Global Psoriasis Drugs Market Report 2018 provides actionable intelligence on factors that have been driving demand; key trends that are impacting the Psoriasis Drugs market; challenges that affect the market dynamics along with the market size, a SWOT analysis of the key vendors, and various segments.
Competitor Analysis: by product types, market share, applications, sales, and revenue.
- ELI LILLY
- PFIZER INC.
- JANSSEN BIOTECH
- CELGENE CORPORATION
- TAKEDA PHARMACEUTICAL COMPANY LIMITED
- STIEFEL LABORATORIES INC.
- NOVARTIS AG
- AMGEN INC.
- BIOGEN IDEC
- ABBVIE INC.
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Description of Psoriasis Drugs Market: The psoriasis drugs market is expected to witness a CAGR of 9.3% during the forecast period. North America dominates the global market due to the high healthcare infrastructure, high adoption of therapeutics, and presence of major players in that region.
Increasing Use of Combination Therapies
A newer treatment approach that is being used is to combine two types of systemic drugs, i.e., a traditional drug and a biologic. More research is still continuing on this approach, however, studies conducted suggest that it often eases psoriasis symptoms more effectively than either treatment by itself. Biologics usually take a while to work. Combining a biologic with a faster-acting systemic drug, such as cyclosporine, is usually much more effective and safe. With faster, longer-lasting results and fewer side effects, requiring lower doses, many doctors are prescribing combination therapies, which is expected to drive the psoriasis drugs market.
Additionally, increasing disease burden and demand for psoriasis medicines in emerging economies and increase in psoriasis research and pipeline drugs are also driving the global psoriasis drugs market.
Adverse Side Effects of Existing Medications
Biologic drugs that target specific proteins or cells, are typically prescribed when other treatments have failed. Common side effects range from minor injection-site reactions to flu-like symptoms, to more serious respiratory infections. Biologic medication might also lead to an increased risk for infection or cancer of the lymph nodes (lymphoma), and they may also be associated with heart failure or central nervous system disorders. As a result of these side effects, these drugs are not prescribed for a long period of time. Many patients are also apprehensive to take drugs with potential adverse side effects, which is a major factor restraining the global psoriasis drugs market.
Additionally, the high cost of psoriasis treatments, extensive drug development, and approval process are hindering the growth of global psoriasis drugs market.
North America is Dominating the Market
North America dominates the global market due to the high healthcare infrastructure, high adoption of therapeutics, and presence of major players in that region. Moreover, increasing prevalence and favorable government initiatives are some of the drivers that are responsible for the growth of the market.
Psoriasis Drugs Market report passes on a fundamental overview of the Market including its definition, applications, and advancement. Furthermore, the Industry report investigates the ecumenical Major Psoriasis Drugs Market players in detail. Psoriasis Drugs Market report gives key bits of Cautiousness and subsisting status of the Players and is a basic Source obviously and heading for Companies and people energized by the Industry.
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The Global demand for Psoriasis Drugs Market is forecast to report strong development driven by consumption in major evolving markets. More growth opportunities to come up between 2018 and 2025 compared to a few years ago, signifying the rapid pace of change.
Psoriasis Drugs Market Historic Data (2012-2018):
- Industry Trends: Status and Outlook.
- Competitive Landscape: By Manufacturers, Development Trends.
- Product Revenue for Top Players: Market Share, Growth Rate, Current Market Situation Analysis.
- Market Segment: By Types, By Applications, By Regions/ Geography.
- Sales Revenue: Market Share, Growth Rate, Current Market Analysis.
Psoriasis Drugs Market Forecast (2018-2023):
- Market Size Forecast: Overall Size, By Type/Product Category, By Applications/End Users, By Regions/Geography.
- Key Data (Revenue): Market Size, Market Share, Growth Rate, Growth, Product Sales Price.
Psoriasis Drugs Market Influencing Factors:
- Market Environment: Government Policies, Technological Changes, Market Risks.
- Market Drivers: Growing Demand, Reduction in Cost, Market Opportunities and Challenges.
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