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).
Report ID: Rn126042047 Published Date: March, 2025 Updated Date: April, 2025

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.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Type of Treatment
    2. Market Snapshot, By Mechanism of Action
    3. Market Snapshot, By Route of Administration
    4. Market Snapshot, By Region
  4. Global Psoriasis Drugs Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Increasing Prevalence of Psoriasis
        2. Advancements in Biologic Therapies
        3. Growing Awareness and Patient Education
        4. Rising Healthcare Expenditure
      2. Restraints
        1. High Cost of Biologic Treatments
        2. Side Effects Associated with Long-term Drug Use
        3. Stringent Regulatory Approvals
        4. Limited Access to Advanced Treatments in Developing Regions
      3. Opportunity
        1. Development of Novel Therapeutics
        2. Increasing Investment in R&D
        3. Growing Adoption of Personalized Medicine
        4. Expansion of Telemedicine for Dermatological Consultations
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Psoriasis Drugs Market, By Type of Treatment, 2021 - 2031 (USD Million)
      1. Biologic Drugs
      2. Small Molecule Systemic Drugs
      3. Tropical Therapies
    2. Global Psoriasis Drugs Market, By Mechanism of Action, 2021 - 2031 (USD Million)
      1. TNF Alpha Inhibitors
      2. PDE4 Inhibitors
      3. Interleukin Inhibitors
      4. Other Mechanisms of Action
    3. Global Psoriasis Drugs Market, By Route of Administration, 2021 - 2031 (USD Million)

      1. Oral

      2. Parenteral

      3. Topical

    4. Global Psoriasis Drugs Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. AbbVie
      2. Amgen
      3. Johnson & Johnson
      4. Novartis AG
      5. Eli Lilly and Company
      6. AstraZeneca
      7. Celgene Corporation
      8. UCB
      9. Merck
  7. Analyst Views
  8. Future Outlook of the Market