Global Psoriasis Drugs Market
Pharmaceuticals

Comprehensive Psoriasis Market Analysis 2024: Size, Share, And Key Trends

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What is the Expected Growth Rate of the Psoriasis Market from 2024 to 2033?

The psoriasis market has seen significant growth in recent years, expanding from $23.87 billion in 2023 to $26.5 billion in 2024, reflecting a compound annual growth rate (CAGR) of 11.0%. This growth is driven by factors such as the rising incidence of the condition, increased patient awareness and education, improved healthcare infrastructure, and better access to treatment.

The psoriasis market is projected to grow to $39.17 billion by 2028 at a CAGR of 10.3%. This growth is driven by regulatory approvals, patient preferences, aging populations, and novel therapies. Key trends include biologics, targeted therapies, telemedicine, and AI-driven research.

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What Key Factors Are Fueling the Growth of the Psoriasis Market?

The growing number of psoriasis cases is boosting the psoriasis market. Psoriasis, linked to genetics, immune system issues, and environmental factors, is on the rise due to climate change, stress, and poor lifestyle choices. The World Psoriasis Day consortium reports that 125 million people globally suffer from this condition. The increasing prevalence of psoriasis patients is expected to accelerate market growth in the coming years.

What Are the Major Segments of the Psoriasis Market?

1) By Drug class: Interleukin Inhibitors, Corticosteroids, Anti-Inflammatory, Tumor Necrosis Factor Inhibitor

2) By Drug Types: Small molecules, Biologics

3) By Disease Indication: Plaque Psoriasis, Nail Psoriasis, Guttate Psoriasis, Pustular Psoriasis, Erythrodermic Psoriasis

4) By Route Of Administration: Oral, Tropical, Injectable

5) By Distribution Channel: Hospitals, Retail Pharmacies, E-Commerce

What New Trends Are Transforming the Psoriasis Market?

Combination therapy is becoming more prevalent in the psoriasis market, where two different treatments are combined to produce more effective results than a single therapy. Studies show that combination therapy alleviates psoriasis symptoms more effectively and causes fewer side effects. An example is the combination of taltz (ixekizumab) and methotrexate for treating active psoriatic arthritis, developed by Eli Lilly and Company.

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Which Regions Are Driving Growth in the Psoriasis Market?

North America was the largest region in the psoriasis market in 2023. Middle East is expected to be the fastest-growing region in the psoriasis market during the forecast period. The regions covered in the psoriasis market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

The Psoriasis Global Market Report 2024 offers a comprehensive overview of the audio equipment market, covering historical data from 2010 to 2021 and providing a ten-year forecast from 2023 to 2032. This report examines the size of the psoriasis market, its market share, and analyzes key competitors along with their market positions.

The Table Of Content For The Psoriasis Market Include

1. Psoriasis Market Executive Summary

2. Psoriasis Market Segments

3. Psoriasis Market Size And Template Market Growth Rate

4. Key Psoriasis Market Trends

5. Major Psoriasis Market Drivers

……

25. Key Mergers And Acquisitions In The Psoriasis Market

26. Top Psoriasis Companies

27. Psoriasis Market Opportunities And Strategies

28. Psoriasis Market, Conclusions And Recommendations

29. Appendix

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