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Psoriasis Drug Market is projected to reach $56.96 billion by 2034, growing at a CAGR of 10.8% over the forecast period

04-02-2025 02:36 PM CET | Health & Medicine

Press release from: Polaris Market Research & Consulting

Psoriasis Drug Market

Psoriasis Drug Market

The Global Psoriasis Drug Market Was Valued At USD 20.52 Billion In 2024. It Is Projected To Reach USD 56.96 Billion By 2034, Growing At A Compound Annual Growth Rate (CAGR) Of 10.8% From 2025 To 2034.

Market Introduction
Medications for psoriasis are used to treat the chronic autoimmune disease known as psoriasis, which results in inflammation and scaling due to the fast development of skin cells. These medications aim to control symptoms, reduce inflammation, and slow down the turnover of skin cells. Biologic injections, oral pills, and topical therapies are all used to treat psoriasis. To assist in managing flare-ups and enhance skin health, the doctor may recommend topical corticosteroids, retinoids, immunosuppressants, biologics, or systemic therapies, depending on how severe the condition is.

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Competitive Landscape Analysis
The firms in the market provide a wide range of therapeutic alterations involving biologics, oral systemic treatments, and topical agents, serving differing patient requirements. Some of the prominent players operating in the psoriasis drug market include:
• AbbVie Inc.
• Amgen Inc.
• AstraZeneca
• Boehringer Ingelheim International GmbH
• Celgene Corporation (a subsidiary of Bristol-Myers Squibb)
• Eli Lilly and Company
• Johnson & Johnson Services, Inc.
• LEO Pharma A/S
• Merck & Co., Inc.
• Novartis AG
• Pfizer Inc.
• Sanofi S.A.

Psoriasis Drug Market Report Highlights
• Based on class, the interleukin inhibitors segment dominates the psoriasis drug market share due to their high efficacy and safety in managing moderate-to-severe psoriasis, while ongoing innovations drive their rapid growth.

• The biologics segment, by treatment, holds the largest share and is the fastest-growing segment, driven by their targeted approach and widespread adoption for severe psoriasis cases.

• By route of administration, the parenteral segment leads the psoriasis drug market revenue share, supported by the growing use of injectable biologics, which also exhibit the highest growth due to improved delivery technologies.

• The hospital pharmacies segment, by distribution channel, dominates the market, benefiting from their role in dispensing biologics, while their growth is driven by the increasing prevalence of severe cases requiring specialized care.

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Market Drivers
Rise in Psoriasis Prevalence: The growing prevalence of psoriasis is causing a surge in market demand. As per the International Federation of Psoriasis Associations (IFPA), roughly 125 million people globally, or approximately 2-3% of the world demographics, are impacted by psoriasis. This chronic condition is associated with notable physical and psychological weight, fueling demand for effective treatment options.
Advancements in Biologics and Biosimilar Therapies: The introduction of biologics and biosimilars has transformed the market by providing targeted treatments with greater efficacy and fewer side effects as contrasted to conventional systemic drugs. Biologic therapies, especially interleukin (IL) inhibitors, and tumor necrosis factor-alpha (TNF-α) inhibitors are acquiring extensive approvals in clinical practice.

Segmentation Outlook
By Class Outlook (Revenue - USD Billion, 2020-2034)
• Tumor Necrosis Factor Inhibitors
• Interleukin Inhibitors
• Vitamin D Analogues
• Corticosteriods
• Others

By Type (Revenue - USD Billion, 2020-2034)
• Psoriatic Arthritis
• Plaque Psoriasis
• Others

By Treatment Outlook (Revenue - USD Billion, 2020-2034)
• Topicals
• Systemic
• Biologics

By Route of Administration Outlook (Revenue - USD Billion, 2020-2034)
• Oral
• Parenteral
• Topical

By Distribution Channel Outlook (Revenue - USD Billion, 2020-2034)
• Hospital Pharmacies
• Retail Pharmacies
• Others

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Geographical Landscape
Regionally, the market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
North America holds the largest psoriasis drug market share due to the high prevalence of psoriasis, advanced healthcare infrastructure, and robust adoption of biologic therapies. The region profits from notable funding in research and development, causing speedy approvals and commercialization for inventive cures.
Asia Pacific followed North America as being a significant regional market due to growing healthcare disbursement and the rising prevalanceof psoriasis in populous nations such as China and India.

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

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About Polaris Market Research & Consulting, Inc:
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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