The Business Research Company’s global market reports provide comprehensive analysis on the various markets in 27 industries across 60 geographies.

As per The Business Research Company’s Psoriasis Global Market Report 2023, 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 market size of the global psoriasis is expected to grow to $34.50 billion in 2027 at a CAGR of 10.9%.

What was the major driver in the psoriasis market?
The rise in the prevalence of psoriasis patients is driving the Psoriasis market. Psoriasis is caused due to immune system, genetics, and environment. The rise in psoriasis patients in the past few years can be mainly attributed to climate change, stress, and an unhealthy lifestyle. 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.

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

What was the key trend in the psoriasis market?
Combination therapy is an emerging trend in the psoriasis market. 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.

Which was the largest region in the psoriasis market?
North America was the largest region in the psoriasis market in 2022. Middle East is expected to be the fastest-growing region in the global psoriasis market share during the forecast period. The regions covered in the global psoriasis market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

Who are the psoriasis market prominent players?
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.

Key psoriasis market segments
The global psoriasis market is segmented –
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

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The Psoriasis Global Market Report 2023  provides a comprehensive overview on the psoriasis market size, trends and drivers, opportunities, strategies, and companies analysis. Through our reports businesses can effectively analyze data and frame well-informed strategies

View More Related Reports –
Psoriatic Arthritis Treatment Global Market Report 2023
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