Psoriasis Market to Register Immense Growth by 2032, Predicts DelveInsight | Key Companies Working in Space - Biohaven, Bristol-Myers Squibb, UCB Pharma, Janssen, Novartis, Pfizer, Boehringer Ingelheim, AbbVie, Aclaris

The expected launch of novel therapies shall fuel the growth of the psoriasis market during the forecast period, i.e., 2023–2032. The psoriasis market size is mainly dominated by biological therapies, which contribute highly towards the overall psoriasis market share.

New York, USA, July 25, 2023 (GLOBE NEWSWIRE) -- *Psoriasis Market to Register Immense Growth by 2032, Predicts DelveInsight | Key Companies Working in Space - Biohaven, Bristol-Myers Squibb, UCB Pharma, Janssen, Novartis, Pfizer, Boehringer Ingelheim, AbbVie, Aclaris*

*The expected launch of novel therapies shall fuel the growth of the psoriasis market during the forecast period, i.e., 2023–2032. The psoriasis market size is mainly dominated by biological therapies, which contribute highly towards the overall psoriasis market share.*

DelveInsight’s *Psoriasis Market Insights* report includes a comprehensive understanding of current treatment practices, psoriasis emerging drugs, market share of individual therapies, and current and forecasted market size from 2019 to 2032, segmented into 7MM [the United States, the EU-4 (Italy, Spain, France, and Germany), the United Kingdom, and Japan].

*Key Takeaways from the Psoriasis Market Report*

· As per DelveInsight’s analysis, the psoriasis market size in the 7MM was approximately *USD 500 million* in 2022.
· According to the assessment done by DelveInsight, the US accounted for around *8.4 million* diagnosed prevalent cases of psoriasis in 2022. Among the prevalent cases, nearly *99%* of cases were found in adults, while only *1%* of the cases were contributed by the pediatric population.
· Leading psoriasis companies such as *Hangzhou Highlightll Pharmaceutical Co., Ltd, Biohaven Pharmaceuticals, Inc., SFA Therapeutics, Bristol-Myers Squibb, Ventyx Biosciences, Inc, Amgen, AbbVie, Alumis Inc, DICE Therapeutics, Inc., UCB Pharma, Janssen Research & Development, LLC, Arcutis Biotherapeutics, Inc., AnaptysBio, Inc., Sun Pharmaceutical Industries Limited, Novartis, Pfizer, Boehringer Ingelheim, KoBioLabs, Abcentra, Aclaris Therapeutics, *and others are developing novel psoriasis drugs that can be available in the psoriasis market in the coming years.
· Some of the key therapies for psoriasis treatment include *TLL018 tablets, Rimegepant, SFA002, BMS-986165, BMS-986322, VTX958, Apremilast, Risankizumab, ESK-001, DC-806, Bimekizumab, JNJ-77242113, Topical roflumilast, Imsidolimab, Tildrakizumab, Secukinumab, PF-07038124, Spesolimab, KBL697, Orticumab, ATI-450**, *and others. 
· In *January 2023,* *SFA Therapeutics* announced that the US FDA cleared to proceed with an extension to the ongoing Phase Ib clinical trial of SFA-002 for psoriasis. The trial is expected to complete by September 2023.
· In *June 2022, Soligenix* received FDA IND Clearance for phase II trial in the treatment of psoriasis. The trial is expected to complete by the end of 2023

Discover which therapies are expected to grab the major psoriasis market share @ *Psoriasis Market Report*

*Psoriasis Overview*

Psoriasis is a chronic autoimmune disease that affects the skin, causing it to become inflamed, red, and covered with scaly patches. It is a common condition that affects millions of people worldwide. Psoriasis is characterized by an overactive immune system, which accelerates the growth cycle of skin cells, leading to the rapid buildup of thick, silvery scales on the surface of the skin. The symptoms of psoriasis can vary from person to person, but some common signs include red patches of skin with thick, white, or silvery scales, itching and burning sensations, dry and cracked skin that may bleed, and swollen and stiff joints. Psoriasis can occur on any part of the body, but it is commonly found on the elbows, knees, scalp, lower back, and nails.

The exact cause of psoriasis is still not fully understood, but it is believed to be a combination of genetic and environmental factors. Diagnosing psoriasis is usually done by a dermatologist, who examines the affected skin and takes into account the patient's medical history. There is no specific test for psoriasis, but sometimes a skin biopsy may be performed to rule out other skin conditions. The severity of psoriasis can also be assessed using various classification systems, which take into account the extent of skin involvement and the impact on the patient's quality of life.

*Psoriasis Epidemiology Segmentation*

The psoriasis epidemiology section provides insights into the historical and current psoriasis patient pool and forecasted trends for the seven individual major countries. It helps recognize the causes of current and forecasted trends by exploring numerous studies and views of key opinion leaders.

The *psoriasis market report* proffers epidemiological analysis for the study period 2019–2032 in the 7MM segmented into:

· Diagnosed Prevalence of Psoriasis in Adults
· Diagnosed Prevalence of Psoriasis in Pediatrics
· Diagnosed Prevalence of Psoriasis by Types
· Diagnosed Prevalence of Psoriasis by Location
· Diagnosed Prevalence of Psoriasis by Severity

Download the report to understand which factors are driving psoriasis epidemiology trends @ *Psoriasis Epidemiological Insights*

*Psoriasis Treatment Market *

For the symptomatic treatment of psoriasis, a variety of medications are available. Topical therapies that modify gene transcription, decrease cell proliferation, and promote keratinocyte differentiation are typically used to treat mild-to-moderate psoriasis. These conditions can be treated topically with glucocorticoids, vitamin D analogs, and phototherapy. Corticosteroids, retinoids like *tazarotene*, and calcineurin inhibitors like *tacrolimus*, vitamin D analogs like *calcipotriene or calcitriol*, and combos like calcipotriol plus betamethasone dipropionate are all common topical psoriasis treatments.

Furthermore, switching psoriasis treatments is a regular, approved practice used to better disease management and patient outcomes in the event of therapy failure. However, switching therapies presents certain difficulties. For example, switching therapy decision-making criteria are not clearly defined, and there is minimal data on how to transition from one treatment to another in ordinary clinical practice. Furthermore, a fraction of individuals experienced worsening psoriasis signs and symptoms after switching medicines.

Another problem is ensuring that the patient tolerates the new therapy. Some psoriasis treatments may cause side effects or necessitate careful monitoring. If the patient develops bad effects or the previous treatment becomes intolerable, it may be necessary to switch to a different therapy. Furthermore, switching therapy can result in antibody formation in the medicine, making it less effective and rendering it ineffective in the future.

To know more about psoriasis treatment, visit @ *Psoriasis Treatment Drugs** *

*Key Psoriasis Therapies and Companies*

· TLL018 tablets: Hangzhou Highlightll Pharmaceutical Co., Ltd
· Rimegepant: Biohaven Pharmaceuticals, Inc.
· SFA002: SFA Therapeutics
· BMS-986165: Bristol-Myers Squibb
· BMS-986322:Bristol-Myers Squibb
· VTX958: Ventyx Biosciences, Inc
· Apremilast: Amgen
· Risankizumab: AbbVie
· ESK-001: Alumis Inc
· DC-806: DICE Therapeutics, Inc.
· Bimekizumab: UCB Pharma
· JNJ-77242113: Janssen Research & Development, LLC
· Topical roflumilast: Arcutis Biotherapeutics, Inc.
· Imsidolimab: AnaptysBio, Inc.
· Tildrakizumab: Sun Pharmaceutical Industries Limited
· Secukinumab: Novartis
· PF-07038124: Pfizer
· Spesolimab: Boehringer Ingelheim
· KBL697: KoBioLabs
· Orticumab: Abcentra
· ATI-450: Aclaris Therapeutics, Inc.

Learn more about the FDA-approved drugs for psoriasis @ *Drugs for* *Psoriasis Treatment** *

*Psoriasis Market Dynamics*

The dynamics of the psoriasis market are anticipated to change in the coming years. Significant progress has been achieved in understanding *disease pathophysiology, diagnosis, and therapy effects* in psoriasis. Psoriasis *rates in children and adolescents* have been studied in numerous countries. Many therapies are being studied in *various stages of clinical trials*. Moreover, patients are eager to pay for pricey therapy due to their *low quality of life* as a result of their psoriasis. Furthermore, the *anticipated introduction of emerging therapies* with improved efficacy and a further *improvement in the diagnosis rate* are expected to drive the growth of the psoriasis market in the 7MM.

However, certain factors may affect the growth of the psoriasis market. Despite the severity of their suffering and damage, only approximately *half of individuals* with the disorder seek treatment and those who do usually do so after 15 to 20 years of symptoms. *Prevalence estimates differ*, with much of the variation likely attributable to changes in the instruments used to determine diagnosis. Moreover, *lack of acknowledgment* of the disease by healthcare professionals, stigmatization of mental health services, fear of being poorly judged, general *lack of awareness* about the availability of effective therapies, and restricted service availability in many places.

Furthermore, as a result of *functional disability*, low educational success, *loss of work productivity*, social impairment, increased financial dependency, and degradation in quality of life, psoriasis imposes significant economic costs on individuals, their families and carers, and society. Despite the *availability of effective medications*, less than *5%* of patients with psoriasis seek therapy within a year of the disease’s inception, and *more than a* *third report *symptoms for 10 years or more before seeking help. Thus, these factors altogether may hamper the growth of the psoriasis market in the coming years.

*Psoriasis Report Metrics* *Details*
Study Period 2019–2032
Psoriasis Report Coverage 7MM [The United States, the EU-4 (Germany, France, Italy, and Spain), the United Kingdom, and Japan]
Psoriasis Market Size in 2022 USD 500 Million
Key Psoriasis Companies Hangzhou Highlightll Pharmaceutical Co., Ltd, Biohaven Pharmaceuticals, Inc., SFA Therapeutics, Bristol-Myers Squibb, Ventyx Biosciences, Inc, Amgen, AbbVie, Alumis Inc, DICE Therapeutics, Inc., UCB Pharma, Janssen Research & Development, LLC, Arcutis Biotherapeutics, Inc., AnaptysBio, Inc., Sun Pharmaceutical Industries Limited, Novartis, Pfizer, Boehringer Ingelheim, KoBioLabs, Abcentra, Aclaris Therapeutics, and others
Key Psoriasis Therapies TLL018 tablets, Rimegepant, SFA002, BMS-986165, BMS-986322, VTX958, Apremilast, Risankizumab, ESK-001, DC-806, Bimekizumab, JNJ-77242113, Topical roflumilast, Imsidolimab, Tildrakizumab, Secukinumab, PF-07038124, Spesolimab, KBL697, Orticumab, ATI-450, and others

*Scope of the **Psoriasis** Market Report*

· *Therapeutic Assessment: *Psoriasis current marketed and emerging therapies
· *Psoriasis* *Market Dynamics:* Attribute Analysis of Emerging Psoriasis Drugs
· *Competitive Intelligence Analysis:* SWOT analysis and Market entry strategies
· *Unmet Needs, KOL’s views, Analyst’s views, Psoriasis Market Access and Reimbursement*

Discover more about psoriasis drugs in development @ *Psoriasis Clinical Trials*

*Table of Contents*

1. Psoriasis Market Key Insights
2. Psoriasis Market Report Introduction
3. Psoriasis Market Overview at a Glance
4. Psoriasis Market Executive Summary
5. Disease Background and Overview
6. Psoriasis Treatment and Management
7. Psoriasis Epidemiology and Patient Population
8. Patient Journey
9. Psoriasis Marketed Drugs
10. Psoriasis Emerging Drugs
11. Seven Major Psoriasis Market Analysis
12. Psoriasis Market Outlook
13. Potential of Current and Emerging Therapies
14. KOL Views
15. Unmet Needs
16. SWOT Analysis
17. Appendix
18. DelveInsight Capabilities
19. Disclaimer
20. About DelveInsight

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