By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Health Works CollectiveHealth Works Collective
  • Health
    • Mental Health
    Health
    Healthcare organizations are operating on slimmer profit margins than ever. One report in August showed that they are even lower than the beginning of the…
    Show More
    Top News
    UV damage to eyes
    Warning Signs of Long-Term UV Damage to Your Eyes
    December 9, 2021
    degree for healthcare job
    The Ultimate Healthcare Recruiting and Staffing Guidebook
    March 21, 2022
    medicare part d benefits
    Everything that You Need to Know About Medicare Part D
    August 15, 2022
    Latest News
    Clean Your Mattress Properly to Avoid Common Health Issues
    March 29, 2023
    5 Benefits Of HIPAA-Compliant Answering Services
    March 28, 2023
    3 Ways To Deal With Health Issues In Cities With High Pollution
    March 22, 2023
    What Tools Should Your Caregiver Have?
    March 22, 2023
  • Policy and Law
    • Global Healthcare
    • Medical Ethics
    Policy and Law
    Get the latest updates about Insurance policies and Laws in the Healthcare industry for different geographical locations.
    Show More
    Top News
    Fragmentation: The Enemy of Patient Outcomes
    May 1, 2015
    Like I said: United’s ACA exchange departure is no big deal
    January 29, 2016
    5 Reasons You Might Want To Try Full Spectrum CBD Oil
    September 28, 2020
    Latest News
    What Are Bioidentical Hormones Made With?
    March 23, 2023
    Cover Medical Costs of Child Dog Bites with Legal Specialists
    March 23, 2023
    3 Ways to Improve the U.S. Healthcare System By 2030
    March 14, 2023
    6 Steps To Ensure Speed And Efficiency Of Clinical Studies
    March 14, 2023
  • Medical Innovations
  • News
  • Wellness
  • Tech
Search
© 2023 HealthWorks Collective. All Rights Reserved.
Reading: Why The Psoriatic Arthritis Treatment Market Is Set To Grow
Share
Sign In
Notification Show More
Latest News
healthy travel tips when visiting Australia
7 Essential Tips to Stay Safe and Healthy Visiting Australia
News
health risks of dirty mattress
Clean Your Mattress Properly to Avoid Common Health Issues
Health
eligble for NDIS?
Are You Eligible For NDIS? How To Apply
News
upgrade to your nursing career
4 Pertinent Ways to Upgrade Your Nursing Career
Nursing
career in nursing
8 Keys to A Fulfilling & Successful Career in Nursing
Career
Aa
Health Works CollectiveHealth Works Collective
Aa
Search
Have an existing account? Sign In
Follow US
  • About
  • Contact
  • Privacy
© 2023 HealthWorks Collective. All Rights Reserved.
Health Works Collective > eHealth > Why The Psoriatic Arthritis Treatment Market Is Set To Grow
eHealthNews

Why The Psoriatic Arthritis Treatment Market Is Set To Grow

Ankush Nikam
Last updated: 2020/09/28 at 8:10 PM
Ankush Nikam
Share
6 Min Read
SHARE

 

The increasing prevalence of psoriatic arthritis (PsA) and high adoption rate of conventional DMARD therapies in cost-sensitive markets are the major factors projected to drive the growth of the psoriatic arthritis treatment market throughout the forecast period. According to the latest research by the company, the global psoriatic arthritis (PsA) treatment market is expected to account for over US$ 15,631.0 Mn in terms of value by 2028 end. The report on the psoriatic arthritis (PsA) treatment market further projects significant growth potential through to 2028.

Increasing burden of psoriatic arthritis (PsA), worldwide, in recent years, and increasing clinical research on the development of new drugs for psoriatic arthritis (PsA) treatment are expected to significantly boost the market for psoriatic arthritis (PsA) treatment during the forecast period. According to the Arthritis Foundation, around 60 to 70% patients with psoriasis go on to suffer from PsA, and 15 to 20% arthritis patients go on to suffer from psoriasis, which is expected to contribute to the growth of the market for psoriatic arthritis (PsA) treatment market.

Companies are investigating several novel anti-rheumatic disease modifying agents that are expected to be present in the market in the next 10 years, the uptake of which by patients and prescribers will significantly push market growth for psoriatic arthritis (PsA) treatment over the forecast period. Increasing funding for research and development is one of the factors shaping economic growth and driving the psoriatic arthritis (PsA) treatment market.

More Read

hair transplants for cancer patients

Why Reputable Hair Transplant Clinics Can Help Cancer Patients

How to Combat Home Sickness After Moving Abroad
The Health and Legal Risks of Living in Your Vehicle
Nutrition Advice: Cut Back on Added Sugar (+ Save Money)
The Everest Foundation’s Mission to Support Inclusive Healthcare

The emergence of novel therapies for psoriatic arthritis (PsA) treatment creates huge opportunities for the psoriatic arthritis (PsA) treatment market to grow during the forecast period. Enhanced understanding of PsA pathophysiology has led to the innovation and development of new agents targeting different molecules that drive disease pathogenesis, such as IL-17, IL-12/23, IL-23, JAKs, and PDE4, which have created a huge opportunity in the market for psoriatic arthritis (PsA) treatment for the near future.

With the growing potential of biosimilars DMARDs, as majority of the blockbuster antibody products such as Erbitux (Feb 2016), Remicade (Dec 2016), and Tysabri (2020) are poised to expire protection in the next few years, manufacturers of antibody-based drugs have a huge opportunity to enter into the thriving market of biosimilars, which is expected to further boost the psoriatic arthritis (PsA) treatment market in the forecast period.

The focus of various manufacturers on extending their product pipelines with the expiry of the patents of various novel formulations is expected to generate significant opportunities in psoriatic arthritis (PsA) treatment to enhance the use of these products, due to comparatively lower prices as well as their widespread acceptance for rheumatoid arthritis and psoriatic arthritis (PsA) treatment. According to the National Psoriasis Foundation, there are more than 20 drugs in phase II and more than 28 drugs in phase III in clinical trials, along with 24 drugs approved by the FDA for psoriasis and psoriatic arthritis (PsA) treatment. Due to a strong product pipeline in psoriasis and psoriatic arthritis (PsA) treatment, various manufacturers are filing approval applications to the FDA for the launch of products, which is expected to spur the psoriatic arthritis (PsA) treatment market. In 2017, the U.S. Food and Drug Administration (FDA) approved tofacitinib (Xeljanz) and ixekizumab (Taltz) for psoriatic arthritis (PsA) treatment.

We have segmented the global psoriatic arthritis (PsA) treatment market based on product type, route of administration, and distribution channel. By product type, the psoriatic arthritis (PsA) treatment market is segmented into nonsteroidal anti-inflammatory drugs, disease modifying antirheumatic drugs, and biologics. In terms of revenue, the biologics segment, by product type, in the psoriatic arthritis (PsA) treatment market, is projected to hold a significant share over the forecast period. By route of administration, the psoriatic arthritis (PsA) treatment market is segmented into oral and injectable. The distribution channel segments in the psoriatic arthritis (PsA) treatment market include hospital pharmacies, retail pharmacies, and mail order pharmacies.

The company?s report tracks some of the key companies operating in the psoriatic arthritis (PsA) treatment market, such as Pfizer Inc., Johnson & Johnson, AbbVie Inc., Amgen Inc., Bristol-Myers Squibb Company, UCB S.A., Eli Lilly & Co, Novartis AG, Celgene Corporation, and AstraZeneca PLC, among others. Key companies such as Amgen, AbbVie Inc. are expected to hold more than 56% revenue share for biosimilars in the global psoriatic arthritis (PsA) treatment market.

Final Thoughts

The psoriatic arthritis treatment market is growing at a rapid pace. This makes for a potential wider range of options for anyone suffering from psoriatic arthritis, and even better options on the horizon.

TAGGED: arthritis, arthritis treatment, pharmaceutical market, pharmaceutical treatments, pharmaceuticals, psoriatic arthritis, Psoriatic Arthritis (PsA) Treatment Market, Psoriatic Arthritis (PsA) Treatment Market size, psoriatic arthritis treatment market

Sign Up For Daily Newsletter

Be keep up! Get the latest breaking news delivered straight to your inbox.
By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
Ankush Nikam March 5, 2019
Share this Article
Facebook Twitter Copy Link Print
Share
By Ankush Nikam
Follow:
Ankush Nikam is a market research writer, and he covers research-oriented topics for B2B audiences. Ankush has covered a range of B2B topics, including but not limited to, automotive, industrial goods, food & beverage, and ICT. He has collaborated with industry-experts and thought leaders to bring interesting insights to the fore
Previous Article Therapy Saves Lives: Why Mental Health Treatment Is Important
Next Article Autism On Tape: Using Video To End Dx Delays, Boost Service Access Autism On Tape: Using Video To End Dx Delays, Boost Service Access

Stay Connected

1.5k Followers Like
4.5k Followers Follow
2.8k Followers Pin
136k Subscribers Subscribe

Latest News

healthy travel tips when visiting Australia
7 Essential Tips to Stay Safe and Healthy Visiting Australia
News March 29, 2023
health risks of dirty mattress
Clean Your Mattress Properly to Avoid Common Health Issues
Health March 29, 2023
eligble for NDIS?
Are You Eligible For NDIS? How To Apply
News March 29, 2023
upgrade to your nursing career
4 Pertinent Ways to Upgrade Your Nursing Career
Nursing March 29, 2023

You Might also Like

healthy travel tips when visiting Australia
News

7 Essential Tips to Stay Safe and Healthy Visiting Australia

March 29, 2023
eligble for NDIS?
News

Are You Eligible For NDIS? How To Apply

March 29, 2023
CPR classes
News

What Are the Different Levels of CPR Training?

March 29, 2023
relation between Trauma and Chronic Pain
NewsWellness

Understanding the Relationship Between Trauma and Chronic Pain

March 28, 2023
//

We influence million of users and is the most authentic source of information on healthcare business and technology news.

Quick Links

  • About
  • Contact
  • Privacy
Subscribe

Subscribe to our newsletter to get our newest articles instantly!

Follow US

© 2008-2023 HealthWorks Collective. All Rights Reserved.

Removed from reading list

Undo
Welcome Back!

Sign in to your account

Lost your password?