Psoriatic Arthritis Therapeutics Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

The Psoriatic Arthritis Therapeutics Market is Segmented by Drug Class (Nonsteroidal anti-inflammatory drugs (NSAIDs), Disease-modifying antirheumatic drugs (DMARDs), Immunosuppressants, Biologic agents and Others), Route of Administration and Geography

Market Snapshot

Psoriatic Arthritis Therapeutics Market Overview
Study Period: 2018 - 2026
Base Year: 2021
Fastest Growing Market: Asia Pacific
Largest Market: North America
CAGR: 6.65 %
Psoriatic Arthritis Therapeutics Market Key Players

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Market Overview

Psoriatic arthritis is a form of arthritis that affects some people who have psoriasis, which is a condition that develops red patches on the skin with silvery scales. Most people develop psoriasis first and are later diagnosed with psoriatic arthritis. However, the joint problems can sometimes begin before skin patches appear. This condition develops when the immune system begins to attack healthy cells and tissue. The abnormal immune response causes inflammation in the joints as well as overproduction of skin cells.

One of the major factors that can exacerbate the development of psoriatic arthritis in obesity. According to OECD 2017 data, nearly 37% of the population of the United States was classified as obese and the report projects the population to increase to 47% by 2030. Hence, as the prevalence of obesity increases, the risk of psoriatic arthritis is expected to increase as well. Other factors like unhealthy lifestyle with indulgence in alcohol and smoking can also be attributed as risk factors for the development of psoriatic arthritis. Moreover, the development of new therapeutic methods is also expected to drive the growth of this market.

Scope of the Report

As per the scope of the report, psoriatic arthritis is a form of arthritis that affects some people who have psoriasis, which is a condition that develops red patches on the skin with silvery scales. The Psoriatic Arthritis therapeutics includes drugs that help relieve pain, reduce inflammation, slow the progression of psoriatic arthritis, or directly target parts immune system that trigger inflammation. In the report, a detailed analysis of the psoriatic arthritis therapeutics market is provided. 

By Drug Class
Nonsteroidal anti-inflammatory drugs (NSAIDs)
Disease-modifying Antirheumatic Drugs (DMARDs)
Immunosuppressants
Biologic agents
Others
By Route of Administration
Oral
Parenteral
Others
Geography
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
France
Italy
Spain
Rest of Europe
Asia Pacific
China
Japan
India
Australia
South Korea
Rest of Asia-Pacific
Middle East and Africa
GCC
South Africa
Rest of Middle East and Africa
South America
Brazil
Argentina
Rest of South America

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Key Market Trends

Non-Steroidal Anti-Inflammatory Drugs (NSAID) are Expected to Hold a Large Share in the Market

NSAIDs are considered the first treatment option for psoriatic arthritis. For people diagnosed with psoriatic arthritis that show only mild symptoms of joint pain and swelling, NSAIDs are usually the first treatment option to consider. NSAIDs are also commonly used as an adjunct treatment in conjunction with biologics or disease-modifying antirheumatic drugs (DMAD) and to treat some severe cases. 

However, NSAIDs are not advised for people with severe psoriasis because it can cause skin flare-ups. However, with advancements in research and technology, safer NSAIDs have been developed with lesser side-effects. This is expected to help the growth of NSAIDs in the market.

Psoriatic Arthritis Therapeutics Market Key Trends

North America is Found Dominating the Market During the Forecast Period

North America is found leading the psoriatic arthritis therapeutics market due to increased awareness and growing prevalence of psoriatic arthritis. According to OECD, Mexico has one of the highest prevalence of Obesity in the world. As obesity is one of the risk factors of psoriatic arthritis, the high and increasing prevalence is also expected to increase the prevalence of psoriatic arthritis in the future. However, developed countries like the US and Canada have a structured healthcare system which has a fast adoption rate for newer drugs, therapies, and technologies. Hence, expenditure on psoriatic arthritis therapeutics is expected to increase with increasing prevalence in the future.

Asia Pacific market is estimated to grow at a faster growth rate during the forecast period, owing to factors such as the increasing prevalence of obesity, improving reimbursement policies, and growing healthcare expenditure. 

Psoriatic Arthritis Therapeutics Market Growth by Region

Competitive Landscape

Majority of the key player involved in research and manufacturing of psoriatic arthritis threrapy drugs are established in developed countries. Market leaders with more funds for research and better distribution system have established their position in the market. Moreover, Asia-pacific is witnessing an emergence of some small players due to the rise of awareness. This has also helped the market growth.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

      1. 4.2.1 Increasing Prevalence of Psoriatic Arthritis Associated with Increasing Obesity

      2. 4.2.2 Strong Product Pipeline

    3. 4.3 Market Restraints

      1. 4.3.1 High cost of treatment

    4. 4.4 Porter's Five Force Analysis

      1. 4.4.1 Threat of New Entrants

      2. 4.4.2 Bargaining Power of Buyers/Consumers

      3. 4.4.3 Bargaining Power of Suppliers

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Drug Class

      1. 5.1.1 Nonsteroidal anti-inflammatory drugs (NSAIDs)

      2. 5.1.2 Disease-modifying Antirheumatic Drugs (DMARDs)

      3. 5.1.3 Immunosuppressants

      4. 5.1.4 Biologic agents

      5. 5.1.5 Others

    2. 5.2 By Route of Administration

      1. 5.2.1 Oral

      2. 5.2.2 Parenteral

      3. 5.2.3 Others

    3. 5.3 Geography

      1. 5.3.1 North America

        1. 5.3.1.1 United States

        2. 5.3.1.2 Canada

        3. 5.3.1.3 Mexico

      2. 5.3.2 Europe

        1. 5.3.2.1 Germany

        2. 5.3.2.2 United Kingdom

        3. 5.3.2.3 France

        4. 5.3.2.4 Italy

        5. 5.3.2.5 Spain

        6. 5.3.2.6 Rest of Europe

      3. 5.3.3 Asia Pacific

        1. 5.3.3.1 China

        2. 5.3.3.2 Japan

        3. 5.3.3.3 India

        4. 5.3.3.4 Australia

        5. 5.3.3.5 South Korea

        6. 5.3.3.6 Rest of Asia-Pacific

      4. 5.3.4 Middle East and Africa

        1. 5.3.4.1 GCC

        2. 5.3.4.2 South Africa

        3. 5.3.4.3 Rest of Middle East and Africa

      5. 5.3.5 South America

        1. 5.3.5.1 Brazil

        2. 5.3.5.2 Argentina

        3. 5.3.5.3 Rest of South America

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Company Profiles

      1. 6.1.1 Pfizer Inc.

      2. 6.1.2 Eisai Inc

      3. 6.1.3 UCB Biosciences Inc

      4. 6.1.4 Sanofi S.A.

      5. 6.1.5 Otsuka Pharmaceutical

      6. 6.1.6 Sumitomo Dainippon Pharma Co

      7. 6.1.7 Johnson & Johnson

      8. 6.1.8 Celgene Corporation (Bristol-Myers Squibb)

      9. 6.1.9 AbbVie Inc.

    2. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Competitive Landscape covers- Business Overview, Financials, Products and Strategies and Recent Developments

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Frequently Asked Questions

The Psoriatic Arthritis Therapeutics Market market is studied from 2018 - 2026.

The Psoriatic Arthritis Therapeutics Market is growing at a CAGR of 6.65% over the next 5 years.

Asia Pacific is growing at the highest CAGR over 2021- 2026.

North America holds highest share in 2020.

AbbVie Inc, Johnson & Johnson, Pfizer Inc., Sanofi S.A., Celgene Corporation (Bristol-Myers Squibb) are the major companies operating in Psoriatic Arthritis Therapeutics Market.

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