Psoriasis Treatment Market Shows Huge Demand and Future Scope Including Top Players 2028 | Glenmark Pharmaceuticals Limited, Sun Pharmaceuticals Industries Ltd., Cipla Ltd., Johnson & Johnson,

The increasing prevelance of psoriasis cases to boost the Psoriasis Treatment Market growth

Market Overview:

Psoriasis is regarded as a problem in immune system. The problems may comprise of common cold, stress and others. The most usual symptom of psoriasis is rash on the skin. It is also referred to a skin disease that leads to red, itchy patches on the knees, trunk and scalp. This disorder multiplies the cells nearly 10 times quicker than the normal. The eradication scales, stopping the cells in the skin from rapid growth and applying an ointment and a slight medication can relieve from the pain quickly. It is considered to be the chronic and enduring diseases.

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Competitive Landscape:

Major players operating in the global psoriasis treatment market are Novartis AG Rowan Bioceuticals Private Limited, Stiefel Laboratories Inc., Glenmark Pharmaceuticals Limited, Johnson & Johnson, Sun Pharmaceuticals Industries Ltd., Cipla Ltd., and Win Medicare Pvt. Ltd.

Key Market Drivers:

The increasing prevelance of psoriasis cases are anticipated to augment the growth of the global psoriasis treatment market. For instance, as per the National Psoriasis Foundation (NPF) nearly 125 million patients were suffering from this diseases as of 2020.

The increasing adoption of biological therapy for treatment and approvals of novel drugs is anticipated to drive the growth of the global psoriasis treatment market. For instance, In December 2021, Amgen Inc., gained the approval of US Food and Drug Administration for Otezla to be utilized for the treatment of plaque psoriasis in many people.

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Covid-19 Impact Analysis:

The Covid-19 outbreak has led to a positive impact on the growth of the global psoriasis treatment market due to the increasing demand for psoriasis therapy and rising investment in R&D approvals of novel drugs. For instance, Cosentyx generated a revenue of US$ 3,995 million in 2020 and witnessed a growth of 12.5% of sales as compared to 2019.

Key Takeaways:

• The global psoriasis treatment market is expected to exhibit a CAGR of 12.5 % during the forecast period owing to frequent approvals and launches of the product and initiation of therapy products. For instance, In December 2021, Novartis AG got the approval of US Food and Drug Administration for Cosentyx, to treat children and also the elders with psoriatic arthritis.

• Among regions, North America, Asia Pacific and Europe are projected to witness robust growth in the global psoriasis market owing to psoriasis cases, awareness amidst people, need for therapy drugs and rising official approvals in the region. For instance, as per the data published by NICE, the frequency of psoriasis was estimated to be nearly 1.3% to 2.2% amidst populace of UK.

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This release was published on openPR.