Press release
Prevalence Of Psoriasis Driving Market Growth: Key Factor Driving The Growth In The Psoriasis Market
Psoriasis
What Is the Expected Psoriasis Market Size During the Forecast Period?
The psoriasis market has seen rapid growth in recent years. It will increase from $26.56 billion in 2024 to $29.5 billion in 2025, at a CAGR of 11.1%. Growth factors include the rise in psoriasis cases, enhanced patient awareness and education, and improvements in healthcare infrastructure and access.
The psoriasis market is expected to rise significantly to $42.34 billion in 2029, with a CAGR of 9.4%. The market is being driven by regulatory approvals, aging populations, increasing awareness, and new treatments. Key trends include biologics, targeted oral therapies, AI use, personalized care, digital health solutions, and biosimilars.
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What Are the High-Growth Segments in the Psoriasis Market?
The psoriasis market covered in this report is segmented -
1) By Drug class: Interleukin Inhibitors, Corticosteroids, Anti-Inflammatory, Tumor Necrosis Factor Inhibitor
2) By Drug Types: Small molecules, Biologics
3) By Disease Indication: Plaque Psoriasis, Nail Psoriasis, Guttate Psoriasis, Pustular Psoriasis, Erythrodermic Psoriasis
4) By Route Of Administration: Oral, Tropical, Injectable
5) By Distribution Channel: Hospitals, Retail Pharmacies, E-Commerce
Subsegments:
1) By Interleukin Inhibitors: IL-12/23 Inhibitors (Ustekinumab), IL-17 Inhibitors (Secukinumab, Ixekizumab)
2) By Corticosteroids: Topical Corticosteroids (Hydrocortisone, Betamethasone), Systemic Corticosteroids (Prednisone)
3) By Anti-Inflammatory: Non-Steroidal Anti-Inflammatory Drugs (NSAIDs), Biologic Anti-Inflammatory Agents (Apremilast)
4) By Tumor Necrosis Factor (TNF) Inhibitors: Adalimumab (Humira), Etanercept (Enbrel), Infliximab (Remicade)
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What Key Drivers Are Expected to Influence Future Psoriasis Market Growth?
Rising prevalence of psoriasis is fueling growth in the psoriasis market. Psoriasis affects 2-3% of the global population and is influenced by genetic, environmental, and lifestyle factors. According to the World Psoriasis Day consortium, approximately 125 million people worldwide suffer from psoriasis, contributing to steady market expansion.
Which Companies Hold the Largest Share Across Different Psoriasis Market Segments?
Major companies operating in the psoriasis market include AbbVie Inc., Pfizer Inc., Novartis AG, Eli Lilly and Company, Celgene Corporation, Johnson & Johnson, Amgen Inc., Boehringer Ingelheim GmbH, Merck & Co. Inc., Janssen Biotech Inc., Takeda Pharmaceutical Company Limited, Stiefel Laboratories Inc., AstraZeneca Inc., Union Chimique Belge SA, Sun Pharmaceutical Industries Ltd., Forward Pharma AS, Almirall SA, Bausch Health Companies Inc., Biogen Inc., Biocon Biopharmaceuticals Pvt. Ltd., Celltrion Inc., Dr.Reddy's Laboratories Inc., Arcutis Biotherapeutics Inc., Bayer AG, Bristol Myers Squibb Co., Dermira Inc., Galderma SA, GlaxoSmithKline Plc, Incyte Pharmaceuticals Corp., LEO Pharmacy
What Are the Latest Developing Trends in the Psoriasis Market?
Combination therapy is emerging in the psoriasis market, combining two different treatments for more effective results. This approach enhances the impact of treatment compared to using a single drug, as it addresses different mechanisms of action simultaneously. Studies show that combination therapy alleviates psoriasis symptoms more efficiently with fewer side effects. A specific example is the use of taltz (ixekizumab) combined with methotrexate for treating active psoriatic arthritis (PsA), developed by Eli Lilly and Company.
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What Are the Emerging Geographies for The Psoriasis Market Growth?
North America was the largest region in the psoriasis market in 2023. Middle East is expected to be the fastest-growing region in the psoriasis market during the forecast period. The regions covered in the psoriasis market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Psoriasis Market?
2. What is the CAGR expected in the Psoriasis Market?
3. What Are the Key Innovations Transforming the Psoriasis Industry?
4. Which Region Is Leading the Psoriasis Market?
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