China Psoriasis Market Analysis

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  • Type: Common Disease Area
  • Published : April 2021
  • Region: Asia
  • Country: China
  • Report ID : 1633

  • Format: PPT, PDF

China Psoriasis Drugs Market Analysis: Segmented by Drug Class (Interleukin Inhibitors, Corticosteroids, Anti-Inflammatory, and Tumor Necrosis Factor Inhibitor), by Distribution Channel (Hospitals, Retail Pharmacies and E-commerce) and by Route of Administration (Oral, Tropical, and Injectable) – Growth, Trends, and Forecasts (2019 – 2028)

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Report Overview

The China Psoriasis Drugs market size stood at around USD 0.43 billion in 2019 and is projected to reach USD XX billion by 2028, exhibiting a CAGR of XX% during the forecast period.

China’s psoriasis market has grown significantly over the last few years owing to the growing use of biologics to treat the disease. We expect the market to expand further over the 2019-2028 forecast period. With the ongoing reforms in the regulatory and access and reimbursement landscape of China, multinational companies are likely to be increasingly incentivized to enter the Chinese psoriasis market.

Market Drivers

The Increase in rising healthcare expenditure, the introduction of novel and more advanced drugs, rising disease awareness, an increasing number of reimbursement strategies for biologics, and advanced diagnostic and technological tools are likely to increase the adoption of psoriasis therapeutics. Additionally, the expanding base of patients suffering from psoriasis is anticipated to fuel growth prospects. The high cost of psoriasis therapy is a restraint for the psoriasis market. Also, Combination therapy is an emerging trend in the psoriasis market.

 

1. China Psoriasis Drugs Market Overview………………………………………………….
A. Market Size
2. Market Growth Drivers………………………………………………………………….
A. Expanding the base of patients suffering from psoriasis
B. Rising disease awareness, an increasing number of reimbursement strategies for biologics and advanced diagnostic
3. Major Psoriasis Diseases………………………..……………………………………
A. Plaque Psoriasis
B. Nail Psoriasis
C. Guttate Psoriasis
D. Pustular Psoriasis
E. Erythrodermic Psoriasis
4. China Psoriasis Drugs Market Segmentation………………………………………..
A. By Drug Class
I. Interleukin Inhibitors
II. Corticosteroids
III. Anti-Inflammatory
IV. Tumor Necrosis Factor Inhibitor
B. By Distribution Channel
I. Hospitals
II. Retail Pharmacies
III. E-commerce
C. By Route of Administration
I. Oral
II. Tropical
III. Injectable
5. Psoriasis Drugs Major Market Share……………………………………
A. Market Analysis, Insights and Forecast – By Drug Type
6. Competitive Landscape…………………………………………………………………
A. Major Players
B. Products in Pipeline
7. Key Company Profiles…………………………………………………………………..
A. AbbVie Inc. Company overview, Product & Services, Strategies & Financials
B. Johnson & Johnson Company overview, Product & Services, Strategies & Financials
C. Novartis AG Company, Product & Services, Strategies & Financials
8. Healthcare Policies and Regulatory Landscape………………………………
A. Policy changes and Reimbursement scenario
9. Factors Driving Future Growth……………………………………………………
A. New Trends and Development of Psoriasis Drugs Market
B. Future Opportunities
10. Conclusion

Market Segmentation

By Drug Class:

Based on the drug type, the market is segmented into Interleukin Inhibitors, Corticosteroids, Anti-Inflammatory, and Tumor Necrosis Factor inhibitors. TNF-inhibitors are likely to lose market shares over the forecast period due to increasing preference for IL-inhibitor therapy to conventional TNF-inhibitors. Interleukin-inhibitors are expected to register a lucrative CAGR during the forecast period owing to improved safety and efficacy profiles of Interleukin-inhibiting drugs.

By Distribution Channel:

The Psoriasis drugs market is also segmented by distribution channel into Hospitals, Retail Pharmacies, and E-commerce.

By Route of Administration:

Based on the route of administration, the market is segmented into Oral, Tropical, and Injectable.

Top Major Players

The Chinese psoriasis drugs market is moderately competitive and consists of several key players such as AbbVie Inc.; Johnson & Johnson; Novartis AG; Eli Lilly & Company and Celgene Corporation. On April 02, 2019 – Novartis, a global leader in immuno-dermatology and rheumatology, announced today that the China Health Authority NMPA approved Cosentyx® (secukinumab), the first-in-class interleukin-17A (IL-17A) inhibitor for moderate-to-severe plaque psoriasis in adult patients who are candidates for systemic therapy or phototherapy.

Research Methodology

Insights10 will provide you reports within 10 key parameters which are:

  1. Market overview
  2. Market growth drivers & restraints
  3. Epidemiology or disease type
  4. Market segmentation
  5. Market share
  6. Competitive landscape
  7. Key company profiles
  8. Healthcare policies & regulatory framework
  9. Reimbursement scenario
  10. Factors driving future growth

Based on our many years of experience, we believe that these are the parameters that are critical to decision making for business stakeholders. Our focused approach to develop reports focused on 10 key parameters, enabled us to arrive at the name “Insights10”.

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Stage II: Market Data Analysis and Statistical Model

Market Trends: We generally look at macro parameter and micro indicators. The macro parameters includes changes in government policies, demand and supply of the market, government intervention programs and major market share. The micro indicators GDP growth, market size, market volume etc. We also understand nuances specific to each country like US, Canada, India, Germany, etc. and have worked across 60+ countries and hence no only understand global trends, but how these differ by country, how payment models, market structure, cultural parameters, etc. differ in each country.

Market Sizing and Analysis: Our expert data analytics team has created various market forecast models by employing the top-down approach i.e. start with large overall market and segment different areas and bottom-up approach i.e. start with population and epidemiology and roll up based on spend, etc., estimating the size of the market, and distributing among the geographic and/or product segments.

The top-down approach mainly used for new product forecasting and bottom-up approach is used for demand estimation of any product for different countries summed up to form total market. We are able to round off insights and build stronger forecasts because we always do both these methods and triangulate the final numbers.

The study on the market covers the analysis of the leading geographies such as North America, Europe, Asia-Pacific, and Africa for the period of 2020 to 2028. The qualitative analysis covers the industry landscape and trends, market opportunities, competitive landscape and policy and regulatory scenario and the quantitative analysis covers different market estimates and forecasts.

Data Triangulation & Validation:

Data triangulation of various sources and results of the research are carried out by benchmarking with reliable sources such as industry statistics, statistical databases and the company level averages etc.

We make sure to finalize the numbers in alignment to the market research. Firstly, our internal experts ensure thorough validation and checking to ensure the accurate and precise analysis and then validation is also done using multiple data analysis model.  Two level validation is done and entails finalization of report scope and to way of representation pattern.

Stage III: Interpretation and Presentation

Analysis & Interpretation: The information gathered is then analysed and synthesized. A second series of interviews are done if necessary to check and validate. The future opportunities are analysed by understanding product commercialization and many other factors. It also comprises the analysis of data discrepancies observed across various data sources. Information procured from secondary and primary results are then, interpreted by considering following parameters: (a partial list)

  • Establishing market drivers and trends
  • Analyzing regulatory landscape to understand future growth
  • Market Segment based analysis to obtain revenue / volume
  • Analyzing current needs and determining penetration to estimate market

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Data curated from the analysis and interpretation are drawn to portray all in one consolidated report.

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The foreign exchange rates are calculated on the respective dates and for the respective regions covered in the study.

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