Global Psoriasis Therapeutics Market Growth, Share, Size, Trends and Forecast (2025 - 2031)
By Type;
Plaque Psoriasis, Psoriatic Arthritis, and OthersBy Drug Class;
TNF-Alpha Inhibitors, Interleukin Inhibitors, and OthersBy Route of Administration;
Oral, Parenteral/Systemic, and TopicalBy Dosage Forms;
Liquid, Semi-Solid, and SolidBy Geography;
North America, Europe, Asia Pacific, Middle East & Africa, and Latin America - Report Timeline (2021 - 2031)Psoriasis Therapeutics Market Overview
Psoriasis Therapeutics Market (USD Million)
Psoriasis Therapeutics Market was valued at USD 26,349.81 million in the year 2024. The size of this market is expected to increase to USD 48,354.40 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 9.1%.
Global Psoriasis Therapeutics Market Growth, Share, Size, Trends and Forecast
*Market size in USD million
CAGR 9.1 %
Study Period | 2025 - 2031 |
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Base Year | 2024 |
CAGR (%) | 9.1 % |
Market Size (2024) | USD 26,349.81 Million |
Market Size (2031) | USD 48,354.40 Million |
Market Concentration | Medium |
Report Pages | 322 |
Major Players
- AbbVie Inc.
- Novartis AG
- Johnson & Johnson Services, Inc.
- Pfizer Inc.
- LEO Pharma A/S
- Merck & Co., Inc.
- Amgen Inc.
- Eli Lilly and Company
- Evelo Biosciences, Inc.
- UCB S.A.
Market Concentration
Consolidated - Market dominated by 1 - 5 major players
Global Psoriasis Therapeutics Market
Fragmented - Highly competitive market without dominant players
The Psoriasis Therapeutics Market is experiencing notable momentum due to the rising burden of chronic inflammatory skin conditions and the growing preference for advanced biologics. Demand is being fueled by increased awareness and a higher diagnosis rate, contributing to consistent market expansion. The market has grown by over 12% in recent years, reflecting a robust shift towards targeted treatments over conventional therapies.
Innovation and Therapeutic Advancements
Rapid developments in biologics and small-molecule drugs are reshaping the treatment landscape. These innovative therapies have demonstrated enhanced efficacy in managing moderate to severe psoriasis, accounting for nearly 40% of new treatment adoptions. Continuous R&D efforts and the introduction of biosimilars are also broadening therapeutic access and reducing treatment costs.
Rise in Diagnosis and Treatment Adoption
Increasing access to dermatological care and early detection have contributed to a 15% surge in the diagnosed patient population. Educational campaigns and improved healthcare infrastructure are accelerating treatment uptake. The shift from over-the-counter remedies to prescription medications further supports the market’s upward trajectory.
Regulatory Support and Reimbursement Trends
Favorable regulatory approvals and improved reimbursement policies have significantly impacted treatment accessibility. In particular, reimbursement coverage for biologics has increased by 18%, encouraging patients to opt for higher-cost, high-efficacy therapies.
Future Growth Drivers
The integration of digital health tools and personalized medicine is expected to drive future innovation in psoriasis care. Technologies such as AI-driven diagnostics and patient tracking apps are being adopted by over 22% of care providers. These advancements are enhancing patient outcomes and supporting long-term disease management strategies.
Psoriasis Therapeutics Market Recent Developments
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In August 2023, the Centers for Medicare and Medicaid Services (CMS) announced the list of the first ten drugs for inclusion into Medicare price negotiation under the act known as the Inflation Reduction Act. The list includes some psoriasis management drugs such as Enbrel and Stelara.
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In January 2022, UCB S.A. obtained market authorization from the Japanese Ministry of Health, Labor, and Welfare (MHLW) for its drug Bimzelx, intended to treat plaque psoriasis, psoriatic erythroderma, and pustular psoriasis.
Psoriasis Therapeutics Market Segment Analysis
In this report, the Psoriasis Therapeutics Market has been segmented by Type, Drug Class, Route of Administration, Dosage Forms, and Geography.
Psoriasis Therapeutics Market, Segmentation by Type
The Global Psoriasis Therapeutics Market has been segmented by Type into Plaque Psoriasis, Psoriatic Arthritis, and Others.
Plaque Psoriasis
Plaque psoriasis remains the most common form of the condition, representing approximately 80–90% of global psoriasis cases. Characterized by raised, scaly, and inflamed skin plaques, it significantly affects patients' quality of life. In 2022, the plaque psoriasis segment held a substantial market share of about 50.1%, with growth driven by the rising use of biologic therapies and innovative targeted treatments. Projections indicate a CAGR of 8.5% through 2032, underscoring the segment's robust expansion potential.
Psoriatic Arthritis
Psoriatic arthritis, affecting approximately 20–30% of psoriasis patients, involves both skin and joint inflammation. This segment is witnessing notable growth, valued at around USD 11.30 billion globally in 2023 and expected to reach USD 25.89 billion by 2034, reflecting a CAGR of 7.83%. Factors contributing to this expansion include the increasing recognition of joint-related symptoms and the introduction of advanced biologic therapies that improve patient outcomes.
Others
The 'Others' category covers rarer forms of psoriasis such as guttate, inverse, pustular, and erythrodermic psoriasis. Although these types represent a smaller portion of the market, they can present with severe symptoms requiring specialized care. The segment is gradually expanding, supported by ongoing research and the development of novel therapeutic options aimed at addressing the specific challenges posed by these less common forms.
Overall, the global psoriasis therapeutics market is set for continued growth, driven by innovations in treatment, rising disease prevalence, and increasing focus on personalized approaches that cater to different psoriasis subtypes.
Psoriasis Therapeutics Market, Segmentation by Drug Class
The Global Psoriasis Therapeutics Market has been segmented by Drug Class into TNF-Alpha Inhibitors, Interleukin Inhibitors, and Others.
TNF-Alpha Inhibitors
TNF-alpha inhibitors continue to be a mainstay in psoriasis treatment, contributing to approximately 41% of the global market share as of 2024. These biologics, including adalimumab, etanercept, and infliximab, work by blocking the tumor necrosis factor-alpha cytokine, thereby reducing skin inflammation. Their proven effectiveness and established safety profiles have cemented their role, although the rising popularity of newer therapies is starting to shift market dynamics.
Interleukin Inhibitors
Interleukin inhibitors are rapidly gaining traction in the psoriasis therapeutics landscape, with a projected CAGR of 12.2% over the forecast period. These treatments, targeting specific cytokines such as IL-17 and IL-23, are recognized for delivering superior efficacy and safety. The increasing adoption of biologics like secukinumab and risankizumab underscores a broader trend toward targeted approaches in managing moderate to severe psoriasis cases.
Others
The ‘Others’ category includes diverse therapies such as corticosteroids, vitamin D analogs, and Janus kinase (JAK) inhibitors. Primarily used for treating mild to moderate psoriasis, these options collectively represent a smaller portion of the overall market. However, ongoing research and advancements are opening new opportunities to integrate these treatments into more comprehensive psoriasis management strategies.
As the global psoriasis therapeutics market continues to expand, evolving drug classes, enhanced treatment efficacy, and a focus on patient-centric solutions are set to reshape the landscape and deliver better outcomes for patients worldwide.
Psoriasis Therapeutics Market, Segmentation by Route of Administration
The Psoriasis Therapeutics Market has been segmented by Route of Administration into Oral, Parenteral/Systemic, and Topical.
Oral
The oral route offers a convenient approach for delivering psoriasis treatments, particularly in cases of mild to moderate disease. Medications like acitretin and deucravacitinib are widely used for their systemic effects when topical treatments prove insufficient. Although the oral segment holds a smaller share compared to parenteral options, it remains a key component of comprehensive psoriasis management strategies, providing effective relief with easier administration.
Parenteral/Systemic
The parenteral or systemic route dominates the psoriasis therapeutics market, contributing approximately 41.58% to the total share in 2024. This is largely due to the widespread adoption of advanced biologic therapies like secukinumab, risankizumab, and guselkumab, known for their efficacy in moderate to severe psoriasis. These treatments offer rapid symptom control and targeted mechanisms of action, making them the preferred choice for both patients and healthcare providers.
Topical
The topical route remains the first-line option for managing mild psoriasis, providing targeted application with minimal systemic absorption. Treatments such as corticosteroids, vitamin D analogs, and retinoids are commonly used in this segment. Although it holds a smaller market share compared to parenteral therapies, the topical segment is expected to grow due to advancements in formulation technologies and the development of combination therapies that enhance both efficacy and patient adherence.
Overall, the psoriasis therapeutics market continues to evolve, with each route of administration offering unique benefits that cater to patient needs and disease severity. Ongoing innovations are expected to further diversify treatment options and improve outcomes for individuals with psoriasis worldwide.
Psoriasis Therapeutics Market, Segmentation by Dosage Forms
The Global Psoriasis Therapeutics Market has been segmented by Dosage Forms into Liquid, Semi-Solid, and Solid.
Liquid
Liquid formulations, including solutions and suspensions, are commonly used for topical applications and injectable treatments in psoriasis care. These forms are valued for their rapid absorption and ease of use, especially in treating acute flare-ups or conditions like scalp psoriasis. Although representing a smaller market share than semi-solid formulations, liquid forms play a crucial role in specific clinical scenarios.
Semi-Solid
Semi-solid formulations, such as creams, ointments, gels, and lotions, dominate the psoriasis therapeutics market, accounting for approximately 60% of the total market share in 2024. Their success stems from ease of application, targeted delivery, and strong patient adherence. Widely prescribed for localized plaque psoriasis, these treatments remain the go-to choice for mild to moderate cases, supporting consistent market growth.
Solid
Solid dosage forms, such as tablets and capsules, are primarily used for systemic therapies to manage moderate to severe psoriasis. Offering precise dosing and patient convenience, solid forms remain a vital option for long-term management. While holding a smaller market share than semi-solids, advances in oral systemic treatments are enhancing their role in comprehensive psoriasis care strategies.
The global psoriasis therapeutics market continues to evolve, driven by the availability of diverse dosage forms that cater to different patient needs and disease severities. Ongoing innovations are expected to further enhance treatment outcomes and expand market opportunities worldwide.
Psoriasis Therapeutics Market, Segmentation by Geography
In this report, the Psoriasis Therapeutics Market has been segmented by Geography into five regions; North America, Europe, Asia Pacific, Middle East and Africa and Latin America.
Regions and Countries Analyzed in this Report
Psoriasis Therapeutics Market Share (%), by Geographical Region
North America
North America holds the leading position in the psoriasis therapeutics market, capturing approximately 39% of the global revenue share as of 2024. The region’s dominance is driven by a high prevalence of psoriasis, an advanced healthcare infrastructure, and the widespread adoption of biologic therapies. The United States, with an estimated 7.5 million psoriasis patients, plays a pivotal role in market growth. Strong research and development initiatives and supportive reimbursement policies further enhance North America’s market position.
Europe
Europe commands a significant share of the psoriasis therapeutics market, contributing around 30% in 2024. Growth is propelled by increasing awareness of psoriasis management, early diagnosis programs, and the adoption of advanced biologic treatments. Leading countries include Germany, the United Kingdom, and France, all supported by robust healthcare systems and favorable government initiatives that expand patient access to novel therapies.
Asia Pacific
The Asia Pacific region is emerging as the fastest-growing market for psoriasis therapeutics, with a projected CAGR of 11% from 2025 to 2034. Key drivers include a large patient population, rising healthcare investments, and growing awareness of dermatological conditions. Countries such as China, India, and Japan are spearheading this growth, with expanded healthcare infrastructure and the introduction of more affordable treatment options contributing to the region’s upward trajectory.
Middle East and Africa
The Middle East and Africa region, representing approximately 5% of the global market in 2024, is witnessing gradual growth due to improving healthcare access, increased awareness initiatives, and the rising availability of advanced treatments. Urban areas in countries like Saudi Arabia, the UAE, and South Africa are seeing higher demand for effective psoriasis therapies, supported by local investments in healthcare delivery and infrastructure.
Latin America
Latin America accounts for an estimated 6% of the global psoriasis therapeutics market in 2024. The region’s growth is driven by increasing disease prevalence, enhanced healthcare services, and the introduction of new treatment options. Brazil and Mexico
Market Trends
This report provides an in depth analysis of various factors that impact the dynamics of Global Psoriasis Therapeutics Market. These factors include; Market Drivers, Restraints and Opportunities.
Comprehensive Market Impact Matrix
This matrix outlines how core market forces—Drivers, Restraints, and Opportunities—affect key business dimensions including Growth, Competition, Customer Behavior, Regulation, and Innovation.
Market Forces ↓ / Impact Areas → | Market Growth Rate | Competitive Landscape | Customer Behavior | Regulatory Influence | Innovation Potential |
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Drivers | High impact (e.g., tech adoption, rising demand) | Encourages new entrants and fosters expansion | Increases usage and enhances demand elasticity | Often aligns with progressive policy trends | Fuels R&D initiatives and product development |
Restraints | Slows growth (e.g., high costs, supply chain issues) | Raises entry barriers and may drive market consolidation | Deters consumption due to friction or low awareness | Introduces compliance hurdles and regulatory risks | Limits innovation appetite and risk tolerance |
Opportunities | Unlocks new segments or untapped geographies | Creates white space for innovation and M&A | Opens new use cases and shifts consumer preferences | Policy shifts may offer strategic advantages | Sparks disruptive innovation and strategic alliances |
Drivers, Restraints and Opportunities
Drivers:
- Increasing Prevalence of Psoriasis Worldwide
- Advancements in Biologic Therapies and Drug Development
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Growing Emphasis on Personalized Medicine Approaches - The increasing focus on personalized medicine approaches is driving innovation and growth in the global psoriasis therapeutics market. As psoriasis is a complex, immune-mediated disorder with varying manifestations and severity, a one-size-fits-all treatment is often inadequate. Personalized strategies enable tailored therapy based on genetic markers, disease phenotype, and patient-specific immune responses, improving both efficacy and patient satisfaction.
Advancements in genomics, proteomics, and biomarker research are supporting the development of targeted therapies that can more precisely address the molecular mechanisms behind psoriasis. Biologic drugs and immune modulators designed for individual patient profiles are seeing higher adoption, while real-world data and patient monitoring tools are helping optimize treatment regimens. This shift toward personalized care is expected to significantly enhance clinical outcomes and drive sustained market expansion in the coming years.
Restraints:
- High Cost of Biologic Therapies and Specialty Medications
- Treatment Resistance and Lack of Response in Some Patients
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Adverse Effects and Safety Concerns Associated with Certain Treatments - Persistent adverse effects and safety concerns related to certain psoriasis treatments continue to hinder growth in the global psoriasis therapeutics market. While biologics and immunosuppressants offer substantial efficacy, they are often associated with risks such as increased susceptibility to infections, liver toxicity, and cardiovascular complications. These side effects raise caution among both healthcare providers and patients, leading to hesitancy in adopting long-term therapeutic regimens.
Additionally, the need for regular monitoring and follow-up due to potential adverse outcomes creates treatment burden and affects patient adherence. Regulatory bodies are also demanding more rigorous safety data, slowing down approval timelines for new drugs. These challenges emphasize the importance of developing safer alternatives and more selective therapies to ensure broader acceptance and better patient outcomes in the evolving psoriasis treatment landscape.
Opportunities:
- Development of Targeted Biologic Therapies for Specific Psoriasis Subtypes
- Integration of Digital Health Solutions for Remote Monitoring and Patient Support
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Expansion into Emerging Markets with Untapped Potential - The expansion into emerging markets offers a major opportunity for the global psoriasis therapeutics market, fueled by rising disease awareness, better healthcare access, and growing patient willingness to adopt advanced treatments. Countries across Asia-Pacific, Latin America, and the Middle East present untapped potential with large patient pools and limited access to specialized dermatological care. This environment supports increased adoption of both biologics and affordable generics.
Pharmaceutical companies are capitalizing on this growth by forming regional partnerships, optimizing pricing strategies, and investing in patient outreach programs. Supportive government policies, expanding healthcare coverage, and regulatory simplification are further enhancing market accessibility. These developments position emerging economies as strategic hubs for future expansion and long-term growth in the psoriasis therapeutics sector.
Competitive Landscape Analysis
Key players in Global Psoriasis Therapeutics Market include:
- AbbVie Inc. (U.S.)
- Novartis AG (Switzerland)
- Johnson & Johnson Services, Inc.(U.S.)
- Pfizer Inc. (U.S.)
- LEO Pharma A/S (Denmark)
- Merck & Co., Inc. (U.S.)
- Amgen Inc. (U.S.)
- Eli Lilly and Company (U.S.)
- Evelo Biosciences, Inc. (U.S.)
- UCB S.A. (Belgium)
In this report, the profile of each market player provides following information:
- Company Overview and Product Portfolio
- Key Developments
- Financial Overview
- Strategies
- Company SWOT Analysis
- Introduction
- Research Objectives and Assumptions
- Research Methodology
- Abbreviations
- Market Definition & Study Scope
- Executive Summary
- Market Snapshot, By Type
- Market Snapshot, By Drug Class
- Market Snapshot, By Route of Administration
- Market Snapshot, By Dosage Forms
- Market Snapshot, By Region
- Psoriasis Therapeutics Market Dynamics
- Drivers, Restraints and Opportunities
- Drivers
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Increasing Prevalence of Psoriasis Worldwide
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Advancements in Biologic Therapies and Drug Development
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Growing Emphasis on Personalized Medicine Approaches
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- Restraints
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High Cost of Biologic Therapies and Specialty Medications
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Treatment Resistance and Lack of Response in Some Patients
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Adverse Effects and Safety Concerns Associated with Certain Treatments
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- Opportunities
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Development of Targeted Biologic Therapies for Specific Psoriasis Subtypes
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Integration of Digital Health Solutions for Remote Monitoring and Patient Support
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Expansion into Emerging Markets with Untapped Potential
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- Drivers
- PEST Analysis
- Political Analysis
- Economic Analysis
- Social Analysis
- Technological Analysis
- Porter's Analysis
- Bargaining Power of Suppliers
- Bargaining Power of Buyers
- Threat of Substitutes
- Threat of New Entrants
- Competitive Rivalry
- Drivers, Restraints and Opportunities
- Market Segmentation
- Psoriasis Therapeutics Market, By Type, 2021 - 2031 (USD Million)
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Plaque Psoriasis
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Psoriatic Arthritis
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Others
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Psoriasis Therapeutics Market, By Drug Class, 2021 - 2031 (USD Million)
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TNF-Alpha Inhibitors
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Interleukin Inhibitors
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Others
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- Psoriasis Therapeutics Market, By Route of Administration, 2021 - 2031 (USD Million)
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Oral
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Parenteral/Systemic
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Topical
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Psoriasis Therapeutics Market, By Dosage Forms, 2021 - 2031 (USD Million)
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Liquid
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Semi-Solid
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Solid
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- Psoriasis Therapeutics Market, By Geography, 2021 - 2031 (USD Million)
- North America
- United States
- Canada
- Europe
- Germany
- United Kingdom
- France
- Italy
- Spain
- Nordic
- Benelux
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australia & New Zealand
- South Korea
- ASEAN (Association of South East Asian Countries)
- Rest of Asia Pacific
- Middle East & Africa
- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
- Latin America
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- North America
- Psoriasis Therapeutics Market, By Type, 2021 - 2031 (USD Million)
- Competitive Landscape
- Company Profiles
- AbbVie Inc. (U.S.)
- Novartis AG (Switzerland)
- Johnson & Johnson Services, Inc.(U.S.)
- Pfizer Inc. (U.S.)
- LEO Pharma A/S (Denmark)
- Merck & Co., Inc. (U.S.)
- Amgen Inc. (U.S.)
- Eli Lilly and Company (U.S.)
- Evelo Biosciences, Inc. (U.S.)
- UCB S.A. (Belgium)
- Company Profiles
- Analyst Views
- Future Outlook of the Market