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Psoriasis Drugs Market Share 2020 – Global Industry Segments by Regions, Industry Dynamics, Key Market Trends Forecast to 2024 – PRnews Leader

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Psoriasis Drugs

Psoriasis Drugs Market” research report would be to present the accurate and tactical analysis of the market assets, growing factors, supply, industry size, regional segmentation, dynamics as well as prices variant for its forecast year 2024. The report study provides key statistics on the market status of the Psoriasis Drugs manufacturers and is a valuable source of guidance and direction for companies and individuals interested in the industry.

Scope of the Report:

Psoriasis is a genetic condition which may not be present at birth. This genetic condition may also be triggered by certain environmental and genetic factors. Factors such as the changing lifestyles of people are leading to increased alcohol consumption and smoking, unhealthy diets, and sedentary living, are making people more prone to this condition.

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Top Players Are:

  • Eli Lilly and Company
  • Pfizer Inc.
  • Johnson and Johnson (Janssen Biotech Inc.)
  • Celgene Corporation
  • Takeda Pharmaceutical Company Limited
  • Stiefel Laboratories Inc.
  • Novartis AG
  • Amgen Inc.
  • Biogen Idec
  • AbbVie Inc.

    Market Overview:

  • The psoriasis drugs market is expected to register a CAGR of 9.3% during the forecast period. The primary factors that are responsible for the growth of this market include the increasing disease burden and demand for psoriasis medicines in emerging economies, the increasing use of combination therapies, and the increase in psoriasis research and pipeline drugs.
  • Among all these factors, one of the factors expected to have a major impact on the market growth is the increasing use of combination therapies. Research is continuing on this combination therapies approach. However, studies conducted suggest that it often eases psoriasis symptoms more effectively than either treatment by themselves. Biologics usually take a while to work. Combining a biologic with a faster-acting systemic drug, such as cyclosporine, is usually much more effective and safer. With faster, longer-lasting results and fewer side effects, requiring lower doses, many doctors are prescribing combination therapies, which is, in turn, expected to drive the psoriasis drugs market. However, factors such as side effects of existing medications may have a negative impact on market growth.

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    Key Market Trends:

    Interleukin Inhibitors is Expected to Grow with High CAGR in the Forecasted Period

    Interleukin inhibitors may witness the fastest growth during the forecast period, and the factors aiding these Interleukin inhibitors are their improved safety and efficacy when compared to other psoriasis drugs, and their increased adoption among end users. Drugs like Secukinumab, and Ustekinumab, among others, are aiding market growth as the usage of drugs is increasing each year. Another benefit of the IL-mode of therapy is for the patients who are intolerant or contraindicated to TNF-α inhibitor therapy.

    North America Dominates the Market and is Expected to do so in the Forecast Period

    North America currently dominates the market for psoriasis drugs, and it is expected to continue having a stronghold for a few more years. In North America, the United States holds the largest market share. This can be majorly attributed to the increasing prevalence of psoriasis, the presence of favorable government initiatives, the presence of developed healthcare infrastructure, high adoption of therapeutics, and the presence of key drug manufacturers. All these factors are expected to propel the market in the United States.

    Competitive Landscape:

    Most of the companies present in the market are efficient at the technological front but require significant support for enhancing their services and expanding their businesses. Thus, mergers and acquisitions offer significant opportunities to gain the attention of a large number of providers across developed regions.

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    Detailed TOC of Psoriasis Drugs Market Report 2020-2024:

    1 INTRODUCTION
    1.1 Study Deliverables
    1.2 Study Assumptions
    1.3 Scope of the Study

    2 RESEARCH METHODOLOGY

    3 EXECUTIVE SUMMARY

    4 MARKET DYNAMICS
    4.1 Market Overview
    4.2 Market Drivers
    4.2.1 Increasing Disease Burden and Demand for Psoriasis Medicines in Emerging Economies
    4.2.2 Increasing Use of Combination Therapies
    4.2.3 Increase in Psoriasis Research and Pipeline Drugs
    4.3 Market Restraints
    4.3.1 Adverse Side Effects of Existing Medications
    4.3.2 High Cost of Psoriasis Treatments
    4.3.3 Extensive Drug Development and Approval Process
    4.4 Porter’s Five Force Analysis
    4.4.1 Threat of New Entrants
    4.4.2 Bargaining Power of Buyers/Consumers
    4.4.3 Bargaining Power of Suppliers
    4.4.4 Threat of Substitute Products
    4.4.5 Intensity of Competitive Rivalry

    5 MARKET SEGMENTATION
    5.1 By Type of Treatment
    5.1.1 Biologic Drugs
    5.1.2 Small Molecule Systemic Drugs
    5.1.3 Tropical Therapies
    5.2 By Mechanism of Action
    5.2.1 TNF Alpha Inhibitors
    5.2.1.1 Etanercept
    5.2.1.2 Certolizumab Pegol
    5.2.1.3 Adalimumab
    5.2.1.4 Infiximab
    5.2.1.5 Golimumab
    5.2.2 PDE4 Inhibitors
    5.2.2.1 Apremilast
    5.2.3 Interleukin Inhibitors
    5.2.3.1 Secukinumab
    5.2.3.2 Ustekinumab
    5.2.3.3 Other Interleukin Inhibitors
    5.2.4 Other Mechanisms of Action
    5.3 By Route of Administration
    5.3.1 Oral
    5.3.2 Parenteral
    5.3.3 Topical
    5.4 Geography
    5.4.1 North America
    5.4.1.1 US
    5.4.1.2 Canada
    5.4.1.3 Mexico
    5.4.2 Europe
    5.4.2.1 Germany
    5.4.2.2 UK
    5.4.2.3 France
    5.4.2.4 Italy
    5.4.2.5 Spain
    5.4.2.6 Rest of Europe
    5.4.3 Asia-Pacific
    5.4.3.1 China
    5.4.3.2 Japan
    5.4.3.3 India
    5.4.3.4 Australia
    5.4.3.5 South Korea
    5.4.3.6 Rest of Asia-Pacific
    5.4.4 Middle East & Africa
    5.4.4.1 GCC
    5.4.4.2 South Africa
    5.4.4.3 Rest of Middle East & Africa
    5.4.5 South America
    5.4.5.1 Brazil
    5.4.5.2 Argentina
    5.4.5.3 Rest of South America

    6 COMPETITIVE LANDSCAPE
    6.1 Company Profiles
    6.1.1 Eli Lilly and Company
    6.1.2 Pfizer Inc.
    6.1.3 Johnson and Johnson (Janssen Biotech Inc.)
    6.1.4 Celgene Corporation
    6.1.5 Takeda Pharmaceutical Company Limited
    6.1.6 Stiefel Laboratories Inc.
    6.1.7 Novartis AG
    6.1.8 Amgen Inc.
    6.1.9 Biogen Idec
    6.1.10 AbbVie Inc.

    7 MARKET OPPORTUNITIES AND FUTURE TRENDS

    Contact Us:

    Name: Ajay More

    Organization: Industry Research

    Phone: +44 20 3239 8187 / +14242530807

    Email: [email protected]

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