South Korea Psoriasis Treatment Market Analysis


  • Type: Common Disease Area
  • Published : June 2021
  • Region: Asia
  • Country: South Korea
  • Report ID : 4918

  • Format: PPT, PDF

South Korea Psoriasis Treatment Market: Segmented By Drug Class (Tumour Necrosis Factor [TNF] Inhibitors, Interleukin-Inhibitors, Corticosteroids, Vitamin D Analogues), and By Treatment Type (Topical, Systemic, Biologics)- Growth, Trends and Forecasts (2019 – 2028)

SKU: 4918 Categories: ,

Report Overview

The South Korea psoriasis treatment market size stood at around USD 27.71 million in 2019 and is projected to reach xx million by 2028, exhibiting a CAGR of around xx% during the forecast period.

Psoriasis is a chronic relapsing skin disorder that usually occurs limited to the skin but can be associated with several comorbidities, such as psoriatic arthritis, cardiovascular disease, diabetes, and fatty liver. Psoriasis is seldom life threatening, but in a modern society that cares greatly about physical appearance, patients with psoriasis may stress over their appearance. A systemic immune response is the main cause of psoriasis; due to such etiological factors, patients with psoriasis have an increased likelihood of high blood pressure and diabetes. Mortality associated with psoriasis may increase due to aggravated comorbidities when patients with psoriasis are not adequately treated.

From year 2014 till 2016 psoriasis treatment market of South Korea grew by an average of 10% every year.

Market Drivers

There are about 1.5 million patients with psoriasis in Korea as of 2018, but only about 230,000 are estimated to have received proper treatment in the hospital, which corresponds to less than 15% of all patients. The prevalence of psoriasis is expected to increase significantly mainly due to alterations in lifestyle and environmental and genetic factors. The rising prevalence population, better medical facilities, improving awareness of the disease will increase diagnosis and the treatment-receiving population, driving demand and contributing to market growth. Need for new and innovative products and launch of novel biologics will further impact the market growth.

High cost of treatment, high cost involved in drug development, patent expiry are some of the market restraints.

1. South Korea Psoriasis Treatment Market Overview…………………
A. Market Size
2. Market Growth Drivers……………………………………….
A. Rising Prevalence of Psoriasis
B. New and Improved Innovations
3. Types of Psoriasis…………………………………………………….
A. Plaque Psoriasis
B. Psoriatic Arthritis
C. Others
4. Psoriasis Treatment Market Segmentation…………………………………
A. Drug Class
I. Tumour Necrosis Factor [TNF] Inhibitors
II. Interleukin-Inhibitors
III. Corticosteroids
IV. Vitamin D Analogues
B. Treatment Type
I. Topical
II. Systemic
III. Biologics
5. Psoriasis Treatment Market Share…………………………………….
A. Market Analysis, Insights and Forecast – By Revenue
6. Competitive Landscape……………………………………………………
A. Major Players
B. Products in Pipeline
7. Key Company Profiles…………………………………………….
A. Janssen Korea Company Overview, Product & Services, Strategies & Financials
B. AbbVie Korea Company Overview, Product & Services, Strategies & Financials
C. Samsung Biologic Company Overview, 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 Treatment Market
B. Future Opportunities
10. Conclusion


Market Segmentation

By Drug Class:

On the basis of drug class, the psoriasis treatment market is segmented into tumour necrosis factor [TNF] inhibitors, interleukin-inhibitors, corticosteroids, and vitamin D analogues. TNF inhibitors include Adalimumab, Infliximab and Etanercept. Interleukin inhibitors are segmented into Ustekinumab, Secukinumab, Ixekizumab and Brodalumab. Calcitriol, Calcipotriol and Tacalcitol are vitamin D analogues.

By Treatment Type:

According to type of treatment provided, psoriasis market is segmented into topical, systemics and biologics. Topical drugs are further sub segmented into Over the counter (OTC) Topicals, Topical Non-Steroids and Topical Steroids. Retinoid, Cyclosporine and Methotrexate are the sub segments of systemic drugs.

Biologics are sub segmented into Tumour Necrosis Factor Alpha (TNF-α) Inhibitors, Interleukin 12 and 23 (IL-12/23) Inhibitors, Interleukin 17 (IL-17) Inhibitor, T cell Inhibitor.


Top Players

In order to secure a sizeable position in market domestic companies are going for mergers and new product launch incessantly. Sun Pharma and Samsung Biologics announced a strategic long-term manufacturing agreement for Tildrakizumab used for treatment of psoriasis in 2017. Janssen Korea launched a follow-up drug of psoriasis treatment Stelara (ustekinumab) in 2018. In 2019, Can-Fite BioPharma Ltd. (Israeli pharmaceutical company) has signed a distribution agreement with South Korea-based Kyongbo Pharm Co. Ltd., to distribute Can-Fite’s psoriasis treatment drug Piclidenoson. Recently in 2020, SKYRICH (risankizumab), a psoriasis treatment with an interleukin-23 (IL-23) inhibition mechanism developed by AbbVie, passed the Pharmaceutical Benefit Evaluation Committee three months after its approval in Korea and announced the launch.

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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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.

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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)

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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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