The report also discusses in detail the recent mergers and acquisitions, joint ventures, collaborations, product launches and brand promotions, agreements, corporate and government deals, and partnerships, among others. The report also sheds light on the recent technological developments and product advancements in the Active Psoriatic Arthritis market. The competitive landscape of the report has been formulated by considering all the vital parameters such as company profiling, market share, recent developments and advancements, gross margins, product portfolio, revenue generation, financial standing, market position, and expansion plans.
According to the current analysis of Emergen Research, the global Active Psoriatic Arthritis Market was valued at USD 7.15 billion in 2019 and is expected to reach USD 13.64 billion by 2027, at a CAGR of 9.2%. Significant growth in incidences of active psoriatic arthritis is observed across emerging countries together with increasing elderly population. Also, poor standard of living due to stressful work-life balance resulting in the overstimulation of immune system.
Rising advancements in biosimilars and robust pipeline of biologic products are expressively enhancing the availability of safe and efficient psoriatic arthritis treatment. High incidence of psoriatic arthritis is extensively experienced by those patients who are already suffering from plague psoriasis. These scenarios are actively contribute to the industry growth of active psoriatic arthritis treatment and therefore, demand for drugs linked with this treatment are also likely to escalate in the forecast period.
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Some Key Highlights from the Report
- Due to high emergence and employability of biologics and biosimilar products in potential treatment, biologics drug class segment accounted for the largest market share of approximately 39.8%. Moreover, traditional biologics have a capacity to improve complete immune system
- Biologics and biosimilar products are mostly sold only on the basis of prescription. Prescription products segment in the products outlook accounted for the largest market revenue with a market share of approximately 47.5% in 2019
- Existing market players operating in the industry have undertaken a number of strategies to propel in the market. Thus, in August 2019, Amgen and Bristol-Myers Squibb (BMS) announced to have acquired worldwide rights to Otezla (only oral non-biologic treatment for psoriasis and psoriatic arthritis) from Bristol-Myers Squibb’s merger partner Celgene
- Emerging countries of Asia Pacific offer large number of patient pool as countries like India and China holds high population density along with high frequency of psoriatic arthritis especially in geriatric population. Asia Pacific registered noteworthy CAGR of 10.2% in 2019 and is expected to intensify its growth rate over the forecast period
Key market players profiled for this industry analysis include Novartis International AG, Johnson Johnson Services, AbbVie, AstraZeneca, Amgen, Celgene Corporation, Bristol-Myers Squibb Company, Bausch Health Companies, Eli Lilly and Company and Pfizer among other companies
The research study sheds light on the key growth opportunities and market trends along with other vital market dynamics, including the drivers and restraints on the industry growth. With this report, the prospective buyers can be sure to become capable of adapting to the changes in the Active Psoriatic Arthritis industry.
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The study has been conducted on the basis of inputs from the industry leaders. Thus, a conscious effort to dive deep and unearth hard to find information pertaining to the growing market landscape and growth prospects over the next few years is clearly visible in the study. The market intelligence report further comprises of discussions about the major vendors operating in the Active Psoriatic Arthritis space
Segmentation:
Emergen research have segmented Active Psoriatic Arthritis Market on the basis of product, drug class, route of administration and region:
Product Outlook (Revenue in Million USD; 2017–2027)
- Prescriptions
- OTC
- Other
Drug Class Outlook (Revenue in Million USD; 2017–2027)
- Biologics
- Non-Steroidal Anti-Inflammatory Drugs (NSAIDs)
- Non-Biologic Disease Modifying Anti-Rheumatic Drugs (DMARDs)
- Other
By Route of Administration (Revenue in Million USD; 2017–2027)
- Injectable
- Oral
- Topical
Global Active Psoriatic Arthritis Market Geographical Landscape - Synopsis:
The report closely studies the growth trajectory of the global Active Psoriatic Arthritis Market. It brings to light the global dominance of the leading regional segments, including North America, Asia Pacific, Europe, Latin America, and the Middle East Africa.
Overview of the Active Psoriatic Arthritis Market Report:
- Introduction, Product Scope, Market Overview, and Opportunities
- Analysis of the Manufacturers with sales, revenue, and price analysis
- Comprehensive analysis of the competitive landscape
- Extensive profiling of the key competitors along with their business strategies and market size
- Regional analysis of the market along with sales, revenue, market share, and global position
- Country-wise analysis of the market along with types, applications, and manufacturing
- Strategic recommendations to established players as well as new entrants
The study elaborates on the crucial information pertaining to the regional Active Psoriatic Arthritis share. It simultaneously focuses on the significant details about the growth patterns of each regional market.
Moreover, the report encases an exhaustive geographical study of the market, emphasizing the business growth prospects and market barriers for each of the key market regions.
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