Dublin, June 03, 2021 (GLOBE NEWSWIRE) -- The "Psoriasis Drugs Market Research Report: By Type, Mechanism of Action, Route of Administration - Global Industry Analysis and Demand Forecast to 2030" report has been added to ResearchAndMarkets.com's offering.
Global psoriasis drugs market size will likely grow to $53,210.6 million by 2030 from $14,504.0 million in 2020, at a 14.0% CAGR between 2021 and 2030, according to the market research report.
In 2020, 125 million people around the world had psoriasis, compared to 100 million in 2016, as per the National Psoriasis Foundation.
A wide range of conditions and diseases can result in psoriasis, including strep throat, cold, dry weather, cuts, scrapes, bug bites, severe sunburn, stress, smoking and exposure to second-hand smoke, family history of psoriasis, and heavy alcohol consumption. Another key driver for the psoriasis drugs market is the booming geriatric population, since the disease is most common in the elderly.
The impact of COVID-19 on the psoriasis drugs market has been negative on account of the shutting down of cosmetic clinics and dermatology departments of hospitals during the initial period. Moreover, financial distress forced people to only spend on essential stuff, including food and important healthcare services. However, the launch of several drugs for the disease recently helped the market recover to a significant extent.
The biologic drugs category is expected to witness the fastest growth in the psoriasis drugs market in the coming years, based on type. With the increasing knowledge of the immunopathogenesis and genetics associated with the diseases, better biologic drugs are being created, which not only treat psoriasis but also lower the risk of its comorbidities, including inflammatory bowel disease (IBD), psoriatic arthritis (PsA), and cancers.
In the past, the psoriasis drugs market was dominated by the interleukin inhibitors category, on the basis of mechanism of action (MoA). On account of the rising prevalence of this disease and autoimmune conditions, the demand for interleukin inhibitors is increasing. These drugs reduce the degree of the immune response, by targeting immune signaling molecules, or cytokines, which prevents the occurrence of psoriasis.
In the years to come, the highest CAGR in the psoriasis drugs market is predicted to be seen in the Asia-Pacific (APAC) region.
List of Major Drugs and Their Manufacturers
Recent Strategic Developments of Key Players
Product Launches and Approvals
Bristol-Myers Squibb Company
Johnson & Johnson
Merck & Co. Inc.
Eli Lilly and Company
Bausch Health Companies Inc.
LEO Pharma A/S
Key Topics Covered:
Chapter 1. Research Background
Chapter 2. Research Methodology
Chapter 3. Executive Summary
Chapter 4. Voice of Industry Experts/KOLs
Chapter 5. Market Indicators
5.1 Dermatology Drugs Market - The Parent Market
Chapter 6. Definition of Market Segments
6.1 By Type
6.1.1 Biologic Drugs
6.1.2 Small-Molecule Systemic Drugs
6.1.3 Topical Therapies
6.2 By MoA
6.2.1 TNF-Alpha Inhibitors
6.2.2 PDE4 Inhibitors
6.2.3 Interleukin Inhibitors
6.3 By RoA
Chapter 7. Industry Outlook
7.1 Market Dynamics
22.214.171.124 Increasing number of product approvals
126.96.36.199 Rising geriatric population
188.8.131.52 Increasing prevalence of psoriasis
184.108.40.206 Growing awareness about psoriasis
220.127.116.11 Extensive pipeline of psoriasis drugs
18.104.22.168 Impact analysis of drivers on market forecast
22.214.171.124 Patent expiry of some popular drugs
126.96.36.199 Side-effects of certain classes of therapeutic drugs
188.8.131.52 Impact analysis of restraints on market forecast
184.108.40.206 Huge potential in emerging markets
7.2 Impact of COVID-19
7.2.1 Porter's Five Forces Analysis
Chapter 8. Global Market Size and Forecast
Chapter 9. North America Market Size and Forecast
Chapter 10. Europe Market Size and Forecast
Chapter 11. APAC Market Size and Forecast
Chapter 12. LATAM Market Size and Forecast
Chapter 13. MEA Market Size and Forecast
For more information about this report visit https://www.researchandmarkets.com/r/d0chin
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