Global Psoriasis Drug Market Analysis

$3,500.00$7,500.00

  • Type: Common Disease Area
  • Published : March 2021
  • Region: Worldwide
  • Country: Other
  • Report ID : 314

  • Format: PPT, PDF

Global Psoriasis Drug Market – Size, Share, Impact, Growth, Trends, And Forecasts (2019 – 2028)

Clear

Report Overview

The Global Psoriasis drugs market size stood at USD 20.09 billion in 2019 and is projected to reach USD xx billion by 2028, exhibiting a CAGR of xx% during the forecast period.

The psoriasis drugs market consists of sales of psoriasis drugs. Psoriasis is a persistent skin disorder that causes distress and pain through patches of abnormal skin. Psoriasis can be caused due to injuries to the skin, medications, genetics, infection, diet, weather, etc.

Combination therapy is an emerging trend in the psoriasis market. Combination therapy is an f treatment that combines two different psoriasis treatments at the same time. When two drugs with different mechanisms of action are combined (combination therapy), the effect is greater than that obtained by monotherapy (treatment with a single drug)

Market Growth Drivers

The rise in psoriasis patients in the past few years can be mainly attributed to climate change, stress, and unhealthy lifestyle. According to the World Psoriasis Day consortium, 125 million people globally – 2 to 3 percent of the total population have psoriasis.

The high cost of psoriasis therapy is a restraint for the psoriasis market. According to a study conducted by JAMA Dermatology in 2019, the typical psoriasis treatments with biologics are very costly, ranging between $10,000 and $25,000 per year. The high cost is because patent protections are preventing many alternative drugs.

1. Global Psoriasis Market Overview……….………………..………………………………………….
A. Market Size
2. Market Growth Drivers……………………………………………………………………………………….
A. Rise in Global Prevalence of Psoriasis
B. Growing R&D Investments and Reimbursement Policies
3. Major Psoriasis types – Market Analysis…………….……………………….….…………..
A. Plaque Psoriasis
B. Psoriatic Arthritis
C. Others
4. Psoriasis Market Segmentation…….……………………………..………………………………….
A. Drug Class
I. Interleukin Inhibitors
II. Corticosteroids
III. Anti-inflammatory
IV. Tumour Necrosis Factor Inhibitor
B. Geography
I. North America Market Analysis
II. Europe Market Analysis
III. Asia-Pacific Market Analysis
IV. Middle East and Africa Market Analysis
C. Distribution Channel
I. Hospital Pharmacies
II. Retail Pharmacies
III. Online Pharmacies
IV. Others
5. Psoriasis Drugs 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. Eli Lilly and Company overview, Product & Services, Strategies & Financials
B. Johnson and Johnson Company overview, Product & Services, Strategies & Financials
C. Pfizer 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 market
B. Future Opportunities
10. Conclusion

 

 

 

Market Segmentation

By Class:

The market has been divided into tumor necrosis factor (TNF)-inhibitors, interleukin inhibitors, and others. TNF inhibitors were the leading therapeutic class in the psoriasis drugs market in 2016. However, they are likely to lose shares over the forecast. The marketed TNF-inhibitors used for psoriasis are Humira (adalimumab), Enbrel (etanercept), Remicade (infliximab), and Cimzia (certolizumab pegol).

Interleukin (IL) inhibitors are expected to witness the fastest growth over the forecast period due to their improved safety and efficacy profiles and rising adoption among end-users. Cosentyx (secukinumab), Taltz (ixekizumab), Stelara (ustekinumab), Siliq (brodalumab), Tremfya (guselkumab), and Ilumya (tildrakizumab) are approved as interleukin inhibitors for psoriasis.

The need for efficient and long-lasting drugs is a key driver pushing the market growth. The IL-mode of therapy is beneficial to patients who are intolerant or contraindicated to TNF-α inhibitor therapy. The rising adoption of IL-inhibitor therapy and patent expiries of major TNF-inhibitor drugs such as Humira and Remicade are some of the contributing factors for declining TNF-inhibitor shares in the psoriasis therapeutic space.

By Distribution Channel:

Based on the distribution channel, the market has been segregated into hospitals, retail, online and other pharmacies.

By Region:

In terms of region, the global Cannabis market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The regions have been divided into major countries and sub-regions.

Major Players

Some of the key players operating in this market are AbbVie Inc.; Amgen Inc.; Johnson & Johnson; Novartis AG; Eli Lilly & Company; AstraZeneca; Celgene Corporation; UCB; and Merck. Several companies, such as Boehringer Ingelheim and LEO Pharma, are emerging as promising players in the market.

Companies are focused on business expansion in developing regions or emerging markets such as India, China, and South Korea, by adopting strategies including alliances and acquisitions for the development of novel products. The emergence of biosimilars is also a trend that is being increasingly adopted by these companies.

 

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”.

Our analysis methodology involves three critical stages:

Stage I: Market Data Collection

Primary Interviews: We have developed a network of experts, freelancers and researchers across countries through which we engage with local experts to gather key data points and assumptions around each market. We also engage regularly with some of the best market research agencies such as Atheneum, GuidePoint, GLG, etc. to conduct surveys and interviews, and build intelligence. We have language translators as a part of our team, who between them can cover 30+ languages allowing us to extract better local insights.

Secondary Data Collection: We have developed strong expertise and experience in secondary data collection methods for developing unique data sets and research material. We gather data from multiple reliable sources to maintain the high level of accuracy and consistency. The market data is analysed and forecasted using appropriate statistical and coherent models. The report offers an overall analysis of the market size, growth, market share as well as segment-level analysis of the specific market. Our report includes precise, to the point information related to the overall market, competition, growth drivers, challenges, regulatory updates, and competition.

Data Sources: We have access to multiple highly reliable free and subscription data sources. We have many years of experience to understand which sources are more dependable for what and which to prefer for the reliable and latest information. The key sources of information include the following, but are not limited to:

  • Statistical Databases
  • Company Websites/Annual Reports
  • Trade Publications
  • Online Databases
  • Published Research Reports
  • Whitepapers
  • Press Releases of Key Market Players

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

Insights: Our reports deliver actionable insights backed with supporting facts and figures to assist you in achieving exemplary growth. Our in-depth analyses are interspersed with relevant insights and statistics to offer an executive-level view of a given market. The description helps in correlating many minor factors affecting the market and its impact to the different segments within the market.
Data curated from the analysis and interpretation are drawn to portray all in one consolidated report.

Presentation & Reporting: The market research report is presented in different forms such as charts by using a scientific approach for easy understanding. Historic, current and future analysis is provided for each market in terms of both value and volume. The size of the market is interpreted in the US Dollar value and the respective unit, based on the product, for volume consumptions.
The foreign exchange rates are calculated on the respective dates and for the respective regions covered in the study.

To request a free sample copy this report, please complete the form below.

    We value your inquiry and offer free customization with every report to fulfil your exact research needs.

    This website is secure and your personal details are safe.



    This report addresses

    • Market intelligence to enable effective decision making
    • Growth opportunities and trend analysis
    • Competitive benchmarking
    • Historical data & forecasts
    • Regional opportunities

    Need more?

    • Speak to our analyst to know how this research was put together
    • Add more countries or regions as part of customisation
    • Understand how this report can have direct impact on your revenue

    Get a custom report based on your requirements