Psoriatic Arthritis Treatment Market to Surpass $ 17,765.0 Million, Growing at a CAGR 8.4% Forecast 2028 | AbbVie, Otsuka Pharmaceutical Co., Ltd., Amgen

Psoriatic arthritis is one of the types of inflammatory arthritis that occurs in some people suffering from psoriasis, a skin condition wherein red, scaly patches appear on the skin. Usually, psoriasis is followed by psoriatic arthritis, however, pain in joints may start even before any patches are visible on the skin of the patient. Some of the symptoms associated with psoriatic arthritis include pain, swelling, and stiffness in joints. Painful, swelling of fingers and toes can be observed in patients suffering from psoriatic arthritis. Some people suffer from spondylitis caused due to psoriatic arthritis.

The global psoriatic arthritis treatment market is estimated to be valued at US$ 10,100.9 million in 2021 and is expected to exhibit a CAGR of 8.4% over the forecast period (2021-2028).

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Some of the Major Companies covered in this Research are AbbVie Inc., Otsuka Pharmaceutical Co., Ltd., Amgen Inc., Sanofi S.A., Johnson & Johnson Services, Inc., Novartis International AG, AstraZeneca, Bausch Health Companies Inc., Janssen Biotech, Inc., Bristol-Myers Squibb Company, , Eli Lilly and Company, Pfizer, Inc., UCB S.A., Sun Pharma Global FZE, AltruBio, Merck & Co Inc., and Celgene Corporation

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In spondylitis, inflammation of joints between vertebrae and spine occurs along with inflammation in joints between spine and pelvis. Some of the factors that increase the risk of psoriatic arthritis include age, genetics, and having psoriasis. Psoriatic arthritis is incurable, thus it is important to manage its symptoms using available therapeutic drugs related to psoriatic arthritis. This is expected to drive the growth of psoriatic arthritis market.

Market Dynamics

The increasing incidence of psoriasis and psoriatic arthritis, rising research and development activities for the development of novel therapeutics for the treatment of psoriatic arthritis, and increasing adoption of inorganic growth strategies such as acquisitions and collaborations by key players operating in the market, are the major factors that are expected to drive the growth of the global psoriatic arthritis treatment market over the forecast period.

For instance, according to a review article by Seminars in Arthritis and Rheumatism Journal published in August 2018, the global prevalence of psoriatic arthritis was estimated to be 133 every 100,000 people in 2018.

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Table of Contents

-- Report Overview: It includes the Psoriatic Arthritis Treatment market study scope, players covered, key market segments, market analysis by application, market analysis by type, and other chapters that give an overview of the research study.

-- Executive Summary: This section of the report gives information about Psoriatic Arthritis Treatment market trends and shares, market size analysis by region and analysis of global market size. Under market size analysis by region, analysis of market share and growth rate by region is provided.

-- Profiles of International Players: Here, key players of the Psoriatic Arthritis Treatment market are studied on the basis of gross margin, price, revenue, corporate sales, and production. This section gives a business overview of the players and shares their important company details.

-- Regional Study: All of the regions and countries analyzed in the Psoriatic Arthritis Treatment market report is studied on the basis of market size by application, the market size by product, key players, and market forecast.

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Key Benefits:

• This study gives a detailed analysis of drivers and factors limiting the market expansion of Psoriatic Arthritis Treatment

• The micro-level analysis is conducted based on its product types, end-user applications, and geographies

• Porter's five forces model gives an in-depth analysis of buyers and suppliers, threats of new entrants & substitutes and competition amongst the key market players

• By understanding the value chain analysis, the stakeholders can get a clear and detailed picture of this Psoriatic Arthritis Treatment market

The research study can answer the following Key questions:

• What will be the progress rate of the Psoriatic Arthritis Treatment Market for the conjecture period, 2021-2028?

• What are the prominent factors driving the Psoriatic Arthritis Treatment Market across different regions?

• Who are the major vendors dominating the Psoriatic Arthritis Treatment industry and what are their winning strategies?

• What will be the market scope for the estimated period?

• What are the major trends shaping the expansion of the industry in the coming years?

• What are the challenges faced by the Psoriatic Arthritis Treatment Market?

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Our analysts are experts in this field with years of experience. We at Coherent Market Insights maintain the highest level of accuracy and transparency in the report. The primary and secondary resources used in the report are taken from reliable and high authority sources to deliver 100% accurate and trusted data.

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