The intense need for in-depth understanding of the “Psoriasis Treatment Market -Forecast to 2022″ coupled with its high growth potential necessitated the development of this report by Market Research Future. The report specifically focuses on the key industry development trends and forces that shapes the market, but not limited to only commercial nature, but which encompasses a broad range such as social, technological and others. The psoriasis treatment market has been evaluated to be growing with a CAGR of ~7.3% during the forecasted period of 2016 to 2022.
MarketResearchFuture.com adds “Psoriasis Treatment Market -2018 Global Analysis, Growth, Trends and Opportunities Research Report Forecasting to 2022” reports to its database.
Test the market data and market information presented through more than 60 market data tables and figures spread over 80 pages of the project report. Avail the in-depth table of content (TOC) & market synopsis on “The Global Psoriasis Treatment Market Research Report – Forecast till 2022”.
Depending on the geographic region, psoriasis treatment market is segmented into four key regions which includes Americas, Europe, Asia Pacific, and Middle East & Africa. Globally developed countries led by North America is the largest market for psoriasis treatment. Europe is the second largest market for psoriasis treatment. Developing regions such as Asia Pacific and Middle East & Africa are also high growing market of psoriasis.
Globally North America is the largest market of global psoriasis treatment. Europe is the second largest market for global psoriasis treatment. However the developing market is Asia Pacific that will be the fastest growing region and will be the key to the future.
The report of global psoriasis treatment market by Market Research Future comprises extensive primary research along with detail analysis of qualitative as well as quantitative aspects by various industry experts and key opinion leaders to gain a deeper insight of the market and industry performance. The report gives a clear picture of current market scenario which includes past and estimated future market size in terms of value & volume, technological advancement, macro economical and governing factors in the market. The report provides detail information about and strategies followed by top key players in the industry. The report also gives a broad study of different markets segments and regions.
Some of the key players of this market are namely Novartis International AG, Johnson & Johnson, Pfizer Inc, Merck and Co. Inc, AbbVie and Amgen and Eli Lilly.
Psoriasis is a chronic non-communicable disorder in which the immune system sends wrong signals directing skin cells to grow too quickly which results in patches of skin to be deposited on the body surface. Psoriasis mostly affects the knees, elbows and scalp, although other body parts may also be affected. Adults over 50 years are more prone to develop psoriasis and it also affects Caucasians disproportionately. Symptoms include pain, disfiguration and partial disability. The patient also suffers from social stigma and exclusion. The cause of psoriasis is unknown but risk factors include genetics, autoimmune diseases along with environmental factors such as pollution, exposure to allergens, chemicals etc. The greater concern is likelihood of patients with psoriasis developing cardiac disorders and chronic psoriatic arthritis. WHO estimates that psoriasis affects about 100 million people with prevalence rates ranging from 0.09% to 11.43% in different countries of the world. Plaque psoriasis is the most common form of psoriasis affecting 90% of all cases of psoriasis.
The market for global psoriasis treatment is rising due to market driving factors such as rise in screening and growing prevalence of psoriasis. For example, the data from National Health and Nutrition Examination Survey revealed that in the United States prevalence of psoriasis increased from 1.62% to 3.10% from 2004 to 2010. Other market driving factors for the global psoriasis treatment market is rise in risk factors such as autoimmune diseases, diabetes etc.; greater exposure to environmental factors such as exposure to chemicals, allergens etc. along with growing awareness and screening of psoriasis. Critical market constraints include lack of effective and permanent curative treatment since most treatment is of symptomatic nature. Other market restraints include high cost of drug development which raises the cost of drug, patent expiry of a number of blockbuster drugs such as humira, enbrel and remicade, etc. side effects associated with present medications such as hypertension, liver and kidney damage etc. The advent of biosimilars also hampers growth of the market.
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The psoriasis treatment market also favours companies with strong research pipeline which is reflected in the latest market trends by the launch of novel acting biologics such as TNF-α inhibitors, IL-17 inhibitors etc. Thus, product development is the critical strategy required to be followed to become a market leader in global psoriasis treatment market.
Rise in screening and growing prevalence of psoriasis remains the most critical market driving factor of the global psoriasis treatment market. In general an upward trend is observed in several countries throughout the world. For example data from the national health and nutrition examination survey revealed that in United States prevalence of psoriasis increased from 1.62% to 3.10% from 2004 to 2010.
The latest market trends include huge potential reflected by novel acting biologics such as TNF-α inhibitors, IL-17 inhibitors etc. The psoriasis treatment market also favors companies with a strong research pipeline. Thus novel drug development especially involving biologics will be the best strategy and will lead to fast growth of the market along with least marketing expenditure. Thus product development is the critical strategy to be a market leader of global psoriasis treatment market.
Global psoriasis treatment market has been segmented on the basis of mechanism of action, route of administration and by drug types.
Chapter 1. Introduction
1.2 of Study
1.3 Research Objective
1.4 Assumptions & Limitations
1.5 Market Structure
Chapter 2. Research Methodology
2.1 Research Process
2.2 Primary Research
2.3 Secondary Research
Chapter 3. Market Dynamics
3.5 Macroeconomic Indicators
Chapter 4. Market Factor Analysis
4.1 Porter’s Five Forces Model
4.1.1 Bargaining Power Of Suppliers
4.1.2 Bargaining Power Of Customer
4.1.3 Intensity Of Competitor’s
4.1.4 Threat Of New Entrants
Chapter 5. Global Psoriasis Treatment Market, By Mechanism of Action
5.2 TNF Inhibitors
5.3 Phosphodiesterase Inhibitors
5.4 Interleukin Blockers
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