Pediatric Psoriasis Market Growth – at a CAGR of 10.3% During Forecast Period 2020-2028
Growing awareness of rare diseases and high incidence rate of psoriasis among children and infants are among the key factors driving the global market revenue growth
Emergen Research has published its latest report titled “Pediatric Psoriasis Market, By Type (Plaque psoriasis, Guttate psoriasis, Pustular psoriasis, Inverse psoriasis, Erythrodermic psoriasis, Mucosal/oral psoriasis, Nail psoriasis, Napkin or diaper psoriasis, Photosensitive psoriasis, Flexural psoriasis), By Treatment (Topical therapy, Oral, Injections, Biologics, Natural supplements, Phototherapy), By End-use (Hospitals, Specialty clinics, Ambulatory care centers, Research organizations), and By Region Forecast to 2028”
According to Emergen Research, the global pediatric psoriasis market size was USD 10.76 billion in 2020 and is expected to reach USD 23.58 billion in 2028 and register a revenue CAGR of 10.3% during the forecast period, 2021-2028.
The global pediatric psoriasis market revenue growth is primarily driven by factors such as growing incidence rate of psoriasis among children and infants across the globe, increasing awareness of early detection and treatment of chronic skin diseases, rise in research & development activities for development of advanced biologics with higher clinical efficacy, and growing demand for more advanced and cost-effective drugs for treatment of pediatric psoriasis. Psoriasis is a non-infectious skin condition that causes skin cells to grow more rapidly than usual, building up thick, itchy, and silvery scales on the skin’s surface called plaques. The condition is mostly associated with an overactive immune system and can also be passed from one generation to another.
Psoriasis in children, known as pediatric psoriasis, generally shows mild or moderate symptoms and can be treated with medication. The condition can be categorized into three different types, including pediatric psoriasis with psoriatic arthritis, psoriasis with early-onset, and self-limited disease of infancy. The most common symptoms of pediatric psoriasis include red, dry, and itchy patches of skin, frequent soreness, bleeding, or a burning sensation in the affected areas, and various changes in nails, such as thick and pitted fingernails and yellowing of the nails. Increasing regulatory approvals for new and more effective psoriasis drugs and therapeutics are expected to further drive the global pediatric psoriasis market revenue growth. For instance, U.S. FDA granted approval for the promising drug Ustekinumab for plaque psoriasis in children in July 2020.
COVID-19 Impact Analysis:
- Social distancing and restrictions severely disrupted businesses and operations
- Lockdowns caused disruptions in transportation and logistics
- Impacted manufacturing activities and mining operations globally
- Took a toll on economy of various countries
- Caused sudden and drastic downturn in economic activity
- Disrupted agriculture, fisheries, dairy, and other sectors
- Caused loss of employment and financial crisis
- Supply impacts were further compounded owing to reduced disposable income
- Emergence of variants continue to cause concerns and impact normal routines
Topical Therapy Segment Accounted for Largest Revenue Share in 2020:
Based on treatment, the global pediatric psoriasis market is segmented into topical therapy, oral, injections, biologics, natural supplements, and phototherapy. The topical therapy segment dominated other segments in terms of revenue share in the global market in 2020. Rising awareness chronic skin diseases, increasing cases of pediatric psoriasis worldwide, rise in research & development activities for advanced drugs and therapies, and growing demand for topical therapies for pediatric psoriasis treatment are key factors driving revenue growth of this segment.
Hospitals Segment to Account for Fastest Revenue CAGR:
Based on end-use, the global pediatric psoriasis market is segmented into hospitals, specialty clinics, ambulatory care centers, and research organizations. The hospitals segment is expected to register the fastest revenue growth rate in the global market over the forecast period. Increasing cases of severe pediatric psoriasis, growing rate of hospital admissions, and rapid adoption of safer and more advanced drugs and therapeutics for treatment of pediatric psoriasis are among the major factors supporting revenue growth of this segment.
North America Accounted for Largest Revenue Share in 2020:
Among regional markets, the North America pediatric psoriasis market accounted for the largest revenue share in the global market in 2020. Increasing incidence of psoriasis among children and infants, rising awareness of chronic skin diseases, increasing research & development activities to develop advanced biologics, growing demand for more advanced and drugs & therapeutics for pediatric psoriasis treatment, and presence of leading market players in the region, including Amgen Inc., Johnson & Johnson, and Eli Lilly & Company, are key factors driving the North America market revenue growth.
Major Companies in the Global Pediatric Psoriasis Market Include:
- AbbVie Inc.
- Amgen Inc.
- Johnson & Johnson
- Novartis AG
- Eli Lilly & Company
- Celgene Corporation
- Boehringer Ingelheim
- LEO Pharma
For the purpose of this report, Emergen Research has segmented the global pediatric psoriasis market on the basis of type, treatment, end-use, and region:
Type Outlook (Revenue, USD Billion; 2018-2028)
- 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 Billion; 2018-2028)
- Topical therapy
- Natural supplements
End-use Outlook (Revenue, USD Billion; 2018-2028)
- Specialty clinics
- Ambulatory care centers
- Research organizations
Region Outlook (Revenue, USD Billion; 2018-2028)
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
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