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Psoriatic Arthritis Treatment Market Revenue to Cross USD 13.74 Billion by 2026: AMR
Psoriatic Arthritis Treatment Market
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The Psoriatic Arthritis Treatment market is experiencing significant growth and is expected to continue expanding in the coming years.
The market is driven by factors such as the increasing prevalence of psoriatic arthritis, advancements in treatment options, and growing awareness among patients and healthcare professionals.
The primary treatment options for psoriatic arthritis include nonsteroidal anti-inflammatory drugs (NSAIDs), disease-modifying antirheumatic drugs (DMARDs), and biologic therapies.
Biologic therapies, such as tumor necrosis factor (TNF) inhibitors, interleukin inhibitors, and Janus kinase (JAK) inhibitors, have gained considerable traction in recent years due to their effectiveness in managing symptoms and slowing disease progression.
Market Segmentation:
Treatment Type:
Nonsteroidal Anti-Inflammatory Drugs (NSAIDs)
Disease-Modifying Antirheumatic Drugs (DMARDs)
Biologic Therapies
Targeted Therapies
Others
Route of Administration:
Oral
Injectable
Topical
Distribution Channel:
Hospital Pharmacies
Retail Pharmacies
Online Pharmacies
Geography:
North America (United States, Canada)
Europe (United Kingdom, Germany, France, Italy, Spain, Rest of Europe)
Asia Pacific (China, Japan, India, Australia, Rest of Asia Pacific)
Latin America (Brazil, Mexico, Rest of Latin America)
Middle East & Africa (GCC Countries, South Africa, Rest of Middle East & Africa)
End-User:
Hospitals
Specialty Clinics
Ambulatory Surgical Centers
Homecare Settings
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Regional Growth Dynamics:
The global psoriatic arthritis treatment market across North America held the largest share in 2018, contributing for more than half of the market, owing to presence of key players in the region. Moreover, rise in prevalence of psoriatic arthritis disease, surge in demand for psoriatic arthritis treatment drugs, presence of advanced healthcare facilities coupled with trained medical professionals, and surge in number of R&D centers significantly contribute toward the growth of the North America market. However, the Asia-Pacific segment is expected to register the fastest CAGR of 9.1% during the forecast period, owing to high population base, surge in awareness about psoriatic arthritis treatment products, and increase in prevalence of psoriasis & psoriatic arthritis disease in various countries.
Competitive Landscape:
AbbVie Inc.
Amgen Inc.
Bristol Myers Squibb Company
Eli Lilly and Company
Janssen Pharmaceutical Companies (Johnson & Johnson)
Novartis AG
Pfizer Inc.
UCB S.A.
Celgene Corporation (acquired by Bristol Myers Squibb)
Merck & Co., Inc.
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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains. AMR offers its services across 11 industry verticals including Life Sciences, Consumer Goods, Materials & Chemicals, Construction & Manufacturing, Food & Beverages, Energy & Power, Semiconductor & Electronics, Automotive & Transportation, ICT & Media, Aerospace & Defense, and BFSI.
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