CICLESONIDE MARKET ANALYSIS
Ciclesonide is novel inhaled corticosteroids, majorly preferred by asthma and COPD patients, to relive the underlying symptoms. This generates great opportunity for key players in the market to launch ciclesonide-based products.
Key players have opportunities to penetrate in the untapped potential markets where prevalence of allergy rhinitis and asthma is very high and the accessibility of ciclesonide is less due to the low presence of market players. According to Global Asthma Report published in 2018, in some countries of Asia Pacific such as China, India, Indonesia, Malaysia, and Thailand, burden of asthma is substantial, however, asthma remains underdiagnosed and undertreated. According to the same source, many asthma patients are not using inhaled corticosteroids, as these medicines are either inaccessible or unaffordable. Therefore, key players could focus on these markets and fulfill the unmet need of these potential regions to generate high market revenue.
Some of the key players operating in the ciclesonide market include AstraZeneca Plc., Cipla Limited, Sun Pharmaceutical Industries Ltd., and Apotex Inc.
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