The global psoriasis treatment market value was USD 26.13 billion in 2022, driven by the increasing prevalence of psoriasis across the globe. The market size is anticipated to grow at a CAGR of 9.23% during the forecast period of 2023-2031 to achieve a value of USD 57.84 billion by 2031.
The global psoriasis treatment market is experiencing significant growth due to factors such as the increasing prevalence of psoriasis, a growing awareness of the disease and its treatment options, and advancements in therapeutics. The introduction of novel biologic drugs and targeted therapies has revolutionized the treatment landscape, offering more effective and safer options for patients with moderate to severe psoriasis.
North America: The largest market for psoriasis treatment, driven by factors such as advanced healthcare infrastructure, the presence of major pharmaceutical companies, and a robust research and development landscape.
Europe: The second-largest market, with increasing demand for psoriasis treatments due to a growing elderly population, government support, and an expanding healthcare sector.
Asia-Pacific: Expected to witness the highest growth rate due to factors such as a rapidly growing population, increasing prevalence of chronic diseases, and growing investments in healthcare infrastructure and research.
Psoriasis Treatment: Introduction
Psoriasis is a chronic autoimmune skin disease characterized by the rapid build-up of skin cells, leading to scaling, inflammation, and redness. It affects people of all ages and can vary in severity from mild to severe. Psoriasis treatment aims to reduce inflammation, slow down the growth of skin cells, and alleviate symptoms. Treatment options include topical therapies, phototherapy, systemic medications, and biologic drugs, which are chosen based on the severity of the condition and individual patient needs.The global psoriasis treatment market is experiencing significant growth due to factors such as the increasing prevalence of psoriasis, a growing awareness of the disease and its treatment options, and advancements in therapeutics. The introduction of novel biologic drugs and targeted therapies has revolutionized the treatment landscape, offering more effective and safer options for patients with moderate to severe psoriasis.
Psoriasis Treatment Market Scenario
The global psoriasis treatment market is poised for significant growth as the demand for effective treatments continues to rise. Factors such as the increasing prevalence of psoriasis, growing awareness of the disease and its treatment options, and advancements in therapeutics contribute to the market's expansion. The market is characterized by regional dynamics shaped by healthcare infrastructure, government support, and investment in research and development. However, challenges such as the high cost of biologic therapies, limited access to treatment in low- and middle-income countries, and potential side effects of certain medications may impact market growth.North America: The largest market for psoriasis treatment, driven by factors such as advanced healthcare infrastructure, the presence of major pharmaceutical companies, and a robust research and development landscape.
Europe: The second-largest market, with increasing demand for psoriasis treatments due to a growing elderly population, government support, and an expanding healthcare sector.
Asia-Pacific: Expected to witness the highest growth rate due to factors such as a rapidly growing population, increasing prevalence of chronic diseases, and growing investments in healthcare infrastructure and research.
Psoriasis Treatment Market Segmentations
Market Breakup by Diagnosis Method
- Blood Tests
- Skin Prick Test
- Patch Test
- Biopsy
- Others
Market Breakup by Treatment Type
Biologics Drugs
- Apremilast
- Atanercept
- Infliximab
- Adalimumab
- Ustekinumab
- Secukinumab
- Ixekizumab
- Guselkumab
- Tildrakizumab
- Certolizumab
- Others
Systemic Drugs
- Methotrexate
- oriatane
- Otezla
- Sotyktu
- Cyclosporin
- Others
Phototherapy
- Ultraviolet B (UVB)
Topical Drugs
- Calcipotriene
- Tazarotene
- Calcineurin inhibitors
- Roflumilast
- Salicylic acid
- Others
- Others
Market Breakup by Type
- Plaque Psoriasis
- Psoriatic Arthritis
- Others
Market Breakup by Therapy Type
- Monotherapy
- Combination Therapy
Market Breakup by Route of Administration
Oral
- Tablets
- Capsules
Parentals
- Intravenous
- Intramuscular
- Topicals
- Others
Market Breakup by Drug Type
- Over the Counter
Prescription
- Branded
- Generics
Market Breakup by Population Type
- Childs
Adults
- Male
- Female
Geriatrics
- Male
- Female
Market by Breakup Treatment Channel
- Public
- Private
Market Breakup by End User
- Hospitals
- Specialty Clinics
- Homecare Settings
- Others
Market Breakup by Distribution Channel
- Hospital Pharmacy
- Retail Pharmacy
- Online Pharmacy
- Others
Market Breakup by Region
North America
- United States of America
- Canada
Europe
- United Kingdom
- Germany
- France
- Italy
- Others
Asia Pacific
- China
- Japan
- India
- ASEAN
- Australia
- Others
Latin America
- Brazil
- Argentina
- Mexico
- Others
Middle East and Africa
- Saudi Arabia
- United Arab Emirates
- Nigeria
- South Africa
- Others
Key Trends in the Psoriasis Treatment Market
Some key trends of the market are as follows:- Growing prevalence of psoriasis: The rising incidence of psoriasis worldwide is driving the demand for effective treatment options
- Advancements in therapeutics: The introduction of biologic drugs and targeted therapies has improved treatment outcomes and increased the demand for these therapies
- Increased awareness and patient support: Growing awareness of psoriasis and its treatment options, coupled with the availability of patient support programs, is driving market growth
Psoriasis Treatment: Competitor Landscape
The key features of the market report include patent analysis, grants analysis, clinical trials analysis, funding and investment analysis, partnerships, and collaborations analysis by the leading key players. The major companies in the market are as follows:- Pfizer Inc
- Abbvie Inc
- Novartis AG
- Amgen Inc
- Boehringer Ingelheim International GmbH
- Merck & Co Inc
- Sun Pharmaceutical Industries Ltd
- Teva Pharmaceuticals Industries Ltd
- AstraZeneca
- Ampio Pharmaceuticals Inc
- Eli Lilly and Company
- Novartis International AG
- Sun Pharmaceuticals Industries Ltd
- Stiefel Laboratories
- UCB S.A
- LEO Pharma
- Cipla Inc
- Rowan Bioceuticals
- Glenmark Pharmaceuticals
- Win-Medicare Pvt. Ltd
- Sanofi S.A.
Table of Contents
1 Preface
3 Psoriasis Disease Overview
4 Patient Profile
5 Psoriasis Epidemiology Analysis
6 Global Psoriasis Treatment Market Overview
7 Global Psoriasis Treatment Market Landscape
8 Psoriasis Treatment Challenges and Unmet Needs
10 Global Psoriasis Treatment Market Dynamics
11 Global Psoriasis Treatment Market Segmentation
12 North America Psoriasis Treatment Market
13 Europe Psoriasis Treatment Market
14 Asia Pacific Psoriasis Treatment Market
15 Latin America Psoriasis Treatment Market
16 Middle East and Africa Psoriasis Treatment Market
17 Regulatory Framework
18 Patent Analysis
19 Grants Analysis
20 Clinical Trials Analysis
21 Funding and Investment Analysis
22 Partnership and Collaborations Analysis
23 Supplier Landscape
24 Psoriasis Treatment Market- Distribution Model (Additional Insight)
26 Company Competitiveness Analysis (Additional Insight)
27 Payment Methods (Additional Insight)
Companies Mentioned
- Pfizer Inc.
- Abbvie Inc.
- Novartis AG
- Amgen Inc.
- Boehringer Ingelheim International Gmbh.
- Merck & Co Inc.
- Sun Pharmaceutical Industries Ltd.
- Teva Pharmaceuticals Industries Ltd.
- Astrazeneca
- Ampio Pharmaceuticals Inc.
- Eli Lilly and Company
- Novartis International AG
- Sun Pharmaceuticals Industries Ltd.
- Stiefel Laboratories
- Ucb S.A.
- Leo Pharma
- Cipla Inc.
- Rowan Bioceuticals
- Glenmark Pharmaceuticals
- Win-Medicare Pvt. Ltd.
- Sanofi S.A.
Methodology
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Table Information
Report Attribute | Details |
---|---|
No. of Pages | 160 |
Published | May 2023 |
Forecast Period | 2023 - 2031 |
Estimated Market Value ( USD | $ 28.5 Billion |
Forecasted Market Value ( USD | $ 57.8 Billion |
Compound Annual Growth Rate | 9.2% |
Regions Covered | Global |
No. of Companies Mentioned | 21 |