The psoriasis treatment market size was USD 24.33 billion in 2021. The market is projected to grow from USD 26.37 billion in 2022 to USD 47.24 billion in 2029 at a CAGR of 8.7% during the 2022-2029 period. This vital information is presented by Fortune Business Insights™, in its report titled, “Psoriasis Treatment Market, 2022-2029.” Factors, such as rising geriatric population, increasing prevalence of plaque psoriasis, and psoriasis arthritis, will increase the footprint of the market during the forecast period. Additionally, increased focus on biologics by prominent players will foster the market growth.
Industry DevelopmentOctober 2021 – Sun Pharmaceutical Industries Ltd. announced the availability of ILUMYA in Canada for the treatment of moderate-to-severe plaque psoriasis to strengthen its presence in Canada.
Request a Sample Copy of the Research Report:https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/psoriasis-treatment-market-100600Drivers & RestraintsRising Prevalence of Psoriasis & Rocketing Biological Therapy Approvals to Augment Market Growth
Factors such as the increasing occurrence of psoriasis on a global scale and rising demand for safe and effective therapies will boost the psoriasis treatment market growth during the forecast period. Integration of biologicals in the treatment of psoriatic disorders and rising collaborative efforts among the dominant players will increase the footprint of the market. Also, increased focus on developing biologics will fuel the growth of the market.
However, high medications costs will limit the growth of the market during the forecast period to a certain extent.
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