{"id":53275,"date":"2023-01-25T13:02:03","date_gmt":"2023-01-25T12:02:03","guid":{"rendered":"https:\/\/pharma-trend.com\/en\/the-worldwide-psoriasis-therapeutics-industry-is-estimated-to-reach-55-8-billion-by-2031-at-a-9-3-cagr-researchandmarkets-com\/"},"modified":"2023-01-25T13:02:03","modified_gmt":"2023-01-25T12:02:03","slug":"the-worldwide-psoriasis-therapeutics-industry-is-estimated-to-reach-55-8-billion-by-2031-at-a-9-3-cagr-researchandmarkets-com","status":"publish","type":"post","link":"https:\/\/pharma-trend.com\/en\/the-worldwide-psoriasis-therapeutics-industry-is-estimated-to-reach-55-8-billion-by-2031-at-a-9-3-cagr-researchandmarkets-com\/","title":{"rendered":"The Worldwide Psoriasis Therapeutics Industry is Estimated to Reach $55.8 Billion by 2031 at a 9.3% CAGR – ResearchAndMarkets.com"},"content":{"rendered":"
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DUBLIN–(BUSINESS WIRE)–The “Psoriasis Therapeutics Market By Drug Class, By Type, By Route of Administration: Global Opportunity Analysis and Industry Forecast, 2021-2031”<\/a> report has been added to ResearchAndMarkets.com’s<\/strong> offering.\n<\/p>\n

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\nAccording to this report the psoriasis therapeutics market size was valued at $22.9 billion in 2021, and is estimated to reach $55.8 billion by 2031, growing at a CAGR of 9.3% from 2022 to 2031.\n<\/p>\n

\nPsoriasis is a skin disorder that causes skin cells to multiply up to 10 times faster than normal. This makes the skin build up into bumpy red patches covered with white scales. They can grow anywhere, but most appear on scalp, elbows, knees, and lower back. Psoriasis cannot pass from person to person. It does sometimes happen in members of the same family. Psoriasis usually appears in early adulthood.\n<\/p>\n

\nFor most people, it affects just a few areas. In severe cases, it can cover large parts of the body. The patches can heal and then come back throughout a person’s life.\n<\/p>\n

\nHowever, there are many treatments. Some slow the growth of new skin cells, and others relieve itching and dry skin. A Doctor selects a treatment plan that is right for patient based on the size of rash, where it is on the body, age, overall health, and other things of patients.\n<\/p>\n

\nCommon treatments include steroid creams, moisturizers for dry skin coal tar (a common treatment for scalp psoriasis available in lotions, creams, foams, shampoos, and bath solutions), vitamin D-based cream or ointments, and Retinoid creams.\n<\/p>\n

\nMajor factors that drive growth of the global psoriasis therapeutics market include increase in geriatric population, growth in prevalence of plaque and psoriatic arthritis, favorable reimbursement policies, and rise in prescription volume of biological products. In addition, rise in awareness among people regarding different treatments available in the market further propel the market growth.\n<\/p>\n

\nHowever, health risks posed, owing to medication along with high costs of therapies restrain growth of the psoriasis therapeutics market during the forecast period. Conversely, increase in development of new biologics and novel pipeline drugs and high growth potential in untapped emerging countries are anticipated to provide lucrative opportunities to the market players.\n<\/p>\n

\nKey Benefits For Stakeholders<\/strong>\n<\/p>\n