The global plaque psoriasis treatment market size was valued at USD 18.0 billion in 2021 and is poised to grow at a significant CAGR of 10.0% during the forecast period 2022-28. Plaque psoriasis is an autoimmune inflammatory condition that causes excessive skin cell production. Inflamed, elevated, scaly red plaques and lesions define the skin. Environmental variables like as sun exposure, drinking, HIV infection, and drunkenness might affect the severity and frequency of psoriasis. Psoriasis sufferers are more likely to have metabolic syndrome as well as cardiovascular disease. In younger psoriasis patients, psoriasis raises the risk of myocardial infarction by three times.

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One of the primary factors responsible for the growth of the psoriasis treatment market is the rising incidence of psoriasis around the world. The market is growing due to a rise in manufacturer cooperation and increased awareness of treatment options. The market is further affected by the growth in disease burden as well as demand for psoriasis treatments in emerging nations, as well as a surge in government efforts. Furthermore, technological advancements, population growth, increased research and innovation for treatment improvement, and an increase in healthcare expenditure all benefit the psoriasis treatment industry. Furthermore, during the forecast period of 2022 to 2029, the market players would benefit from increased in psoriasis research & pipeline medications. The high costs associated with medication development and most therapies, on the other hand, are projected to stifle market expansion. In the forecast timeframe of 2022-2029, medication approval delays are expected to pose a challenge to the psoriasis treatment market.

The global plaque psoriasis treatment market segmentation:

1) By Product Type: Interleukin Inhibitors, Tumour Necrosis Factor (TNF), and Others.

2) By Route of Administration: Topical, Parenteral, and Others.

 3) By Distribution Channel: Hospital Pharmacies, Retail Pharmacies, and Others.

During the forecast period, North America is expected to account for a considerable portion of the global market. The rising prevalence of plaque psoriasis in the United States, as well as a robust medication pipeline, are expected to boost the market in North America from 2018 to 2026. As per the National Psoriasis Foundation, psoriasis affects about 7.2 million people in the United States, with plaque psoriasis being the most frequent kind. Psoriasis affects 120 million individuals worldwide, as per the World Psoriasis Day consortium. Between 2018 and 2026, the plaque psoriasis treatment market in Asia Pacific is predicted to grow at a fast rate.

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There are several Key players working in the plaque psoriasis treatment market Allergan, Johnson and Johnson, Amgen, Abbvie, Eli Lilly, Dermira Inc., Novartis, Galectin Therapeutics, Cellceutix Corporation, Biogen Inc., Bayer AG

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