Psoriatic Arthritis Market to Benefit Profoundly at a 6.5% CAGR During the Study Period [2018-2030]; Investment in Research Picks Up, States DelveInsight

LAS VEGAS, June 29, 2021 /PRNewswire/ -- DelveInsight's "Psoriatic Arthritis (PsA) Market" report provides a thorough comprehension of the Psoriatic Arthritis historical and forecasted epidemiology and the Psoriatic Arthritis market trends in the 7MM [the United States, EU5 and Japan]. The Psoriatic Arthritis market report also proffers an analysis of the current Psoriatic Arthritis treatment algorithm/practice, market drivers, market barriers, and unmet medical needs. 

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 Some of the necessary takeaways from the Psoriatic Arthritis Market Research Report 

  • Several key pharmaceutical companies include AbbVie, Amgen, Pfizer, Bristol-Myers Squibb, Janssen Biotech, Eli Lilly and Company, Novartis, UCB, Sun Pharma Global FZE, AltruBio, and others, are developing novel products to improve the Psoriatic Arthritis treatment outlook. 
  • AbbVie holds the highest Psoriatic Arthritis therapeutic market position among all the current pharma players due to its strategic launch of two candidate drugs Rinvoq and Skyrizi, in the upcoming years. Both the drugs are already approved in the US and EU markets. Also, Skyrizi is already approved in Japan. 
  • Psoriatic Arthritis market growth to be ramped up because of the increased prevalence and growth in the awareness and change in lifestyles that have necessitated the changes in the diagnosis and treatment of Psoriatic Arthritis in the recent decade. The development of disease models, which might help in the understanding of Psoriatic Arthritis pathophysiology. In addition, the approval of the multiple drugs has resulted in the entry of the seven different mechanisms of action into the Psoriatic Arthritis market, which has increased the patient response and a change in prescription patterns. 
  • Nevertheless, the Psoriatic Arthritis market growth is threatened by underdiagnosis or misdiagnosis and limited current Psoriatic Arthritis treatment options in terms of long-term efficacy, tolerability, safety, route of administration, and cost. The entry of the biosimilars has been delayed, and multiple companies have not launched their generics and biosimilars due to the patent rivalry. Safety concerns around JAK inhibitor class have led to regulatory decisions around Rinvoq being delayed for a second time.

For further information on Market Impact by Therapies, visit: Psoriatic Arthritis Drugs Market Analysis 

Psoriatic Arthritis (PsA) is a heterogeneous chronic inflammatory rheumatic disease characterized by pain, stiffness, swollen joints, joint erosion, and bone formation. It can present with oligoarticular joint involvement that is typically asymmetric or as a polyarticular disease affecting five or more joints, usually with an asymmetric distribution similar to that of rheumatoid arthritis.

As per DelveInsight's estimates, the total Psoriatic Arthritis prevalent cases in 7MM in 2020 was 1,486,869 cases, out of which the highest number of patients were observed in the United States in the same year.

The Psoriatic Arthritis Market Analysis Report provides historical as well as forecasted epidemiological analysis segmented into: 

  • Prevalent cases of Psoriatic Arthritis
  • Diagnosed cases of Psoriatic Arthritis
  • Age-specific cases of Psoriatic Arthritis
  • Gender-specific cases of Psoriatic Arthritis
  • Severity-specific Psoriatic Arthritis Prevalence 

Get a complete epidemiological segmentation @ Psoriatic Arthritis Epidemiological Analysis 

Psoriatic Arthritis Treatment Market 

Advances in the knowledge of pathogenesis have led to the development of novel biologics beyond anti-tumor necrosis factors (TNFs). However, there is still a major proportion of patients who may not respond to certain treatment options. Therefore, the current Psoriatic Arthritis treatment strategy emphasizes a target-to-target approach to the prevalent domains. 

For mild Psoriatic Arthritis patients, treatment with NSAIDs, corticosteroids, glucocorticoids, and oral small molecules (OSMs) like methotrexate, sulfasalazine, leflunomide, cyclosporine, or apremilast is recommended. However, it is recommended to use TNF inhibitors for severe cases, followed by interleukins inhibitors (IL-23 and IL-17), PDE4 inhibitors, and JAK inhibitors.

As per Delveinsight's analysis, the evolving Psoriatic Arthritis treatment landscape, availability of alternatives with improved safety and efficacy profiles, and better results are all set to hinder the use of NSAIDs. Nevertheless, OSMs are likely to continue to retain their market position because of their affordability and demand despite being sidelined by TNFs during the forecast period. The active Psoriatic Arthritis patients, despite treatment with OSM, should switch to a biologic (TNFi, IL-17, or IL-12/23 inhibitor). Still, alternative OSMs can be considered for patients with contraindications to TNFis, those without evidence of severe disease, and those who prefer oral therapy. Guidelines advocate the preferential use of TNFis over abatacept, tofacitinib, IL-17 inhibitors, and IL-12/23 inhibitors in this situation.

Biologics dominate the Psoriatic Arthritis market in the current scenario, capturing more than half the revenue share. Further, the drug class not only expects to retain its dominance but is also anticipated to witness the fastest growth during the forecast period. Among the biologics, TNF-alpha inhibitors Enbrel, Humira, and Remicade have long-held dominant positions in the Psoriatic Arthritis market. However, the market leaders are about to face patent expirations and consequent biosimilar launches. As a result, payers are eager to leverage these changes in the competitive landscape and enact pro-biosimilar access measures, resulting in downward pricing pressures and continuing market erosion for first-generation TNF-alpha inhibitors. Nevertheless, this erosion rate is likely to be gradual initially, as both physicians and payers are not likely to advocate patient switching.

The Psoriatic Arthritis market has become increasingly competitive as more biologics come up, ever since the Food and Drug Administration (FDA) granted Enbrel (etanercept) marketing authorization to treat the disease in 2002. Also, with the emergence of numerous treatment options, the Psoriatic Arthritis treatment guidelines have been further updated to reflect the improved efficacy and safety of these newer medications in the market. 

Currently, Psoriatic Arthritis pipeline products are in phases II and III of clinical development. It includes Skyrizi/ Risankizumab (AbbVie), Bimekizumab (UCB Biopharma), Brepocitinib (Pfizer), and others. It is expected that these drugs would expand the Psoriatic Arthritis market size during the forecast period. Rising awareness of the disease, evolving patient research perspective, support from government policies, funds, approvals, development of animal models, and emerging research would significantly drive the Psoriatic Arthritis market in the forecast period (2021–2030). 

Scope of the Psoriatic Arthritis Market Insight Report 

  • Geography Covered: The United States, EU5 , and Japan. 
  • Study Period: 3-year historical and 10-year forecasted analysis (2018-2030).
  • Psoriatic Arthritis Markets Segmentation: By Geographies and By Psoriatic Arthritis Therapies (Historical and Forecasted, Current and Upcoming) 
  • Dominant Market Companies investigating its candidates for Psoriatic Arthritis: AbbVie, Amgen, Pfizer, Bristol-Myers Squibb, Janssen Biotech, Eli Lilly and Company, Novartis, UCB, Sun Pharma Global FZE, AltruBio, and several others. 
  • Analysis: Comparative and conjoint analysis of emerging therapies. 
  • Case Studies
  • KOL's Views
  • Analyst's View

Request for a Webex demo of the report @ Psoriatic Arthritis Therapeutics Market

Table of Contents 

1

Psoriatic Arthritis (PsA) Key Insights

2

Psoriatic Arthritis Report Introduction

3

Psoriatic Arthritis Market Overview at a Glance

4

Executive Summary of Psoriatic Arthritis 

5

Psoriatic Arthritis Disease Background and Overview    

6

Psoriatic Arthritis Epidemiology and Patient Population

6.1

The United States

6.2

EU5 Countries

6.2.1

Germany

6.2.2

France

6.2.3

Italy

6.2.4

Spain

6.2.5

The United Kingdom

6.3

Japan

7

Organizations contributing towards Psoriatic Arthritis (PsA)

8

Psoriatic Arthritis Patient Journey

9

Case Reports of Psoriatic Arthritis

10

Psoriatic Arthritis Marketed Products

10.1

Humira (Adalimumab): AbbVie

10.2

Enbrel (Etanercept): Amgen/Pfizer

10.3

Orencia (Abatacept): Bristol-Myers Squibb

10.4

Simponi (Golimumab): Janssen Biotech

10.5

Remicade (Infliximab): Janssen Biotech

10.6

Otezla (Apremilast): Amgen

10.7

Stelara (ustekinumab): Janssen Biotech

10.8

Taltz (ixekizumab): Eli Lilly and Company

10.9

Cosentyx (Secukinumab): Novartis

10.10

Tremfya (Guselkumab): Janssen Biotech

10.11

Xeljanz (Tofacitinib): Pfizer

10.12

Cimzia (Certolizumab pegol): UCB

11

Psoriatic Arthritis Emerging Therapies

11.1

Skyrizi (risankizumab): AbbVie

11.2

Rinvoq (Upadacitinib): AbbVie

11.3

Deucravacitinib: Bristol-Myers Squibb

11.4

Tildrakizumab: Sun Pharma Global FZE

11.5

Bimekizumab: UCB Biopharma

11.6

Neihulizumab: AltruBio

11.7

Brepocitinib (PF 6700841): Pfizer

12

Psoriatic Arthritis 7MM Market Analysis

12.1

The United States Psoriatic Arthritis Market Size

12.2

EU-5 Psoriatic Arthritis Market Size

12.2.1

Germany Market Size

12.2.2

France Market Size

12.2.3

Italy Market Size

12.2.4

Spain Market Size

12.2.5

The United Kingdom Market Size

12.3

Japan Psoriatic Arthritis Market Size

13

Psoriatic Arthritis KOL Views

14

Psoriatic Arthritis Unmet Needs

15

Psoriatic Arthritis Market Drivers

16

Psoriatic Arthritis Market Barriers

17

SWOT Analysis of Psoriatic Arthritis

18

Psoriatic Arthritis Market Access

19

Appendix

20

DelveInsight Capabilities

21

Disclaimer

22

About DelveInsight

Browse full report with detailed TOC with charts, figures, tables @ Psoriatic Arthritis Diagnostics Market Report

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About DelveInsight

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