CICLESONIDE MARKET ANALYSIS

Market Challenges And Opportunities

However, presence of alternative mediation and possible risk of pneumonia and other respiratory infections among asthma children who use Safety of inhaled corticosteroids (ICS), may hinder growth of the ciclesonide market.  

Ciclesonide is indicated for the treatment and management of allergy rhinitis and asthma. However, availability of some other medication offering better treatment regime are indicated for the treatment of allergy rhinitis and asthma. This is expected to create competition and hinder the adoption of ciclesonide over the forecast period. For instance, GlaxoSmithKline Plc’s drug, namely Veramyst (fluticasone furoate) Nasal Spray is indicated for the treatment of seasonal and perennial allergic rhinitis. NASONEX (mometasone furoate monohydrate) Nasal Spray by Merck & Co., Inc. is indicated for treatment of nasal symptoms of allergic rhinitis.

Furthermore, patent expiration and subsequent launch of generic ciclesonide in the market could hamper growth of ciclesonide in the near future.  

With the expiry of branded ciclesonide products such as OMNARIS Nasal Spray and ALVESCO it is expected that generic manufacturers will enter the market. Launch of generic versions of ciclesonide will increase competition and will restrain growth of the market in terms of revenue as generic products are available in less price. For instance, according to the data published in Sepracor Inc. annual report, OMNARIS Nasal Spray and ALVESCO HFA lost their patent in October 2017. Thus, patent lose can affect and hinder the market growth in terms of revenue.