The Psoriasis Treatment Market was valued at USD 28.15 billion in 2023 and is expected to reach at USD 54.87 billion by 2031, and grow at a CAGR of 8.7% over the forecast period of 2024-2031.
The major reason humans are likely to suffer from psoriasis are because of some issues in immune system, genetical issues and some other issues include smoking, stress throat infections and so forth, patients who suffer from psoriasis are likely to face symptoms like patches in skin the color of the patches are most probably red or pink, there are various type of psoriasis which mainly includes plaque psoriasis, scalp psoriasis, nail psoriasis, guttate psoriasis and so forth well every type will have different symptoms and cautious conditions. The rise in the psoriasis disease all around the globe is increasing the demand for the proper treatment of polios diseases. According to the healthcare professionals, the lack of staff to provide proper diagnosis is causing a barrier for the market, the external factors also contributes to the rise in the psoriasis diseases among the people of the developed and the undeveloped areas. Though it is a non-communicable disease the rising prevalence of the psoriasis is growing which is increasing the demand for the disease treatment.
Driver
The rise in the demand for the psoriasis treatment.
As we mentioned earlier there has been rise in the psoriasis disease which drives the market, for instances people in U.S. suffering from the disease have assured that the disease also has effect on the social and mental health of the patients suffering from the disease. The quality of the life is highly getting affected by the disease which is the reason the demand for the psoriasis treatment is high so that if the quality treatment is provided to the patients it can result in achieving more positive result which surely drives the market.
Restrain
The high cost of the diagnosis.
The high cost of the treatment is causing the barrier for the market, according to our analysis the people in the undeveloped region and the emerging countries which are facing economic adversity have claimed that the high cost of the diagnosis has led them to face severe cautious outcomes, the interview which were taken regarding the same has assured that the people in the undeveloped regions are most probably ignoring the symptoms in the early stages which is ultimately affecting them in the long run, while some of the patients claimed that they didn’t had proper knowledge as they had mistaken the psoriasis as rashes so the high cost and the lack of awareness in terms of knowledge about the disease is what restraining the market.
Opportunity
The rising initiative taken by the government and the official health organizations to promote the awareness of the disease.
The launch of Psoriasis Prevention Initiative (PPI) by National Psoriasis Foundation (NPF) and also the investment done by the same of approx. $6.5 M to provide the clinical support by building multi-disciplinary teams which will collaborate and support the intervention and achieve the five-year goal, also the implementation if the ‘call-to-action’ framework to improve the standard of care for the patient suffering from psoriasis. Another important aspect the initiative taken by the UCB where the committee was formed of healthcare professional to support the patients suffering from psoriasis regardless from where they are living and what is their current status of treatment. So, as the rising initiatives and investments are the factor which can be considered as the factors which are opportunity for the particular market and which can contribute to the growth of the market during the forecasted period.
Challenge
The lack of healthcare professionals.
According to our analysis and the official statement provided by the WHO regarding how the patients suffering from psoriasis are facing issues related to the cost and the less access to the healthcare professionals, this scenarios is certainly obstructed to the undeveloped regions where the lack of skin specialist or healthcare professionals to deal with the arteries and other symptoms of the psoriasis are unavailable, the fact that the lack of standardized tools which are essentials for the treatment and the diagnosis are creating barriers in terms of meeting the need of patients and if this is not been focused then this can surely result in affecting the market in the future.
According to our analysis the covid 19 had a negative impact on the market because the facts which is been provided by the National institutes of Health (NIH) it states that the people suffering from the psoriasis had to go a lot of severe issues, to begin with the people suffering from psoriasis had a fear of visiting hospitals because visiting hospitals might have resulted in susceptibility of virus, another factor which was concerning was the lack of healthcare professionals and lack of availability of slots as the healthcare industry suffered a lack of infrastructure in the developed and in the undeveloped regions as well, the pandemic also affected the regular visits of the patients as the lockdown rules imposed by the government made it difficult for the patients to have access to the hospitals.
Another factor which was concerning during the covid 19 for the key and the emerging players dealing in this market was the disruptions in the supply chain management as most of the companies have suppliers from all around the world and is dependent in terms of importing raw materials and other essential tools which are required for the diagnosis has impacted the companies and the growth of the market as well.
Impact of Recession
Impact of recession will be negative on the market as we mentioned earlier the cost of the treatment is high and there are also other factors like high inflation rates, disposal income and several other economic conditions of people and the nation which will affect the market in a negative manner, there are chances of people might even ignore the minor symptoms related to the disease as the previous recession data proves that people use to show up in the hospitals only in case of emergency, and the chances of same thing happening in this phase are high and the other adverse effects of recession might result in delay in the investment by the government related to this particular market and drop in plans and programs which were assured by the official healthcare organizations., this report will include all the information related how the market is performing in the major economies of the world and its real time analytics during the period of recession.
By Dug Class:
TNF Inhibitors
Interleukins Inhibitors
Others
By Type:
Plaque Psoriasis
Psoriatic Arthritis
Others
By Route of Administration:
Oral
Parenteral/Systematic
Topical
By distribution Channel:
Hospital Pharmacies
Retail Pharmacies
Online Pharmacies
Others
North America is the region which will dominate the market during the forecasted period, there are many reasons the major one includes the rising initiative taken by the organizations to promote the awareness about the disease and implementing best action of plan which will help the patients to improve the quality of life as well the standards of their treatment, another factor which we would like to mention here is the rising number of people suffering from the psoriasis in the developed countries of North America like U.S. is increasing which positively affects the demand curve of the psoriasis treatment.
Europe is the region with the second highest share to the total market estimation as the rising number of patients and the initiatives taken by government and the approval of the certain medications by the official healthcare organizations of the developed nations will contribute to the growth of the market.
APAC is the region with the highest CAGR growth rate because of the countries like China, Japan, India and so forth are taking initiatives in building latest technology and providing better infrastructure ultimately to provide better results for the patients, whereas latest news related to China’s National Medical Products Administration approving the new drug which was innovated by Sun Pharmaceuticals which is used for the psoriasis treatment and many other factors offers a good opportunity for the market to grow in these regions during the forecasted period.
The major key players are AbbVie Inc, Novartis AG, Merck & CO, Inc, Amgen, UCB, Sun pharmaceutical Industries Ltd., Pfizer, Johnson & Johnson, Eli Lilly and Company, Leo pharma A/S and others.
1. Amgen Inc:
Amgen presents new research on OTEZLA in psoriatic arthritis at EULAR 2023, the research study was all about how with the use of the MOSAIC study the use of MRI is done to see the changes in the inflammation and the progress made which is not possible with the X-Ray imaging technique.
2. Eli lily and Company:
The launch of Copellor by the company to treat the patients suffering from moderate to severe plaque psoriasis. As the CEO of the company has assured that the objective behind this launch was the meet the unmet needs of the patient which was essential
3. Novartis AG:
The approval from the FDA for the Novartis Cosentyx which is used for the treatment of children and adolescents who are experiencing moderate to severe plaque psoriasis.
| Report Attributes | Details |
| Market Size in 2023 | US$ 28.15 Bn |
| Market Size by 2031 | US$ 54.87 Bn |
| CAGR | CAGR of 8.7% From 2024 to 2031 |
| Base Year | 2023 |
| Forecast Period | 2024-2031 |
| Historical Data | 2020-2022 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • By Dug Class (TNF Inhibitors, Interleukins Inhibitors, Others) • By Type (Plaque Psoriasis, Psoriatic Arthritis, Others) • By Route of Administration (Oral, Parenteral/Systematic, Topical) • By distribution Channel (Hospital Pharmacies, Retail Pharmacies, Online Pharmacies) |
| Regional Analysis/Coverage | North America (USA, Canada, Mexico), Europe (Germany, UK, France, Italy, Spain, Netherlands, Rest of Europe), Asia-Pacific (Japan, South Korea, China, India, Australia, Rest of Asia-Pacific), The Middle East & Africa (Israel, UAE, South Africa, Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America) |
| Company Profiles | AbbVie Inc, Novartis AG, Merck & CO, Inc, Amgen, UCB, Sun pharmaceutical Industries Ltd., Pfizer, Johnson & Johnson, Eli Lilly and Company, Leo pharma A/S and others. |
| Key Drivers | • The rise in the demand for the psoriasis treatment. |
| Market Opportunities | • The rising initiative taken by the government and the official health organizations to promote the awareness of the disease. |
Ans: The Psoriasis Treatment Market was valued at USD 28.15 billion in 2023 and is expected to reach at USD 54.87 billion by 2031, and grow at a CAGR of 8.7% over the forecast period of 2024-2031.
ANS: AbbVie Inc, Novartis AG, Merck & CO, Inc, Amgen, UCB, Sun pharmaceutical Industries Ltd., Pfizer, Johnson & Johnson, Eli Lilly and Company, Leo pharma A/S and others.
ANS: The rise in the demand for the psoriasis treatment.
Ans: Market is divided into four segments.
Ans: Impact of recession will be negative on the market
Table of Contents
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 COVID 19 Impact Analysis
4.2 Impact of the Ukraine- Russia war
4.3 Impact of ongoing Recession
4.3.1 Introduction
4.3.2 Impact on major economies
4.3.2.1 US
4.3.2.2 Canada
4.3.2.3 Germany
4.3.2.4 France
4.3.2.5 United Kingdom
4.3.2.6 China
4.3.2.7 Japan
4.3.2.8 South Korea
4.3.2.9 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Psoriasis Treatment Market Segmentation, By Dug Class
8.1 TNF Inhibitors
8.2 Interleukins Inhibitors
8.3 Others
9. Psoriasis Treatment Market Segmentation, by Type
9.1 Plaque Psoriasis
9.2 Psoriatic Arthritis
9.3 Others
10. Psoriasis Treatment Market Segmentation, by Route of Administration
10.1 Oral
10.2 Parenteral/Systematic
10.3 Topical
11. Psoriasis Treatment Market Segmentation, by Distribution Channel
11.1 Hospital Pharmacies
11.2 Retail Pharmacies
11.3 Online Pharmacies
11.4 Others
12. Regional Analysis
12.1 Introduction
12.2 North America
12.2.1 North America Psoriasis Treatment Market by country
12.2.2North America Psoriasis Treatment Market by Drug Class
12.2.3 North America Psoriasis Treatment Market by Type
12.2.4 North America Psoriasis Treatment Market by Route of Administration
12.2.5 North America Psoriasis Treatment Market by Distribution Channel
12.2.6 USA
12.2.6.1 USA Psoriasis Treatment Market by Drug Class
12.2.6.2 USA Psoriasis Treatment Market by Type
12.2.6.3 USA Psoriasis Treatment Market by Route of Administration
12.2.6.4 USA Psoriasis Treatment Market by Distribution Channel
12.2.7 Canada
12.2.7.1 Canada Psoriasis Treatment Market by Drug Class
12.2.7.2 Canada Psoriasis Treatment Market by Type
12.2.7.3 Canada Psoriasis Treatment Market by Route of Administration
12.2.7.4 Canada Psoriasis Treatment Market by Distribution Channel
12.2.8 Mexico
12.2.8.1 Mexico Psoriasis Treatment Market by Drug Class
12.2.8.2 Mexico Psoriasis Treatment Market by Type
12.2.8.3 Mexico Psoriasis Treatment Market by Route of Administration
12.2.8.4 Mexico Psoriasis Treatment Market by Distribution Channel
12.3 Europe
12.3.1 Europe Psoriasis Treatment Market by country
1.3.3.2 Europe Psoriasis Treatment Market by Drug Class
12.3.3 Europe Psoriasis Treatment Market by Type
12.3.4 Europe Psoriasis Treatment Market by Route of Administration
12.3.5 Europe Psoriasis Treatment Market by Distribution Channel
12.3.6 Germany
12.3.6.1 Germany Psoriasis Treatment Market by Drug Class
12.3.6.2 Germany Psoriasis Treatment Market by Type
12.3.6.3 Germany Psoriasis Treatment Market by Route of Administration
12.3.6.4 Germany Psoriasis Treatment Market by Distribution Channel
12.3.7 UK
12.3.7.1 UK Psoriasis Treatment Market by Drug Class
12.3.7.2 UK Psoriasis Treatment Market by Type
12.3.7.3 UK Psoriasis Treatment Market by Route of Administration
12.3.7.4 UK Psoriasis Treatment Market by Distribution Channel
12.3.8 France
12.3.8.1 France Psoriasis Treatment Market by Drug Class
12.3.8.2 France Psoriasis Treatment Market by Type
12.3.8.3 France Psoriasis Treatment Market by Route of Administration
12.3.8.4 France Psoriasis Treatment Market by Distribution Channel
12.3.9 Italy
12.3.9.1 Italy Psoriasis Treatment Market by Drug Class
12.3.9.2 Italy Psoriasis Treatment Market by Type
12.3.9.3 Italy Psoriasis Treatment Market by Route of Administration
12.3.9.4 Italy Psoriasis Treatment Market by Distribution Channel
12.3.10 Spain
12.3.10.1 Spain Psoriasis Treatment Market by Drug Class
12.3.10.2 Spain Psoriasis Treatment Market by Type
12.3.10.3 Spain Psoriasis Treatment Market by Route of Administration
12.3.10.4 Spain Psoriasis Treatment Market by Distribution Channel
12.3.11 The Netherlands
12.3.11.1 Netherlands Psoriasis Treatment Market by Drug Class
12.3.11.2 Netherlands Psoriasis Treatment Market by Type
12.3.11.3 Netherlands Psoriasis Treatment Market by Route of Administration
12.3.11.4 Netherlands Psoriasis Treatment Market by Distribution Channel
12.3.12 Rest of Europe
12.3.12.1 Rest of Europe Psoriasis Treatment Market by Drug Class
12.3.12.2 Rest of Europe Psoriasis Treatment Market by Type
12.3.12.3 Rest of Europe Psoriasis Treatment Market by Route of Administration
12.3.12.4 Rest of Europe Psoriasis Treatment Market by Distribution Channel
12.4 Asia-Pacific
12.4.1 Asia Pacific Psoriasis Treatment Market by country
12.4.2 Asia Pacific Psoriasis Treatment Market by Drug Class
12.4.3 Asia Pacific Psoriasis Treatment Market by Type
12.4.4Asia Pacific Psoriasis Treatment Market by Route of Administration
12.4.5Asia Pacific Psoriasis Treatment Market by Distribution Channel
12.4.6 Japan
12.4.6.1 Japan Psoriasis Treatment Market by Drug Class
12.4.6.2 Japan Psoriasis Treatment Market by Type
12.4.6.3 Japan Psoriasis Treatment Market by Route of Administration
12.4.6.4 Japan Psoriasis Treatment Market by Distribution Channel
12.4.7 South Korea
12.4.7.1 South Korea Psoriasis Treatment Market by Drug Class
12.4.7.2 South Korea Psoriasis Treatment Market by Type
12.4.7.3 South Korea Psoriasis Treatment Market by Route of Administration
12.4.7.4 South Korea Psoriasis Treatment Market by Distribution Channel
12.4.8 China
12.4.8.1 China Psoriasis Treatment Market by Drug Class
12.4.8.2 China Psoriasis Treatment Market by Type
12.4.8.3 China Psoriasis Treatment Market by Route of Administration
12.4.8.4 China Psoriasis Treatment Market by Distribution Channel
12.4.9 India
12.4.9.1 India Psoriasis Treatment Market by Drug Class
12.4.9.2 India Psoriasis Treatment Market by Type
12.4.9.3 India Psoriasis Treatment Market by Route of Administration
12.4.9.4 India Psoriasis Treatment Market by Distribution Channel
12.4.10 Australia
12.4.10.1 Australia Psoriasis Treatment Market by Drug Class
12.4.10.2 Australia Psoriasis Treatment Market by Type
12.4.10.3 Australia Psoriasis Treatment Market by Route of Administration
12.4.10.4 Australia Psoriasis Treatment Market by Distribution Channel
12.4.11 Rest of Asia-Pacific
12.4.11.1 APAC Psoriasis Treatment Market by Drug Class
12.4.11.2 APAC Psoriasis Treatment Market by Type
12.4.11.3 APAC Psoriasis Treatment Market by Route of Administration
12.4.11.4 APAC Psoriasis Treatment Market by Distribution Channel
12.5 The Middle East & Africa
12.5.1 The Middle East & Africa Psoriasis Treatment Market by country
12.5.2 The Middle East & Africa Psoriasis Treatment Market by Drug Class
12.5.3 The Middle East & Africa Psoriasis Treatment Market by Type
12.5.4The Middle East & Africa Psoriasis Treatment Market by Route of Administration
12.5.5 The Middle East & Africa Psoriasis Treatment Market by Distribution Channel
12.5.6 Israel
12.5.6.1 Israel Psoriasis Treatment Market by Drug Class
12.5.6.2 Israel Psoriasis Treatment Market by Type
12.5.6.3 Israel Psoriasis Treatment Market by Route of Administration
12.5.6.4 Israel Psoriasis Treatment Market by Distribution Channel
12.5.7 UAE
12.5.7.1 UAE Psoriasis Treatment Market by Drug Class
12.5.7.2 UAE Psoriasis Treatment Market by Type
12.5.7.3 UAE Psoriasis Treatment Market by Route of Administration
12.5.7.4 UAE Psoriasis Treatment Market by Distribution Channel
12.5.8 South Africa
12.5.8.1 South Africa Psoriasis Treatment Market by Drug Class
12.5.8.2 South Africa Psoriasis Treatment Market by Type
12.5.8.3 South Africa Psoriasis Treatment Market by Route of Administration
12.5.8.4 South Africa Psoriasis Treatment Market by Distribution Channel
12.5.9 Rest of Middle East & Africa
12.5.9.1 Rest of Middle East & Asia Psoriasis Treatment Market by Drug Class
12.5.9.2 Rest of Middle East & Asia Psoriasis Treatment Market by Type
12.5.9.3 Rest of Middle East & Asia Psoriasis Treatment Market Route of Administration
12.5.9.4 Rest of Middle East & Asia Psoriasis Treatment Market by Distribution Channel
12.6 Latin America
12.6.1 Latin America Psoriasis Treatment Market by country
12.6.2 Latin America Psoriasis Treatment Market by Drug Class
12.6.3 Latin America Psoriasis Treatment Market by Type
12.6.4 Latin America Psoriasis Treatment Market by Route of Administration
12.6.5 Latin America Psoriasis Treatment Market by Distribution Channel
12.6.6 Brazil
12.6.6.1 Brazil Psoriasis Treatment Market by Drug Class
12.6.6.2 Brazil Africa Psoriasis Treatment Market by Type
12.6.6.3 Brazil Psoriasis Treatment Market by Route of Administration
12.6.6.4 Brazil Psoriasis Treatment Market by Distribution Channel
12.6.7 Argentina
12.6.7.1 Argentina Psoriasis Treatment Market by Drug Class
12.6.7.2 Argentina Psoriasis Treatment Market by Type
12.6.7.3 Argentina Psoriasis Treatment Market by Route of Administration
12.6.7.4 Argentina Psoriasis Treatment Market by Distribution Channel
12.6.8 Rest of Latin America
12.6.8.1 Rest of Latin America Psoriasis Treatment Market by Drug Class
12.6.8.2 Rest of Latin America Psoriasis Treatment Market by Type
12.6.8.3 Rest of Latin America Psoriasis Treatment Market by Route of Administration
12.6.8.4 Rest of Latin America Psoriasis Treatment Market by Distribution Channel
13 Company profile
13.1 AbbVie Inc
13.1.1 Market Overview
13.1.2 Financials
13.1.3 Treatment/Services/Offerings
13.1.4 SWOT Analysis
13.1.5 The SNS View
13.2 Novartis AG
13.2.1 Market Overview
13.2.2 Financials
13.2.3 Treatment/Services/Offerings
13.2.4 SWOT Analysis
13.2.5 The SNS View
13.3 Merck & CO, Inc
13.3.1 Market Overview
13.3.2 Financials
13.3.3 Treatment/Services/Offerings
13.3.4 SWOT Analysis
13.3.5 The SNS View
13.4 Amgen
13.4.1 Market Overview
13.4.2 Financials
13.4.3 Treatment/Services/Offerings
13.4.4 SWOT Analysis
13.4.5 The SNS View
13.5 UCB
13.5.1 Market Overview
13.5.2 Financials
13.5.3 Treatment/Services/Offerings
13.5.4 SWOT Analysis
13.5.5 The SNS View
13.6 Sun pharmaceutical Industries Ltd
13.6.1 Market Overview
13.6.2 Financials
13.6.3 Treatment/Services/Offerings
13.6.4 SWOT Analysis
13.6.5 The SNS View
13.7 Pfizer
13.7.1 Market Overview
13.7.2 Financials
13.7.3 Treatment/Services/Offerings
13.7.4 SWOT Analysis
13.7.5 The SNS View
13.8 Johnson & Johnson
13.8.1 Market Overview
13.8.2 Financials
13.8.3 Treatment/Services/Offerings
13.8.4 SWOT Analysis
13.8.5 The SNS View
13.9 Eli Lilly and Company,
13.9.1 Market Overview
13.9.2 Financials
13.9.3 Treatment/Services/Offerings
13.9.4 SWOT Analysis
13.9.5 The SNS View
13.10 Leo pharma A/S
13.10.1 Market Overview
13.10.2 Financials
13.10.3 Treatment/Services/Offerings
13.10.4 SWOT Analysis
13.10.5 The SNS View
13. Others
13.10.1 Market Overview
13.10.2 Financials
13.10.3 Treatment/Services/Offerings
13.10.4 SWOT Analysis
13.10.5 The SNS View
14. Competitive Landscape
14.1 Competitive Benchmarking
14.2 Market Share analysis
14.3 Recent Developments
15. Used Cases & Best Practices
16. Conclusion
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