This new set to update and replace the previous psoriatic arthritis market analysis publication, Psoriatic Arthritis: Global Drug Forecast and Market Analysis to 2028 (January 2020, GDHC186PIDR), which covered the forecast period 2018-28. This new publication covers the psoriatic arthritis market over the forecast period of 2023-33.
GlobalData estimated the total psoriatic arthritis market to be valued at $5.1 billion across the 8MM, with the US accounting for 80.4% of the market. The five major GlobalData estimated the value of the global PsA market to be $9.5 billion across the 7MM in 2023. By 2033, PsA sales across the markets are expected to grow to $13.5 billion, representing a compound annual growth rate (CAGR) of 3.6% over the 10-year forecast period.
Major drivers of growth in the PsA market over the forecast period include -
- Launches of six new pipeline agents in PsA: Sotyktu (approved to treat plaque psoriasis [PsO]), icotrokinra, sonelokimab, Ilumya (approved to treat PsO), JNJ-4804, and zasokitinib.
- Rise of small molecule therapies, both marketed and in development to treat PsA
The major barriers of growth in the PsO market during the forecast period include -
- Loss of patent protection in the US for biologics, such as Janssen's Stelara (ustekinumab) in 2024 and Cosentyx (secukinumab) in 2029, and the subsequent launches of their corresponding biosimilars
- Launch of apremilast generics in 2028 in the US
- Passage of legislature in the US, both on the federal and state level, aimed to reduce drug prices
Key Highlights
- In 2023, GlobalData estimates that sales of drugs in the PsA market was approximately $9.5 billion in 2023 in the 7MM. The global PsA market is expected to grow to $13.5 billion in 2033, at a Compound Annual Growth Rate (CAGR) of 3.6%.
- Major drivers of the severe market growth over the forecast period are the -
- Launches of six new pipeline agents in PsA: Sotyktu (approved to treat plaque psoriasis [PsO]), icotrokinra, sonelokimab, Ilumya (approved to treat PsO), JNJ-4804, and zasokitinib.
- Rise of small molecule therapies, both marketed and in development to treat PsA
Scope
- Overview of Psoriatic Arthritis, including epidemiology, symptoms, diagnosis, and disease management.
- Annualized psoriatic arthritis therapeutics market revenue, cost of therapy per patient, and treatment usage patterns forecast from 2023 to 2033.
- Key topics covered include strategic competitor assessment, market characterization, unmet needs, clinical trial mapping, and implications of these factors for the psoriatic arthritis therapeutics market.
- Pipeline analysis: comprehensive data assessing emerging trends and mechanisms of action under development for psoriatic arthritis treatment. The most promising candidates in late-stage development are profiled.
- Analysis of the current and future market competition in the global psoriatic arthritis therapeutics market. Insightful review of the key industry drivers, restraints and challenges. Each trend is independently researched to provide qualitative analysis of its implications.
Reasons to Buy
- Develop and design your in-licensing and out-licensing strategies, using a detailed overview of current pipeline products and technologies to identify companies with the most robust pipelines.
- Develop business strategies by understanding the trends shaping and driving the global PsA therapeutics market.
- Drive revenues by understanding the key trends, innovative products and technologies, market segments, and companies likely to impact the global PsA market in the future.
- Formulate effective sales and marketing strategies by understanding the competitive landscape and by analyzing the performance of various competitors.
- Identify emerging players with potentially strong product portfolios and create effective counter-strategies to gain a competitive advantage.
- Track drug sales in the global PsA therapeutics market from 2023-2033.
- Organize your sales and marketing efforts by identifying the market categories and segments that present maximum opportunities for consolidations, investments and strategic partnerships.