#CAGR #Psoriasis #Treatment #Market #Size #worth #USD
Pune, India, Oct. 07, 2022 (GLOBE NEWSWIRE) — The psoriasis treatment market size was USD 24.33 billion in 2021. The market is projected to grow from USD 26.37 billion in 2022 to USD 47.24 billion in 2029 at a CAGR of 8.7% during the 2022-2029 period. This vital information is presented by Fortune Business Insights™, in its report titled, “Psoriasis Treatment Market, 2022-2029.” Factors, such as rising geriatric population, increasing prevalence of plaque psoriasis, and psoriasis arthritis, will increase the footprint of the market during the forecast period. Additionally, increased focus on biologics by prominent players will foster the market growth.
Industry Development
- October 2021 – Sun Pharmaceutical Industries Ltd. announced the availability of ILUMYA in Canada for the treatment of moderate-to-severe plaque psoriasis to strengthen its presence in Canada.
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Report Scope & Segmentation
| Report Coverage | Details |
| Forecast Period | 2022 to 2029 |
| Forecast Period 2021 to 2028 CAGR | 8.7% |
| 2029 Value Projection | USD 47.44 Billion |
| Base Year | 2021 |
| Market Size in 2022 | USD 26.37 Billion |
| Historical Data for | 2018 to 2020 |
| No. of Pages | 166 |
| Key Players | AbbVie Inc. (U.S.), Novartis AG (Switzerland), Johnson & Johnson Services, Inc. (U.S.), Pfizer Inc. (U.S.), LEO Pharma A/S (Denmark), Merck & Co., Inc. (U.S.) |
| Psoriasis Treatment Market Growth Drivers | Growing Prevalence of Psoriasis |
| The rise in prevalence of psoriasis around the globe has created a huge demand for safe and effective therapies for the treatment. | |
| Biologics or biological therapy is one of the most adopted treatment options. |
Drivers & Restraints
Rising Prevalence of Psoriasis & Rocketing Biological Therapy Approvals to Augment Market Growth
Factors such as the increasing occurrence of psoriasis on a global scale and rising demand for safe and effective therapies will boost the…
Read on GNW: With 8.7% CAGR, Psoriasis Treatment Market Size worth USD
