Psoriatic Arthritis Therapeutics

Psoriatic Arthritis Therapeutics

Global Psoriatic Arthritis Therapeutics Market to Reach US$20.5 Billion by 2030

The global market for Psoriatic Arthritis Therapeutics estimated at US$10.6 Billion in the year 2023, is expected to reach US$20.5 Billion by 2030, growing at a CAGR of 9.9% over the analysis period 2023-2030. Non-Steroidal Anti-Inflammatory Drugs (NSAIDS), one of the segments analyzed in the report, is expected to record a 9.3% CAGR and reach US$6.6 Billion by the end of the analysis period. Growth in the Non-Biologic Disease Modifying Anti-Rheumatic Drugs (DMARDs) segment is estimated at 9.3% CAGR over the analysis period.

The U.S. Market is Estimated at US$2.9 Billion While China is Forecast to Grow at 16.7% CAGR

The Psoriatic Arthritis Therapeutics market in the U.S. is estimated at US$2.9 Billion in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$5.2 Billion by the year 2030 trailing a CAGR of 16.7% over the analysis period 2023-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 4.6% and 8.5% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 6.2% CAGR.

Global Psoriatic Arthritis Therapeutics Market - Key Trends and Drivers Summarized

Psoriatic arthritis (PsA) is a chronic inflammatory condition that affects both the skin and joints, intertwining the symptoms of psoriasis with those of arthritis. This autoimmune disorder manifests in various forms, ranging from mild to severe, with symptoms including joint pain, stiffness, and swelling, along with the characteristic red, scaly patches of psoriasis. The management of PsA requires a comprehensive therapeutic approach that addresses both skin and joint symptoms to prevent joint damage and improve quality of life. The primary goal of PsA therapeutics is to reduce inflammation, control symptoms, and inhibit disease progression. Treatment regimens often begin with non-steroidal anti-inflammatory drugs (NSAIDs) and corticosteroids to manage pain and inflammation, moving on to disease-modifying antirheumatic drugs (DMARDs) such as methotrexate, when initial treatments are insufficient.

In recent years, significant advancements in the understanding of PsA`s pathophysiology have led to the development of biologic therapies, which target specific components of the immune system that drive the disease. Tumor necrosis factor (TNF) inhibitors, such as adalimumab and etanercept, were among the first biologics approved for PsA treatment and have shown substantial efficacy in reducing joint and skin symptoms. More recently, interleukin (IL) inhibitors that target IL-17 and IL-23, such as secukinumab and ustekinumab, have been introduced, offering alternative mechanisms of action for patients who do not respond to TNF inhibitors. Additionally, small molecule inhibitors like Janus kinase (JAK) inhibitors and phosphodiesterase 4 (PDE4) inhibitors provide oral therapeutic options that are effective in controlling PsA symptoms. These therapies have transformed the treatment landscape of PsA, providing more personalized and effective options for patients.

The growth in the psoriatic arthritis therapeutics market is driven by several factors, including the increasing prevalence of the disease and a heightened awareness and diagnosis rate among healthcare professionals. Advancements in biotechnology and pharmaceutical research have led to the development of new and more effective treatments, expanding the range of therapeutic options available. The rising demand for biologics and targeted therapies, driven by their efficacy and relatively favorable side effect profiles, significantly contributes to market growth. Moreover, patient behavior is shifting towards seeking more advanced and specialized treatments, supported by greater access to healthcare information and improved healthcare infrastructure globally. Economic factors, such as increased healthcare expenditure and insurance coverage for chronic diseases, further support market expansion. Additionally, ongoing clinical trials and research into novel therapeutic targets promise to introduce new and improved treatments, ensuring sustained growth and innovation in the psoriatic arthritis therapeutics market. These factors collectively foster an environment where continuous advancements are made, aiming to enhance patient outcomes and quality of life for those suffering from PsA.

Select Competitors (Total 36 Featured) -

• AbbVie Inc
• Aclaris Therapeutics, Inc.
• Amgen, Inc.
• Bristol-Myers Squibb Co
• Coherus BioSciences, Inc.
• Eli Lilly and Company
• Fresenius Kabi USA
• GSK Plc
• Johnson & Johnson Services, Inc.
• Novartis Pharmaceuticals Corporation
• Pfizer Inc.
• SANOFI
• Sun Pharmaceutical Industries Ltd.
• Takeda Pharmaceutical Company Limited
• UCB S.A.;

Please note: Reports are sold as single-site single-user licenses. Electronic versions require 24-48 hours as each copy is customized to the client with digital controls and custom watermarks. The Publisher uses digital controls protecting against copying and printing is restricted to one full copy to be used at the same location.

The latest version of Adobe Acrobat Reader is required to view the report. Upon ordering an electronic version, the Publisher will provide a link to download the purchased report.

Prior to fulfillment of an order, the client will be required to sign a document detailing the purchase terms for a publication from this publisher.