Global Plaque Psoriasis Market is expected to register a steady CAGR of 4.03% in the forecast period of 2019-2026. The report contains data from the base year of 2018 and the historic year of 2017.
Plaque psoriasis is a type of skin disorder wherein patients suffer from large dry, itchy patches of skin on their bodies. These patches constitute of skin-cell build up and are generally prevalent on the scalp, elbows, lower back and knees. This condition is the most common variant of psoriasis which is an autoimmune chronic disorder. Although, no commercialized treatment methods are available, various disease management therapies are being commercialized in the market.
Key Market Competitors:
Few of the major competitors currently working in the global plaque psoriasis market are Johnson & Johnson Services, Inc.; AbbVie Inc.; Amgen Inc.; Novartis AG; Pfizer Inc.; Eli Lilly and Company; Merck & Co., Inc.; Sun Pharmaceutical Industries Ltd.; LEO Pharma; CELGENE CORPORATION; Can Fite Biopharma; UCB S.A.; ALLERGAN; Dermira, Inc.; Galectin Therapeutics Inc.; Biogen; Dr. Reddy’s Laboratories Ltd.; Bausch Health; LUPIN and AstraZeneca among others.
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Plaque Psoriasis market report brings together a detailed study of the present and upcoming opportunities to elucidate the future investment in the Pharmaceutical industry. This report is a valuable source of assistance for companies and individuals that offers industry chain structure, business strategies and proposals for new project investments. Plaque Psoriasis report introduces top to bottom evaluation of the Pharmaceutical industry including empowering technologies, key trends, market drivers, challenges, standardization, regulatory landscape, opportunities, future guide, value chain, ecosystem player profiles and strategies. The report also analyses various inhibitors as well as motivators of the market in both quantitative and qualitative manners to provide accurate information to the end users.
Market Drivers
Increasing costs incurred on biologic therapeutics for the treatment of various disorders from the U.S. region is expected to drive the growth of the market
Availability of easy to utilize therapeutic systems such as phototherapy and topical therapeutic system for the disease are factors driving the growth of the market
Lack in the availability of therapies for treating the disease is expected to induce greater innovations and advancements in the market
Market Restraints
Lack of effectiveness in the treatment of the disease through topical therapy system is expected to restrict the growth of the market
High costs associated with the biologic therapy systems for the disease is also expected to restrict the growth of the market
Lack of effective reimbursement scenarios for the treatment of the disease; this factor is also expected to restrain the growth of the market
Competitive Analysis:
Global plaque psoriasis market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of plaque psoriasis market for global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
Segmentation: Plaque Psoriasis Market
By Therapy Type (Topical, Phototherapy, Systemic Agents, Biologic Therapies)
By Application (Hospitals, Clinics, Others)
By Geography (North America, Europe, Asia-Pacific, South America, Middle East and Africa)
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The segment that is expected to dominate the market as well as the segment which holds highest CAGR in the forecast period
Regions/Countries that are expected to witness the fastest growth rates during the forecast period
The latest developments, market shares, and strategies that are employed by the major market players
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