Psoriatic Arthritis Therapeutics Drug Market: Introduction
The market for treating psoriatic arthritis, which is expanding rapidly, is the subject of this report. The research provides a roadmap for the psoriatic arthritis treatment market, which will influence and transform our lives over the next ten years and beyond. It also discusses how the market will react to the global pandemic issue.
The major factors driving the growth of the global psoriatic arthritis treatment market are the rise in biologic and biosimilar therapies, rise in psoriatic arthritis prevalence, surge in R&D activities to develop novel drugs for the treatment of psoriatic arthritis, rise in demand for psoriatic arthritis treatment products, rise in geriatric population, strong pipeline of biologic & biosimilar products, and rise in awareness regarding psoriatic arthritis treatment. Growing awareness of advanced biologics and biosimilars is one of the main drivers boosting the global market’s revenue growth, along with the target disease’s increasing prevalence on a global scale. The rise in chronic or long-term skin disorders, including psoriasis, people with psoriasis’ increased vulnerability to psoriatic arthritis, the world’s ageing population, and the prevalence of target illnesses are all contributing to the worldwide active psoriatic arthritis market’s revenue growth. People with the chronic skin disorder psoriasis frequently get psoriatic arthritis.
Psoriatic Arthritis Therapeutics Drug Market: Overview
Psoriatic Arthritis Therapeutics Drug Market size was valued at $6.35 Billion in 2019 & is projected to reach $13.12 Billion by 2027, at a CAGR of 9.5% in forecast period.
Some persons with psoriasis, a condition that causes red skin patches with silvery scales, may experience psoriatic arthritis, a kind of arthritis. The majority of people first experience psoriasis before being identified as having psoriatic arthritis. But occasionally, joint issues start out before skin patches do. When the immune system starts attacking healthy cells and tissue, this disorder starts to take shape. The excessive generation of skin cells and joint inflammation are both brought on by the aberrant immune response.
Obesity is one of the main variables that can aggravate the onset of psoriatic arthritis. Nearly 37% of Americans, as determined by OECD data from 2017, were considered obese, and according to the analysis, that number will rise to 47% by 2030. Consequently, it is anticipated that the risk of psoriatic arthritis will rise as the incidence of obesity grows. In addition, bad lifestyle choices including excessive drinking and smoking are risk factors for the onset of psoriatic arthritis. Furthermore, this market’s expansion is anticipated to be fueled by the creation of novel therapeutic approaches.
Key Benefits for Stakeholders:
- The study offers a thorough analysis along with current market trends for treating psoriatic arthritis and projections for the future to highlight potential investment opportunities.
- It provides a market study for psoriatic arthritis treatments from 2018 to 2026, which is designed to help the stakeholders take advantage of the current market opportunities.
- The four primary regions are thoroughly examined to identify the current prospects.
- To comprehend the competitive landscape and the expansion of the global market for psoriatic arthritis treatments, the profiles and growth strategies of the leading players are carefully examined.
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Psoriatic Arthritis Therapeutics Drug Market: Segmentation
key players:
- AbbVie
- Janssen Biotech
- Novartis
- Amgen
- CELGENE CORPORATION
- Pfizer
- Eli Lilly
- UCB
- Biogen
- Bristol-Myers Squibb
By Type:
- NF Inhibitors
- Interleukin Inhibitors
- PDE4 Inhibitors
- Others
By Application:
- Hospital Pharmacies
- Retail Pharmacies
- Online Pharmacies
By Regions:
- North America
- Europe
- China
- Japan
- Middle East and Africa
- South America
- India
- South Korea
- Southeast Asia
- Others
COVID-19 Impact:
The financial standing of companies in all industries has been harmed by the COVID-19 outbreak and lockdown in numerous nations throughout the world. One industry particularly affected by the epidemic is the private healthcare sector. For instance, rheumatologists, dermatologists, infectious disease experts, and patient research partners stated in a report that was published in March 2021 in The Journal of Rheumatology that the telehealth experience overall was successful and that data did not indicate that having PsD or its treatment significantly increased risk of infection or more severe disease course.
FAQs:
- What is the driving factor for the growth of the Psoriatic Arthritis Therapeutics Drug Market?
- How will the COVID-19 pandemic impact the demand and consumption of the Psoriatic Arthritis Therapeutics Drug Market?
- What is the major application area of the Psoriatic Arthritis Therapeutics Drug Market?
- Who are the Medicinal Magnesium Hydroxide Paste manufacturers across the globe?
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- Which are the top industry players in the Psoriatic Arthritis Therapeutics Drug Market?
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