Systemic Psoriasis Therapeutic Market Scope
Psoriasis is a common chronic autoimmune inflammatory skin disease that affects 2 to 3% of the global population. Thickened, erythematous, scaly plaques that are often pruritic are typical symptoms of the disease. Psoriasis typically appears in early adulthood (between the ages of 15 and 25 years), but it can strike at any age. Psoriasis progresses through chronic and acute phases, with varying relapse and remission rates. Furthermore, psoriasis is frequently associated with other comorbidities such as psoriatic arthritis, obesity, inflammatory bowel disease, diabetes, and cardiovascular disease. Chronic plaque psoriasis is the most common clinical psoriasis phenotype, accounting for all but 10% of cases. Systemic treatment with biological agents, nonbiologic agents, and phototherapy are all options for more widespread diseases. Nonbiologic systemic therapies may be effective, but they can have serious short- and long-term side effects (hepatotoxicity, nephrotoxicity, hypertension, dyslipidemia, malignancy, and teratogenicity). Although considered one of the safer therapeutic options, phototherapy requires strict adherence, and the long-term toxicity associated with it includes photocarcinogenesis.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
Key Companies Profiled | AbbVie Inc. (United States), Novartis AG (Switzerland), Johnson & Johnson Services, Inc. (United States), Pfizer Inc. (United States), LEO Pharma A/S (Denmark), Merck & Co., Inc. (United States), Amgen Inc. (United States), Eli Lilly and Company (United States), Evelo Biosciences, Inc. (United States) and UCB S.A. (Belgium) |
CAGR | % |
To entice more end users, market players are focusing on providing Systematic psoriasis therapeutics with higher quality while adhering to all regulatory standards. In the global Systematic psoriasis therapeutics market, there are numerous large and small-scale service providers. They are also concentrating on the implementation of numerous advanced technologies in the development of better scents. Furthermore, the numerous industry profits have led to the entry of new players, raising the level of rivalry in an already competitive market. The Systematic psoriasis therapeutics market is currently expanding due to the rapid advancement of the pharmaceutical industry and increase in investment in R&D. Some of the key players in this market follow strategies, which include new product offerings, and products approvals, partnerships and alliances, mergers, and acquisitions, and business expansions. Research Analyst at AMA estimates that United States Players will contribute to the maximum growth of Global Systemic Psoriasis Therapeutic market throughout the predicted period.
AbbVie Inc. (United States), Novartis AG (Switzerland), Johnson & Johnson Services, Inc. (United States), Pfizer Inc. (United States), LEO Pharma A/S (Denmark), Merck & Co., Inc. (United States), Amgen Inc. (United States), Eli Lilly and Company (United States), Evelo Biosciences, Inc. (United States) and UCB S.A. (Belgium) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research are Sun Pharmaceutical Industries Ltd. (India).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Systemic Psoriasis Therapeutic market by Type and Region with country level break-up.
On the basis of geography, the market of Systemic Psoriasis Therapeutic has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
region held largest market share in the year 2021.
Market Leaders and their expansionary development strategies
In May 2020, AbbVie, a research-based global biopharmaceutical company, announced today that it has completed its acquisition of Allergan plc following receipt of regulatory approval from all government authorities required by the transaction agreement and approval by the Irish High Court.
In January 2022 AbbVie today announced the U.S. Food and Drug Administration (FDA) has approved SKYRIZI® (risankizumab-rzaa) for the treatment of adults with active psoriatic arthritis (PsA), a systemic inflammatory disease that affects the skin and joints and impacts approximately 30 percent of patients with psoriasis.
The American Academy of Dermatology has issued treatment guidelines for psoriasis. As previously stated, topical agents, as well as targeted phototherapy, are effective treatments for the limited disease. There are no clear guidelines for selecting first-line therapy when treating patients with more extensive disease, despite the fact that the presence of concomitant psoriatic arthritis is an important determinant of treatment choice (often a TNF-alpha inhibitor with or without methotrexate). Guidelines recommend either biologic or nonbiologic systemic agents or phototherapy with ultraviolet B (UVB) or psoralen plus ultraviolet A (PUVA) therapy for patients with widespread disease. There are few direct comparative trials comparing effectiveness within or between biologic and nonbiologic classes.
Systemic Psoriasis Therapeutic Market Dynamics:
Attributes | Details |
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Trends Influencing Market | - Rising Advancement in Biotechnology and Drugs.
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Key Restraints | - The Drugs Used in this Treatment can Cause Side Effects.
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Challenges | - The Rising Mutation of Disease.
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Market Opportunities | - The Effectiveness of Current Treatments Hints at the Possibility of a Cure Further Down the Line.
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Key Target Audience
Pharmaceutical companies, New Entrants and Investors, Venture Capitalists, Government Bodies, Corporate Entities, Government and Private Research Organizations and Others