Psoriasis Biologics Drugs Market by Type, Application and Region - Global Market Analysis & Forecas

INDORE, India - May 19, 2023 - PRLog -- Psoriasis biologics drugs are a type of medication used to treat severe forms of psoriasis. These drugs are made from proteins produced by living organisms, such as bacteria, viruses, or yeast. They work by targeting specific parts of the immune system to help reduce inflammation and slow down the overproduction of skin cells. These drugs are usually given as injections or intravenous infusions.

Market Drivers

Psoriasis is a chronic autoimmune skin disorder that affects more than 125 million people worldwide. The increasing prevalence of psoriasis is driving the demand for psoriasis biologics drugs. There has been an increase in awareness about psoriasis due to the increasing number of initiatives taken by various organizations and governments to spread awareness about the condition. This is driving the demand for psoriasis biologics drugs.

Market Challenge

High Cost of Biologics: The high cost of biologics is one of the most challenging factors in the global psoriasis biologics drugs market. The cost of biologics is significantly higher than conventional treatments, making them unaffordable for many patients.

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Covid-19 Impact Anaysis

The COVID-19 pandemic has had an immense impact on the global psoriasis biologics drugs market. The pandemic has caused a disruption in the supply chain of the biologics drugs, leading to an overall decline in their availability. Additionally, the pandemic has also caused a decline in the number of clinical trials taking place for the development of new biologics drugs, as well as a decline in the number of patients seeking treatment for psoriasis. Furthermore, the economic downturn caused by the pandemic has led to a decrease in the purchasing power of individuals, resulting in a decrease in the demand for psoriasis biologics drugs.

Global Psoriasis Biologics Drugs Market Segmentation

• Based on type, the global psoriasis biologics drugs market is segmented into tnf-î± inhibitor, il-12/23 target drug, il-17 target drug.
• Based on application, the psoriasis biologics drugs market is segmented into hospital pharmacies, retail pharmacies, online pharmacies.

Psoriasis Biologics Drugs Market, by Region

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • U.K.
  • France
  • Italy
  • Spain
  • Rest of Europe
• Asia Pacific
  • China
  • India
  • Japan
  • Rest of Asia Pacific
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America

Global Psoriasis Biologics Drugs Market Competitive Analysis

The report also features a competitive analysis section that includes a detailed company shares analysis, a list of mergers, acquisitions, and collaborations, as well as information on the introduction of new products to the market. Some of the prominent players in the market are Abbive, Amgen, Biocad, Eli Lilly, Innovent, Johnson & Johnson, Novartis, Sun Pharmaceutical, UCB.