Market Scenario
Psoriasis is a highly common chronic skin condition. Market Research Future’s (MRFR) in-depth market report on the global psoriasis treatment market has disclosed that the market is anticipated to witness a promising CAGR of 7.3% during the forecast period of 2016 to 2022. The social stigma and discomfort that is associated with psoriasis is expected to promote swift market growth. Valued at USD 7 Bn at the beginning of 2016, the global market is expected to witness increased revenue which results in an approximate evaluation of over USD 10 bn by the end of the assessment period.
Rise in screening and growing prevalence of psoriasis remains the most critical market driving factor of the global psoriasis treatment market. In general an upward trend is observed in several countries throughout the world. For example data from the national health and nutrition examination survey revealed that in United States prevalence of psoriasis increased from 1.62% to 3.10% from 2004 to 2010.
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The other market driving factors for the global psoriasis treatment market is growing awareness, rise in risk factors such as autoimmune diseases, diabetes etc. and greater exposure to environmental factors such as chemicals, allergens etc. The market’s constraints include lack of effective and permanent treatment for the disorder. There is no cure for psoriasis and most treatment is either symptomatic or is temporary in nature. Other market restraints include high cost of drug development, patent expiry of a number of blockbuster drugs such as humira, enbrel and remicade etc, side effects associated with present medications such as hypertension, liver and kidney damage etc. The high cost of drugs coupled with their low efficacy and the advent of biosimilars also hampers the growth of the market.
The global psoriasis treatment market was valued to be US$7.0 billion in 2016 and is expected to reach US$10.68 billion by 2022. Thus the market is expected to grow at a CAGR of 7.3% from 2016 to 2022.
Key Players
- Novartis International AG
- Johnson & Johnson
- Pfizer Inc
- Merck and Co. Inc
- AbbVie and Amgen
- Eli Lilly
Segments
Global psoriasis treatment market has been segmented on the basis of mechanism of action, route of administration and by drug types.
Regional Analysis
Globally North America is the largest market of global psoriasis treatment. Europe is the second largest market for global psoriasis treatment. However the developing market is Asia Pacific that will be the fastest growing region and will be the key to the future.
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Detailed Table of Contents:
1 Introduction
2 Research Methodology
3 Market Dynamics
4 Market Factor Analysis
5 Global Psoriasis Treatment Market, By Mechanism Of Action
6 Global Psoriasis Treatment Market, By Route Of Administration
7 Global Psoriasis Treatment Market, By Drug Types
8 Global Psoriasis Treatment Market, By Regions
9 Company Landscape
10 Company Profile
List Of Tables and Figures
List Of Tables
Table 1 global psoriasis treatment market, 2013-2022 (usd million)
Table 2 global psoriasis treatment market, by mechanism of action, 2013-2022 (usd million)
Table 3 global psoriasis treatment market, by route of administration, 2013-2022 (usd million)
Table 4 global psoriasis treatment market, by drug types, 2013-2022 (usd million)
Table 5 global psoriasis treatment market, by region, 2013-2022 (usd million)
List of figures
Figure 1 research process
Figure 2 porters five forces model
Figure 3 global psoriasis treatment market, by mechanism of action
Figure 4 global psoriasis treatment market, by route of administration
Figure 5 global psoriasis treatment market, by drug types
Figure 6 global psoriasis treatment market, by region
Figure 7 global psoriasis treatment market: company share analysis, 2015 (%)
…Continued
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