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2020
Psoriatic Arthritis Treatment Market

Psoriatic Arthritis Treatment Market

by Drug Type (NSAIDs, DMARDs, Biologics, and Others), Type (Prescription, and OTC), and Route of Administration (Topical, Oral, and Injectable): Global Opportunity Analysis and Industry Forecast, 2019-2026
Update Available On-Demand

Report Code: A05951
Pages: 228
Jan 2020 | 5480 Views
Author(s) : Sayali Shinde , Onkar Sumant
Tables: 114
Charts: 44
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Psoriatic Arthritis Treatment Market Overview:

The psoriatic arthritis treatment market size was valued at $7,860 million in 2018, and is estimated to reach at $13,744 million by 2026, registering a CAGR of 7.2% from 2019 to 2026. 

Psoriatic arthritis is an inflammatory joint disease associated with psoriasis, which is categorized within the group of spondyloarthritis. It affects both the skin and musculoskeletal system. It is caused due to genetic and environmental factors. Swollen toes, fingers, and tender joints, lowered back pain, pitted nails, and stiffness are prevalent symptoms of psoriatic arthritis. Diagnosis of psoriatic arthritis is done by tests such as joint fluid test, X-ray, rheumatoid factor (RF), and magnetic resonance imaging (MRI). Psoriatic arthritis can be treated with drug class such as NSAIDs, disease-modifying antirheumatic drugs (DMARDs), biologics, and immunosuppressant drugs.

Psoriatic Arthritis Treatment Market

Rise in biological and biosimilar therapies, increase in prevalence of psoriatic arthritis, surge in R&D activities to develop novel drugs for the treatment of psoriatic arthritis, rise in demand for psoriatic arthritis treatment products, surge in geriatric population, strong pipeline of biosimilar & biologic products, and rise in awareness toward psoriatic arthritis treatment are the major factors that drive the growth of the global psoriatic arthritis treatment market. In addition, increase in adoption of psoriatic arthritis treatment drugs, presence of large patient pool, availability of patient assistance programs, and rise in healthcare expenditure are other factors that contribute toward the growth of the market. However, high cost of treatment and lack of standardization tools for diagnosis are expected to hinder the market growth. On the contrary, untapped potential offered by developing economies are expected to present lucrative opportunities for market expansion during the forecast period.

Psoriatic Arthritis Treatment Market Segmentation  

The global psoriatic arthritis treatment market is segmented into drug type, type, route of administration, and region. By drug type, the market is categorized into NSAIDs, DMARDs, biologics, and others. On the basis of type, the market is divided into prescription, and OTC. According to route of administration, the market is segregated into topical, oral, and injectable. Region wise, the market is studied across North America (U.S., Canada, and Mexico), Europe (Germany, France, the UK, Italy, Spain, and rest of Europe), Asia-Pacific (China, Japan, Australia, India, South Korea, and rest of Asia-Pacific), and LAMEA (Brazil, Saudi Arabia, South Africa, and rest of LAMEA).  

Segment Review 

Depending on drug type, presently, the biologics segment dominates the global psoriatic arthritis treatment market, and is anticipated to continue this trend during the forecast period. This is attributed to increase in demand & higher acceptability for innovative therapies, surge in adoption of biological therapies, and availability of generic biologic drugs. Moreover, rise in incidence of psoriatic arthritis, increase in biologics in pipeline, and advancements in biologics coupled with minimal health side effects have boosted the psoriatic arthritis treatment market growth.  

Psoriatic Arthritis Treatment Market
By Drug Type

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Biologics is projected as one of the most lucrative segment.

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According to route of administration, the injectable segment generated the highest revenue in 2018, and is expected to maintain its dominance throughout the forecast period. This is attributed to surge in R&D to develop novel drugs, increase in awareness toward psoriatic arthritis treatment, rise in healthcare budgets of developed & developing countries, increase in consumption of injectable psoriatic arthritis treatment drugs, and reimbursement available for injectable drugs.

Psoriatic Arthritis Treatment Market
By Type

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Prescription holds a dominant position in 2018 and would continue to maintain the lead over the forecast period.

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Snapshot of Asia-Pacific Psoriatic Arthritis Treatment Market  

Asia-Pacific presents lucrative opportunities for the key players operating in the psoriatic arthritis treatment market, owing to increase in awareness toward psoriatic arthritis treatment and rise in adoption of psoriatic arthritis treatment products. Moreover, improvement in healthcare infrastructure, rise in number of hospitals equipped with advanced medical facilities, development of the R&D sector, rise in healthcare reforms, and technological advancements in the field of healthcare are expected to significantly contribute toward the market growth. The other factors such as surge in focus of leading manufacturers on expanding their geographical presence in emerging Asia-Pacific countries to capture high growth opportunities, and presence of large population base are expected to drive the growth of the psoriatic arthritis treatment market in Asia-Pacific.

   

Psoriatic Arthritis Treatment Market
By Geography

2026
North America 
Europe
Asia-pacific
Lamea

Asia-Pacific region would exhibit the highest CAGR of 9.1% during 2019-2026.

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The key players profiled in this report include AbbVie Inc., Amgen Inc., Bristol-Myers Squibb Company, Celgene Corporation, Eli Lilly And Company, Johnson & Johnson, Merck & Co Inc., Novartis AG, Pfizer Inc., and UCB S.A. 

Key Benefits for Stakeholders:

  • The study provides an in-depth analysis along with the current psoriatic arthritis treatment market trends and future estimations to elucidate the imminent investment pockets.
  • It offers psoriatic arthritis treatment market analysis from 2018 to 2026, which is expected to enable the stakeholders to capitalize on the prevailing opportunities in the market.
  • A comprehensive analysis of four major regions is provided to determine the prevailing opportunities.
  • The profiles and growth strategies of the key players are thoroughly analyzed to understand the competitive outlook and global psoriatic arthritis treatment market growth.

Psoriatic Arthritis Treatment Market Report Highlights

Aspects Details
By Drug Type
  • NSAIDs
  • DMARDs
  • Biologics
  • Others
By Type
  • Prescription
  • OTC
By Route Of Administration
  • Injectable
  • Oral
  • Topical
By Region
  • North America  (U.S., Canada, Mexico)
  • Europe  (Germany, UK, Italy, Spain, Rest of Europe)
  • Asia-Pacific  (Japan, China, Australia, India, South Korea, Rest of Asia-Pacific)
  • LAMEA  (Brazil, Saudi Arabia, South Africa, Rest of LAMEA)
Key Market Players AbbVie Inc., Amgen Inc., Bristol-Myers Squibb Company, Eli Lilly And Company., Johnson & Johnson., Merck & Co Inc., Mylan N.V, Novartis AG, Pfizer Inc., UCB S.A.
 

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Psoriatic arthritis is a form of chronic inflammatory disease, which affects the fingers and toes of the patient, and gradually affects skin and nails. The clinical symptoms of psoriatic arthritis are axial disease, enthesitis, dactylitis, and peripheral arthritis. Treatment of psoriatic arthritis can be done using different drug types such as NSAIDs, DMARDs, biologics, and others.

Increase in awareness programs toward psoriatic arthritis treatment therapies, rise in prevalence of psoriatic arthritis, stressful lifestyle resulting in the overstimulation of immune system, and surge in R&D for the innovation of new products significantly boost the growth of psoriatic arthritis treatment market. Moreover, strong pipeline of biosimilar & biologic products, rise in geriatric population, presence of large patient pool, and rise in adoption of novel treatments drive the market growth. However, high treatment costs is expected to restrain the growth of the market.

North America is expected to remain dominant during the forecast period, due to increase in prevalence of psoriatic arthritis, presence of pipeline drugs under various stages of clinical trials, and increase in patient pool suffering from psoriatic arthritis. However, Asia-Pacific is expected to offer lucrative opportunities to the key players during the forecast period, due to development of the healthcare sector along with rise in demand for psoriatic arthritis treatment products.

 

 

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FREQUENTLY ASKED QUESTIONS?

A. The market value of global psoriatic arthritis treatment market was $7,860.03 million in 2018.

A. The forecast period is from 2019 to 2026.

A. The market value of global psoriatic arthritis treatment market in 2019 is $8,442.5 million.

A. The adoption of psoriatic arthritis treatment is expected to increase due to significant increase in prevalence of psoriatic arthritis, rise in demand for psoriatic arthritis pharmacotherapy, strong pipeline of biosimilar & biologic products, stressful lifestyle resulting in the overstimulation of immune system, and rise in geriatric population majorly driving the market growth

A. The base year calculated in the report is 2018.

A. Yes, Eli Lilly and Company is profiled in the report.

A. Emerging countries of Asia-Pacific region are growing at a growth% of 9.1%. Japan, China, Australia, India, South Korea are expected grow at a CAGR of 9.0%, 10.1%, 8.2%, 9.8%, 8.6% respectively.

A. The North America market held a major share in the psoriatic arthritis treatment in 2018 and is expected to continue the trend in the forecasting period. This is attributed to introduction of advanced psoriatic arthritis treatment products, increase in adoption of psoriatic arthritis treatment drugs, surge in production of biologics & generics, and rise in nongovernment & government initiatives to promote healthcare are driving the psoriatic arthritis treatment market in North America

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