Global Psoriasis Therapeutics Market Growth, Share, Size, Trends and Forecast (2025 - 2031)
By Type;
Plaque Psoriasis, Psoriatic Arthritis, and Others.By Route of Administration;
Oral, Parenteral/Systemic, and Topical.By Geography;
North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2021 - 2031).Introduction
Global Psoriasis Therapeutics Market (USD Million), 2021 - 2031
In the year 2023, the Global Psoriasis Therapeutics Market was valued at USD 24,160.84 million. The size of this market is expected to increase to USD 44,337.43 million by the year 2030, while growing at a Compounded Annual Growth Rate (CAGR) of 9.1%.
Psoriasis, a chronic autoimmune skin condition characterized by red, scaly patches, affects millions of individuals worldwide, imposing a significant burden on patients and healthcare systems alike. As awareness about psoriasis and its impact on quality of life continues to grow, the demand for innovative and effective treatment options is on the rise. The market for psoriasis therapeutics encompasses a wide range of pharmaceutical and biologic agents, topical treatments, phototherapy, and systemic medications. These therapies aim to alleviate symptoms, reduce inflammation, and prevent disease progression, thereby improving patients' overall well-being and minimizing the risk of comorbidities associated with untreated psoriasis.
Key drivers fueling the growth of the Global Psoriasis Therapeutics Market include increasing disease prevalence, advancements in biotechnology and drug development, and a growing emphasis on personalized medicine approaches. Additionally, factors such as expanding healthcare infrastructure, rising healthcare expenditure, and greater access to healthcare services in emerging economies contribute to market expansion.
The market is not without its challenges. Despite the availability of numerous treatment options, achieving satisfactory outcomes for all patients remains a considerable hurdle. Factors such as treatment resistance, adverse effects, and high costs of biologic therapies pose challenges to both patients and healthcare providers. Moreover, disparities in access to healthcare and disparities in disease awareness and diagnosis further complicate efforts to effectively manage psoriasis on a global scale.
Global Psoriasis Therapeutics Market Recent Developments
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In August 2023, the Centers for Medicare and Medicaid Services (CMS) announced the list of the first ten drugs for inclusion into Medicare price negotiation under the act known as the Inflation Reduction Act. The list includes some psoriasis management drugs such as Enbrel and Stelara.
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In January 2022, UCB S.A. obtained market authorization from the Japanese Ministry of Health, Labor, and Welfare (MHLW) for its drug Bimzelx, intended to treat plaque psoriasis, psoriatic erythroderma, and pustular psoriasis.
Segment Analysis
Firstly, segmentation by type categorizes psoriasis therapeutics into distinct modalities based on their mechanism of action and formulation. This includes biologic drugs, systemic medications, topical treatments, and phototherapy. Each type offers unique benefits and is tailored to address specific manifestations and severity levels of psoriasis, catering to the diverse needs of patients.
Secondly, classification by route of administration specifies the method by which psoriasis therapeutics are delivered into the body. This encompasses oral medications, injectable biologics, topical creams and ointments, and phototherapy devices. The selection of the route of administration is influenced by factors such as the severity of psoriasis, patient preferences, and the desired onset and duration of therapeutic effects.
Geographical segmentation recognizes the global distribution of psoriasis and its therapeutic interventions, acknowledging regional variations in disease prevalence, healthcare infrastructure, and regulatory frameworks. This approach enables stakeholders to assess market dynamics and tailor strategies according to regional needs and preferences, facilitating targeted marketing efforts and expansion initiatives.
Global Psoriasis Therapeutics Segment Analysis
In this report, the Global Psoriasis Therapeutics Market has been segmented by Type, Route of Administration and Geography.
Global Psoriasis Therapeutics Market, Segmentation by Type
The Global Psoriasis Therapeutics Market has been segmented by Type into Plaque Psoriasis, Psoriatic Arthritis, and Others.
Plaque psoriasis, characterized by raised, red patches covered with a silvery white buildup of dead skin cells, represents the most common form of the disease, accounting for a significant portion of the market. Therapeutic approaches for plaque psoriasis typically involve topical treatments, systemic medications, and biologic agents targeting key inflammatory pathways.
Psoriatic arthritis, a chronic inflammatory condition affecting the joints and surrounding tissues, represents another important segment of the market. Patients with psoriatic arthritis experience joint pain, stiffness, and swelling, often accompanied by skin manifestations of psoriasis. Treatment strategies for psoriatic arthritis encompass a multidisciplinary approach, including nonsteroidal anti-inflammatory drugs (NSAIDs), disease-modifying antirheumatic drugs (DMARDs), biologics, and physical therapy, aimed at alleviating symptoms, preserving joint function, and improving quality of life.
The "Others" category within the segmentation encompasses less common presentations of psoriasis, such as guttate psoriasis, pustular psoriasis, and erythrodermic psoriasis, along with variants like inverse psoriasis affecting intertriginous areas. While these forms of psoriasis may represent a smaller portion of the market, they present unique challenges and considerations in terms of treatment selection and management. Therapeutic approaches for these subtypes may involve tailored interventions, including specific topical treatments, phototherapy, or systemic medications, depending on the severity and clinical characteristics of the disease.
Global Psoriasis Therapeutics Market, Segmentation by Route of Administration
The Global Psoriasis Therapeutics Market has been segmented by Route of Administration into Oral, Parenteral/Systemic, and Topical.
Oral medications represent a common route of administration for psoriasis therapeutics, involving the ingestion of pills or capsules. These systemic treatments, such as methotrexate, cyclosporine, and acitretin, work by targeting the underlying immune dysfunction associated with psoriasis, exerting their effects throughout the body. While oral medications offer convenience and widespread availability, they may be associated with systemic side effects and require regular monitoring to ensure safety and efficacy.
Parenteral or systemic therapies involve the administration of medications via injection or infusion, bypassing the gastrointestinal tract for direct absorption into the bloodstream. Biologic agents, including tumor necrosis factor (TNF) inhibitors, interleukin inhibitors, and anti-IL-17 agents, are examples of systemic treatments that have revolutionized the management of moderate to severe psoriasis. By targeting specific immune pathways implicated in psoriasis pathogenesis, biologics offer targeted therapy with improved efficacy and reduced systemic side effects compared to traditional systemic agents.
Global Psoriasis Therapeutics Market, Segmentation by Geography
In this report, the Global Psoriasis Therapeutics Market has been segmented by Geography into five regions; North America, Europe, Asia Pacific, Middle East and Africa and Latin America.
Global Psoriasis Therapeutics Market Share (%), by Geographical Region, 2024
North America, comprising the United States and Canada, represents a significant market for psoriasis therapeutics due to high disease prevalence and robust healthcare infrastructure. The region is characterized by a strong focus on research and development, leading to the availability of innovative treatment options and advanced biologic therapies.
Europe, encompassing countries such as the United Kingdom, Germany, and France, is another key market for psoriasis therapeutics. The region benefits from established healthcare systems and a growing emphasis on personalized medicine approaches, driving demand for targeted biologic therapies and novel treatment modalities.The Asia Pacific region, including countries like China, Japan, and India, presents substantial growth opportunities in the psoriasis therapeutics market.
Market Trends
This report provides an in depth analysis of various factors that impact the dynamics of Global Psoriasis Therapeutics Market. These factors include; Market Drivers, Restraints and Opportunities.
Drivers, Restraints and Opportunities
Drivers:
- Increasing Prevalence of Psoriasis Worldwide
- Advancements in Biologic Therapies and Drug Development
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Growing Emphasis on Personalized Medicine Approaches - The Global Psoriasis Therapeutics Market is experiencing a notable driver with the growing emphasis on personalized medicine approaches. This transformative trend is reshaping the treatment landscape by recognizing the unique genetic makeup, physiological characteristics, and environmental factors that influence an individual's response to therapy.
Personalized medicine tailors treatment strategies to the specific profile of each patient, incorporating genetic markers, biomarkers, and clinical parameters into decision-making processes. In the context of psoriasis therapeutics, personalized approaches offer several compelling advantages. By elucidating the underlying molecular pathways and genetic predispositions associated with psoriasis, personalized medicine enables healthcare providers to develop targeted interventions that optimize efficacy while minimizing adverse effects.
One significant aspect of personalized medicine in psoriasis therapeutics is the identification of biomarkers associated with different subtypes of the disease. Through advanced genomic and proteomic analyses, researchers can identify biomolecular signatures indicative of specific psoriasis phenotypes, facilitating accurate diagnosis, prognostication, and personalized treatment selection. This precision medicine approach not only enhances therapeutic outcomes but also streamlines the decision-making process for clinicians, leading to more efficient and tailored healthcare delivery.
Restraints:
- High Cost of Biologic Therapies and Specialty Medications
- Treatment Resistance and Lack of Response in Some Patients
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Adverse Effects and Safety Concerns Associated with Certain Treatments - Biologic therapies, which target specific immune pathways involved in psoriasis pathogenesis, have revolutionized the treatment landscape. However, they carry potential risks such as increased susceptibility to infections, infusion reactions, and rare but serious adverse events like malignancies or autoimmune reactions. These safety concerns necessitate careful patient selection, regular monitoring, and vigilant management to mitigate risks and ensure optimal outcomes.
Systemic medications, including oral retinoids, methotrexate, and cyclosporine, are commonly used in moderate to severe psoriasis cases. While effective, these medications may cause adverse effects such as liver toxicity, renal impairment, gastrointestinal disturbances, and bone marrow suppression. Physicians must weigh the benefits against the risks and closely monitor patients for any signs of toxicity or adverse reactions.
Topical treatments, such as corticosteroids, vitamin D analogs, and calcineurin inhibitors, are preferred for mild to moderate psoriasis and localized lesions. Despite their localized application, long-term use or overuse of topical corticosteroids can lead to skin atrophy, telangiectasia, and hypothalamic-pituitary-adrenal axis suppression, highlighting the importance of judicious prescribing and regular follow-up.
Opportunities:
- Development of Targeted Biologic Therapies for Specific Psoriasis Subtypes
- Integration of Digital Health Solutions for Remote Monitoring and Patient Support
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Expansion into Emerging Markets with Untapped Potential - The Global Psoriasis Therapeutics Market presents a notable opportunity for expansion into emerging markets with untapped potential. As awareness about psoriasis increases and healthcare infrastructures develop in emerging economies, there is a growing demand for effective treatment options to address the needs of patients with psoriasis.
One key aspect driving the opportunity for expansion into emerging markets is the rising prevalence of psoriasis in these regions. As lifestyles change, urbanization progresses, and environmental factors evolve, the incidence of psoriasis is on the rise in many emerging economies. This demographic shift creates a substantial market for psoriasis therapeutics, presenting pharmaceutical companies with the opportunity to penetrate these markets and address unmet medical needs.
The expansion of healthcare infrastructure and improvements in access to healthcare services in emerging markets further enhance the opportunity for growth in the psoriasis therapeutics market. As governments and private stakeholders invest in healthcare systems, including dermatology clinics and specialty care centers, more patients gain access to diagnosis and treatment for psoriasis.
Competitive Landscape Analysis
Key players in Global Psoriasis Therapeutics Market include:
- AbbVie Inc. (U.S.)
- Novartis AG (Switzerland)
- Johnson & Johnson Services, Inc.(U.S.)
- Pfizer Inc. (U.S.)
- LEO Pharma A/S (Denmark)
- Merck & Co., Inc. (U.S.)
- Amgen Inc. (U.S.)
- Eli Lilly and Company (U.S.)
- Evelo Biosciences, Inc. (U.S.)
- UCB S.A. (Belgium)
In this report, the profile of each market player provides following information:
- Company Overview and Product Portfolio
- Key Developments
- Financial Overview
- Strategies
- Company SWOT Analysis
- Introduction
- Research Objectives and Assumptions
- Research Methodology
- Abbreviations
- Market Definition & Study Scope
- Executive Summary
- Market Snapshot, By Type
- Market Snapshot, By Route of Administration
- Market Snapshot, By Region
- Global Psoriasis Therapeutics Market Dynamics
- Drivers, Restraints and Opportunities
- Drivers
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Increasing Prevalence of Psoriasis Worldwide
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Advancements in Biologic Therapies and Drug Development
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Growing Emphasis on Personalized Medicine Approaches
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- Restraints
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High Cost of Biologic Therapies and Specialty Medications
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Treatment Resistance and Lack of Response in Some Patients
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Adverse Effects and Safety Concerns Associated with Certain Treatments
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- Opportunities
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Development of Targeted Biologic Therapies for Specific Psoriasis Subtypes
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Integration of Digital Health Solutions for Remote Monitoring and Patient Support
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Expansion into Emerging Markets with Untapped Potential
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- Drivers
- PEST Analysis
- Political Analysis
- Economic Analysis
- Social Analysis
- Technological Analysis
- Porter's Analysis
- Bargaining Power of Suppliers
- Bargaining Power of Buyers
- Threat of Substitutes
- Threat of New Entrants
- Competitive Rivalry
- Drivers, Restraints and Opportunities
- Market Segmentation
- Global Psoriasis Therapeutics Market, By Type, 2021 - 2031 (USD Million)
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Plaque Psoriasis
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Psoriatic Arthritis
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Others
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- Global Psoriasis Therapeutics Market, By Route of Administration, 2021 - 2031 (USD Million)
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Oral
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Parenteral/Systemic
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Topical
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- Global Psoriasis Therapeutics Market, By Geography, 2021 - 2031 (USD Million)
- North America
- United States
- Canada
- Europe
- Germany
- United Kingdom
- France
- Italy
- Spain
- Nordic
- Benelux
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australia & New Zealand
- South Korea
- ASEAN (Association of South East Asian Countries)
- Rest of Asia Pacific
- Middle East & Africa
- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
- Latin America
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- North America
- Global Psoriasis Therapeutics Market, By Type, 2021 - 2031 (USD Million)
- Competitive Landscape
- Company Profiles
- AbbVie Inc. (U.S.)
- Novartis AG (Switzerland)
- Johnson & Johnson Services, Inc.(U.S.)
- Pfizer Inc. (U.S.)
- LEO Pharma A/S (Denmark)
- Merck & Co., Inc. (U.S.)
- Amgen Inc. (U.S.)
- Eli Lilly and Company (U.S.)
- Evelo Biosciences, Inc. (U.S.)
- UCB S.A. (Belgium)
- Company Profiles
- Analyst Views
- Future Outlook of the Market