The global psoriasis treatment market size was valued at USD 42.72 billion in 2021 and is poised to grow at a significant CAGR of 9.5% during the forecast period 2022-28. Psoriasis is a recurrent, chronic inflammatory, and proliferative skin disorder that requires long-term treatment. Psoriasis medications are used to treat mild to severe psoriasis, which is classified based on the medical severity of lesions on the skin, the affected external area of the body, and the patient's life. The outbreak of the COVID-19 pandemic originally had a detrimental influence on the psoriasis treatment market, owing to guidelines issued by several regulatory authorities claiming that patients getting psoriasis treatment are more anticipated to contract COVID-19.  

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The global psoriasis treatment market segmentation:
1) By drug class: TNF Inhibitors, Vitamin D Analogues, Interleukin Blockers, Topical Corticosteroids, Monoclonal Antibodies, Other.
2) By psoriasis type: Plaque Psoriasis, Guttate Psoriasis, Flexural Psoriasis, Inverse Psoriasis, Psoriatic Psoriasis
3) By route of administration: Oral,Topical, Parenteral.
4) By distribution channel: Hospital Pharmacies, Retail Pharmacie, Online Pharmacies.

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 influenced by the rise in burden of disease as well as demand for psoriasis treatments in emerging nations, as well as a surge in government efforts. Furthermore, technological advancements, population growth, increased R&D activities 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 an increase 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.  

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The psoriasis treatment market research report gives a comprehensive outlook across the region with special emphasis on key regions such as North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. North America was the largest region in the psoriasis treatment report, accounting for the highest share in 2021. It was followed by Asia Pacific, and then the other regions.

The global psoriasis treatment market key players are Amgen Inc. (U.S), Eli Lilly and Company(U.S), Novartis AG (Switzerland), Merck & Co., Inc. (U.S), Johnson & Johnson Services, Inc., (U.S)

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