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Strong Growth Ahead: Psoriatic Arthritis Treatment Market Size To Grow At Arecord 9.4% Cagr By 2029
Psoriatic Arthritis Treatment
What Is the Expected Psoriatic Arthritis Treatment Market Size During the Forecast Period?
The psoriatic arthritis treatment market has shown strong growth in recent years. It will grow from $10.93 billion in 2024 to $12 billion in 2025, reflecting a CAGR of 9.8%. This growth is driven by improved diagnosis, the rising prevalence of psoriatic arthritis, greater awareness of the disease and its treatments, and expanded government support for research and development.
The psoriatic arthritis treatment market is forecast to grow to $17.16 billion in 2029 at a CAGR of 9.4%, owing to biologics innovation, broader treatment options, and global aging trends. Noteworthy trends feature pathway-specific therapies, remote monitoring tools, and patient-focused care models with real-world validation.
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What Are the High-Growth Segments in the Psoriatic Arthritis Treatment Market?
The psoriatic arthritis treatment market covered in this report is segmented -
1) By Drug Class: Nonsteroidal Anti-Inflammatory Drugs (NSAIDS), Disease-Modifying Anti-Rheumatic Drugs (DMARDS), Biologics, Other Drug Classes
2) By Route Of Administration: Oral, Parenteral, Topical
3) By Distribution Channel: Hospital Pharmacies, Retail Pharmacies, Online Pharmacies
Subsegments:
1) By Nonsteroidal Anti-Inflammatory Drugs (NSAIDs): Traditional NSAIDs, COX-2 Inhibitors
2) By Disease-Modifying Anti-Rheumatic Drugs (DMARDs): Conventional DMARDs, Targeted Synthetic DMARDs
3) By Biologics: Tumor Necrosis Factor (TNF) Inhibitors, Interleukin Inhibitors, Other Biologics
4) By Other Drug Classes: Corticosteroids, Topical Treatments, Janus Kinase (JAK) Inhibitors
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What Key Drivers Are Expected to Influence Future Psoriatic Arthritis Treatment Market Growth?
The psoriatic arthritis treatment market is growing due to the rising prevalence of psoriasis and psoriatic arthritis. Psoriasis, which is associated with psoriatic arthritis, affects a significant portion of patients. The National Library of Medicine reported that the incidence of psoriatic arthritis increases over time, driving the demand for treatments in this market.
Which Companies Hold the Largest Share Across Different Psoriatic Arthritis Treatment Market Segments?
Major companies operating in the psoriatic arthritis treatment market include AbbVie Inc., Amgen Astellas BioPharma K.K., Johnson & Johnson Services Inc., Bristol-Myers Squibb Company, Celgene Corporation, Novartis International AG, Eli Lilly and Company, Pfizer Inc., CB Biosciences Inc., Merck & Co. Inc., AstraZeneca plc, Sanofi SA, Otsuka Pharmaceutical Co. Ltd., Sumitomo Dainippon Pharma Co. Ltd., Bayer AG, Abbott Laboratories, Eisai Inc., Janssen Pharmaceuticals Inc., Bausch Health Companies Inc., F. Hoffmann-La Roche Ltd., Gilead Sciences Inc., GlaxoSmithKline plc, LEO Pharma A/S, Regeneron Pharmaceuticals Inc., Sun Pharmaceutical Industries Ltd., Takeda Pharmaceutical Company Limited, Teva Pharmaceutical Industries Ltd., Valeant Pharmaceuticals International Inc., Chugai Pharmaceutical Co. Ltd., Kyowa Kirin Co. Ltd.
What Psoriatic Arthritis Treatment Market Trends Are Gaining Traction Across Different Segments?
Companies in the psoriatic arthritis treatment market are focusing on developing advanced treatments like targeted biologic therapy. These therapies aim to improve patient outcomes by targeting the inflammatory processes underlying psoriatic arthritis. For example, in January 2022, AbbVie's FDA-approved SKYRIZI (risankizumab-rzaa) therapy targets IL-23, showing significant improvements in joint symptoms and disease activity in clinical studies, providing a convenient treatment option for patients.
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What Are the Emerging Geographies for The Psoriatic Arthritis Treatment Market Growth?
The countries covered in the psoriatic arthritis treatment market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Psoriatic Arthritis Treatment Market?
2. What is the CAGR expected in the Psoriatic Arthritis Treatment Market?
3. What Are the Key Innovations Transforming the Psoriatic Arthritis Treatment Industry?
4. Which Region Is Leading the Psoriatic Arthritis Treatment Market?
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