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Psoriatic Arthritis Treatment Market Report and Forecast 2023-2031

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    Report

  • 160 Pages
  • May 2023
  • Region: Global
  • Expert Market Research
  • ID: 5797921
The global psoriatic arthritis treatment market value was USD 10.1 billion in 2022, driven by the prevalence of psoriatic arthritis across the globe. The market size is anticipated to grow at a CAGR of 9.8% during the forecast period of 2023-2031 to achieve a value of USD 23.5 billion by 2031.

Psoriatic Arthritis Treatment: Introduction

Psoriatic arthritis is a chronic inflammatory joint disease that affects some people who have psoriasis, which is a skin condition characterized by red, scaly patches. Psoriatic arthritis can cause joint pain, stiffness, and swelling, and it can lead to joint damage if left untreated. Psoriatic arthritis therapeutics includes a range of medications that aim to reduce joint pain, inflammation, and damage, as well as improve physical function and quality of life for patients.

The global psoriatic arthritis treatment s market is driven by the growing prevalence of psoriatic arthritis worldwide, increasing awareness of the disease among healthcare professionals and patients, and the availability of various treatment options. Biologic drugs such as TNF inhibitors, IL inhibitors, and PDE4 inhibitors are some of the most commonly used therapies for psoriatic arthritis. The market is also expected to benefit from ongoing research and development efforts to identify new targets and develop more effective and safer treatments for psoriatic arthritis.

However, high treatment costs, the potential for adverse effects, and the availability of alternative therapies may limit market growth. In addition, lack of awareness and poor diagnosis rates in some regions, particularly in low- and middle-income countries, could also hamper market growth.

Psoriatic Arthritis Treatment Market Scenario

Psoriatic arthritis is a chronic inflammatory disease that affects people with psoriasis. It is characterized by joint pain, stiffness, and swelling, and can cause irreversible joint damage if left untreated. The global psoriatic arthritis therapeutics market is driven by the increasing prevalence of psoriatic arthritis, a growing geriatric population, and the development of novel therapies.

The market is segmented by drug class, which includes nonsteroidal anti-inflammatory drugs (NSAIDs), disease-modifying antirheumatic drugs (DMARDs), biologics, and others. Biologics are expected to hold the largest market share due to their high efficacy and fewer side effects.

Geographically, North America is expected to hold the largest market share due to the high prevalence of psoriatic arthritis, high awareness, and high healthcare spending. However, the Asia-Pacific region is expected to grow at the highest CAGR due to a large patient pool, increasing awareness, and improving healthcare infrastructure.

Overall, the psoriatic arthritis therapeutics market is expected to continue to grow as new therapies are developed and the demand for effective treatments increases.

Psoriatic Arthritis Treatment Market Segmentations

Market Breakup by Drug Class

  • Nonsteroidal anti-inflammatory drugs (NSAIDs)
  • Disease-modifying antirheumatic drugs (DMARDs)
  • Immunosuppressants
  • Biological Agents
  • Others

Market Breakup by Product Type

  • Prescription
  • Over The Counter

Market Breakup by Route of Administration

  • Oral
  • Parenteral
  • Topical

Market Breakup by Distribution Channel

  • Hospital Pharmacies
  • Retail Pharmacies
  • Online Pharmacies

Market Breakup by Region

North America

  • United States of America
  • Canada

Europe

  • United Kingdom
  • Germany
  • France
  • Italy
  • Others

Asia Pacific

  • China
  • Japan
  • India
  • ASEAN
  • Australia
  • Others

Latin America

  • Brazil
  • Argentina
  • Mexico
  • Others

Middle East and Africa

  • Saudi Arabia
  • United Arab Emirates
  • Nigeria
  • South Africa
  • Others

Key Trends in the Psoriatic Arthritis Treatment Market

Psoriatic arthritis is a chronic, inflammatory disease that affects joints and skin. The market for psoriatic arthritis therapeutics is expected to grow due to the increasing prevalence of the disease and the development of new therapeutics. Some of the key trends in the psoriatic arthritis treatment market include:

  • Biologic drugs: The use of biologic drugs, such as TNF inhibitors and interleukin inhibitors, is increasing in the treatment of psoriatic arthritis due to their effectiveness in reducing inflammation
  • Combination therapy: Combination therapy with different classes of drugs is becoming more common in the treatment of psoriatic arthritis. This approach can provide more comprehensive treatment for patients and may be more effective than single-drug therapy
  • Personalized medicine: There is a growing trend towards personalized medicine in the treatment of psoriatic arthritis. This involves tailoring treatment to the individual patient based on their genetic makeup, disease severity, and other factors
  • Patient self-administration: The development of self-administered drugs, such as injectable biologics and oral small molecules, is making it easier for patients to manage their own treatment at home
  • Biosimilars: The introduction of biosimilars, which are similar to biologic drugs but less expensive, is expected to increase competition in the psoriatic arthritis therapeutics market and make treatment more affordable for patients

Psoriatic Arthritis Treatment Market: Competitor Landscape

The key features of the market report include patent analysis, grants analysis, clinical trials analysis, funding and investment analysis, partnerships, and collaborations analysis by the leading key players. The major companies in the market are as follows:
  • AbbVie Inc
  • Janssen Global Services, LLC (Johnson & Johnson)
  • Novartis AG
  • Amgen Inc
  • Biogen Inc.
  • Pfizer Inc
  • Eli Lilly and Company
  • UCB S.A
  • Bristol-Myers Squibb Company
  • Merck & Co. Inc.

Table of Contents

1 Preface2 Report Coverage - Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Psoriatic Arthritis Treatment Market Analysis
8.1 Key Industry Highlights
8.2 Global Psoriatic Arthritis Treatment Historical Market (2018-2022)
8.3 Global Psoriatic Arthritis Treatment Market Forecast (2023-2028)
8.4 Global Psoriatic Arthritis Treatment Market by Drug Class
8.4.1 NSAIDs
8.4.1.1 Historical Trend (2018-2022)
8.4.1.2 Forecast Trend (2023-2028)
8.4.2 DMARDs
8.4.2.1 Historical Trend (2018-2022)
8.4.2.2 Forecast Trend (2023-2028)
8.4.3 Biologics
8.4.3.1 Historical Trend (2018-2022)
8.4.3.2 Forecast Trend (2023-2028)
8.4.4 Others
8.5 Global Psoriatic Arthritis Treatment Market by Product Type
8.5.1 Prescription
8.5.1.1 Historical Trend (2018-2022)
8.5.1.2 Forecast Trend (2023-2028)
8.5.2 OTC
8.5.2.1 Historical Trend (2018-2022)
8.5.2.2 Forecast Trend (2023-2028)
8.6 Global Psoriatic Arthritis Treatment Market by Route of Administration
8.6.1 Topical
8.6.1.1 Historical Trend (2018-2022)
8.6.1.2 Forecast Trend (2023-2028)
8.6.2 Oral
8.6.2.1 Historical Trend (2018-2022)
8.6.2.2 Forecast Trend (2023-2028)
8.6.3 Injectable
8.6.3.1 Historical Trend (2018-2022)
8.6.3.2 Forecast Trend (2023-2028)
8.7 Global Psoriatic Arthritis Treatment Market by Region
8.7.1 North America
8.7.1.1 Historical Trend (2018-2022)
8.7.1.2 Forecast Trend (2023-2028)
8.7.2 Europe
8.7.2.1 Historical Trend (2018-2022)
8.7.2.2 Forecast Trend (2023-2028)
8.7.3 Asia Pacific
8.7.3.1 Historical Trend (2018-2022)
8.7.3.2 Forecast Trend (2023-2028)
8.7.4 Latin America
8.7.4.1 Historical Trend (2018-2022)
8.7.4.2 Forecast Trend (2023-2028)
8.7.5 Middle East and Africa
8.7.5.1 Historical Trend (2018-2022)
8.7.5.2 Forecast Trend (2023-2028)
9 North America Psoriatic Arthritis Treatment Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2022)
9.1.2 Forecast Trend (2023-2028)
9.2 Canada
9.2.1 Historical Trend (2018-2022)
9.2.2 Forecast Trend (2023-2028)
10 Europe Psoriatic Arthritis Treatment Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2022)
10.1.2 Forecast Trend (2023-2028)
10.2 Germany
10.2.1 Historical Trend (2018-2022)
10.2.2 Forecast Trend (2023-2028)
10.3 France
10.3.1 Historical Trend (2018-2022)
10.3.2 Forecast Trend (2023-2028)
10.4 Italy
10.4.1 Historical Trend (2018-2022)
10.4.2 Forecast Trend (2023-2028)
10.5 Others
11 Asia Pacific Psoriatic Arthritis Treatment Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2022)
11.1.2 Forecast Trend (2023-2028)
11.2 Japan
11.2.1 Historical Trend (2018-2022)
11.2.2 Forecast Trend (2023-2028)
11.3 India
11.3.1 Historical Trend (2018-2022)
11.3.2 Forecast Trend (2023-2028)
11.4 ASEAN
11.4.1 Historical Trend (2018-2022)
11.4.2 Forecast Trend (2023-2028)
11.5 Australia
11.5.2 Historical Trend (2018-2022)
11.5.2 Forecast Trend (2023-2028)
11.6 Others
12 Latin America Psoriatic Arthritis Treatment Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2022)
12.1.2 Forecast Trend (2023-2028)
12.2 Argentina
12.2.1 Historical Trend (2018-2022)
12.2.2 Forecast Trend (2023-2028)
12.3 Mexico
12.3.1 Historical Trend (2018-2022)
12.3.2 Forecast Trend (2023-2028)
12.4 Others
13 Middle East and Africa Psoriatic Arthritis Treatment Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2022)
13.1.2 Forecast Trend (2023-2028)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2022)
13.2.2 Forecast Trend (2023-2028)
13.3 Nigeria
13.3.1 Historical Trend (2018-2022)
13.3.2 Forecast Trend (2023-2028)
13.4 South Africa
13.4.1 Historical Trend (2018-2022)
13.4.2 Forecast Trend (2023-2028)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 AbbVie Inc.
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 Amgen Inc.
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 Johnson & Johnson Services, Inc.
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 Bristol-Myers Squibb Company
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 Novartis AG
16.2.5.1 Company Overview
16.2.5.2 Product Portfolio
16.2.5.3 Demographic Reach and Achievements
16.2.5.4 Certifications
16.2.6 Eli Lilly and Company
16.2.6.1 Company Overview
16.2.6.2 Product Portfolio
16.2.6.3 Demographic Reach and Achievements
16.2.6.4 Certifications
16.2.7 Pfizer Inc.
16.2.7.1 Company Overview
16.2.7.2 Product Portfolio
16.2.7.3 Demographic Reach and Achievements
16.2.7.4 Certifications
16.2.8 UCB S.A.
16.2.8.1 Company Overview
16.2.8.2 Product Portfolio
16.2.8.3 Demographic Reach and Achievements
16.2.8.4 Certifications
16.2.9 Others
17 Key Trends and Developments in the Market

Companies Mentioned

  • Abbvie Inc.
  • Amgen, Inc.
  • Johnson & Johnson Services, Inc.
  • Bristol-Myers Squibb Company
  • Celgene Corporation
  • Novartis International AG
  • Eli Lilly and Company
  • Pfizer, Inc.
  • Ucb S.A
  • Astrazeneca plc

Methodology

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Table Information