The Global Psoriasis Drugs Market Accounted For Usd Xx Million In 2017 And Usd Xx Million In 2017. The Market Is Expected To Reach Usd Xx Million By 2022, Growing At A Cagr Of Xx% During The Forecast Period From 2017 To 2022.
Psoriasis affects between 1% and 5% of the global population. About 30% of people with psoriasis have a family history of the condition, and certain genes have been linked to psoriasis. According to the Arthritis Foundation, the prevalence of psoriatic arthritis in patients suffering from psoriasis is approximately between 7% and 48%. Genetic factors explain that 40% of the psoriatic arthritis patients have a family history of skin and joint diseases.
Global Psoriasis Drugs Market-Market Dynamics
The report details several factors driving and restraining the market. Some of these are discussed below. There is a huge competition in drugs for psoriasis. Amgen biosimilar matches AbbVie’s Humira in psoriasis trial. Humira, one of the leading drugs in psoriasis, earns almost two-thirds of the revenue for AbbVie.
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Increasing investment in R&D of psoriasis, increasing expenditure on healthcare, the high unmet need for efficacious drug and long-lasting therapies are key factors propelling the growth of the market.
Increasing cost of R&D, drugs going off patent, and increasing generic products are turning out to be restraints for the market.
The psoriatic drugs market has been segmented based on the type of treatment, mechanism of action, route of administration and geography. Based on the type of treatment, the market has been segmented into biologic drugs, small molecule systemic drugs, and tropical therapies. Based on the mechanism of action, the market has been segmented into TNF inhibitors, PDE4 inhibitors, interleukin blockers. Based on the route of administration, these devices are categorized as oral, parenteral and topical. The TNF inhibitors include Etanercept (Enbrel), Certolizumab pegol (Cimzia), Adalimumab (Humira), infliximab (Remicade), Golimumab (Simponi). The PDE4 inhibitors include Apremilast and others. The interleukin blockers include Secukinumab (Cosaentyx) and others.
The market has been geographically segmented into North America, Europe, Asia-Pacific, Middle East & Africa and South America. The North American region has been further segmented into the USA, Canada, and Mexico. The Europe region has been sub-divided into Germany, France, the UK, Spain, Italy, Scandinavia, Benelux and Rest of Europe. The Asia-Pacific market has been segmented into Japan, China, India, South Korea, Australia & New Zealand and Rest of Asia-Pacific. The Middle East & African market has been subdivided into the GCC countries, South Africa and Rest of the Middle East and Africa. The South American market has been segmented into Brazil, Argentina, and Rest of South America. North America accounts for the largest market share.
The current market has a lot of competition between novel therapies by various firms and the one with a long lasting mechanism will have the scope to capture the market.
Some of the key players in the market are:
Janssen Biotech, Inc.
Stiefel Laboratories Inc.
Takeda Pharmaceutical Company Limited
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What the Report Offers
Market analysis for the global psoriasis drugs market, with region-specific assessments and
Market definition along with the identification of key drivers and restraints.
Identification of factors instrumental in changing the market scenario, rising prospective opportunities, and identification of key companies that can influence this market on a regional scale.
Extensively researched competitive landscape section with profiles of major companies along with their market share.
Identification and analysis of the macro and micro factors that affect global psoriasis drug market.
A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information.
A wide-ranging knowledge and insights about the major players in this industry and the key strategies adopted by them to sustain and grow in the studied market.
Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped.
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