(EMAILWIRE.COM, January 03, 2018 ) Middle East & Africa Psoriasis Drugs Market is expected to reach USD 0.5 billion by 2021 from USD 0.4 billion in 2016, growing at a CAGR of 7.24% during the forecast period 2016-2021. Psoriasis is noncommunicable inflammatory skin condition that alter the life cycle of skin cells by speeding up the growth of cells on the surface of the skin. Rapid development of cells produces thick, silver scales, and makes the skin red, dry, flaky, and itchy. Currently, no permanent cure is available for the disease, however preventative measures can be adopted to slow down the growth of skin cells on the surface of the skin. Psoriasis can be treated either with pharmaceuticals or biopharmaceuticals therapies through topical and systemic process. These medications administered either by applying on the skin, or consumed orally, or through injections specifically block parts of immune system process by specifically targeting Tumour Necrosis Factor (TNF), Phosphodiesterase Type 4 (PDE4), Interleukin, among others. Psoriasis is less prevalent in Middle East & Africa as compared to North America and Europe.

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The growth of Psoriasis Drugs market is majorly driven by factors such as increasing public awareness, introduction of novel drugs, and unmet needs of effective drugs. The key restraints of the market are high cost involved in drug development, side effects from the systemic and biologics medication, and lack of access to basic healthcare facilities. Additionally, psoriasis is less prevalent in Middle East & Africa as compared to North America and Europe, thereby restricting the growth of the product in the region.

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Middle East & Africa Psoriasis Drugs Market is segmented on the basis of Drug Type, Route of Administration, and Target. Based on Drug Type, the market is classified into Pharmaceuticals and Biopharmaceuticals. On the basis of Route of Administration, the market is classified into Topical and Systemic (Oral, Intravenous, and Others). On the basis of Target, the market is classified into Tumour Necrosis Factor, Phosphodiesterase Type 4, Interleukin, and Others

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The major companies dominating Middle East & Africa Psoriasis Drugs market are Johnson & Johnson (USA), Novartis International AG (Switzerland), Pfizer Inc (USA), Merck and Co. Inc (USA), Celgene Corporation (USA), Janssen Biotech Inc (USA), Stiefel Laboratories Inc (USA), Takeda Pharmaceutical Company Limited (Japan), Amgen (USA), and AbbVie (USA).

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