UK Psoriasis Market 2023 Share, Size, Key Players, Revenue Analysis | Prudent Markets

The UK Psoriasis Market 2023 Report makes available the current and forthcoming technical and financial details of the industry. It is one of the most comprehensive and important additions to the Prudent Markets archive of market research studies. It offers detailed research and analysis of key aspects of the global UK Psoriasis market. This report explores all the key factors affecting the growth of the global UK Psoriasis market, including demand-supply scenario, pricing structure, profit margins, production, and value chain analysis.

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Report Description of the UK Psoriasis Market Analysis

Research Scope and Assumption

The report provides the market value for the base year 2020 and a yearly forecast up to 2028 in terms of revenue (USD billion)

The key industry dynamics, regulatory scenario, reimbursement scenario, major market trends, and drug markets are evaluated to understand their impacts on the demand for the forecast period. The growth rates were estimated using correlation, regression, and time-series analysis

We have used the combination of top-down and bottom-up approach for market sizing, analyzing key regional markets, dynamics, and trends for various solutions, services, and end uses

All market estimates and forecasts have been validated through primary interviews with the Key Industry Players (KIPs) and secondary analysis

Inflation has not been accounted for in order to estimate and forecast the market

Numbers may not add up due to rounding off

Reason to buy the report:

Facilitate decision-making based on strong current and forecast data for UK Psoriasis Market Analysis

Develop strategies based on the latest regulatory framework

Strategically analyze micro-markets with respect to individual growth trends, future prospects, and their contribution to the market

Analyze competitive developments such as expansions, investments, mergers & acquisitions, new product developments, and research & developments in the UK Psoriasis Market Analysis

Analyze the opportunities in the market for stakeholders and draw a competitive landscape for market leaders

To strategically profile key players and comprehensively analyze their market shares and core competencies

We have technically sound team which do a deep dive research and also provide strategy based consulting analysis

Psoriasis can be defined as a skin condition, which accelerates the life cycle of skin cells. It results in cells to develop on the surface. It is usually considered to be a chronic condition. The condition has an unpredictable course of symptoms, significant comorbidities, and various external triggers impacting the condition that includes metabolic syndrome, arthritis, and cardiovascular diseases, among others. The immune system is considered to play an integral role in the condition. The condition also affects nails apart from skin. When a particular area on the skin is affected by the disease, the skin lesion is usually localized, which are sharply demarcated by plaques and red papules that are covered by silver or white scales. These lesions are generally symmetrical and cause stinging, itching, and pain. Herein the main aim of the treatment is to prevent the skin cells from growing quickly. There is no cure to the disease; however, these drugs help in managing the symptoms.

Market Size and Key Findings

The UK Psoriasis Market Analysis size stood at around USD xx billion in 2020 and is projected to reach USD xx billion by 2028, exhibiting a CAGR of xx% during the forecast period.

Market Dynamics

Market Growth Drivers Analysis

The growth of the Psoriasis Drugs market is majorly driven by factors such as increasing public awareness, approval of new drugs Onterleukin-17 inhibitor, Taltz - ixekizumab by Eli Lily), and boost in psoriasis Research and Development investment.

Market Restraints

The key restraints of the market are the high cost involved in drug development, patent expiry of brand name drugs, side effects from the systemic and biologics medication, and health insurance issue.

COVID-19 impact on "UK Psoriasis Market Analysis

The COVID-19 outbreak has no significant impact on the Psoriasis treatment market. According to the companies involved in the development and manufacturing of the Psoriasis treatment products, there is no significant impact on the sales of the products especially biologics in first quarter.

Competitive Landscape

Key Players

Prominent companies dominating the UK Psoriasis Drugs Market profiled in this report are Johnson & Johnson (USA), Novartis International AG (Switzerland), Pfizer Inc (USA), Merck and Co. Inc (USA), Celgene Corporation (USA), Janssen Biotech Inc (USA), Stiefel Laboratories Inc (USA), Takeda Pharmaceutical Company Limited (Japan), Amgen (USA), and AbbVie (USA).

Products in Pipeline

May 2019 Mayne Pharma Group Limited announced that it has received FDA approval for the use of SORILUX Foam for the treatment of plaque psoriasis. The product is used in treatment of psoriasis of the body & scalp in patients aged 12 years and older.

In February 2019, Janssen Pharmaceuticals, Inc. (Johnson & Johnson Services, Inc.) received FDA approval to use TREMFYA, One-Press a single-dose, patient controlled injector for the treatment of moderate-to-severe plaque psoriasis in adults.

Notable Recent Deals

In August 2019, Amgen made an announcement to acquire Otezla, a firm involved in the production of psoriasis drugs, for a worth USD 13.40 billion.

In August 2019, it was announced by Amgen, Inc. that it would acquire an oral drug permitted for moderate-to-severe plaque psoriasis, Apremilast (Otezla), for USD 13.4 billion from Celgene.

Healthcare Policies and Regulatory Landscape

Policy changes and Reimbursement scenario

A European Expert Working Group for Healthcare in Psoriasis (EEWGHP), comprising clinicians and patient advocacy group (PAG) representatives, was convened. The EEWGHP worked between June 2010 and December 2011 to outline the specific issues in psoriasis care, and start developing clear goals and actions that would help to address them.

The goals and actions set out in this White Paper are based on the opinions of the EEWGHP, formed from extensive experience in their specialist fields and supported by relevant clinical evidence, where possible. They aim to provide a framework for improving early access to high-quality care for people with psoriasis in Europe, through raised awareness and consistent management. Ultimately, it is hoped that this framework will help to raise treatment aspirations in psoriasis (of both healthcare professionals (HCPs) and people with psoriasis), thereby improving clinical outcomes and quality of life (QoL) for people with psoriasis.

NICE said Skyrizi will be available for use in the National Health Service by adult patients whose disease is severe, as determined by a score of 10 or more in the Psoriasis Area and Severity Index and Dermatology Life Quality Index tools used to measure the severity of psoriasis and impact of skin disease on the patient's quality of life, respectively.

The U.K. pricing authority's recommendation also covers patients whose disease has not responded to other systemic treatments, including ciclosporin, methotrexate and phototherapy, or in cases where these treatment options are contra-indicated or not tolerated.

Patients should stop taking Skyrizi if their psoriasis has not responded adequately after 16 weeks of treatment, NICE noted.
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UK Psoriasis Market Analysis Segmentation

By Treatment Type:

By Treatment Type, the Biologics segment contributed to the largest market share in 2019. Biologics are usually given by injection, and these are usually recommended to care for users who do not respond to traditional therapy or have associated psoriatic arthritis. The market share occupied by the segment is attributed to its ability to treat the condition by targeting particular areas of the immune system, thereby treating the condition form the base, which results in its high acceptance among care providers.

By Therapeutic Type:

By Therapeutic Class, it can be observed that the Tumor Necrosis Factor Inhibitor segment held the largest market share in 2019. The applicability of this therapeutic class in reducing inflammation, which is a common symptom associated with the condition and one of the primary goals of the care service is to reduce it, contributes to the market share occupied by this segment.

By Distribution Channel:

By Distribution Channel, it can be observed that the Hospitals and Clinics segment is leading the market occupying the largest market share. The high dependency on this distribution channel for availing drugs associated with the condition like Systemic medications and Phototherapy contributes to the market share occupied by this segment.

By Application:

By Application, the Nail Psoriasis segment is projected to witness a considerable growth rate. The growth rate experienced by the Nail Psoriasis segment is resultant of a high occurrence rate of the condition, increasing awareness about it, which in turn propels the demand for these drugs to treat Nail Psoriasis.

Highlighted Segments of UK Psoriasis Market:

Industry Overview: The first section of the research study covers an overview of the global UK Psoriasis Market, market status and prospects, and product range. In addition, it provides highlights of the major segments of the global Market, i.e., region, type, and application segments.

Competitive Analysis: This report illuminates important mergers and acquisitions, business expansion, product or service differences, market concentration, the competitive status of the global UK Psoriasis Market, and market size by player.

Company Profiles and Key Data: This section covers companies profiling the major players in the global UK Psoriasis Market based on the aforementioned revenue, products, business, and other factors.

Market size by type and application: In addition to providing an in-depth analysis of the industry size by type and application, this section provides research on top end users or consumers and potential applications.

Market Dynamics: This report covers the drivers, trends, and opportunities of the global UK Psoriasis Market. This section also includes Porter's analysis of five forces.

Findings and Conclusions: It provides strong recommendations for new as well as established players for securing a position of strength in the global UK Psoriasis Market.

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The report covers the competitive analysis of the market. As the demand is driven by a buyer's paying capacity and the rate of item development, the report shows the important regions that will direct growth. This section exclusively shares insight into the budget reports of big-league members of the market helping key players and new entrants understand the potential of investments in the Global UK Psoriasis Market. It can be better employed by both traditional and new players in the industry for complete know-how of the market.

Strategic Points Covered in Table of Content of Global UK Psoriasis Market:

Chapter 1: Introduction, market driving force product Objective of Study and Research Scope the UK Psoriasis market
Chapter 2: Exclusive Summary - the basic information of the UK Psoriasis Market.
Chapter 3: Displaying the Market Dynamics- Drivers, Trends and Challenges & Opportunities of the UK Psoriasis
Chapter 4: Presenting the UK Psoriasis Market Factor Analysis, Porters Five Forces, Supply/Value Chain, PESTEL analysis, Market Entropy, Patent/Trademark Analysis.
Chapter 5: Displaying the by Type, End User and Region/Country
Chapter 6: Evaluating the leading manufacturers of the UK Psoriasis market which consists of its Competitive Landscape, Peer Group Analysis, BCG Matrix & Company Profile
Chapter 7: To evaluate the market by segments, by countries and by Manufacturers/Company with revenue share and sales by key countries in these various regions
Chapter 8 & 9: Displaying the Appendix, Methodology and Data Source

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-The report offers all the competitive landscape, growth drivers, applications, market dynamics, and other necessary details as well.

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