Pediatric Psoriasis Market Size, Revenue, Trends, Competitive Landscape Study & Analysis, Forecast To 2030
The global pediatric
psoriasis market was valued at USD 9.76 billion in 2019 and is
expected to reach USD 21.38 billion by the year 2027, at a CAGR of 10.3%. The
global Pediatric psoriasis market is growing at a significant pace owing to the
growing demand for therapy for diseases such as pediatric psoriasis, favorable
government initiatives followed by intensive product development. Considering
the factors such as considering the physical development and rate of cutaneous
absorption, treating a child with psoriasis has been a huge challenge. With the
advent of technology, research has contributed significantly to the various
development of treatment for the disease across the globe. Psoriasis is a
life-long devitalizing disease that has a significant impact both emotionally
and physically including other aspects of life of children. The prolonged sun
exposure makes it more demanding while considering phototherapy in children for
the rest of their life. Therefore, long-term treatment of psoriasis, with
phototherapy or drugs, needs critical evaluation.
Researchers in emerging economies provide the untapped
potential for the market to grow during the forecast period. The childhood
population has very few approved treatment options for infantile psoriasis.
Furthermore, to broaden the therapeutic options, key market players are taking
vital initiatives to expand their product offerings.
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Key Highlights from the Report
- The
North America Pediatric psoriasis market is anticipated to dominate the in
the global market. Increasing awareness of the disease and favorable
research funding scenario and government initiatives, and high medical
reimbursement facilities are the major driving factors for the growth of
this market.
- Other
factors such as increasing awareness regarding treatments coupled with
snowballing prevalence in the countries like U.S will provide traction to
the market. According to the International Federation of Psoriasis
Association, nearly 100,000 new cases are registered and reported every
year. However, associated side effects associated with the treatment is
expected to hamper the market.
- Based
on type segment, plaque psoriasis are expected to have the largest market
share among the other segments during the forecast period. This is
attributed to the highest prevalence of the disease in children. Moreover,
it is most common form psoriasis. According to the National Psoriasis
Foundation (NPF), if a parent has psoriasis, child’s chances of developing
psoriasis increases by 10%.
- Hospitals
are expected to be the largest segment for the Pediatric psoriasis market
during the forecast period. The growth is contributed to its wide
application in hospitals and high adoption of therapeutics. Therefore to
develop effective, safe medications and doses, researchers would further
impact the market positively.
- Key
participants include AbbVie Inc.; Amgen Inc.; Johnson & Johnson;
Novartis AG; Eli Lilly & Company; AstraZeneca; Celgene Corporation;
UCB; and Merck, Boehringer Ingelheim and LEO Pharma and others.
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Emergen research have segmented into the global Pediatric
psoriasis market on the basis of type, treatment, end use, and region:
Type Outlook (Revenue, USD million; 2017-2027)
- Plaque
psoriasis
- Guttate
psoriasis
- Pustular
psoriasis
- Inverse
psoriasis
- Erythrodermic
psoriasis
- Mucosal/oral
psoriasis
- Nail
psoriasis
- Napkin
or diaper psoriasis
- Photosensitive
psoriasis
- Flexural
psoriasis
Treatment Outlook (Revenue, USD million; 2017-2027)
- Topical
therapy
- Oral
- Injections
- Biologics
- Natural
supplements
- Phototherapy
End Use Outlook (Revenue, USD million; 2017-2027)
- Hospitals
- Specialty
Clinics
- Ambulatory
Care Centers
- Research
Organizations
Regional Outlook (Revenue, USD million; 2017-2027)
- North
America
- US.
- Europe
- Germany
- UK
- France
- Spain
- Italy
- Rest
of the Europe
- Asia
Pacific
- China
- India
- Japan
- South
Korea
- Rest
of Asia-Pacific
- Middle
East & Africa
- Latin
America
- Brazil
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