The global psoriasis treatment market is expected to grow a notable CAGR during forecast period 2018 to 2032. The market is segmented by region into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
North America is currently the largest market for psoriasis treatment, accounting for over 40% of the global market share in 2022. The high prevalence of psoriasis in the region, along with the availability of advanced treatment options, is driving the growth of the North American psoriasis treatment market.
Europe is the second-largest market for psoriasis treatment, accounting for over 30% of the global market share in 2022. The increasing awareness of psoriasis and the growing demand for effective treatment options are driving the growth of the European psoriasis treatment market.
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The Asia Pacific region is expected to witness the fastest growth in the psoriasis treatment market during the forecast period. This is due to the increasing prevalence of psoriasis in the region, along with the rising disposable incomes and growing awareness of psoriasis treatment options.
Latin America and the Middle East and Africa are expected to witness moderate growth in the psoriasis treatment market during the forecast period. This is due to the relatively lower prevalence of psoriasis in these regions, along with the limited availability of advanced treatment options.
Regional trends in the psoriasis treatment market:
- North America: The North American psoriasis treatment market is dominated by biologics, which account for over 60% of the market share. The high prevalence of psoriasis in the region, along with the availability of advanced treatment options, is driving the growth of the biologics segment.
- Europe: The European psoriasis treatment market is also dominated by biologics, which account for over 50% of the market share. The increasing awareness of psoriasis and the growing demand for effective treatment options are driving the growth of the biologics segment in Europe.
- Asia Pacific: The Asia Pacific psoriasis treatment market is expected to witness the fastest growth in the biologics segment during the forecast period. This is due to the increasing prevalence of psoriasis in the region, along with the rising disposable incomes and growing awareness of psoriasis treatment options.
- Latin America and the Middle East and Africa: The Latin American and the Middle East and Africa psoriasis treatment markets are dominated by topicals, which account for over 60% of the market share. The relatively lower prevalence of psoriasis in these regions, along with the limited availability of advanced treatment options, is driving the growth of the topicals segment.
Conclusion:
The global psoriasis treatment market is expected to witness significant growth during the forecast period, driven by the increasing prevalence of psoriasis, the rising demand for effective treatment options, and the growing awareness of psoriasis among patients and healthcare professionals.
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