Psoriatic Arthritis Treatment Global Market To Reach Value Of About $ 9.87 Billion In 2023
The global psoriatic arthritis treatment market is expected to decline from $7.47 billion in 2019 to $7.32 billion in 2020 at a compound annual growth rate (CAGR) of -1.98%. The decline is mainly due to the COVID-19 outbreak that has led to restrictive containment measures involving social distancing, remote working, and the closure of industries and other commercial activities resulting in operational challenges. The entire supply chain has been disrupted, impacting the market negatively. The market is then expected to recover and reach $9.87 billion in 2023 at a CAGR of 10.45%.
The psoriatic arthritis treatment market consists of the sale of psoriatic arthritis drugs used for the treatment of psoriatic arthritis by entities producing drugs for psoriatic arthritis. Psoriasis arthritis is a chronic inflammatory joint disease that is associated with psoriasis, whose symptoms vary from person to person.
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The global psoriatic arthritis treatment market is further segmented based on type and geography.
By Drug Class: Nonsteroidal anti-inflammatory drugs (NSAIDs), Disease-modifying anti-rheumatic drugs (DMARDs), Biologics, Others.
By Route of Administration: Oral, Parenteral, Topical.
By Distribution Channel: Hospital Pharmacies, Retail Pharmacies, Online Pharmacies.
By Geography: The global psoriatic arthritis treatment market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
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Trends In The Psoriatic Arthritis Treatment Market
The rise in the prevalence of psoriasis & psoriatic arthritis disease boosted the growth of the psoriatic arthritis treatment market. Psoriasis (Pso) and psoriatic arthritis (PsA) are inflammatory disorders that can severely impair health and quality of life.
Psoriatic Arthritis Treatment Global Market Report 2020 is one of a series of new reports from The Business Research Company that provides psoriatic arthritis treatment market overviews, analyzes and forecasts market size and growth for the global psoriatic arthritis treatment market, psoriatic arthritis treatment market share, psoriatic arthritis treatment market players, psoriatic arthritis treatment market segments and geographies, psoriatic arthritis treatment market’s leading competitors’ revenues, profiles and market shares. The psoriatic arthritis treatment market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.