1. What is the projected Compound Annual Growth Rate (CAGR) of the U.S. Psoriasis Treatment Market?
The projected CAGR is approximately 7.4%.
U.S. Psoriasis Treatment MarketU.S. Psoriasis Treatment Market 2025 Trends and Forecasts 2033: Analyzing Growth Opportunities
U.S. Psoriasis Treatment Market by Drug Class (TNF Inhibitors, Interleukin Inhibitors, Others), by Type (Plaque Psoriasis, Psoriatic Arthritis, Others), by Route of Administration (Oral, Parenteral/Systemic, Topical), by Distribution Channel (Hospital Pharmacies, Retail Pharmacies, Online Pharmacies), by Forecast 2025-2033
Base Year: 2024
100 Pages
U.S. Psoriasis Treatment Market 2025 Trends and Forecasts 2033: Analyzing Growth Opportunities
U.S. Psoriasis Treatment Market 2025 Trends and Forecasts 2033: Analyzing Growth Opportunities
Key Insights:
The U.S. Psoriasis Treatment Market size was valued at USD 10.32 USD Billion in 2023 and is projected to reach USD 17.01 USD Billion by 2032, exhibiting a CAGR of 7.4 % during the forecast period. The psoriasis treatment regimen constitutes multiple treatments designed specifically for the improvement of symptoms for this incurable autoimmune condition that is defined by well-known skin inflammation and rapid cell turnover. Topicals, such as corticosteroids and vitamin D analogs, are the medicines that fight only those spots while phototherapy is the procedure that utilizes UV light to lessen the symptoms. It is the systemic medications, which contain for example methotrexate and biologics, that are for moderate to severe conditions, by suppressing the immune responses. Biotherapies as emerging treatments will trigger the change of the medicine route by virtue of their targeted mechanism and fewer side effects. Moreover, there is a major breakthrough in precision medicine, which offers individualized treatment modalities according to genetic and immunological patterns. The US market is undergoing a surge in the approval of biological drugs which, along with a lot of ongoing research aimed at improving new therapies, is clear evidence of a delightful landscape aspiring to attain better efficacy and patient outcomes.
U.S. Psoriasis Treatment Trends:
- Increasing prevalence of psoriasis and expanding awareness.
- Advancements in biological therapies and targeted treatments.
- Growing demand for long-term maintenance therapies.
Driving Forces: What's Propelling the Market:
- Rising incidence of psoriasis due to genetic and environmental factors.
- Unmet medical needs and demand for effective treatments.
- Technological advancements and ongoing research.
- Government initiatives and support for psoriasis research.
Challenges and Restraints:
- High cost of treatment and access barriers.
- Side effects and safety concerns associated with certain medications.
- Limited efficacy of existing treatments.
Emerging Trends:
- Biologic therapies and precision medicine.
- Immunosuppressive drugs and combination therapies.
- Use of artificial intelligence and machine learning in diagnosis and treatment.
Growth Catalysts:
- New drug approvals and pipeline advancements.
- Strategic collaborations and partnerships among industry players.
- Expansion into emerging markets.
Market Segmentation:
Drug Class:
- TNF Inhibitors
- Interleukin Inhibitors
- Others
Type:
- Plaque Psoriasis
- Psoriatic Arthritis
- Others
Route of Administration:
- Oral
- Parenteral/Systemic
- Topical
Distribution Channel:
- Hospital Pharmacies
- Retail Pharmacies
- Online Pharmacies
Leading Players:
- AbbVie Inc.
- Novartis AG
- Johnson & Johnson Services, Inc.
- Pfizer Inc.
- LEO Pharma A/S
- Merck & Co., Inc.
- Amgen Inc.
- Eli Lilly and Company
- Evelo Biosciences, Inc.
- UCB S.A.
- Boehringer Ingelheim International GmbH
Significant Developments:
- June 2023: Eli Lilly and Company announced the acquisition of Dice Therapeutics, Inc. for USD 2.40 billion.
- December 2021: Amgen Inc. received FDA approval for apremilast (Otezla) for plaque psoriasis.
- December 2021: AbbVie Inc. received FDA approval for RINVOQ for psoriatic arthritis.
Comprehensive Coverage:
- Market overview and industry analysis
- Market segmentation and growth trends
- Competitive landscape and key players
- Recent industry developments and future outlook
- SWOT analysis and strategic recommendations
DROCT Analysis:
- Drivers: Increasing prevalence, new drug approvals, technological advancements
- Restraints: High cost, side effects, limited efficacy
- Opportunities: Unmet medical needs, emerging markets, personalized treatments
- Challenges: Access barriers, regulatory hurdles, competition
Pricing Analysis:
- Drug pricing trends and analysis
- Impact of reimbursement policies and discounts
- Competitive pricing strategies
Patent/Trademark Analysis:
- Patent Expiration Dates and impact on Generics
- Trademark protection and brand recognition
- Intellectual property landscape
U.S. Psoriasis Treatment Market REPORT HIGHLIGHTS
| Aspects | Details |
|---|---|
| Study Period | 2019-2033 |
| Base Year | 2024 |
| Estimated Year | 2025 |
| Forecast Period | 2025-2033 |
| Historical Period | 2019-2024 |
| Growth Rate | CAGR of 7.4% from 2019-2033 |
| Segmentation |
|
Table of Contents
- 1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
- 2. Executive Summary
- 2.1. Introduction
- 3. Market Dynamics
- 3.1. Introduction
- 3.2. Market Drivers
- 3.2.1. Introduction of Cost-effective Manufacturing Processes to Drive Market Growth
- 3.3. Market Restrains
- 3.3.1. Rise in Recent Product Recalls Coupled with High Treatment Cost to Impede Market Growth
- 3.4. Market Trends
- 3.4.1. Increasing Number of Hospitals and ASCs Identified as Significant Market Trend
- 4. Market Factor Analysis
- 4.1. Porters Five Forces
- 4.2. Supply/Value Chain
- 4.3. PESTEL analysis
- 4.4. Market Entropy
- 4.5. Patent/Trademark Analysis
- 5. U.S. Psoriasis Treatment Market Analysis, Insights and Forecast, 2019-2031
- 5.1. Market Analysis, Insights and Forecast - by Drug Class
- 5.1.1. TNF Inhibitors
- 5.1.2. Interleukin Inhibitors
- 5.1.3. Others
- 5.2. Market Analysis, Insights and Forecast - by Type
- 5.2.1. Plaque Psoriasis
- 5.2.2. Psoriatic Arthritis
- 5.2.3. Others
- 5.3. Market Analysis, Insights and Forecast - by Route of Administration
- 5.3.1. Oral
- 5.3.2. Parenteral/Systemic
- 5.3.3. Topical
- 5.4. Market Analysis, Insights and Forecast - by Distribution Channel
- 5.4.1. Hospital Pharmacies
- 5.4.2. Retail Pharmacies
- 5.4.3. Online Pharmacies
- 5.5. Market Analysis, Insights and Forecast - by Region
- 5.5.1.
- 5.1. Market Analysis, Insights and Forecast - by Drug Class
- 6. Northeast U.S. Psoriasis Treatment Market Analysis, Insights and Forecast, 2019-2031
- 7. Southeast U.S. Psoriasis Treatment Market Analysis, Insights and Forecast, 2019-2031
- 8. Midwest U.S. Psoriasis Treatment Market Analysis, Insights and Forecast, 2019-2031
- 9. Southwest U.S. Psoriasis Treatment Market Analysis, Insights and Forecast, 2019-2031
- 10. West U.S. Psoriasis Treatment Market Analysis, Insights and Forecast, 2019-2031
- 11. Competitive Analysis
- 11.1. Market Share Analysis 2024
- 11.2. Company Profiles
- 11.2.1 AbbVie Inc. (U.S.)
- 11.2.1.1. Overview
- 11.2.1.2. Products
- 11.2.1.3. SWOT Analysis
- 11.2.1.4. Recent Developments
- 11.2.1.5. Financials (Based on Availability)
- 11.2.2 Novartis AG (Switzerland)
- 11.2.2.1. Overview
- 11.2.2.2. Products
- 11.2.2.3. SWOT Analysis
- 11.2.2.4. Recent Developments
- 11.2.2.5. Financials (Based on Availability)
- 11.2.3 Johnson & Johnson Services Inc.(U.S.)
- 11.2.3.1. Overview
- 11.2.3.2. Products
- 11.2.3.3. SWOT Analysis
- 11.2.3.4. Recent Developments
- 11.2.3.5. Financials (Based on Availability)
- 11.2.4 Pfizer Inc. (U.S.)
- 11.2.4.1. Overview
- 11.2.4.2. Products
- 11.2.4.3. SWOT Analysis
- 11.2.4.4. Recent Developments
- 11.2.4.5. Financials (Based on Availability)
- 11.2.5 LEO Pharma A/S (Denmark)
- 11.2.5.1. Overview
- 11.2.5.2. Products
- 11.2.5.3. SWOT Analysis
- 11.2.5.4. Recent Developments
- 11.2.5.5. Financials (Based on Availability)
- 11.2.6 Merck & Co. Inc. (U.S.)
- 11.2.6.1. Overview
- 11.2.6.2. Products
- 11.2.6.3. SWOT Analysis
- 11.2.6.4. Recent Developments
- 11.2.6.5. Financials (Based on Availability)
- 11.2.7 Amgen Inc. (U.S.)
- 11.2.7.1. Overview
- 11.2.7.2. Products
- 11.2.7.3. SWOT Analysis
- 11.2.7.4. Recent Developments
- 11.2.7.5. Financials (Based on Availability)
- 11.2.8 Eli Lilly and Company (U.S.)
- 11.2.8.1. Overview
- 11.2.8.2. Products
- 11.2.8.3. SWOT Analysis
- 11.2.8.4. Recent Developments
- 11.2.8.5. Financials (Based on Availability)
- 11.2.9 Evelo Biosciences Inc. (U.S.)
- 11.2.9.1. Overview
- 11.2.9.2. Products
- 11.2.9.3. SWOT Analysis
- 11.2.9.4. Recent Developments
- 11.2.9.5. Financials (Based on Availability)
- 11.2.10 UCB S.A. (Belgium)
- 11.2.10.1. Overview
- 11.2.10.2. Products
- 11.2.10.3. SWOT Analysis
- 11.2.10.4. Recent Developments
- 11.2.10.5. Financials (Based on Availability)
- 11.2.11 Boehringer Ingelheim International GmbH (Germany)
- 11.2.11.1. Overview
- 11.2.11.2. Products
- 11.2.11.3. SWOT Analysis
- 11.2.11.4. Recent Developments
- 11.2.11.5. Financials (Based on Availability)
- 11.2.1 AbbVie Inc. (U.S.)
List of Figures
- Figure 1: U.S. Psoriasis Treatment Market Revenue Breakdown (USD Billion, %) by Product 2024 & 2032
- Figure 2: U.S. Psoriasis Treatment Market Share (%) by Company 2024
List of Tables
- Table 1: U.S. Psoriasis Treatment Market Revenue USD Billion Forecast, by Region 2019 & 2032
- Table 2: U.S. Psoriasis Treatment Market Revenue USD Billion Forecast, by Drug Class 2019 & 2032
- Table 3: U.S. Psoriasis Treatment Market Revenue USD Billion Forecast, by Type 2019 & 2032
- Table 4: U.S. Psoriasis Treatment Market Revenue USD Billion Forecast, by Route of Administration 2019 & 2032
- Table 5: U.S. Psoriasis Treatment Market Revenue USD Billion Forecast, by Distribution Channel 2019 & 2032
- Table 6: U.S. Psoriasis Treatment Market Revenue USD Billion Forecast, by Region 2019 & 2032
- Table 7: U.S. Psoriasis Treatment Market Revenue USD Billion Forecast, by Country 2019 & 2032
- Table 8: Northeast U.S. Psoriasis Treatment Market Revenue (USD Billion) Forecast, by Application 2019 & 2032
- Table 9: Southeast U.S. Psoriasis Treatment Market Revenue (USD Billion) Forecast, by Application 2019 & 2032
- Table 10: Midwest U.S. Psoriasis Treatment Market Revenue (USD Billion) Forecast, by Application 2019 & 2032
- Table 11: Southwest U.S. Psoriasis Treatment Market Revenue (USD Billion) Forecast, by Application 2019 & 2032
- Table 12: West U.S. Psoriasis Treatment Market Revenue (USD Billion) Forecast, by Application 2019 & 2032
- Table 13: U.S. Psoriasis Treatment Market Revenue USD Billion Forecast, by Drug Class 2019 & 2032
- Table 14: U.S. Psoriasis Treatment Market Revenue USD Billion Forecast, by Type 2019 & 2032
- Table 15: U.S. Psoriasis Treatment Market Revenue USD Billion Forecast, by Route of Administration 2019 & 2032
- Table 16: U.S. Psoriasis Treatment Market Revenue USD Billion Forecast, by Distribution Channel 2019 & 2032
- Table 17: U.S. Psoriasis Treatment Market Revenue USD Billion Forecast, by Country 2019 & 2032
Methodology
Step 1 - Identification of Relevant Samples Size from Population Database
Step 2 - Approaches for Defining Global Market Size (Value, Volume* & Price*)
Top-down and bottom-up approaches are used to validate the global market size and estimate the market size for manufactures, regional segments, product, and application.
Note*: In applicable scenarios
Step 3 - Data Sources
Primary Research
- Web Analytics
- Survey Reports
- Research Institute
- Latest Research Reports
- Opinion Leaders
Secondary Research
- Annual Reports
- White Paper
- Latest Press Release
- Industry Association
- Paid Database
- Investor Presentations
Step 4 - Data Triangulation
Involves using different sources of information in order to increase the validity of a study
These sources are likely to be stakeholders in a program - participants, other researchers, program staff, other community members, and so on.
Then we put all data in single framework & apply various statistical tools to find out the dynamic on the market.
During the analysis stage, feedback from the stakeholder groups would be compared to determine areas of agreement as well as areas of divergence
Additionally, after gathering mixed and scattered data from a wide range of sources, data is triangulated and correlated to come up with estimated figures which are further validated through primary mediums or industry experts, opinion leaders.
Frequently Asked Questions
2. Which companies are prominent players in the U.S. Psoriasis Treatment Market?
Key companies in the market include 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.), Amgen Inc. (U.S.), Eli Lilly and Company (U.S.), Evelo Biosciences, Inc. (U.S.), UCB S.A. (Belgium), Boehringer Ingelheim International GmbH (Germany).
3. What are the main segments of the U.S. Psoriasis Treatment Market?
The market segments include Drug Class, Type, Route of Administration, Distribution Channel.
4. Can you provide details about the market size?
The market size is estimated to be USD 10.32 USD Billion as of 2022.
5. What are some drivers contributing to market growth?
Introduction of Cost-effective Manufacturing Processes to Drive Market Growth.
6. What are the notable trends driving market growth?
Increasing Number of Hospitals and ASCs Identified as Significant Market Trend.
7. Are there any restraints impacting market growth?
Rise in Recent Product Recalls Coupled with High Treatment Cost to Impede Market Growth.
8. Can you provide examples of recent developments in the market?
June 2023- Eli Lilly and Company announced a definitive agreement to acquire Dice Therapeutic, Inc. for around USD 2.40 billion. Dice Therapeutics, Inc. is developing an oral drug for patients suffering from psoriasis. Through this acquisition, the company is aiming to bolster its market presence.
9. What pricing options are available for accessing the report?
Pricing options include single-user, multi-user, and enterprise licenses priced at USD 2850, USD 3850, and USD 4850 respectively.
10. Is the market size provided in terms of value or volume?
The market size is provided in terms of value, measured in USD Billion.
11. Are there any specific market keywords associated with the report?
Yes, the market keyword associated with the report is "U.S. Psoriasis Treatment Market," which aids in identifying and referencing the specific market segment covered.
12. How do I determine which pricing option suits my needs best?
The pricing options vary based on user requirements and access needs. Individual users may opt for single-user licenses, while businesses requiring broader access may choose multi-user or enterprise licenses for cost-effective access to the report.
13. Are there any additional resources or data provided in the U.S. Psoriasis Treatment Market report?
While the report offers comprehensive insights, it's advisable to review the specific contents or supplementary materials provided to ascertain if additional resources or data are available.
14. How can I stay updated on further developments or reports in the U.S. Psoriasis Treatment Market?
To stay informed about further developments, trends, and reports in the U.S. Psoriasis Treatment Market, consider subscribing to industry newsletters, following relevant companies and organizations, or regularly checking reputable industry news sources and publications.
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