Global Systemic Psoriasis Therapeutics Market 2018-2022| Use of Combination Therapy to Spur Growth| Technavio
LONDON--(BUSINESS WIRE)--Aug 20, 2018--The global systemic psoriasis therapeutics market 2018-2022 is expected to post a CAGR of around 10% during the forecast period, according to the latest market research report by .
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Technavio has published a new market research report on the global systemic psoriasis therapeutics market from 2018-2022. (Graphic: Business Wire)
A key factor driving the growth of the market is the need for affordable therapies. The cost of treatment mainly depends upon the type of therapy used topical, systematic, or phototherapy. Pricing strategies are applied like discounted price through contracts between purchases and manufacturers, and copay coupon cards are there for most drugs. For instance, the Celgene Patient Assistance Program provides copay cards for OTEZLA giving patients a chance to save up to 75% off on retail cost upon every purchase.
This market research report on the also provides an analysis of the most important trends expected to impact the market outlook during the forecast period. Technavio classifies an emerging trend as a major factor that has the potential to significantly impact the market and contribute to its growth or decline.
In this report, Technavio highlights the use of combination therapy as one of the key emerging trends in the global systemic psoriasis therapeutics market:
Global systemic psoriasis therapeutics market: Use of combination therapy
Individuals tend to develop resistance to monotherapies over a period, resulting in the preference for combination therapies. Combination therapies can fight psoriasis on multiple fronts due to which the total effect is enhanced. Although biologics are very effective as a monotherapy in treating psoriasis, a combination of topical and traditional systemic therapies hasten the onset of action and enhance efficiency without significant additional toxicities.
“Clinical studies, for instance, showed positive results in combination therapy with adalimumab, infliximab, and etanercept when taken with methotrexate in individuals with psoriasis,” says a senior analyst at Technavio for research on infectious and rare diseases.
Global systemic psoriasis therapeutics market: Segmentation analysis
This market research report segments the global systemic psoriasis therapeutics market by end-user (hospitals and retail pharmacies), by route of administration (oral and parenteral), by product (small molecules and biologics) and geographical regions (APAC, EMEA, and the Americas).
The Americas led the market in 2017 with a market share of close to 54%, followed by APAC and EMEA respectively. The region is expected to continue to dominate the market during the forecast period.
Technavio’s sample reports are free of charge and contain multiple sections of the report such as the market size and forecast, drivers, challenges, trends, and more.
Some of the key topics covered in the report include:
Market LandscapeMarket ecosystem Market characteristics Market segmentation analysis
Market SizingMarket definition Market size and forecast
Five Forces Analysis
Geographical SegmentationRegional comparison Key leading countries
Vendor LandscapeVendors covered Vendor classification Market positioning of vendors Competitive scenario
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PUB: 08/20/2018 12:48 PM/DISC: 08/20/2018 12:48 PM