Global Psoriasis Drugs Market Growth, Share, Size, Trends and Forecast (2025 - 2031)
By Type of Treatment;
Biologic Drugs, Small Molecule Systemic Drugs, and Tropical Therapies.By Mechanism of Action;
TNF Alpha Inhibitors, PDE4 Inhibitors, Interleukin Inhibitors, and Other Mechanisms of Action.By Route of Administration;
Oral, Parenteral, and Topical.By Geography;
North America, Europe, Asia Pacific, Middle East & Africa and Latin America - Report Timeline (2021 - 2031).Introduction
Global Psoriasis Drugs Market (USD Million), 2021 - 2031
In the year 2024, the Global Psoriasis Drugs Market was valued at USD 20,452.54 million. The size of this market is expected to increase to USD 40,881.86 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 10.4%.
The Global Psoriasis Drugs Market is experiencing significant growth due to the increasing prevalence of psoriasis worldwide, advancements in treatment options, and rising awareness about the disease and its management. Psoriasis, a chronic autoimmune skin disorder characterized by rapid skin cell proliferation leading to scaling and inflammation, affects millions of people globally. The growing understanding of psoriasis as a systemic condition with potential comorbidities such as cardiovascular diseases and arthritis has heightened the importance of effective treatments, driving market expansion.
Recent advancements in biologic drugs have revolutionized the treatment landscape for psoriasis. Biologics, which target specific components of the immune system, offer improved efficacy and safety profiles compared to traditional systemic therapies. The approval of new biologics and the development of novel therapies, including small molecules and biosimilars, are contributing to the robust growth of the market. These innovations not only provide more options for patients but also cater to those who may have developed resistance or intolerance to existing treatments.
Increasing healthcare expenditure, supportive government initiatives, and the availability of advanced healthcare infrastructure in developed regions are boosting market growth. In emerging markets, improving healthcare access and growing awareness about psoriasis are also contributing to the rising demand for effective treatments. Pharmaceutical companies are investing heavily in research and development to introduce new and improved drugs, while strategic collaborations and acquisitions are further driving the market dynamics.
The Global Psoriasis Drugs Market is poised for substantial growth, driven by a combination of rising disease prevalence, technological advancements in treatment, and increasing efforts to enhance patient awareness and access to care. As the market continues to evolve, it is expected to offer more effective and personalized treatment options for individuals suffering from psoriasis, ultimately improving their quality of life.
Global Psoriasis Drugs Market Recent Developments
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In October 2023, UCB, a global biopharmaceutical company, announced that the U.S. Food and Drug Administration (FDA) has approved BIMZELX (bimekizumab-bkzx) for the treatment of moderate to severe plaque psoriasis in adults who are candidates for systemic therapy or phototherapy. Bimekizumab is the first and only approved psoriasis treatment designed to selectively inhibit two key cytokines driving inflammatory processes – interleukin 17A (IL-17A) and interleukin 17F (IL-17F).
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In April 2024, Alvotech and Teva Pharmaceutical Industries Ltd., a U.S. subsidiary of Teva Pharmaceutical Industries Ltd., announced that the U.S. Food and Drug Administration (FDA) has approved SELARSDI (ustekinumab-aekn) for subcutaneous injection as a biosimilar to Stelara for use in the treatment of severe plaque psoriasis and active psoriatic arthritis in adults and children 6 years of age and older.
Segment Analysis
The Global Psoriasis Drugs Market is segmented by drug class, route of administration, and distribution channel, each playing a crucial role in the market's growth dynamics. By drug class, the market is divided into biologics, small molecules, and traditional systemic therapies. Biologics dominate the market due to their targeted approach and higher efficacy in treating moderate to severe psoriasis. These include TNF-alpha inhibitors, IL-17 inhibitors, and IL-23 inhibitors, which have shown significant improvement in patient outcomes. Small molecules, such as PDE4 inhibitors and JAK inhibitors, are gaining traction as they offer oral administration options, providing convenience and adherence benefits over injectable biologics.
The route of administration segment includes topical, oral, and injectable forms. Topical therapies are widely used for mild to moderate psoriasis, providing localized treatment with fewer systemic side effects. However, for moderate to severe cases, oral and injectable biologics are preferred due to their systemic action and higher effectiveness. The growing preference for biologics and the introduction of new oral therapies are driving significant growth in these segments.
Distribution channels are categorized into hospital pharmacies, retail pharmacies, and online pharmacies. Hospital pharmacies hold a substantial share due to the administration of biologics and other advanced therapies in clinical settings. Retail pharmacies are crucial for dispensing topical and oral medications, catering to a broad patient base. The rise of online pharmacies, fueled by the increasing adoption of e-commerce and the convenience of home delivery, is also contributing to market growth by improving patient access to medications.
The segmentation of the Global Psoriasis Drugs Market highlights the diverse range of treatment options available and the evolving preferences in drug administration and distribution, all of which are pivotal in driving the market's expansion and addressing the varied needs of psoriasis patients.
Global Psoriasis Drugs Segment Analysis
In this report, the Global Psoriasis Drugs Market has been segmented by Type of Treatment, Mechanism of Action, Route of Administration and Geography.
Global Psoriasis Drugs Market, Segmentation by Type of Treatment
The Global Psoriasis Drugs Market has been segmented by Therapeutic Class into Tumor Necrosis Factor Inhibitors, Interleukin Inhibitors, Vitamin-D Analogues and Others.
The Global Psoriasis Drugs Market is segmented by therapeutic class into several categories, each representing distinct treatment approaches for managing psoriasis. Tumor Necrosis Factor (TNF) Inhibitors are a prominent therapeutic class that includes medications like etanercept, adalimumab, and infliximab. These biologic drugs work by targeting TNF-alpha, a cytokine involved in inflammation, and are effective in reducing symptoms of moderate to severe psoriasis by suppressing the immune response.
Interleukin Inhibitors, another key therapeutic class, target specific interleukins involved in the inflammatory pathways associated with psoriasis. Drugs such as secukinumab (IL-17 inhibitor) and ustekinumab (IL-12/23 inhibitor) belong to this category. They have shown efficacy in managing psoriasis symptoms by blocking specific cytokines responsible for the autoimmune response that triggers skin cell proliferation and inflammation.
Vitamin-D Analogues represent another class of treatments used primarily for mild to moderate psoriasis. These drugs, such as calcipotriene and calcitriol, are synthetic forms of vitamin D that regulate skin cell growth and differentiation, helping to reduce scaling and inflammation associated with psoriasis plaques.
Other therapies encompass a variety of systemic and topical treatments, including traditional systemic therapies like methotrexate and cyclosporine, as well as newer small molecules and combination therapies. Traditional systemic therapies suppress the immune system more broadly and are effective for some patients with moderate to severe psoriasis who may not respond adequately to biologics or prefer oral medications.
The segmentation of the Global Psoriasis Drugs Market by therapeutic class reflects the diverse treatment options available to address the varying severity and manifestations of psoriasis. Advances in biologic therapies targeting specific immune pathways have transformed psoriasis management, offering patients more effective and targeted treatment options compared to traditional systemic therapies. As research continues and new therapies are developed, the landscape of psoriasis treatment continues to evolve, with a focus on improving patient outcomes and quality of life.
Global Psoriasis Drugs Market, Segmentation by Mechanism of Action
The Global Psoriasis Drugs Market has been segmented by Treatment into Topicals, Systemic and Biologics.
Topical treatments are typically the first-line therapy for mild to moderate psoriasis and involve the application of creams, ointments, gels, and foams directly to affected skin areas. These medications often contain corticosteroids, vitamin D analogues (such as calcipotriene), retinoids (such as tazarotene), or coal tar derivatives. Topical treatments help reduce inflammation, itching, and scaling of psoriasis plaques by targeting localized symptoms and promoting skin cell turnover.
Systemic therapies are used for moderate to severe psoriasis that is widespread or unresponsive to topical treatments. These therapies work throughout the body to suppress the immune system and reduce inflammation associated with psoriasis. Systemic treatments include oral medications such as methotrexate, cyclosporine, and acitretin. These drugs are effective in controlling psoriasis symptoms by targeting immune responses that drive excessive skin cell growth.
Biologics represent a newer class of therapies that have revolutionized the treatment of moderate to severe psoriasis. They are derived from living organisms and target specific molecules involved in the immune response, such as tumor necrosis factor (TNF), interleukins (IL-17, IL-23), and other pathways. Biologics are administered via injection or intravenous infusion and include medications like adalimumab, etanercept, ustekinumab, secukinumab, and ixekizumab. These targeted therapies offer high efficacy in controlling psoriasis symptoms, often with fewer systemic side effects compared to traditional systemic treatments.
The segmentation of the Global Psoriasis Drugs Market by treatment type reflects the spectrum of therapeutic options available to manage psoriasis, from localized symptom relief with topical treatments to systemic therapies and highly targeted biologic therapies. Advances in treatment options continue to improve outcomes for patients with psoriasis, offering personalized approaches to address varying disease severity and patient preferences. As research and development efforts progress, the landscape of psoriasis treatment is expected to evolve further, with continued focus on improving efficacy, safety, and quality of life for individuals living with this chronic skin condition.
Global Psoriasis Drugs Market, Segmentation by Route of Administration
The Global Psoriasis Drugs Market has been segmented by Route of Administration into Oral, Parenteral, and Topical.
The route of administration of psoriasis drugs is a critical factor in determining treatment choice, with the three main categories being oral, parenteral, and topical. Oral medications are convenient and often preferred for patients who require systemic treatment for moderate to severe psoriasis. These drugs are typically taken in pill or tablet form and work by affecting the immune system to reduce inflammation throughout the body. Oral therapies are widely used due to their ease of use, but they may carry a risk of systemic side effects, which can limit their suitability for some individuals.
Parenteral treatments, which include injections or infusions, are commonly used for more severe or chronic cases of psoriasis. Biologic drugs, which are a subcategory of parenteral treatments, are often administered this way to target specific immune responses that cause psoriasis. These treatments are highly effective but typically require administration in a healthcare setting or at home with specialized training. Parenteral therapies tend to be more potent than oral treatments, providing a targeted approach to manage symptoms, but they are also more expensive and may involve more frequent monitoring.
Topical treatments remain the most common form of therapy for mild to moderate psoriasis. These treatments include creams, ointments, gels, and shampoos applied directly to the skin. Topical therapies offer a more localized solution to relieve itching, scaling, and inflammation without the risks associated with systemic medications. While they are effective for less severe cases of psoriasis, their use may be limited for individuals with widespread or severe forms of the condition, who often require a more aggressive treatment approach with systemic or parenteral therapies.
Global Psoriasis Drugs Market, Segmentation by Geography
In this report, the Global Psoriasis Drugs Market has been segmented by Geography into five regions; North America, Europe, Asia Pacific, Middle East and Africa and Latin America.
Global Psoriasis Drugs Market Share (%), by Geographical Region, 2024
North America, including the United States and Canada, often leads in market share owing to robust research and development activities, widespread adoption of biologic therapies, and favorable reimbursement policies for psoriasis treatments. Europe follows closely, with countries like Germany, France, and the UK contributing to substantial market shares driven by a well-established healthcare system and high prevalence of psoriasis cases.
Asia Pacific, Latin America, and the Middle East & Africa regions typically exhibit smaller market shares but are witnessing increasing growth due to improving healthcare infrastructure, rising disposable incomes, and growing awareness about psoriasis and its management. These regions also benefit from expanding access to biologic therapies and systemic treatments, although affordability and healthcare access disparities remain significant challenges.
The global distribution of the Psoriasis Drugs Market's market share reflects a complex interplay of healthcare policies, economic factors, and disease prevalence rates across different regions. As healthcare systems continue to evolve and access to effective treatments improves globally, the market dynamics are expected to continue shifting, with emerging markets playing an increasingly crucial role in the overall market landscape.
Market Trends
This report provides an in depth analysis of various factors that impact the dynamics of Global Psoriasis Drugs Market. These factors include; Market Drivers, Restraints and Opportunities Analysis.
Drivers, Restraints and Opportunity Analysis
Drivers:
- Increasing Prevalence of Psoriasis
- Advancements in Biologic Therapies
- Growing Awareness and Patient Education
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Rising Healthcare Expenditure -Rising healthcare expenditure is a global phenomenon driven by several interconnected factors that influence healthcare delivery, access, and outcomes. One primary driver of increasing healthcare expenditure is demographic changes, particularly aging populations in many countries. As people live longer, the prevalence of chronic diseases increases, necessitating ongoing medical care and management. This demographic shift places greater demand on healthcare systems for services ranging from preventive care to long-term treatment and management of complex conditions like cardiovascular diseases, diabetes, and cancer.
Technological advancements also contribute significantly to rising healthcare costs. While innovations in medical technology, pharmaceuticals, and treatments have improved patient outcomes and quality of care, they often come with substantial upfront costs. Advanced diagnostic tools, precision medicine approaches, and biotechnological therapies such as biologics for conditions like psoriasis are examples of technologies driving healthcare spending upwards. These innovations offer promise in improving patient outcomes but also necessitate investment in infrastructure, training, and ongoing maintenance.
Healthcare expenditure is influenced by regulatory factors and healthcare policies that vary widely across countries. Regulatory requirements for drug approval, healthcare delivery standards, and reimbursement policies can affect the accessibility and affordability of healthcare services and treatments. Countries with more stringent regulations may experience higher costs associated with compliance, which can influence overall healthcare spending.
Addressing the challenge of rising healthcare expenditure requires a balanced approach that promotes efficiency, equity, and sustainability in healthcare delivery. This includes implementing health policies that prioritize preventive care, early intervention, and chronic disease management to reduce long-term healthcare costs. Additionally, leveraging technology to streamline healthcare delivery, enhance patient outcomes, and reduce administrative burdens can help optimize healthcare spending.
Collaboration between public and private sectors, along with international cooperation and knowledge-sharing, is essential in developing innovative solutions to manage healthcare costs while ensuring access to quality care for all populations. By addressing these complex challenges comprehensively, healthcare systems can better navigate the pressures of rising expenditure and continue to improve health outcomes globally.
Restraints:
- High Cost of Biologic Treatments
- Side Effects Associated with Long-term Drug Use
- Stringent Regulatory Approvals
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Limited Access to Advanced Treatments in Developing Regions - Limited access to advanced treatments in developing regions remains a critical challenge in global healthcare equity. While medical advancements have led to sophisticated therapies for conditions like psoriasis in developed countries, many regions still lack adequate infrastructure, resources, and healthcare systems to deliver these treatments effectively.
In developing regions, access barriers to advanced psoriasis treatments stem from several factors. Firstly, there is often a shortage of trained healthcare professionals capable of administering and monitoring complex therapies such as biologics. This shortage limits the ability to diagnose and manage psoriasis effectively, particularly severe cases requiring specialized care.
The high cost of advanced treatments poses a significant financial burden on healthcare systems and patients alike. Biologic therapies, which are often the most effective for moderate to severe psoriasis, can be prohibitively expensive. This cost barrier restricts access for patients who cannot afford these treatments out-of-pocket and for healthcare systems with limited budgets.
Logistical challenges such as inadequate infrastructure for cold chain storage and transportation can hinder the distribution of biologics, which require precise handling to maintain efficacy. Without proper infrastructure, medications may not reach remote or rural areas where healthcare facilities are sparse, further exacerbating disparities in access to treatment.
Efforts to improve access to advanced psoriasis treatments in developing regions require a multi-faceted approach. This includes increasing healthcare funding and investment in healthcare infrastructure, expanding medical education and training programs to build capacity among healthcare professionals, and implementing policies to reduce the cost of medications through subsidies or partnerships with pharmaceutical companies.
Collaborations between governments, non-governmental organizations, and international bodies are also crucial in addressing these challenges. By working together to strengthen healthcare systems and improve medication distribution networks, stakeholders can enhance access to advanced psoriasis treatments and ensure that all patients, regardless of geographic location or economic status, receive the care they need.
Opportunities:
- Development of Novel Therapeutics
- Increasing Investment in R&D
- Growing Adoption of Personalized Medicine
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Expansion of Telemedicine for Dermatological Consultations - The expansion of telemedicine has revolutionized healthcare delivery, particularly in dermatology, by enhancing access to specialized care and improving patient outcomes. Dermatological conditions like psoriasis often require ongoing management and monitoring, making regular consultations essential for effective treatment. Telemedicine allows dermatologists to remotely assess and diagnose skin conditions, including psoriasis, through secure video conferencing and digital imaging technologies.
One of the primary benefits of telemedicine in dermatology is its ability to overcome geographical barriers. Patients in remote or underserved areas, where access to dermatologists may be limited, can now receive expert consultations without the need for travel. This is especially advantageous for individuals with psoriasis who require regular follow-ups to adjust treatment plans based on disease progression and response to therapy.
Telemedicine also promotes convenience and efficiency for both patients and healthcare providers. By eliminating the need for in-person visits, telemedicine saves time and reduces healthcare costs associated with travel and clinic appointments. Patients can consult with dermatologists from the comfort of their homes, which may encourage greater adherence to treatment plans and continuity of care.
Telemedicine enhances collaboration among healthcare professionals, facilitating multidisciplinary approaches to psoriasis management. Dermatologists can easily consult with rheumatologists, cardiologists, and other specialists to address the systemic implications of psoriasis and coordinate comprehensive care strategies.
The expansion of telemedicine in dermatology also presents challenges. Issues such as patient privacy, regulatory compliance, and technological infrastructure must be addressed to ensure secure and effective telehealth services. Additionally, certain aspects of dermatological care, such as physical examinations and in-office procedures, may still require in-person visits.
Competitive Landscape Analysis
Key players in Global Psoriasis Drugs Market include :
- AbbVie
- Amgen
- Johnson & Johnson
- Novartis AG
- Eli Lilly and Company
- AstraZeneca
- Celgene Corporation
- UCB
- Merck
In this report, the profile of each market player provides following information:
- Company Overview and Product Portfolio
- Key Developments
- Financial Overview
- Strategies
- Company SWOT Analysis
- Introduction
- Research Objectives and Assumptions
- Research Methodology
- Abbreviations
- Market Definition & Study Scope
- Executive Summary
- Market Snapshot, By Type of Treatment
- Market Snapshot, By Mechanism of Action
- Market Snapshot, By Route of Administration
- Market Snapshot, By Region
- Global Psoriasis Drugs Market Dynamics
- Drivers, Restraints and Opportunities
- Drivers
- Increasing Prevalence of Psoriasis
- Advancements in Biologic Therapies
- Growing Awareness and Patient Education
- Rising Healthcare Expenditure
- Restraints
- High Cost of Biologic Treatments
- Side Effects Associated with Long-term Drug Use
- Stringent Regulatory Approvals
- Limited Access to Advanced Treatments in Developing Regions
- Opportunity
- Development of Novel Therapeutics
- Increasing Investment in R&D
- Growing Adoption of Personalized Medicine
- Expansion of Telemedicine for Dermatological Consultations
- Drivers
- PEST Analysis
- Political Analysis
- Economic Analysis
- Social Analysis
- Technological Analysis
- Porter's Analysis
- Bargaining Power of Suppliers
- Bargaining Power of Buyers
- Threat of Substitutes
- Threat of New Entrants
- Competitive Rivalry
- Drivers, Restraints and Opportunities
- Market Segmentation
- Global Psoriasis Drugs Market, By Type of Treatment, 2021 - 2031 (USD Million)
- Biologic Drugs
- Small Molecule Systemic Drugs
- Tropical Therapies
- Global Psoriasis Drugs Market, By Mechanism of Action, 2021 - 2031 (USD Million)
- TNF Alpha Inhibitors
- PDE4 Inhibitors
- Interleukin Inhibitors
- Other Mechanisms of Action
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Global Psoriasis Drugs Market, By Route of Administration, 2021 - 2031 (USD Million)
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Oral
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Parenteral
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Topical
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- Global Psoriasis Drugs Market, By Geography, 2021 - 2031 (USD Million)
- North America
- United States
- Canada
- Europe
- Germany
- United Kingdom
- France
- Italy
- Spain
- Nordic
- Benelux
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australia & New Zealand
- South Korea
- ASEAN (Association of South East Asian Countries)
- Rest of Asia Pacific
- Middle East & Africa
- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
- Latin America
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- North America
- Global Psoriasis Drugs Market, By Type of Treatment, 2021 - 2031 (USD Million)
- Competitive Landscape
- Company Profiles
- AbbVie
- Amgen
- Johnson & Johnson
- Novartis AG
- Eli Lilly and Company
- AstraZeneca
- Celgene Corporation
- UCB
- Merck
- Company Profiles
- Analyst Views
- Future Outlook of the Market