Pharmaceuticals

Global Psoriatic Arthritis Treatment Market Overview And Prospects

November 22, 2021 by The Business Research Company

Learn about the global psoriatic arthritis treatment market through The Business Research Company, which provides information on psoriatic arthritis treatment market size, psoriatic arthritis treatment market drivers and restraints, psoriatic arthritis treatment market players, the COVID-19 impact on the psoriatic arthritis treatment market, and more.

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The global psoriatic arthritis treatment market is expected to grow from $7.26 billion in 2020 to $7.89 billion in 2021 at a compound annual growth rate (CAGR) of 8.7%. The growth is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The psoriatic arthritis treatment market is expected to reach $11.34 billion in 2025 at a CAGR of 9%.

The rise in the prevalence of psoriasis & psoriatic arthritis disease is expected to drive innovation in psoriatic arthritis treatment, thus driving the market during the forecast period.

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The psoriatic arthritis treatment market consists of the sale of psoriatic arthritis drugs used for the treatment of psoriatic arthritis by entities producing drugs for psoriatic arthritis. Psoriasis arthritis is a chronic inflammatory joint disease that is associated with psoriasis, whose symptoms vary from person to person.

Global psoriatic arthritis treatment market segments include:

By Drug Class: Nonsteroidal Anti-Inflammatory Drugs (NSAIDs), Disease-Modifying Anti-Rheumatic Drugs (DMARDs), Biologics, Others

By Route Of Administration: Oral, Parenteral, Topical

By Distribution Channel: Hospital Pharmacies, Retail Pharmacies, Online Pharmacies

By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.

The development of novel drugs such as Janus kinase (JAK) inhibitors for treating psoriatic arthritis is shaping the market. Janus kinase (JAK) inhibitors are orally administered small molecules emerging as a novel treatment for psoriatic arthritis patients. There are three JAK inhibitors approved for the treatment of autoimmune diseases – tofacitinib, baricitinib, and upadacitinib. Among them, Xeljanz (tofacitinib) and Xeljanz (tofacitinib) XR are the first Janus kinase (JAK) inhibitors that have been approved by the Food and Drug Administration (FDA) and the European Medicines Agency (EMA). They are used to treat adult patients with active psoriatic arthritis (PsA), who have had an inadequate response or intolerance to methotrexate or other disease-modifying antirheumatic drugs (DMARDs).

TBRC’s psoriatic arthritis treatment market report covers:

Major Market Players: AbbVie, Amgen, Johnson & Johnson, Bristol-Myers Squibb Company, Celgene Corporation, Novartis, Eli Lilly And Company, Pfizer, UCB Biosciences Inc, and Hoffmann La Roche Ltd.

Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.

Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)

The Psoriatic Arthritis Treatment Global Market Report 2021: COVID-19 Growth and Change to 2030 is one of a series of new reports from The Business Research Company that provides psoriatic arthritis treatment market overviews, analyzes and forecasts market size, share, psoriatic arthritis treatment market players, psoriatic arthritis treatment market segments and geographies, leading competitor revenues, profiles and market shares.

TBRC’s psoriatic arthritis treatment market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

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