Psoriasis Treatment Market Size, Share, Key Players, worldwide forecast to 2027

  Psoriasis Treatment Market Overview:

Global demand for psoriasis treatment is on the rise owing to increased prevalence. Market Research Future (MRFR) in its latest study finds that the global psoriasis treatment market is set to grow to in excess of USD 10 Bn by the years 2022 up from USD 7 Bn, reflecting 7.3% CAGR between 2016 and 2022.

 Psoriasis is a common chronic skin condition, which mostly affects scalp, elbow and knee areas. At times, the condition can have a severe impact on self-confidence leading to chronic depression. Patients often become victims of social stigma. Psoriasis can occur in all age groups but more common among the elderly population. The exact cause of disease is yet to be determined but sometimes associated with genetics, auto-immunity or environmental factors. The condition is also linked with a host of co-morbidities such as ophthalmologic pathologies, psoriatic arthritis, inflammatory bowel disease and diabetes, etc. A data released by World Health Organization (WHO) revealed that .3% to 34.7% of all psoriasis patients develop chronic arthritis. From 4.2% to 69% of all individual having psoriasis develop nail changes. As per WHO’s projection close to 100 Mn people are affected by psoriasis with occurrence rate ranging from 0.09% to 11.43% in different countries.
 

Among all the types of psoriasis treatment, plaque psoriasis is the most common accounting for nearly 90% of all cases. On account of improving screening technologies and awareness levels, higher number of cases are being registered. Several new medicines have come up in recent years. Development of novel acting biologics like IL-17 inhibitors and TNF-α inhibitors has brought new hopes for patients. Companies with strong R&D pipelines are expected to gain higher ground in the future. Product development will remain a key area of focus for market players. Currently, most of the treatment options available are either temporary of symptomatic in nature.

For small-sized companies, fund limitations remain a major barrier for R&D. Moreover, patent expiry of drugs such as humira, Enbrel and remicade is expected to influence the margins for companies.

Global Psoriasis Treatment Market: Competition Analysis

  • Eli Lilly
  • Johnson & Johnson
  • Merck and Co Inc.
  • Novartis International AG
  • AbbVie
  • Pfizer Inc
  • Amgen

Global Psoriasis Treatment Market: Segmental Analysis

Segmental analysis of the Psoriasis Treatment Market Size has been conducted on the basis of route of administration, mechanism of action, and drug types.

Based on route of administration, the market has been segmented into topical, injectable and oral. The oral treatment segment is expected to remain highly profitable during the forecast period. The segment currently represents close to 40% share of the global psoriasis market. On the basis of mechanism of action, the market has been segmented into TNF inhibitors, phosphodiesterase inhibitors, interleukin blockers and other. On the basis of drug type, the market has been segmented into small molecules and biologic.

Global Psoriasis Treatment Market: Regional Analysis

North America is the largest market for psoriasis treatment in the world. High healthcare spending, robust healthcare systems and widespread consumer awareness are some of the factors that supports the market growth. Moreover, presence of several leading healthcare organization in the region has elevated the quality of care. A relatively faster adoption of latest psoriasis therapeutics and drugs in advanced countries such as the U.S. and Canada, makes North America an important destination for market players. In addition, the healthier R&D capacity of American pharmaceutical companies cannot be overlooked.

The market in Asia Pacific is expected to register a healthy growth during the forecast period. Rising standard of healthcare in countries such as India and China is reflecting favourably for the psoriasis treatment market in the region. At the same time, a large patient pool is influencing the demand for psoriasis treatment in the region.  

Browse Complete Report with TOC at https://www.marketresearchfuture.com/reports/psoriasis-treatment-market-2769

Related reports

Global Cardiovascular Ultrasound Market Research Report- Forecast To 2027

Global Thymus Cancer Market Research Report- Forecast To 2027

Pleurisy Market Research Report- Global Forecast to 2027

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

Comments

Post a Comment

Popular posts from this blog

Root Canal Market share Valuation, Trends and Forecast to 2027

  The Global Root Canal Market could touch the valuation of USD 21.0 billion by 2023, asserts Market Research Future (MRFR). It is expected to achieve a CAGR of 8.0 % during the forecast period (2017-2023). Growth Drivers and Key Barriers The global root canal market benefits from the rising demand for the treatment owing to the expanding population and the subsequent surge in the number of procedures performed. The boost in number of screenings, greater stress on restorative dental procedures, greater consumption of starch-rich diets and fast foods and rising efficacy, efficiency and success rate of root canal treatment has taken the market to greater heights.  Having said that, the high cost of root canal treatment could act as a barrier for the market in the near future. However, as product development is one of the best strategies for market growth, the market could observe exponential growth in the coming years. This factor stands true on the back of technological advancements
Read more

Cardiovascular Ultrasound Market,Growth, Demand and Key Players to 2027

  GE Healthcare (U.S.), Philips Healthcare (The Netherlands), Siemens Healthcare (Germany), Hitachi Medical Corporation (Japan), Toshiba Medical Systems Corporation (Japan) are some of the prominent players at the forefront of competition in the Global Cardiovascular Ultrasound Market and are profiled in MRFR Analysis.  Global Cardiovascular Ultrasound  Market - Overview Cardiovascular ultrasound imaging system market has increased due to increase in the incidence of cardiovascular diseases, changing lifestyle of people, increase in incidence of diabetes and other risk factors favouring the growth of this market. Increase in demand of cardiovascular ultrasound imaging system in hospitals for diagnosis of heart disease or before any surgical procedure favour the growth of this market.     Cardiovascular diseases gain a huge attention due to increasing prevalence. Due to increasing number of death from cardiovascular diseases, number of companies are in a race for the introduction of th
Read more

Root Canal Market Leading Players, Sales Projection and COVID-19 Impact Analysis By 2027

  Market Scenario A root canal is a dental procedure involving the removal of the central pulp from the tooth. A root canal is performed when the pulp of a tooth is injured, inflamed or infected. The objective of the root canal is to save the structure of the tooth and to prevent infection of the gums and other teeth. Common causes of the root canal treatment include deep decay due to the cavity, a chip or crack in the tooth, an injury to the tooth, infection, and others. The most common symptoms of damaged pulp include pain, swelling, and a heat sensation in the gums. also read @  http://www.marketwatch.com/story/root-canal-market-trends-size-share-demand-forecast-business-revenue-investment-opportunities-competitor-strategies-and-impact-of-covid-19-2021-01-17 Growth Drivers and Key Barriers The global root canal market benefits from the rising demand for the treatment owing to the expanding population and the subsequent surge in the number of procedures performed. The boost in nu
Read more