter of 2018.”
Global rosacea treatment market: Segmentation analysis
The global rosacea treatment market research report provides market segmentation by application (topical and oral) and by region (the Americas, EMEA, and APAC). It provides an in-depth analysis of the prominent factors influencing the market, including drivers, opportunities, trends, and industry-specific challenges.
Of the two major applications, the topical segment held the largest market share in 2017, contributing to over 68% of the market. This application segment will dominate the global market throughout the forecast period.
The Americas accounted for the highest incremental growth, accounting for close to 47% share. It was followed by EMEA and APAC respectively.
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Five Forces Analysis
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- Vendors covered
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Source: Technavio Research