Psoriasis Treatment Market Share, Growth and Trends | Global Market Size to Reach USD 49.74 billion by 2030 Says SNS Insider

Psoriasis Treatment Scope & Overview

According to a report from SNS Insider, the psoriasis treatment market was valued at $25.9 billion in 2022. It is projected to reach $49.74 billion by 2030, with a compound annual growth rate (CAGR) of 8.5% during the forecast period from 2023 to 2030.

Psoriasis is a chronic autoimmune skin condition that causes the rapid buildup of skin cells. It leads to the formation of red, itchy, and scaly patches on the skin's surface. While there is no known cure for psoriasis, various treatment options are available to manage the symptoms and provide relief to individuals affected by this condition.

Market Analysis

The psoriasis treatment market has witnessed remarkable advancements, and its future prospects look promising. Advancements in genetic research and understanding of psoriasis subtypes are paving the way for personalized treatment approaches. Tailoring therapies to an individual's genetic makeup and specific disease characteristics can optimize treatment response and minimize adverse effects. Genetic profiling and biomarker identification will likely become integral parts of psoriasis management, enabling clinicians to provide targeted and more effective treatment options.

Key Players Covered in Psoriasis Treatment market report are: AbbVie Inc, Novartis AG, Merck & CO, Inc, Amgen, UCB, Sun pharmaceutical Industries Ltd., Pfizer, Johnson & Johnson, Eli Lilly and Company, Leo pharma A/S and others.

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Impact of Recession

While the psoriasis treatment market has witnessed significant growth and therapeutic advancements, recessions can disrupt progress and pose challenges for patients, healthcare providers, and pharmaceutical companies. Decreased affordability, reduced healthcare spending, delayed R&D initiatives, and a shift towards more affordable treatment options are potential consequences of an economic downturn. Nevertheless, emerging technologies such as telemedicine may mitigate some of these effects, enabling patients to access essential care remotely.

Segmentation Analysis

The dominance of TNF inhibitors and the plaque psoriasis segment in the psoriasis treatment market is well-deserved. Their remarkable efficacy, favorable safety profiles, and patient-centric approaches have propelled them to the forefront of psoriasis management. As research and development continue to drive innovation in the field, it is likely that these segments will remain pivotal in the quest to provide effective and personalized treatments for psoriasis patients worldwide.

Psoriasis Treatment Market Segmentation as Follows:

By Dug Class:

·        TNF Inhibitors

·        Interleukins Inhibitors

·        Others

By Type:

·        Plaque Psoriasis

·        Psoriatic Arthritis

·        Others

By Route of Administration:

·        Oral

·        Parenteral/Systematic

·        Topical

By distribution Channel:

·        Hospital Pharmacies

·        Retail Pharmacies

·        Online Pharmacies

·        Others

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Regional Status & Analysis

North America's dominance in the psoriasis treatment market can be attributed to its robust R&D infrastructure, technological advancements, strong healthcare system, collaborative networks, and a growing patient population. As the region continues to lead in research and innovation, we can expect the emergence of novel therapies and personalized treatment approaches that will significantly impact the lives of individuals living with psoriasis. Through continued investment and collaboration, North America will likely maintain its position as a driving force in advancing psoriasis treatment options on a global scale.

Conclusion

The market is poised for significant advancements in the coming years. Biologics and targeted therapies, personalized medicine, topical innovations, digital health solutions, and combination therapies are expected to shape the future landscape of psoriasis treatment.

Frequently Asked Questions/ Key Reasons to Purchase this Report

What is the projected outlook for psoriasis treatment market growth?

·        The market is projected to exceed USD 49.74 billion by the year 2030.

What are the major factors influencing the psoriasis treatment market?

·        As research and innovation continue, it is crucial to prioritize patient safety, accessibility, and affordability to ensure that these future prospects translate into real benefits for individuals living with psoriasis.

Who are the leading players in the psoriasis treatment market?

·        AbbVie Inc, Novartis AG, Sun pharmaceutical Industries Ltd., Merck & CO, Inc, Amgen, UCB, Pfizer, Johnson & Johnson.

Table of Content

Chapter 1 Introduction

Chapter 2 Research Methodology

Chapter 3 Market Dynamics

Chapter 4. Impact Analysis (COVID-19, Ukraine- Russia war, Ongoing Recession on Major Economies)

Chapter 5 Value Chain Analysis

Chapter 6 Porter’s 5 forces model

Chapter 7 PEST Analysis

Chapter 8 Psoriasis Treatment Market Segmentation, By Technology

Chapter 9 Psoriasis Treatment Market Segmentation, By Type

Chapter 10 Psoriasis Treatment Market Segmentation, By Route of Administration

Chapter 11 Psoriasis Treatment Market Segmentation, by Distribution Channel

Chapter 12 Regional Analysis

Chapter 13 Company profile

Chapter 14 Competitive Landscape

Chapter 15 Use Case and Best Practices

Chapter 16 Conclusion

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