16 May Global Plaque Psoriasis Treatment Market To Be Valued US$ 20,388.2 Mn by 2023
“The Global Plaque Psoriasis Treatment Market poised to reach US$ 20,388.2 Mn by 2023 with a significant CAGR over the forecast period (2018-2023) owing to increase in prevalence of the psoriasis conditions all across the globe”
Precision Business Insights (PBI) in its report titled “Global Plaque Psoriasis Treatment Market: Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2012-2017 and Forecast 2018-2023” assesses the market performance over six years forecast period. The report analyses the market value forecast and provides the strategic insights into the market driving factors, challenges that are hindering the market revenue growth over forecast period.
The global plaque psoriasis treatment market was valued at US$ XX Mn in 2017 and projected to reach US$ 20,388.2 Mn by 2023 owing to increase in the prevalence of the psoriasis conditions all across the globe. Increase in awareness about the psoriasis conditions and active participation of non-profit organizations to bring awareness among the psoriasis patients about the new therapies are expected to drive the plaque psoriasis market. The novel treatments for plaque psoriasis and the co-pay programs are anticipated to propel the Global plaque psoriasis treatment market. However, high cost of plaque psoriasis treatment products and lack of disease awareness in underdeveloped countries are hinder the growth of global plaque psoriasis treatment market over forecast years.
Global Plaque Psoriasis Treatment market segmented on the basis of product type, route of administration, distribution channel, and country
Interleukin Inhibitors accounted for higher revenue share
Based on product type global plaque psoriasis treatment market segmented into Interleukin Inhibitors, Tumor Necrosis Factor (TNF), and others. Interleukin Inhibitors expected to account a significant revenue share in global plaque psoriasis treatment market with share of 32.4% (2018) in global market and projected to grow at 20.0% CAGR over 2018 and 2023.
North America leads the Global Plaque Psoriasis Treatment market
PBI’s global plaque psoriasis treatment market report analyses the market in different regions such as North America, Europe, and rest of the world. According to regional analysis, The market for plaque psoriasis treatment estimated to be valued at US$ XX Mn in 2018 and poised to grow at 7.9% CAGR over the forecast period (2018 – 2023) owing to growing introduction of biologics in US market.
Licensing agreements, partnerships & collaboration strategic alliances are the key strategies adopted by market players
Global plaque psoriasis treatment market report further reveals that the key players increasingly adopting strategies such as licensing agreements, partnerships & collaboration to improve market revenue share and gaining significant geographic presence across the region. For instance In July 2017, Almirall and Sun Pharma has entered into a license agreement on the development and commercialization of tildrakizumab for psoriasis in Europe. Under terms of the license agreement, Sun Pharma will be eligible to receive development and regulatory milestone payments and, additionally, sales milestone payments and royalties on net sales. Almirall will be able to lead European studies, and participate in larger global clinical studies for psoriasis indication.
Key player’s profiles in the report are Novartis AG (Switzerland), AbbVie Inc. (U.S), Amgen, Inc. (U.S), Johnson & Johnson (U.S), Eli Lilly and Company (U.S), Celgene Corporation (U.S), Sun Pharmaceuticals Industries Ltd. (India)
By Product Type
- Interleukin Inhibitors
- Tumor Necrosis Factor (TNF)
By Route of Administration
By Distribution Channel Type
- Hospital Pharmacies
- Retail Pharmacies
- North America
- The U.S
- Rest of Europe
- Rest of the world