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Psoriasis Drug Market on a Rapid Rise: Projected to Achieve USD 59.85 Billion by 2032 with 9.2% CAGR | Key Players- Novartis AG, Eli Lily and Company, AstraZeneca plc

07-18-2024 08:46 AM CET | Health & Medicine

Press release from: Polaris Market Research & Consulting

Psoriasis Drug Market

Psoriasis Drug Market

๐“๐ก๐ž ๐ฉ๐ฌ๐จ๐ซ๐ข๐š๐ฌ๐ข๐ฌ ๐๐ซ๐ฎ๐  ๐ฆ๐š๐ซ๐ค๐ž๐ญ ๐ฌ๐ข๐ณ๐ž ๐ข๐ฌ ๐ฉ๐ซ๐จ๐ฃ๐ž๐œ๐ญ๐ž๐ ๐ญ๐จ ๐›๐ž ๐ฏ๐š๐ฅ๐ฎ๐ž๐ ๐š๐ญ ๐”๐’๐ƒ ๐Ÿ๐Ÿ•.๐ŸŽ๐Ÿ” ๐›๐ข๐ฅ๐ฅ๐ข๐จ๐ง ๐ข๐ง ๐Ÿ๐ŸŽ๐Ÿ๐Ÿ‘ ๐š๐ง๐ ๐ข๐ฌ ๐ž๐ฑ๐ฉ๐ž๐œ๐ญ๐ž๐ ๐ญ๐จ ๐ซ๐ข๐ฌ๐ž ๐ญ๐จ ๐”๐’๐ƒ ๐Ÿ“๐Ÿ—.๐Ÿ–๐Ÿ“ ๐›๐ข๐ฅ๐ฅ๐ข๐จ๐ง ๐›๐ฒ ๐Ÿ๐ŸŽ๐Ÿ‘๐Ÿ. ๐“๐ก๐ž ๐ฆ๐š๐ซ๐ค๐ž๐ญ ๐ข๐ฌ ๐ž๐ฑ๐ฉ๐ž๐œ๐ญ๐ž๐ ๐ญ๐จ ๐ซ๐ž๐ ๐ข๐ฌ๐ญ๐ž๐ซ ๐š ๐‚๐€๐†๐‘ ๐จ๐Ÿ ๐Ÿ—.๐Ÿ% ๐๐ฎ๐ซ๐ข๐ง๐  ๐ญ๐ก๐ž ๐Ÿ๐จ๐ซ๐ž๐œ๐š๐ฌ๐ญ ๐ฉ๐ž๐ซ๐ข๐จ๐ ๐Ÿ๐ซ๐จ๐ฆ ๐Ÿ๐ŸŽ๐Ÿ๐Ÿ’ ๐ญ๐จ ๐Ÿ๐ŸŽ๐Ÿ‘๐Ÿ.

๐•๐š๐ซ๐ข๐จ๐ฎ๐ฌ ๐Ÿ๐š๐œ๐ญ๐จ๐ซ๐ฌ ๐ฉ๐ซ๐จ๐ฉ๐ž๐ฅ๐ฅ๐ข๐ง๐  ๐ญ๐ก๐ž ๐๐ž๐ฆ๐š๐ง๐ ๐Ÿ๐จ๐ซ ๐ฉ๐ฌ๐จ๐ซ๐ข๐š๐ฌ๐ข๐ฌ ๐๐ซ๐ฎ๐ ๐ฌ ๐ข๐ง๐œ๐ฅ๐ฎ๐๐ž:

โ€ข Increased alcohol consumption, changing lifestyles, rising smoking rates, and a growing need for improved healthcare could all lead to a growth in the market.
โ€ข A number of factors will impact the market's growth over the forecast period, including increased clinical trials for new medicine products, a robust and expanding research and development budget, government spending on healthcare in both developed and developing economies, unhealthy lifestyles, excessive fat consumption, and a lack of resources for adequate treatments.
โ€ข Growing rates of psoriasis disease burden, increased demand for psoriasis medications in developing countries, and an increase in psoriasis research and pipeline drug development are the main factors propelling the psoriasis drug market expansion.

๐†๐š๐ข๐ง ๐€๐œ๐œ๐ž๐ฌ๐ฌ ๐ญ๐จ ๐š ๐’๐š๐ฆ๐ฉ๐ฅ๐ž ๐๐ƒ๐… ๐จ๐Ÿ ๐ญ๐ก๐ž ๐๐ฌ๐จ๐ซ๐ข๐š๐ฌ๐ข๐ฌ ๐ƒ๐ซ๐ฎ๐  ๐Œ๐š๐ซ๐ค๐ž๐ญ:
https://www.polarismarketresearch.com/industry-analysis/global-psoriasis-drug-market/request-for-sample

๐–๐ก๐š๐ญ ๐€๐ซ๐ž ๐๐ฌ๐จ๐ซ๐ข๐š๐ฌ๐ข๐ฌ ๐ƒ๐ซ๐ฎ๐ ๐ฌ?

Psoriasis is a long-term, autoimmune skin condition characterized by a rapid build-up of skin cells that causes reddish patches and thick, silvery scales that are typically irritating and occasionally severe. Healthy skin cells are unintentionally targeted by an overactive immune system, which causes them to increase quickly. Though it can affect any part of the body, psoriasis usually affects the scalp, knees, elbows, and lower back. Additionally, the illness may cause pitting, discoloration, and thickness of the nails.

๐“๐จ๐ฉ ๐‚๐จ๐ฆ๐ฉ๐š๐ง๐ข๐ž๐ฌ:

Because there are so many companies in the industry, it is expected to be both competitive and fragmented. Some of the leading companies in the psoriasis drug market are:
โ€ข Amgen Inc.
โ€ข AbbVie Inc.
โ€ข Johnson & Johnson Inc.
โ€ข Novartis AG
โ€ข Eli Lily and Company
โ€ข AstraZeneca plc
โ€ข Celgene Corporation
โ€ข Sun Pharma
โ€ข Boehringer Ingelheim
โ€ข Evelo Biosciences Inc.
โ€ข LEO Pharma A/S
โ€ข Pfizer Inc
โ€ข UCB S.A
โ€ข Sun Pharmaceutical Industries Ltd

๐‚๐ฅ๐ข๐œ๐ค ๐จ๐ง ๐ญ๐ก๐ž ๐๐ž๐ฅ๐จ๐ฐ ๐‹๐ข๐ง๐ค ๐ญ๐จ ๐๐ฎ๐ฒ ๐ญ๐ก๐ข๐ฌ ๐‘๐ž๐ฉ๐จ๐ซ๐ญ:
https://www.polarismarketresearch.com/buy/1990/2

๐‘๐ž๐ ๐ข๐จ๐ง๐š๐ฅ ๐‹๐š๐ง๐๐ฌ๐œ๐š๐ฉ๐ž:

โ€ข North America (U.S., Canada)
โ€ข Europe (France, Germany, UK, Italy, Netherlands, Spain, Russia)
โ€ข Asia Pacific (Japan, China, India, Malaysia, Indonesia, South Korea)
โ€ข Latin America (Brazil, Mexico, Argentina)
โ€ข Middle East & Africa (Saudi Arabia, UAE, Israel, South Africa)

๐ƒ๐ซ๐ฎ๐  ๐‚๐š๐ญ๐ž๐ ๐จ๐ซ๐ข๐ž๐ฌ

โ€ข Biologics: Monoclonal antibodies and fusion proteins that target specific components of the immune system, such as TNF-alpha inhibitors, IL-17 inhibitors, and IL-23 inhibitors.
โ€ข Topical Treatments: Creams, ointments, and gels applied directly to the skin, including corticosteroids, vitamin D analogs, and calcineurin inhibitors.
โ€ข Systemic Therapies: Oral or injectable medications that affect the entire body, including methotrexate, cyclosporine, and newer oral small molecules like phosphodiesterase-4 (PDE4) inhibitors.

๐Š๐ž๐ฒ ๐“๐ซ๐ž๐ง๐๐ฌ

โ€ข Shift Towards Biologics and Targeted Therapies: Increasing preference for biologics and targeted therapies due to their higher efficacy and improved safety profiles compared to traditional systemic treatments.
โ€ข Development of Biosimilars: Growing market for biosimilars as patents for original biologic drugs expire, offering cost-effective alternatives.
โ€ข Focus on Personalized Medicine: Advancements in genomics and molecular biology are paving the way for personalized treatment approaches tailored to individual patient profiles.
โ€ข Emergence of New Oral Therapies: Introduction of new oral small molecules, such as Janus kinase (JAK) inhibitors, providing additional options for patients.

๐๐ซ๐จ๐ฐ๐ฌ๐ž ๐…๐ฎ๐ฅ๐ฅ ๐‘๐ž๐ฉ๐จ๐ซ๐ญ ๐‚๐ฅ๐ข๐œ๐ค ๐‡๐ž๐ซ๐ž:
https://www.polarismarketresearch.com/industry-analysis/global-psoriasis-drug-market

๐’๐ž๐ ๐ฆ๐ž๐ง๐ญ๐š๐ฅ ๐๐ซ๐ž๐š๐ค๐๐จ๐ฐ๐ง:

The market is mainly segmented based on therapeutic class, type, treatment type, and region. According to the therapeutic class study, the interleukin inhibitors category experienced the fastest market growth. Interleukin inhibitors have several advantages over other psoriasis treatments, including improved safety and efficacy, which has likely resulted in increased patient acceptance.

Furthermore, based on the type of research, plaque psoriasis dominates the market. It accounts for 80-90% of cases, making it the most common form. This segment is growing due to the leading firms' increased manufacturing of cutting-edge therapies for this specific disease type.

๐๐ฌ๐จ๐ซ๐ข๐š๐ฌ๐ข๐ฌ ๐ƒ๐ซ๐ฎ๐  ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐‘๐ž๐ฉ๐จ๐ซ๐ญ ๐‡๐ข๐ ๐ก๐ฅ๐ข๐ ๐ก๐ญ๐ฌ

โ€ข Interleukin inhibitors accounted for the fastest growth rate throughout the projection period. Due to having better safety and effectiveness and having a patient's acceptance.

โ€ข Plaque psoriasis segment is expected to maintain dominance in the market over the forecast period because leading player companies have increased production and development of cutting-edge treatments for psoriasis disease.

โ€ข The topical treatment segment is expected to hold the maximum shares globally due to highly appreciated treatment for psoriasis because easy to apply topical medication.

โ€ข North America region anticipated dominance in the psoriasis drug market over the projected period leading to new technological developments, increased R&D research, and the entrance of new players in the market.

๐„๐ฑ๐ฉ๐ฅ๐จ๐ซ๐ž ๐–๐ข๐๐ž-๐ซ๐š๐ง๐ ๐ข๐ง๐  ๐‚๐จ๐ฏ๐ž๐ซ๐š๐ ๐ž ๐จ๐Ÿ ๐๐Œ๐‘'๐ฌ ๐‡๐ž๐š๐ฅ๐ญ๐ก๐œ๐š๐ซ๐ž ๐‹๐š๐ง๐๐ฌ๐œ๐š๐ฉ๐ž:

๐‚๐จ๐ซ๐จ๐ง๐š๐ซ๐ฒ ๐’๐ญ๐ž๐ง๐ญ ๐Œ๐š๐ซ๐ค๐ž๐ญ: https://www.polarismarketresearch.com/industry-analysis/coronary-stent-market

๐’๐ฉ๐จ๐ซ๐ญ๐ฌ ๐๐ฎ๐ญ๐ซ๐ข๐ญ๐ข๐จ๐ง ๐Œ๐š๐ซ๐ค๐ž๐ญ: https://www.polarismarketresearch.com/industry-analysis/sports-nutrition-market

๐‘๐ž๐ฏ๐ž๐ง๐ฎ๐ž ๐‚๐ฒ๐œ๐ฅ๐ž ๐Œ๐š๐ง๐š๐ ๐ž๐ฆ๐ž๐ง๐ญ ๐Œ๐š๐ซ๐ค๐ž๐ญ: https://www.polarismarketresearch.com/industry-analysis/revenue-cycle-management-market

๐‡๐ž๐ฆ๐จ๐ฉ๐ก๐ข๐ฅ๐ข๐š ๐€ ๐“๐ซ๐ž๐š๐ญ๐ฆ๐ž๐ง๐ญ ๐Œ๐š๐ซ๐ค๐ž๐ญ: https://www.polarismarketresearch.com/industry-analysis/hemophilia-a-treatment-market

๐‚๐จ๐ง๐ญ๐š๐œ๐ญ ๐”๐ฌ:

Polaris Market Research
Phone: +1-929-297-9727
Email: sales@polarismarketresearch.com

๐€๐›๐จ๐ฎ๐ญ ๐”๐ฌ:

Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for PMR's clientele spread across different enterprises. We at Polaris are obliged to serve PMR's diverse customer base present across the industries of healthcare, technology, semiconductors, and chemicals among various other industries present around the world. We strive to provide PMR's customers with updated information on innovative technologies, high-growth markets, emerging business environments, and the latest business-centric applications, thereby helping them always to make informed decisions and leverage new opportunities. Adept with a highly competent, experienced, and extremely qualified team of experts comprising SMEs, analysts, and consultants, we at Polaris endeavor to deliver value-added business solutions to PMR's customers.

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