Market Research Future published a Half Cooked research report on “Global Psoriasis treatment Market Research Report – Forecast till 2022” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2022.
Novartis International AG (Switzerland), Johnson & Johnson Services, Inc., Pfizer Inc (U.S.), Merck and Co. Inc (U.S.), AbbVie Inc. (U.S.), Amgen Inc. (U.S.), AstraZeneca plc. (U.K), LEO Pharma A/S (Denmark), Biogen (U.S), and Eli Lilly and Company (U.S.) are some of the leading players at the cutting edge of the competition in the market of psoriasis treatment, globally.
Psoriasis is a skin disease which is noncontagious in nature, it is a chronic skin condition that produces plaques of thickened, scaling skin. In this disease the cells are buildup quickly on the skin surface, and form red patches over the body, in result patient get discomfort due to itching. Although the causes for psoriasis is still unclear, but researcher have few understanding about the causes of psoriasis. According to them, unhealthy immune system have problem with T-cells and white blood cells, known as neutrophils, which leads to psoriasis. According to updated report published by the Centers for Disease Control and Prevention (CDC), in 2017, around 6.7 million adults have psoriasis in the United States. According to the World Health Organization, in 2014, Norway had the highest prevalence of Psoriasis (11.4%), and population of northern Europe are mostly affected with psoriasis.
Global Psoriasis Treatments Market – Overview
The Global Psoriasis Treatments Market is showing the swift growth in the coming years, there are many factors which may cause psoriasis such as environmental factor, genetic predisposition, and defected immune system.
Companies are involved in the merger and acquisition activities, to provide the best quality treatment option. According to the WHO, in 2014, prevalence of psoriasis is between 0.9% to 11.9% which attract the market players to grab the opportunity, and increase their profit margin. In 2014, Sun Pharma and Merck & Co. Inc. entered into the agreement for testing tildrakizumab, which was evaluated in phase 3 registration trials for the treatment of psoriasis. Sun Pharma get the globally rights to tildrakizumab for use in all human indications from Merck in the exchange for an upfront payment of USD 80 million. The collaboration of these two company help Sun Pharma in building pipeline of innovative dermatology products. These acquisition playing the very important role in introducing the best treatment for the disease.
Another development has been shown recently by Pfizer Inc., in 2017, company announced that the United States Food and Drug Administration (FDA), accepted the application for XELJANZ, which help in the treatment of psoriatic. Another, development made by Janssen Biotech, Inc. a division of Johnson and Johnson, in 2017, where company announce that FDA approve the guselkumab (Tremfya) for the treatment of psoriasis. These development will help the company to capture the market share, and make them players who will lead the market. Increasing in the prevalence of psoriasis population around the globe is creating the huge scope for the market players to make profit.
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Global Psoriasis Treatments Market – Regional Analysis
According to the World Health Organization, psoriasis can occur at any age, while some studies indicated the average age of onset for psoriasis was 33 years of age, and 75% of cases occurred before 46 years of age. Northern Europe are the highest market due to the high prevalence of psoriasis. Whereas, Norway have maximum prevalence of 11.4%.
Approximately, 2% of the total population or around 140 million are affected with psoriasis disease, and around 7.4 million belongs from the Americas. The increase in chronic disease attribute to unhealthy immune system. These are the factor which leads the Psoriasis treatments market in this region.
According to the World Health Organization (WHO), there are equal chances of occurrence of this disease in both males and females. Asia pacific is fastest growing market for psoriasis treatment, owing to presence of countries like India, South Korea, and China. These countries are more focused towards the advanced treatment option, owing to availability of government support for research and development and funds for accepting the advance technology from the developed countries. Japan is well developed country and have well established healthcare system and technology, whereas developing countries are still focusing on new drugs for the treatment of psoriasis patients, this gap between the developed and developing countries will present significant growth opportunity for the diabetes drugs market players in the next few years.
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