Psoriatic Arthritis Treatment Market 2021-2026: Global Size, Share, Growth, Trends And Forecast Report

Precision Business Insights published a research report on "Psoriatic Arthritis Treatment Market By Drug Class (Non-Steroidal Anti Inflammatory Drugs (NSAIDs), TNF Alfa Inhibitors, Corticosteroids, Interleukin Inhibitors, PDE4 Inhibitors, Others), By Disease Indication (Mild, Moderate, Severe), By Route of Administration (Oral, Parenteral), By Distribution Channel (Hospital Pharmacies, Retail Pharmacies, Online Pharmacies), and Geography - Global/Region/Country Forecast to 2027"

Psoriatic arthritis is a kind of arthritis that develops in people who have psoriasis. It causes stiffness, discomfort, and swelling in the joints. The majority of people start off with psoriasis and then acquire psoriatic arthritis. According to a research released by Celgene Corporation, roughly 31% of people with psoriasis disease develop psoriatic arthritis, an inflammatory condition affecting joints. Psoriatic arthritis can be treated with a variety of prescription and over-the-counter (OTC) medications. Some treat both psoriatic arthritis and psoriasis signs, while others assist with joint problems. NSAIDs, DMARDs, biologics, and other medication are used to cure psoriatic arthritis.

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The rise in psoriatic arthritis prevalence, increase in the elderly population, strong channel of biosimilar & biologic products, surge in demand and popularity for psoriatic arthritis drugs, and increased awareness about the availability of psoriatic arthritis treatment are the major factors driving the global psoriatic arthritis treatment market. Furthermore, excellent efficacy of authorized medicines, a large patient pool, increased acceptance of innovative therapies, and a rise in clinical R&D to discover new pharmaceuticals for the diagnosis of psoriatic arthritis are likely to drive market expansion during the projection period. Besides, growing illness risk and rising healthcare spending are projected to provide attractive market expansion possibilities during the projected timeframe. The psoriatic arthritis treatment industry is likely to be hampered by high treatment costs and a lack of standardized tools for diagnosis.

The Global Psoriatic Arthritis Treatment Market is fragmented on the basis of drug class, product, type and Route of Administration. In terms of drug class, the market can be widely classified as DMARDs, NSAIDs, Biologics and Other. In terms of Product, the market is classified into OTC and Prescriptions.

Due to the extreme presence of significant players in the area, the global psoriatic arthritis treatment market in North America held the biggest share in 2018, accounting for more than half of the market. Furthermore, rising psoriatic arthritis disease severity, rising demand for psoriatic arthritis treatment medicines, the existence of advanced healthcare facilities with educated medical experts, and an increase in the number of R&D centers all add to the market's expansion in North America. Meanwhile, due to a large population base, increased knowledge about psoriatic arthritis treatment applications, and an increase in the number of psoriasis and psoriatic arthritis illness in various countries, the Asia-Pacific sector is anticipated to grow at the quickest CAGR over the projection period.

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There are several industry players working in the psoriatic arthritis treatment market, which include Bristol-Myers Squibb Company (U.S.), Hoffmann La Roche Ltd. (Switzerland), Novartis AG (Switzerland), Amgen, Inc. (U.S.), Hohnson & Johnson Services, Inc. (U.S.), AbbVie Inc. (U.S.), Eli Lilly & Co. (U.S.),UCB Inc. (Belgium), Celgene Corporation (U.S.), Valeant Pharmaceuticals International, Inc. (U.S.)

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