Psoriatic Arthritis Treatment Market 2020 Top Players and Growth Opportunity 2027 – Novartis International AG, Johnson & Johnson Services, AbbVie, AstraZeneca, Amgen, Celgene Corporation, Bristol-Myers Squibb Company
According to the current analysis of Emergen Research, the global Psoriatic Arthritis Treatment Market was valued at USD 7.15 billion in 2019 and is expected to reach USD 13.64 billion by 2027, at a CAGR of 9.2%. Significant growth in incidences of active psoriatic arthritis is observed across emerging countries together with increasing elderly population. Also, poor standard of living due to stressful work-life balance resulting in the overstimulation of immune system. Rising advancements in biosimilars and robust pipeline of biologic products are expressively enhancing the availability of safe and efficient psoriatic arthritis treatment. High incidence of psoriatic arthritis is extensively experienced by those patients who are already suffering from plague psoriasis.
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Active psoriatic arthritis and rheumatoid arthritis showcase more or less similar signs and symptoms of swollen joints and are unbearably painful and warm to touch. Consequently, possibilities of misdiagnosis are unfavorably high and is most likely to challenge the growth scenarios of the industry in the forecast period. Factors likely to restrict the industry growth include high cost associated with treatments and target drugs along with stringent government rules and regulations. Moreover, research across the world suggests that patients suffering from active psoriatic arthritis are recorded to be significantly vulnerable to the ongoing COVIDâ€19 pandemic.
Report is a comprehensive overview of the Psoriatic Arthritis Treatment Market position. Full information provided of past progress, current market conditions, and a future prospect is provided in the Psoriatic Arthritis Treatment Market report. It also gives accurate overview of the key strategy, Psoriatic Arthritis Treatment Market size, and products of leading companies in this market segment.
Top key vendors inPsoriatic Arthritis Treatment Market include are: Novartis International AG, Johnson & Johnson Services, AbbVie, AstraZeneca, Amgen, Celgene Corporation, Bristol-Myers Squibb Company, Bausch Health Companies, Eli Lilly and Company and Pfizer among other companies
Some Key Highlights from the Report
- Biologics and biosimilar products are mostly sold only on the basis of prescription. Prescription products segment in the products outlook accounted for the largest market revenue with a market share of approximately 47.5% in 2019
- Existing market players operating in the industry have undertaken a number of strategies to propel in the market. Thus, in August 2019, Amgen and Bristol-Myers Squibb (BMS) announced to have acquired worldwide rights to Otezla (only oral non-biologic treatment for psoriasis and psoriatic arthritis) from Bristol-Myers Squibb’s merger partner Celgene
- Emerging countries of Asia Pacific offer large number of patient pool as countries like India and China holds high population density along with high frequency of psoriatic arthritis especially in geriatric population. Asia Pacific registered noteworthy CAGR of 10.2% in 2019 and is expected to intensify its growth rate over the forecast period
- Frequencies of active psoriatic arthritis symptoms are extensively high in those patients already suffering from psoriasis. The most widespread autoimmune disease in the United States is psoriasis affecting more than 7.5 to 8 million people every year.
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Additionally, the report gives two distinct market forecasts, one from the perspective of the producer and another from that of the consumer. It also offers valuable recommendations for new as well as established players of the global Minimally Invasive Surgical Systems market. It also provides beneficial insights for both new as well as established players of the global Psoriatic Arthritis Treatment Market .
Emergen Research has segmented the global Psoriatic Arthritis Treatment Market Are :
Emergen research have segmented Psoriatic Arthritis Treatment Market on the basis of product, drug class, route of administration and region:
Psoriatic Arthritis Treatment Market Product Outlook (Revenue in Million USD; 2017–2027)
Psoriatic Arthritis Treatment Market Drug Class Outlook (Revenue in Million USD; 2017–2027)
Non-Steroidal Anti-Inflammatory Drugs (NSAIDs)
Non-Biologic Disease Modifying Anti-Rheumatic Drugs (DMARDs)
Psoriatic Arthritis Treatment Market By Route of Administration (Revenue in Million USD; 2017–2027)
Region wise performance of the Psoriatic Arthritis Treatment Market industry
North America Psoriatic Arthritis Treatment Market forecast is expected to remain significantly positive in terms of revenue share between 2020 and 2028. In addition, North America Keyword market revenue share is expected to remain comparatively larger than that of other regional markets from 2020 to 2027.
Asia Pacific registered fastest revenue CAGR in 2020, and the Psoriatic Arthritis Treatment Market forecast is that this trend is expected to continue going ahead. Market forecast states that revenue share contribution from China, India, and South Korea is expected to remain robust till 2027
Europe Psoriatic Arthritis Treatment Market forecast is positive currently, with revenue growth expected to remain steady between 2020 and 2027. Robust focus on research and development initiatives by major firms and changing trends and demographics in countries in the region are some factors expected to continue to support Psoriatic Arthritis Treatment Market growth
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What’s the significance of this report?
Comprehensive global and indigenous analysis of Psoriatic Arthritis Treatment Market .
Comprehensive content of all request parts in Psoriatic Arthritis Treatment Market to dissect trends, global request development and request size vaticinators as of 2027.
Comprehensive analysis of companies operating in the world. The company profile includes analysis of product portfolio, deals, Geek analysis and the rearmost developments.
The growth matrix analyzes the product parts and regions that request actors need to pay attention to in order to invest, integrate, grow .
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