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delveinsight12 · 25 days

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Understanding the Dynamics of the Psoriasis Market: Drivers, Barriers, and Future Outlook

Psoriasis is a chronic autoimmune skin condition characterized by patches of red, inflamed skin covered with silvery scales. It occurs when the immune system mistakenly attacks healthy skin cells, leading to rapid turnover of skin cells. Normally, skin cells are replaced every 3 to 4 weeks, but in psoriasis, this process happens every few days, resulting in a buildup of cells on the skin's surface.

Psoriasis Market Drivers

The psoriasis market is influenced by several key drivers that shape the development of treatments, therapies, and overall market dynamics. Some of the significant drivers in the psoriasis market include:

Increasing Prevalence: Psoriasis is a common chronic skin condition, affecting millions of people worldwide. As the prevalence of psoriasis continues to rise, particularly in developed countries, there is a growing demand for effective treatments and therapies.

Advancements in Research and Development: Ongoing research and development efforts in the field of dermatology and immunology have led to the discovery of novel therapeutic targets and treatment modalities for psoriasis. This includes the development of biologic drugs, small molecule inhibitors, and targeted therapies that offer improved efficacy and safety profiles compared to traditional treatments.

Expanding Treatment Options: The psoriasis market has witnessed the introduction of a wide range of treatment options, including topical medications, phototherapy, systemic medications, and biologic agents. The availability of diverse treatment modalities allows healthcare providers to tailor treatment plans to individual patient needs, improving overall management and outcomes.

Focus on Personalized Medicine: There is a growing emphasis on personalized medicine in the treatment of psoriasis, driven by advances in genomics, biomarker research, and precision medicine approaches. By identifying specific genetic, immunologic, and molecular factors associated with psoriasis, healthcare providers can develop targeted therapies that are more effective and well-tolerated by patients.

Patient Awareness and Advocacy: Increased awareness about psoriasis among patients, healthcare providers, and the general public has led to greater recognition of the impact of the condition on quality of life and overall health. Patient advocacy organizations play a crucial role in raising awareness, promoting research, and advocating for improved access to treatment and healthcare services for individuals with psoriasis.

Growing Healthcare Expenditure: Rising healthcare expenditure, particularly in developed countries, has facilitated greater investment in the development and commercialization of new psoriasis treatments and therapies. Pharmaceutical companies are incentivized to innovate and bring new products to market to address the unmet needs of patients with psoriasis.

Shift towards Biologic Therapies: Biologic drugs have revolutionized the treatment of moderate to severe psoriasis, offering higher efficacy and lower risk of adverse effects compared to traditional systemic medications. The increasing adoption of biologic therapies, coupled with the introduction of biosimilars, has contributed to the growth of the psoriasis market.

Emerging Markets: Emerging markets, particularly in Asia-Pacific and Latin America, present significant growth opportunities for the psoriasis market. Factors such as improving healthcare infrastructure, rising disposable incomes, and increasing awareness about psoriasis are driving demand for advanced treatment options in these regions.

Psoriasis Market Barriers

Limited Understanding of Disease Pathogenesis: Despite significant progress in understanding the underlying mechanisms of psoriasis, there are still gaps in knowledge regarding its precise etiology and pathogenesis. This limited understanding can impede the development of targeted therapies and personalized treatment approaches.

Complexity of Psoriasis Treatment: Psoriasis is a complex and heterogeneous disease, with varying clinical manifestations and treatment responses among patients. Developing effective treatments that address the diverse needs of patients with different disease phenotypes and comorbidities can be challenging.

High Development Costs: The development of new psoriasis treatments, particularly biologic drugs and targeted therapies, involves substantial research and development costs, as well as lengthy and expensive clinical trials. High development costs can deter pharmaceutical companies from investing in psoriasis drug development, especially for niche patient populations or less profitable markets.

Regulatory Hurdles: Regulatory approval processes for new psoriasis treatments can be rigorous and time-consuming, requiring extensive preclinical and clinical data to demonstrate safety, efficacy, and quality. Delays in regulatory approval can prolong the time to market and increase development costs for pharmaceutical companies.

Market Saturation and Competition: The psoriasis market is becoming increasingly crowded, with multiple treatment options available, including generics, biosimilars, and novel therapies. Market saturation and intense competition can limit the commercial success of new psoriasis treatments, particularly if they offer marginal improvements over existing therapies.

Access and Affordability Issues: Access to psoriasis treatments, especially advanced biologic drugs, may be limited in certain regions or healthcare systems due to factors such as high costs, reimbursement policies, and healthcare disparities. Affordability issues can prevent some patients from accessing the treatments they need, leading to disparities in healthcare outcomes.

Safety Concerns and Adverse Effects: While biologic drugs have revolutionized the treatment of psoriasis, they are associated with certain safety concerns, including an increased risk of infections, malignancies, and immune-mediated adverse events. Safety concerns and adverse effects may influence treatment decisions and patient adherence, particularly in the long term.

Stigma and Psychosocial Impact: Psoriasis is often associated with stigma and negative psychosocial effects, including low self-esteem, depression, and social isolation. The psychosocial impact of psoriasis can affect patient quality of life and treatment outcomes, highlighting the need for holistic approaches to psoriasis care.

Future Psoriasis Market Analysis

Analyzing the future of the psoriasis market involves considering various factors that could influence its trajectory, including emerging trends, technological advancements, regulatory developments, and evolving patient needs. Here's a prospective analysis of the future psoriasis market:

Biologic Dominance: Biologic drugs have transformed the treatment landscape for moderate to severe psoriasis. In the future, biologics are likely to maintain their dominance, with continued development of novel agents targeting specific pathways involved in psoriasis pathogenesis. This includes next-generation biologics with improved efficacy, safety profiles, and dosing regimens.

Biosimilars Expansion: The market for biosimilar versions of biologic drugs used in psoriasis treatment is expected to expand further. Biosimilars offer cost savings and increased access to treatment, driving their adoption in both developed and emerging markets. However, regulatory pathways and market acceptance will continue to shape the pace of biosimilar uptake.

Personalized Medicine: Advances in genomics, biomarker research, and precision medicine will facilitate the development of personalized treatment approaches for psoriasis. Biomarker-based diagnostics and targeted therapies tailored to individual patient characteristics will improve treatment outcomes and minimize adverse effects. Pharmacogenomic testing may also play a role in optimizing treatment selection and dosing.

Innovative Therapies: Beyond biologics, there is growing interest in innovative therapies for psoriasis, including small molecule inhibitors, gene therapies, and cell-based therapies. These approaches offer potential advantages such as oral administration, enhanced specificity, and long-term remission. Early-stage research in these areas shows promise, but further clinical validation and commercialization are needed.

Digital Health Solutions: Digital health technologies, including telemedicine, mobile apps, wearables, and remote monitoring devices, will increasingly integrate into psoriasis management. These tools enable remote patient monitoring, medication adherence tracking, lifestyle management support, and access to virtual consultations with healthcare providers. Digital health solutions enhance patient engagement, improve treatment adherence, and facilitate personalized care delivery.

Patient-Centric Care: There is a growing emphasis on patient-centered care in psoriasis management, recognizing the importance of addressing patients' holistic needs and preferences. Multidisciplinary care models that integrate dermatologists, rheumatologists, psychologists, and other healthcare professionals will become more prevalent. Patient support programs, educational resources, and peer-to-peer networks will also play a crucial role in empowering individuals living with psoriasis.

Health Equity and Access: Efforts to improve health equity and access to psoriasis care will remain a priority. This includes addressing disparities in healthcare access, affordability, and treatment outcomes across different demographic groups and geographic regions. Public health initiatives, advocacy campaigns, and policy interventions can help reduce barriers to care and promote equitable access to effective treatments for all individuals with psoriasis.

Research and Collaboration: Continued investment in psoriasis research, clinical trials, and collaborative initiatives will drive innovation and evidence-based practice in the field. Academic-industry partnerships, collaborative research networks, and patient registries will facilitate data sharing, knowledge exchange, and the development of consensus guidelines for psoriasis management.

Evolving Psoriasis Treatment Outlook

The outlook for psoriasis treatment is evolving rapidly, driven by advances in scientific research, technological innovation, and a growing understanding of the disease's underlying mechanisms. Here's an overview of the evolving treatment outlook for psoriasis:

Targeted Therapies: There is a shift towards targeted therapies that specifically inhibit key molecules and pathways involved in psoriasis pathogenesis. These therapies offer enhanced efficacy and safety compared to traditional systemic treatments. Examples include biologic agents targeting interleukin (IL)-17, IL-23, and Janus kinase (JAK) pathways, as well as small molecule inhibitors of phosphodiesterase 4 (PDE4) and tyrosine kinases.

Personalized Medicine: Personalized medicine approaches are increasingly being explored in psoriasis treatment. Biomarker research, genetic profiling, and pharmacogenomics enable healthcare providers to tailor treatment strategies to individual patient characteristics, optimizing efficacy and minimizing adverse effects. Personalized medicine may involve selecting the most appropriate therapy based on disease phenotype, genetic profile, biomarker expression, and treatment response predictors.

Topical Therapies: While systemic therapies and biologics dominate the landscape for moderate to severe psoriasis, there are ongoing efforts to improve topical treatment options. Novel topical formulations, including combination therapies, nanotechnologies, and sustained-release formulations, aim to enhance drug delivery, increase efficacy, and minimize side effects. Topical treatments remain an important component of psoriasis management, especially for mild to moderate cases and localized disease.

Alternative Delivery Methods: Innovations in drug delivery methods are expanding treatment options for psoriasis. These include oral formulations, injectables, patches, implants, and microneedle arrays. Alternative delivery methods offer advantages such as improved convenience, reduced dosing frequency, enhanced patient adherence, and targeted drug delivery to affected skin areas. Novel delivery systems also enable the administration of biologic agents via routes other than subcutaneous or intravenous injection.

Combination Therapies: Combination therapy approaches are being explored to maximize treatment efficacy and address different aspects of psoriasis pathophysiology. Combinations of biologic agents with conventional systemic therapies, topical treatments, phototherapy, or other biologics may offer synergistic effects and improved outcomes compared to monotherapy. Rational drug combinations targeting multiple pathways involved in psoriasis pathogenesis hold promise for achieving better control of disease activity and reducing treatment resistance.

Long-term Management Strategies: The focus is shifting towards long-term management strategies that aim to achieve sustained remission, prevent disease progression, and minimize relapses. Treat-to-target approaches, maintenance therapy regimens, and proactive management strategies are being increasingly emphasized. Early intervention, regular monitoring, and individualized treatment adjustments based on disease activity and patient preferences are key principles of long-term management.

Digital Health Integration: Digital health technologies are revolutionizing psoriasis care delivery and patient engagement. Telemedicine platforms, mobile apps, wearable devices, and electronic health records enable remote monitoring, self-management, and virtual consultations. Digital health tools support treatment adherence, lifestyle modifications, and patient education, empowering individuals with psoriasis to actively participate in their care and improve treatment outcomes.

Patient-Centered Care Models: Patient-centered care models prioritize the holistic needs and preferences of individuals living with psoriasis. Multidisciplinary care teams, shared decision-making, and patient support programs play a central role in delivering comprehensive, patient-centric care. Psychosocial support, educational resources, and peer-to-peer networks help address the emotional and social impact of psoriasis, enhancing overall well-being and quality of life.

Role of Companies in the Psoriasis Market

In the Psoriasis market, companies such as Hangzhou Highlightll Pharmaceutical Co., Ltd, Biohaven Pharmaceuticals, Inc., SFA Therapeutics, Bristol-Myers Squibb, Ventyx Biosciences, Inc, Amgen, AbbVie, Alumis Inc, DICE Therapeutics, Inc., UCB Pharma, Janssen Research & Development, LLC, Arcutis Biotherapeutics, Inc., AnaptysBio, Inc., Sun Pharmaceutical Industries Limited, Novartis, Pfizer, Boehringer Ingelheim, KoBioLabs, Abcentra, Aclaris Therapeutics, and others play a pivotal role in driving innovation, research, development, and the provision of treatments and therapies for individuals suffering from this chronic inflammatory skin condition. These companies encompass pharmaceutical giants, biotechnology firms, medical device manufacturers, and healthcare service providers, each contributing uniquely to the advancement of Psoriasis management. Pharmaceutical companies lead the charge in developing novel drugs, ranging from topical corticosteroids to biologics targeting specific immune pathways implicated in Psoriasis pathogenesis.

Psoriasis Market Outlook - Key Conclusion and Analysis

The Psoriasis market is undergoing a transformative period, driven by advances in research, innovation in therapeutic approaches, and shifting treatment paradigms. While significant progress has been made in improving outcomes for patients with Psoriasis, several barriers continue to challenge the market's expansion, including high treatment costs, safety concerns, and regulatory hurdles. Looking ahead, personalized medicine, novel therapeutic targets, and digital health solutions are poised to shape the future of Psoriasis management, offering new hope for patients and caregivers alike. Efforts to address these challenges and capitalize on emerging opportunities will be critical in advancing the field and ultimately improving the lives of individuals living with Psoriasis.

Get a more detailed overview, at: Psoriasis Market Outlook and Forecast

#Psoriasis market #Psoriasis market share #Psoriasis market size #Psoriasis treatment market #Psoriasis

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stomeranclels451 · 1 year

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https://mug.vn/read-blog/83575

Psoriasis Treatment Market Share Set To Grow with Significant 7.8% CAGR By 2030

#Psoriasis Treatment Market

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navabharatlive · 1 year

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#Psoriasis Treatment Market

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tharun27 · 2 years

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Psoriasis treatment in Coimbatore

Sri Ramakrishna Hospital is one of the leading dermatologist hospital in Coimbatore having experienced specialists doctors for skin, nails diseases, and Psoriasis treatment

https://www.sriramakrishnahospital.com/minor-department/dermatology/

Micro needling treatment in coimbatore

#psoraisis #psoriasis treatment market

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mrfrblogresearch02 · 2 years

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Psoriasis Treatment Market: Future Rising Demand and Scope till 2027

Market overview:

According to the research reports by MRFR, the global psoriasis treatment market Share is likely to cross a market size of over USD 13.1 billion in 2027 while recording a healthy CAGR of over 7.3% during the review timeframe.

Psoriasis is a chronic inflammatory skin condition that frequently links with our systematic manifestation. The global psoriasis treatment market has witnessed massive growth over recent years owing to the factors such as various developments of advanced technologies, the green prevalence of psoriasis, increasing awareness for the treatment, and the growing research and development for the treatment. However, the market's growth is likely to be hampered by the high costs involved in the treatment. Nevertheless, the growing occurrence of this disease across the globe is likely to offer lucrative opportunities over the assessment timeframe.

Segment Analysis

The global psoriasis treatment market is bifurcated into several segments based on treatment, drug class, and region.

Based on the drug class, the global market for psoriasis treatment is divided into vitamin D analogs, interleukin inhibitors, and tumor necrosis factor inhibitors.

The global psoriasis treatment market is split into biologics, systematic, and topical based on the treatment.

Regional Analysis

The global psoriasis treatment market is studied across five major regions, including the Middle East & Africa, North America, South America, Europe, and Asia-Pacific.

As per the MRFR research reports, the North American region is likely to secure the top position in the psoriasis treatment market due to the rising number of global market trends of psoriasis treatment. Furthermore, the growth of the regional market is being driven by an increasing prevalence of psoriasis, the presence of major manufacturers, and growing awareness growth among people. As per the recent survey, approximately 8 million Americans have psoriasis.

In 2018, the European region secured the second position in the psoriasis treatment market across the globe. The regional market will likely record the fastest growth rate over the assessment timeframe. The regional market's growth is attributed to the prominent market players, the growing participation of major market leaders, and the growing senior population.

The Middle East & African regional free psoriasis samples treatment will record the slowest growth rate over the review timeframe. This is because of less awareness among the people in Africa and the low economic developments across the region.

Competitive Analysis

The global market for psoriasis treatment has an intensely competitive landscape with a wide number of players spread worldwide. The players in the market are adopting several new strategies such as product developments, mergers, acquisitions, and partnerships to strengthen their global market footprint. The list of prominent players in the psoriasis treatment market includes names such as Eli Lilly and Company, AbbVie (US), Pfizer Inc (US), Celgene Corporation (US), UCB (Belgium), Amgen (US), Merck and Co. Inc (US), Johnson & Johnson (US), AstraZeneca (UK), Novartis International AG (Switzerland), and many others.

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At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), & Consulting Services. MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients.

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#Psoriasis Treatment Market

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witherpro3355 · 2 years

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Psoriasis Treatment Market

#Psoriasis Treatment Market

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wiseguyresearch · 2 years

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#Psoriasis Treatment Market

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expertmarketresearchreport · 11 months

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Global Plaque Psoriasis Treatment Market Report 2023-2031

The growth of global plaque psoriasis treatment market is driven by factors such as increasing prevalence of plaque psoriasis, growing awareness about the disease, and advances in treatment options.

More Information Visit Site: Global Plaque Psoriasis Treatment Market

#Global Plaque Psoriasis Treatment Market Share #Global Plaque Psoriasis Treatment Market Growth

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databridgemarket456 · 1 year

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#Atopic Dermatitis Treatment Market #Atopic Dermatitis Treatment Market scope #atopic dermatitis market size #eczema industry #lebrikizumab and atopic dermatitis #psoriasis market size

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meditech-insights · 1 year

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Global Psoriasis Treatment Market is anticipated to grow at a CAGR of ~8.5% by 2026

Psoriasis is a complex, chronic, multifactorial, inflammatory disease that involves hyperproliferation of the keratinocytes in the epidermis, with an increase in the epidermal cell turnover rate. Currently, topical, systemic therapies, and phototherapy are available for treatment.

The Global Psoriasis Treatment Market is expected to grow at a rate of ~8.5% by 2026. Increasing psoriasis prevalence, rising psoriasis medicines demand in emerging economies, rising biologic drug approval for psoriasis treatment, increased psoriasis research activity, a strong drug pipeline, and rising use of combination therapies for psoriasis treatment are some of the key factors driving the global psoriasis treatment market.

Growing Adoption of New Biologics Drugs for the Treatment of Plaque Psoriasis Drives the Psoriasis Treatment Market

Biologics drugs launched a new era of psoriasis treatment. These drugs target a particular part of the immune system and are created from substances found in living things. Recently, several biological drugs have been approved by the FDA to treat plaque psoriasis.

For instance,

In May 2022, Dermavant Sciences received US FDA approval for VTAMA (tapinarof) cream, 1%, an aryl hydrocarbon receptor agonist, indicated for the topical treatment of plaque psoriasis in adults.

Increase in Usage of Interleukins (IL) Inhibitors in Psoriasis Treatment Fuels the Demand

The preference for IL inhibitors over other classes of psoriasis drugs includes several factors such as improved safety and efficacy, more targeted mechanism of action, fewer warnings & side effects, faster onset of effect, and more durable responses. Recently, the FDA approved a number of drugs for treatment purposes.

For instance,

In January 2022, AbbVie received US FDA approval for SKYRIZI® (risankizumab-rzaa) for the treatment of adults with active psoriatic arthritis (PsA).

Explore Premium Report on Psoriasis Treatment Market @ https://meditechinsights.com/psoriasis-treatment-market/

Growing Usage of Combination Therapies for Psoriasis Treatment Boost the Psoriasis Treatment Market

The most common method of treating psoriasis is combination therapy. It involves the combination of two drugs to achieve improved therapeutic results for patients who inadequately respond to a single drug. Moreover, combination therapy may reduce safety concerns and cumulative toxicity, as a lower dose of two single agents may offer a better safety and efficacy profile when used in combination. The wide range of combination therapies prescribed may reflect increased attention to individualization of treatment to match patients’ diverse preferences.

Key Constraints/ Challenges: Psoriasis Treatment Market

Psoriasis treatments can be expensive, life - long, and sometimes not covered by universal health coverage schemes. Some of the major factors that are anticipated to hamper the psoriasis treatments market in the upcoming years include a lack of standardized tools for diagnosis and treatment, stringent regulatory policies, and negative side effects associated to the existing medications.

North America Expected to Continue to Hold a Major Share in the Psoriasis Treatment Market

Geographically speaking, North America holds a major market share of the psoriasis treatment market. This can be mainly attributed to the expanding incidence of plaque psoriasis & psoriatic arthritis, the increasing prescription volume of biological products, and growing awareness regarding the diagnosis and treatment of psoriasis in the region.

Increasing Emphasis on Developing New Biological Products

Players operating in the psoriasis treatments market are adopting organic and inorganic growth strategies such as collaborations, acquisitions, and new product launches to garner market share.

For instance,

In July 2022, Arcutis Biotherapeutics, Inc. received FDA approval for the new drug application (NDA) for ZORYVE (roflumilast) cream 0.3% for the treatment of plaque psoriasis, including intertriginous areas, in patients 12 years of age or older

In December 2021, AbbVie received FDA approval for RINVOQ® for the treatment of adults with active psoriatic arthritis (PsA)

Competitive Landscape Analysis of Psoriasis Treatment Market

Some of the key players operating in the global psoriasis treatment market include Eli Lilly & Company, Pfizer Inc., Novartis International AG, Amgen Inc., Biogen Inc., Abbvie Inc., AstraZeneca, among others.

For More Detailed Insights, Contact Us @ https://meditechinsights.com/contact-us/

About Medi-Tech Insights

Medi-Tech Insights is a healthcare-focused business research & insights firm. Our clients include Fortune 500 companies, blue-chip investors & hyper-growth start-ups. We have completed 100+ projects in Digital Health, Healthcare IT, Medical Technology, Medical Devices & Pharma Services.

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Ruta Halde

Associate, Medi-Tech Insights

+32 498 86 80 79

[email protected]

#Healthcare #Psoriasis-Treatment-Market

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