The Psoriatic Arthritis Treatment Market is experiencing significant growth, driven by the increasing prevalence of psoriatic arthritis, advancements in biologic therapies, and growing awareness of the condition. The market size was USD 9.97 billion in 2023 and is expected to reach USD 24.87 billion by 2031, expanding at a compound annual growth rate (CAGR) of 12.1% over the forecast period from 2024 to 2031.
Scope, Analysis, Emerging Trends, Challenges, and Opportunities
This article provides a comprehensive analysis of the Psoriatic Arthritis Treatment Market, highlighting its scope, emerging trends, challenges, and opportunities, along with key takeaways and recent developments in the field.
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Psoriatic Arthritis Treatment Market Segments
By Drug Class
- TNF Inhibitors
- Interleukin Inhibitors
- PDE4 Inhibitors
- NSAIDs
- DMARDs
- Others
By Route of Administration
- Oral
- Injectable
- Topical
By Distribution Channel
- Hospital Pharmacies
- Retail Pharmacies
- Online Pharmacies
The Major Key Players in Psoriatic Arthritis Treatment Market
- AbbVie Inc.
- Pfizer Inc.
- Novartis AG
- Johnson & Johnson
- Amgen Inc.
- Eli Lilly and Company
- UCB S.A.
- Merck & Co., Inc.
- Bristol-Myers Squibb Company
- Celgene Corporation
Report Scope
The Psoriatic Arthritis Treatment Market covers a range of therapeutic classes such as TNF inhibitors, interleukin inhibitors, PDE4 inhibitors, NSAIDs, and DMARDs. The market addresses various routes of administration including oral, injectable, and topical, and spans multiple distribution channels like hospital pharmacies, retail pharmacies, and online pharmacies.
Market Analysis
With a valuation of USD 9.97 billion in 2023, the Psoriatic Arthritis Treatment Market is anticipated to grow to USD 24.87 billion by 2031. This growth is attributed to the increasing adoption of biologic therapies, the introduction of new treatment modalities, and rising patient awareness and diagnosis rates. The expansion of healthcare infrastructure and the growing acceptance of biosimilars also contribute to market growth.
Emerging Trends and Opportunities
- Advancements in Biologics: Continuous innovation in biologic therapies is leading to more targeted and effective treatments for psoriatic arthritis, driving market growth.
- Biosimilars Gaining Traction: The introduction and rising adoption of biosimilars are expected to lower treatment costs and increase accessibility to advanced therapies.
- Focus on Personalized Medicine: The integration of genetic profiling and biomarker testing is enhancing personalized treatment approaches, improving patient outcomes and market expansion.
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Table of Content
- Introduction
- Research Methodology
- Psoriatic Arthritis Treatment Market Dynamics
- Impact Analysis (COVID-19, Ukraine-Russia War, Ongoing Recession on Major Economies)
- Value Chain Analysis
- Porter’s 5 Forces Model
- PEST Analysis
- Psoriatic Arthritis Treatment Market Segmentation, By Drug Class
- Psoriatic Arthritis Treatment Market Segmentation, By Route of Administration
- Psoriatic Arthritis Treatment Market Segmentation, By Distribution Channel
- Psoriatic Arthritis Treatment Market – Regional Analysis
- Company Profile
- Competitive Landscape
- Use Case and Best Practices
- Conclusion
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