Expert Market Research’s new report titled ‘Global Psoriatic Arthritis Treatment Market Report and Forecast 2021-2026’, gives an in-depth analysis of the global psoriatic arthritis treatment market, assessing the market in based on drug class, product type, route of administration, and major regions. The report tracks the latest industry trends and studies their impact on the overall market. It also assesses market dynamics, covering key demand and price indicators, as well as market analysis based on SWOT and Porter’s Five Forces models.
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Key highlights of the report include:
Market Overview (2016-2026)
- Historical market size (2020): 8.4 billion USD
- Forecast CAGR (2021-2026): 9.8%
In addition to the increase in biologic and biosimilar therapies, there is an increase in the prevalence of psoriatic arthritis and an increase in R&D activities to develop new drugs for the treatment of psoriatic arthritis. There is also an increase in demand for psoriatic arthritis treatment products, as well as an increase in the elderly population. High treatment costs and lack of standardized diagnostic technologies, on the other hand, are expected to restrain the expansion of the market.
Industry definition and major segments
Psoriatic arthritis is an inflammatory joint disease related to spondyloarthritis caused by psoriasis. Both the skin and the musculoskeletal systems are affected. Both genetics and environment play a role in its development. Symptoms of psoriatic arthritis include swollen toes, fingers, and joints, as well as pitted nails and discomfort.
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Based on its drug class, the market can be broadly classified as follows:
Based on its product type, the market can be divided into:
The different routes of administration available for the treatment of psoriatic arthritis are:
Regional markets for the product include North America, Europe, Asia-Pacific, Latin America, Middle East and Africa.
More than half of the revenue share was captured by biologics in the psoriatic arthritis (PR) treatment market. The drug class is likely to grow at the fastest rate over the forecast period and maintain its dominance. Segment growth is expected to be supported by strong commercial performance of existing products and upcoming releases from potential pipeline leads.
North America and Europe accounted for more than half of total sales. North America dominated regional markets, primarily due to product sales in the United States. There is also a large pool of patients and major manufacturers supporting the expansion of the PA treatment market. Asia-Pacific is expected to be one of the fastest growing regions. Biosimilars are a critical growth engine in emerging economies, including China, India and South Korea. Regional expansion is also likely to be influenced by overall economic development, improved healthcare infrastructure, increased disposable income and consumer awareness.
Main market players
Major market players include AbbVie Inc., Amgen, Inc., Johnson & Johnson Services, Inc., Bristol-Myers Squibb Company, Celgene Corporation, Novartis International AG, Eli Lilly and Company, Pfizer, Inc., UCB SA, and AstraZeneca plc, among others. The report covers market shares, capacities, expansions, investments, and mergers and acquisitions, among other latest developments of these market players.
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* At Expert Market Research, we always strive to give you the latest information. The figures in the article are only indicative and may differ from the actual report.