Psoriasis Treatment Market – Global Market Size, Strategic Growth Drivers, Risk Assessment Framework, Regulatory Landscape Review, Competitive Intensity Mapping & Long-Term Industry Outlook to 2029
Overview
Psoriasis Treatment Market size is expected to grow at a CAGR of 9.3% during the forecast period and the market size is expected to reach nearly US$ 48.99 Bn. by 2029.
Psoriasis is a long-lasting autoimmune disease characterized by patches of abnormal skin growth, skin patches are typically red, dry, itchy, and scaly.
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Psoriasis Treatment Market Drivers and Restrain
Rising prevalence of the condition, heading with growing awareness, the screening and diagnosis of the disease are expected to fuel the global market in the coming years. Psoriasis treatment options also contribute to a number of side-effects such as liver and kidney damage, hypertension, and increased risk of cancer, etc., are the factors could hamper the growth of Global Market in forecast period.
Psoriasis Treatment Market Segment Analysis
By drug class, the global market has been categorized into TNF inhibitors, Interleukin inhibitors, Vitamin D analogs, Corticosteroids, and others. Tumour Necrosis Factor Inhibitors is further categorized as Adalimumab, Infliximab, Etanercept. Vitamin D Analogues is segmented into Calcitriol, Calcipotriol, Tacalcitol. The Interleukin inhibitors segment is projected to lead the global market during the forecast period.
High market share of the interleukin inhibitors segment can be attributed to the superior efficacy and safety of drugs in this class for the treatment of psoriasis. Moreover, the acceptance of this drug class is attributable to interleukin blockers, which are considered to be a viable option for patients having trouble responding to other treatment.
Regional Insights
By region, the global psoriasis market to witness dominance of North America followed by Europe. As per the National Psoriasis Foundation, there are about X million people in America living with psoriasis. Because of quick adoption of biological therapy and rise in investments on research and development for clinical trials will drive global market in this region. On the other side, the emerging markets in the Middle East and Africa, Latin America, and Asia Pacific are expected to offer growth opportunities thanks to increasing patient pool, the improving healthcare infrastructure and medical facilities.
The objective of the report is to present comprehensive analysis of Global Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language.
The report covers all the aspects of industry with dedicated study of key players that includes market leaders, followers and new entrants by region. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors by region on the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give clear futuristic view of the industry to the decision makers.
The report also helps in understanding Global Psoriasis Treatment Market dynamics, structure by analyzing the market segments, and project the Global Market size. Clear representation of competitive analysis of key players by Psoriasis Treatment Type, price, financial position, product portfolio, growth strategies, and regional presence in the Global Market.
Psoriasis Treatment Market Scope: Inquire before buying
| Psoriasis Treatment Market | |||
|---|---|---|---|
| Report Coverage | Details | ||
| Base Year: | 2022 | Forecast Period: | 2023-2029 |
| Historical Data: | 2018 to 2022 | Market Size in 2022: | US $ 26.28 Bn. |
| Forecast Period 2023 to 2029 CAGR: | 9.3 % | Market Size in 2029: | US $ 48.99 Bn. |
| Segments Covered: | by Drug class | Corticosteroids Tumour Necrosis Factor Inhibitors interleukin inhibitors Vitamin D Analogues |
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| by Treatment | Biologic Drugs Small Molecule Systemic Drugs Tropical Therapies |
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| by Route of administration | Oral Parenteral Topical |
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Psoriasis Treatment Market, by region
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
North America (United States, Canada and Mexico)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina Rest of South America)
Key Players
1. AbbVie Inc.,
2. Amgen Inc.,
3. AstraZeneca,
4. Biogen,
5. Boehringer Ingelheim,
6. Celgene,
7. Eli Lilly and Company,
8. Johnson & Johnson,
9. LEO Pharma A/S,
10. Merck & Co., Inc.,
11. Novartis AG,
12. Pfizer, Inc.,
13. Stiefel Laboratories Inc. (GlaxoSmithKline plc.),
14. Sun Pharmaceutical Industries
15. Takeda Pharmaceutical Company Limited
16. Boeringer Ingelheim International GmbH
17. UCB S.A.
18. Cipla Inc.
19. Rowan Bioceuticals
20. Glenmark Pharmaceuticals
21. Win-Medicare Pvt. Ltd.
Frequently Asked Questions:
1. Which region has the largest share in Global Psoriasis Treatment Market?
Ans: North America region holds the highest share in 2022.
2. What is the growth rate of Global Psoriasis Treatment Market?
Ans: The Global Psoriasis Treatment Market is growing at a CAGR of 9.3% during forecasting period 2023-2029.
3. What is scope of the Global Psoriasis Treatment market report?
Ans: Global Psoriasis Treatment Market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period.
4. Who are the key players in Global Psoriasis Treatment market?
Ans: The important key players in the Global Psoriasis Treatment Market are – AbbVie Inc.,, Amgen Inc.,, AstraZeneca,, Biogen,, Boehringer Ingelheim,, Celgene,, Eli Lilly and Company,, Johnson & Johnson,, LEO Pharma A/S,, Merck & Co., Inc.,, Novartis AG,, Pfizer, Inc.,, Stiefel Laboratories Inc. (GlaxoSmithKline plc.),, Sun Pharmaceutical Industries, Takeda Pharmaceutical Company Limited, Boeringer Ingelheim International GmbH, UCB S.A., Cipla Inc., Rowan Bioceuticals, Glenmark Pharmaceuticals, and Win-Medicare Pvt. Ltd.
5. What is the study period of this market?
Ans: The Global Psoriasis Treatment Market is studied from 2022 to 2029.