The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company’s psoriasis market report forecasts the psoriasis market size to grow to $34.50 Billion by 2027, with a CAGR (compound annual growth rate) of almost 11%.

Learn More On The Psoriasis Market Report 2023 – https://www.thebusinessresearchcompany.com/report/psoriasis-drugs-global-market-report

Psoriasis Market Size Forecast
The global psoriasis market is expected to grow from $20.31 billion in 2022 to $22.80 billion in 2023 at a compound annual growth rate (CAGR) of 12.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global psoriasis market size is expected to grow to $34.50 billion in 2027 at a CAGR of 10.9%.

North America held the largest psoriasis market share, and Middle East was the fastest-growing region in 2022.

Key Psoriasis Market Driver ­– Rise In The Prevalence Of Psoriasis Patients
According to the World Psoriasis Day consortium, 125 million people globally – 2 to 3 percent of the total population have psoriasis. Therefore, the rise in the prevalence of psoriasis patients is expected to propel the growth of the psoriasis over forecast period.

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Key Psoriasis Market Trend – Adopting Combination Therapy
Combination therapy is an f treatment that combines two different psoriasis treatments at the same time. When two drugs with different mechanisms of action are combined (combination therapy), the effect is greater than that obtained by monotherapy (treatment with a single drug). Studies suggest that combination therapy eases psoriasis symptoms more effectively than a single therapy and has lesser side effects. An example of combination therapy for the treatment of active psoriatic arthritis (PsA) is taltz (ixekizumab) with methotrexate developed by Eli Lilly and Company.

Psoriasis Market Segment
1) By Drug class: Interleukin Inhibitors, Corticosteroids, Anti-Inflammatory, Tumor Necrosis Factor Inhibitor
2) By Distribution Channel: Hospitals, Retail Pharmacies, E-Commerce
3) By Drug Types: Small molecules, Biologics
4) By Route Of Administration: Oral, Tropical, Injectable
5) By Disease Indication: Plaque Psoriasis, Nail Psoriasis, Guttate Psoriasis, Pustular Psoriasis, Erythrodermic Psoriasis

Psoriasis Market Major Players and Strategies
Major players in the psoriasis market are AbbVie Inc., Pfizer Inc., Novartis, Eli Lilly and Company, Celgene Corporation, Johnson & Johnson, Amgen Inc., Boehringer Ingelheim GmbH, Merck & Co Inc. and Janssen Biotech.

The Psoriasis Global Market Report 2023 covers regional data on psoriasis market size, psoriasis market trends and drivers, opportunities, strategies, and psoriasis market competitor analysis. The countries covered in the psoriasis market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

Psoriasis refers to a skin condition that typically affects the knees, elbows, trunk, and scalp and results with a rash with itchy, scaly spots. The primary contributing factor may be an immune system issue wherein infection-fighting cells unintentionally kill healthy skin cells.

View More Reports Related To The Psoriasis Market –
Biosimilar Interleukins Global Market Report 2023
Analgesics Global Market Report 2023
Biosimilar Lymphocyte Modulator Global Market Report 2023

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