Psoriasis Drug Market Size Worth USD 59.85 Billion By 2032 | CAGR: 9.2%

Psoriasis Drug Market Size Worth $59.85 Billion By 2032 | CAGR: 9.2%

The global psoriasis drug market size is expected to reach USD 59.85 billion by 2032, according to a new study by Polaris Market Research. The report “Psoriasis Drug Market Share, Size, Trends, Industry Analysis Report, By Therapeutic Class; By Type (Psoriatic Arthritis, Plaque Psoriasis, Other); By Treatment Type (Topical, Systematic, Biologics); By Region; Segment Forecast, 2024 - 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.

The increase in the prevalence of psoriasis patients is driving the psoriasis drug market. The immune system, genetics, and environment are major factors in psoriasis growth. The primary causes of the recent increase in psoriasis cases include climate change, stress, and an unhealthy lifestyle. According to the World Psoriasis Day initiative, 125 million peoples globally, 2 to 3 percent of the population, have psoriasis. As a result, it is anticipated that the increase in the prevalence of psoriasis patients will fuel the growth of psoriasis drug throughout the projected period.

Psoriasis is an auto-immune disease that causes the overproduction of cells in the skin and symptoms such as irregular red, itchy, and scaly patches on the body. Psoriasis is a noncontagious disease that certain environmental triggers can initiate. The treatment of psoriasis includes steroid creams, topicals, light therapy, oral medication, and biological treatments. Also, it can be an irritating, unpredictable baffling skin disease that majorly affects the knees, elbows, scalp, torso, palms, and soles of the feet.

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Doctors are using new market technologies and medication for psoriasis in oral and injectables dosage forms as it eases to reduce the symptoms of the skin condition. In addition, market players are improving their technologies and utilizing innovative methods such as biotechnology in the development of medications for better enhancement of treatment. Those factors raise the psoriasis drug market.

Psoriasis Drug Market Report Highlights

  • Interleukin inhibitors accounted for the fastest growth rate throughout the projection period. Due to having better safety and effectiveness and having a patient’s acceptance.
  • Plaque psoriasis segment is expected to maintain dominance in the market over the forecast period because leading player companies have increased production and development of cutting-edge treatments for psoriasis disease.
  • The topical treatment segment is expected to hold the maximum shares globally due to highly appreciated treatment for psoriasis because easy to apply topical medication.
  • North America region anticipated dominance in the psoriasis drug market over the projected period leading to new technological developments, increased R&D research, and the entrance of new players in the market.
  • The global key market players include Novartis AG, Eli Lily and Company, AstraZeneca plc, Celgene Corporation, Amgen Inc., Pfizer Inc, UCB S.A, Sun Pharmaceutical Industries Ltd., AbbVie Inc., Johnson & Johnson Inc., Sun Pharma, Boehringer Ingelheim, Evelo Biosciences, Inc., LEO Pharma A/S.

Polaris Market Research has segmented the psoriasis drug market report based on therapeutic class, type, treatment type, and region:

Psoriasis Drug, Therapeutic Class Outlook (Revenue - USD Billion, 2019 - 2032)

  • Interleukin Inhibitors
  • Tumour Necrosis Factor Inhibitor
  • Vitamin D Analogues

Psoriasis Drug, Type Outlook (Revenue - USD Billion, 2019 - 2032)

  • Psoriatic Arthritis
  • Plaque Psoriasis
  • Others

Psoriasis Drug, Treatment Type Outlook (Revenue - USD Billion, 2019 - 2032)

  • Topical
  • Systematic
  • Biologics

    Psoriasis Drug, Regional Outlook (Revenue - USD Billion, 2019 - 2032)

  • North America
  • U.S.
  • Canada
  • Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Netherlands
  • Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Indonesia
  • Malaysia
  • Latin America
  • Argentina
  • Brazil
  • Mexico
  • Middle East & Africa
  • UAE
  • Saudi Arabia
  • Israel
  • South Africa