- Biologic Drugs
- Small Molecule Systemic Drugs
- Topical Therapies
Psoriasis Drugs Market size was valued at USD 12,000 million in 2022 and is poised to grow at a significant CAGR of 7% over 2023-2029. Psoriasis is an immune-mediated illness that results in a skin condition caused by systemic inflammation. The psoriasis drugs market players will benefit from an increase in psoriasis research and pipeline therapeutics and an increase in disease burden and demand for psoriasis treatments in emerging economies. For instance, in November 2020, Bristol Myers Squibb Presented Late-Breaking Phase 2 Data Demonstrating the Safety and Efficacy of Deucravacitinib (BMS-986165) in Patients with Psoriatic Arthritis. Rising awareness programs about psoriasis disease and treatment alternatives, increased reimbursement support, and increased research and development with the introduction of biologics and biosimilars are all aspects that are influencing the psoriasis pharmaceuticals market and boosting sales growth. Furthermore, prominent market players engage in various business strategies such as product launches to grow their product portfolios and gain a competitive advantage. For example, in July 2020, Fujifilm Kyowa Kirin Biologics received regulatory approval in Japan to manufacture and market the first adalimumab biosimilar for treating psoriasis, Vulgaris arthritic psoriasis, and pustular psoriasis.
Study Period
Base Year
CAGR
Largest Market
Fastest Growing Market
The rising incidence of psoriasis worldwide has produced a significant demand for safe and effective treatments. This has driven manufacturing businesses to engage in research and development initiatives to develop new psoriasis treatment options. The market is driven by a strong product pipeline and growing regulatory approvals for products like Stelara (Janssen Pharmaceuticals) and Cimzia (UCB S.A.). However, the high medical costs associated with psoriasis therapy are one of the critical issues limiting demand for psoriasis medications. Increased spending on medication development for regulatory approvals and the patent filing procedure, which manufacturers are continually seeking to develop novel biological therapies, also limit the market growth. The lack of awareness regarding psoriasis and its related comorbidities is a prominent market restraint.
The psoriasis drugs market is projected to expand at a CAGR of 7% during the forecast period.
AbbVie Inc., Eli Lilly, and Company, Boehringer Ingelheim GmbH, Sun Pharmaceutical Industries Ltd.
Asia-Pacific is the fastest-growing region for psoriasis drugs market
1.Executive Summary |
2.Global Psoriasis Drugs Market Introduction |
2.1.Global Psoriasis Drugs Market - Taxonomy |
2.2.Global Psoriasis Drugs Market - Definitions |
2.2.1. By Treatment |
2.2.2. By Mechanism of Action |
2.2.3. By Route of Administration |
2.2.4. By Region |
3.Global Psoriasis Drugs Market Dynamics |
3.1. Drivers |
3.2. Restraints |
3.3. Opportunities/Unmet Needs of the Market |
3.4. Trends |
3.5. Product Landscape |
3.6. New Product Launches |
3.7. Impact of COVID 19 on Market |
4.Global Psoriasis Drugs Market Analysis, 2018 - 2022 and Forecast 2023 - 2029 |
4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) |
4.3. Market Opportunity Analysis |
5.Global Psoriasis Drugs Market By Treatment, 2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million) |
5.1. Biologic Drugs |
5.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.1.3. Market Opportunity Analysis |
5.2. Small Molecule Systemic Drugs |
5.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.2.3. Market Opportunity Analysis |
5.3. Topical Therapies |
5.3.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
5.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.3.3. Market Opportunity Analysis |
6.Global Psoriasis Drugs Market By Mechanism of Action, 2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million) |
6.1. TNF Alpha Inhibitors |
6.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.1.3. Market Opportunity Analysis |
6.2. PDE4 Inhibitors |
6.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.2.3. Market Opportunity Analysis |
6.3. Interleukin Inhibitors |
6.3.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
6.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.3.3. Market Opportunity Analysis |
6.4. Other Mechanisms of Action |
6.4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
6.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.4.3. Market Opportunity Analysis |
7.Global Psoriasis Drugs Market By Route of Administration, 2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million) |
7.1. Oral |
7.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.1.3. Market Opportunity Analysis |
7.2. Parenteral |
7.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.2.3. Market Opportunity Analysis |
7.3. Topical |
7.3.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
7.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.3.3. Market Opportunity Analysis |
8.Global Psoriasis Drugs Market By Region, 2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million) |
8.1. North America |
8.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
8.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.1.3. Market Opportunity Analysis |
8.2. Europe |
8.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
8.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.2.3. Market Opportunity Analysis |
8.3. Asia Pacific (APAC) |
8.3.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
8.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.3.3. Market Opportunity Analysis |
8.4. Middle East and Africa (MEA) |
8.4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
8.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.4.3. Market Opportunity Analysis |
8.5. Latin America |
8.5.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
8.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.5.3. Market Opportunity Analysis |
9.North America Psoriasis Drugs Market ,2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million) |
9.1. Treatment Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
9.1.1.Biologic Drugs |
9.1.2.Small Molecule Systemic Drugs |
9.1.3.Topical Therapies |
9.2. Mechanism of Action Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
9.2.1.TNF Alpha Inhibitors |
9.2.2.PDE4 Inhibitors |
9.2.3.Interleukin Inhibitors |
9.2.4.Other Mechanisms of Action |
9.3. Route of Administration Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
9.3.1.Oral |
9.3.2.Parenteral |
9.3.3.Topical |
9.4. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
9.4.1.United States of America (USA) |
9.4.2.Canada |
10.Europe Psoriasis Drugs Market ,2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million) |
10.1. Treatment Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
10.1.1.Biologic Drugs |
10.1.2.Small Molecule Systemic Drugs |
10.1.3.Topical Therapies |
10.2. Mechanism of Action Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
10.2.1.TNF Alpha Inhibitors |
10.2.2.PDE4 Inhibitors |
10.2.3.Interleukin Inhibitors |
10.2.4.Other Mechanisms of Action |
10.3. Route of Administration Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
10.3.1.Oral |
10.3.2.Parenteral |
10.3.3.Topical |
10.4. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
10.4.1.Germany |
10.4.2.France |
10.4.3.Italy |
10.4.4.United Kingdom (UK) |
10.4.5.Spain |
11.Asia Pacific (APAC) Psoriasis Drugs Market ,2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million) |
11.1. Treatment Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
11.1.1.Biologic Drugs |
11.1.2.Small Molecule Systemic Drugs |
11.1.3.Topical Therapies |
11.2. Mechanism of Action Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
11.2.1.TNF Alpha Inhibitors |
11.2.2.PDE4 Inhibitors |
11.2.3.Interleukin Inhibitors |
11.2.4.Other Mechanisms of Action |
11.3. Route of Administration Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
11.3.1.Oral |
11.3.2.Parenteral |
11.3.3.Topical |
11.4. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
11.4.1.China |
11.4.2.India |
11.4.3.Australia and New Zealand (ANZ) |
11.4.4.Japan |
11.4.5.Rest of APAC |
12.Middle East and Africa (MEA) Psoriasis Drugs Market ,2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million) |
12.1. Treatment Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
12.1.1.Biologic Drugs |
12.1.2.Small Molecule Systemic Drugs |
12.1.3.Topical Therapies |
12.2. Mechanism of Action Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
12.2.1.TNF Alpha Inhibitors |
12.2.2.PDE4 Inhibitors |
12.2.3.Interleukin Inhibitors |
12.2.4.Other Mechanisms of Action |
12.3. Route of Administration Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
12.3.1.Oral |
12.3.2.Parenteral |
12.3.3.Topical |
12.4. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
12.4.1.GCC Countries |
12.4.2.South Africa |
12.4.3.Rest of MEA |
13.Latin America Psoriasis Drugs Market ,2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million) |
13.1. Treatment Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
13.1.1.Biologic Drugs |
13.1.2.Small Molecule Systemic Drugs |
13.1.3.Topical Therapies |
13.2. Mechanism of Action Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
13.2.1.TNF Alpha Inhibitors |
13.2.2.PDE4 Inhibitors |
13.2.3.Interleukin Inhibitors |
13.2.4.Other Mechanisms of Action |
13.3. Route of Administration Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
13.3.1.Oral |
13.3.2.Parenteral |
13.3.3.Topical |
13.4. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
13.4.1.Brazil |
13.4.2.Mexico |
13.4.3.Rest of LA |
14. Competition Landscape |
14.1. Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) |
14.2.1.Janssen Biotech Inc |
14.2.2.Novartis International Ltd. |
14.2.3.Amgen Inc. |
14.2.4.Pfizer Inc. |
14.2.5.Takeda Pharmaceutical Company Ltd. |
15. Research Methodology |
16. Appendix and Abbreviations |