Psoriatic Arthritis Market [Newest Report] Size Booming Insights and Latest Innovations to 2032

The report examines the global Psoriatic Arthritis market's drivers, restraints, and the impact they have on demand during the projection period. Furthermore, the report investigates the potential for new opportunities in the Psoriatic Arthritis market.

Market Overview

Psoriatic arthritis is a form of arthritis that affects certain patients who have already been diagnosed with psoriasis, a skin condition that results in the development of red regions on the skin that are characterised by a top layer of silver scales. In the preponderance of cases, the patient may have been afflicted with psoriasis for an extended period of time before psoriatic arthritis is detected. However, there are also instances in which the patient experiences joint pain prior to the development of skin patches. Stiffness, joint pain, and persistent oedema are the primary symptoms of psoriatic arthritis.

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The intensity rate of the condition may vary from one patient to another, ranging from moderate to severe, and it may manifest in any part of the body, including the spine and fingertips. The diseases and their symptoms may experience frequent remission in both of the associated conditions, but they may also flare up at any time. Psoriatic arthritis can have a severe impact on the bodily joints if left untreated for an extended period. Consequently, it is advised that patients seek medical care as soon as the disease is diagnosed.

Key Insights

• As per the analysis shared by our research analyst, the global psoriatic arthritis market is estimated to grow annually at a CAGR of around 11.35% over the forecast period (2022-2030)
• In terms of revenue, the global psoriatic arthritis market size was valued at around USD 8.82 billion in 2021 and is projected to reach USD 22.23 billion, by 2030.
• The market is projected to grow at a significant rate due to the growing number of patients suffering from psoriasis
• Based on the route of administration segmentation, parenteral was predicted to show maximum market share in the year 2021
• Based on distribution channel segmentation, hospital pharmacies were the leading channels in 2021
• On the basis of region, North America was the leading revenue generator in 2021

Industry Growth Factor

Psoriatic arthritis is a form of arthritis that affects certain patients who have already been diagnosed with psoriasis, a skin condition that results in the development of red regions on the skin that are characterised by a top layer of silver scales. In the preponderance of cases, the patient may have been afflicted with psoriasis for an extended period of time before psoriatic arthritis is detected. However, there are also instances in which the patient experiences joint pain prior to the development of skin patches. Stiffness, joint pain, and persistent oedema are the primary symptoms of psoriatic arthritis.

As per the analysis shared by the research analyst, the global Psoriatic Arthritis market is projected to grow at a compound annual growth rate (CAGR) of approximately 11.35% during the forecast period from 2023 to 2032.

The intensity rate of the condition may vary from one patient to another, ranging from moderate to severe, and it may manifest in any part of the body, including the spine and fingertips. The diseases and their symptoms may experience frequent remission in both of the associated conditions, but they may also flare up at any time. Psoriatic arthritis can have a severe impact on the bodily joints if left untreated for an extended period. Consequently, it is advised that patients seek medical care as soon as the disease is diagnosed.

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• Bausch Health Companies Inc.
• 安进
• 百时美施贵宝
• AbbVie
• 优时比
• 强生公司
• 阿斯利康
• 礼来
• PFIZER INC.
• Celgene

The global psoriatic arthritis market is segmented as follows:

By Route Of Administration Segment Analysis

• Parenteral
• Oral
• Topical

By Drug Class Segment Analysis

• Non-Biologic Disease Modifying Anti-Rheumatic Drugs (DMARDs)
• Non-Steroidal Anti-Inflammatory Drugs (NSAIDs)
• Biologic Disease Modifying Anti-Rheumatic Drugs (DMARDs)

By Distribution Channel Segment Analysis

• Retail Pharmacies
• Hospital Pharmacies
• Online Pharmacies

?? Regional Insight by FnF Research ?

The North American region is expected to experience the most significant growth in the global psoriatic arthritis market, with the United States dominating the regional market. This growth can be attributed to the widespread awareness of the condition among the patient group and the medical community, which enables early diagnosis of the disease and the commencement of treatment during the initial stages.

The advanced healthcare infrastructure of the region also enables medical professionals to provide effective treatment and medication, which is further bolstered by the presence of excellent medical reimbursement policies. Additionally, the increasing number of FDA clearances and approvals of medications used for the treatment of diseases could contribute to the region's growth. The increasing prevalence of psoriasis, psoriatic arthritis, and rheumatoid arthritis are also influential factors.

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https://www.fnfresearch.com/psoriatic-arthritis-market

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