Psoriasis Treatment Market | Industry Key Players - Amgen Inc., Eli Lilly and Company, Novartis AG, Merck & Co., Inc., Johnson & Johnson, Pfizer, Inc., AstraZeneca

In order to study the various trends and patterns prevailing in the overall market for “Psoriasis Treatment”, Market Research Reports Search Engine (MRRSE) has included a new report titled “Psoriasis Treatment Market” to its wide online database. This research assessment offers a clear insight about the influential factors that are expected to transform the global market in the near future. Readers can access the regional as well as segment-wise analysis for acquiring precise information about the global market structure.

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The global market for psoriasis is characterized by stiff competition at present. This is because of savvy players pouring money into research and development of various potential treatment of psoriasis. Going forward, the competitive rivalry among the players is expected to rise further. Some of the key players in the market are Biogen, LEO Pharma, AstraZeneca, Pfizer, and AbbVie.

A recently added report by MRRSE on the global psoriasis treatment market estimates that it will attain a worth of US$12.1 bn by 2024-end from US$7.8 bn in 2015 by registering a CAGR of 5.10% between 2016 and 2024.

Product-wise, TNF inhibitors is generating maximum sales in the market on account of their efficacy and safety. Our team of analysts predict the product to remain the top grosser in the near future as well. They estimate it to account for a significant 47.0% share in the overall market by the end of 2024. Geographically, North America is a dominant region in the market for psoriasis treatment because of a large pool of patients inflicted with the medical condition in the region. Presence of numerous big ticket drug makers in the region is also predicted to bode well for the market in the years to come.

Manufacturers Ramp up Capacities Expecting Surge in Demand

At the forefront of catalyzing growth in the global market for psoriasis treatment is obviously the rising instances of the medical condition. As per the WHO, the number of cases has reached 11.4% from just 4.8% from 1970 to 2008. With the number set to rise even further, demand is primed to grow. Realizing it, savvy players in the market are already seen expanding manufacturing capacities or coming up with new ones to bump up production.

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Apart from that, approval of biological drugs by the FDA is also encouraging investors to plough in a lot of money into research and development of new ones. This is also proving beneficial for the market. Further strengthening healthcare infrastructure resulting in better access to a range of treatments in developing countries, along with a strong distribution pipeline are other factors positively impacting the trajectory of the market for psoriasis treatment.

The report also profiles major players in the global Psoriasis Treatment market based on various attributes such as company overview, financial overview, product portfolio, business strategies, SWOT analysis, and recent developments. Major players profiled in this report include Amgen Inc., Eli Lilly and Company, Novartis AG, Merck & Co., Inc., Johnson & Johnson, Pfizer, Inc., AstraZeneca, AbbVie Inc., LEO Pharma A/S and Biogen.

The Global Psoriasis Treatment Market has been segmented as given below:

Psoriasis Treatment Market, by Product

TNF Inhibitors
Vitamin D Analogues or Combinations
Interleukin Blockers
Others

Psoriasis Treatment Market, by Therapy

Topical Therapeutic Drugs
Systemic Therapeutic Drugs
Combinations
Others

Psoriasis Treatment Market, by Distribution Channel

Hospital Pharmacy
Retail Pharmacy
Online Sales
Others

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