According to FutureWise analysis the market for plaque psoriasis in 2023 is US$ 17.02 billion, and is expected to reach US$ 27.58 billion by 2031 at a CAGR of 6.2%.
A majority of cases of total psoriasis are due to plaque psoriasis, which makes up 80% to 90% of the total. A skin condition characterized by thick, red patches, plaque psoriasis is an autoimmune condition. Plaques of this type usually occur on the knees, scalp, and elbows. Other body parts can also be affected. In addition to itching and being painful, these can bleed as well. Plaque psoriasis is an autoimmune disorder for which the exact cause is unknown. The prevalence of plaque psoriasis and a rich pipeline of promising drugs are anticipated to stimulate market growth in the forecast period. Plaque psoriasis market growth will be boosted by the shift in lifestyles as well. Furthermore, there is a likelihood that the increase in awareness associated with the treatment will dampen the growth of the plaque psoriasis market. Plaque psoriasis market growth is further projected to be hindered by adverse side effects of existing medications during the timeline period. In addition, excessive alcohol consumption and smoking, as well as unhealthy diet and sedentary lifestyles will further drive the plaque psoriasis market growth in the coming years. Unfortunately, there is no disease-modifying treatment for these conditions and current treatments only provide symptomatic relief, which may have further implications for the growth of the plaque psoriasis market.
FutureWise Market Research has instantiated a report that provides an intricate analysis of Plaque Psoriasis Market trends that shall affect the overall market growth. Furthermore, it includes detailed information on the graph of profitability, SWOT analysis, market share and regional proliferation of this business. Moreover, the report offers insights on the current stature of prominent market players in the competitive landscape analysis of this market.
According to the research study conducted by FutureWise research analysts, the Plaque Psoriasis Market is anticipated to attain substantial growth by the end of the forecast period. The report explains that this business is predicted to register a noteworthy growth rate over the forecast period. This report provides crucial information pertaining to the total valuation that is presently held by this industry and it also lists the segmentation of the market along with the growth opportunities present across this business vertical.