Product Code: ETC6189483 | Publication Date: Sep 2024 | Updated Date: Aug 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | Author: Shubham Deep | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
The Australia psoriasis drugs market is expanding steadily due to the rising prevalence of psoriasis and the growing awareness regarding its treatment. Advances in biologics and targeted therapies have significantly transformed the treatment landscape, offering more effective and safer alternatives compared to traditional systemic treatments. Additionally, increasing healthcare spending and government support for dermatological care are further enhancing market opportunities. However, the high cost of biologic therapies remains a concern, particularly among patients without comprehensive insurance coverage.
The psoriasis drugs market in Australia is witnessing an increasing shift toward biologics and targeted therapies. As patient awareness about the chronic nature of psoriasis grows, there is a rising demand for treatments that offer long-term efficacy and fewer side effects. The governments emphasis on subsidizing expensive biologic therapies through the Pharmaceutical Benefits Scheme (PBS) is contributing to market expansion. Additionally, the growing prevalence of lifestyle-related triggers such as obesity and stress is pushing the demand for more effective therapies, with pharmaceutical companies investing in R&D for next-generation biologics and oral therapies.
The Australia Psoriasis Drugs market faces several challenges, such as the high cost of biologic treatments, which can limit accessibility for patients, especially in remote or underserved areas. Additionally, there is a growing concern over the long-term safety and side effects of some psoriasis treatments, which can discourage both patients and healthcare providers from opting for them. The market is also challenged by the need for more personalized treatment approaches, as psoriasis manifests differently among patients. The complexity of treatment regimens, coupled with a lack of awareness about newer therapies, further complicates patient compliance.
Investment in the Australia psoriasis drugs market is becoming increasingly attractive due to rising awareness, increasing diagnosis rates, and greater accessibility to dermatological treatments. The demand for biologics and advanced topical formulations is expanding, driven by patient preference for effective, long-term solutions with minimal side effects. Opportunities lie in R&D partnerships, local manufacturing units, and licensing of novel biologics, particularly those targeting moderate to severe psoriasis.
The Australia government, through the Pharmaceutical Benefits Scheme (PBS), subsidizes many psoriasis medications to ensure affordability. Regulatory oversight by the Therapeutic Goods Administration (TGA) ensures drug safety and efficacy, while clinical guidelines from the National Health and Medical Research Council (NHMRC) guide treatment protocols.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Australia Psoriasis Drugs Market Overview |
3.1 Australia Country Macro Economic Indicators |
3.2 Australia Psoriasis Drugs Market Revenues & Volume, 2021 & 2031F |
3.3 Australia Psoriasis Drugs Market - Industry Life Cycle |
3.4 Australia Psoriasis Drugs Market - Porter's Five Forces |
3.5 Australia Psoriasis Drugs Market Revenues & Volume Share, By Therapeutic Class, 2021 & 2031F |
3.6 Australia Psoriasis Drugs Market Revenues & Volume Share, By Treatment, 2021 & 2031F |
4 Australia Psoriasis Drugs Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing prevalence of psoriasis in Australia |
4.2.2 Growing awareness about psoriasis and available treatment options |
4.2.3 Advancements in drug development for psoriasis treatment |
4.3 Market Restraints |
4.3.1 High cost associated with psoriasis drugs |
4.3.2 Stringent regulatory requirements for drug approval |
4.3.3 Potential side effects of psoriasis medications |
5 Australia Psoriasis Drugs Market Trends |
6 Australia Psoriasis Drugs Market, By Types |
6.1 Australia Psoriasis Drugs Market, By Therapeutic Class |
6.1.1 Overview and Analysis |
6.1.2 Australia Psoriasis Drugs Market Revenues & Volume, By Therapeutic Class, 2021- 2031F |
6.1.3 Australia Psoriasis Drugs Market Revenues & Volume, By Tumor Necrosis Factor Inhibitor, 2021- 2031F |
6.1.4 Australia Psoriasis Drugs Market Revenues & Volume, By Interleukin Inhibitors, 2021- 2031F |
6.2 Australia Psoriasis Drugs Market, By Treatment |
6.2.1 Overview and Analysis |
6.2.2 Australia Psoriasis Drugs Market Revenues & Volume, By Topicals, 2021- 2031F |
6.2.3 Australia Psoriasis Drugs Market Revenues & Volume, By Systemic, 2021- 2031F |
6.2.4 Australia Psoriasis Drugs Market Revenues & Volume, By Biologics, 2021- 2031F |
7 Australia Psoriasis Drugs Market Import-Export Trade Statistics |
7.1 Australia Psoriasis Drugs Market Export to Major Countries |
7.2 Australia Psoriasis Drugs Market Imports from Major Countries |
8 Australia Psoriasis Drugs Market Key Performance Indicators |
8.1 Patient adherence rate to prescribed psoriasis drugs |
8.2 Number of clinical trials for new psoriasis treatments |
8.3 Rate of adoption of biologic drugs for psoriasis treatment |
9 Australia Psoriasis Drugs Market - Opportunity Assessment |
9.1 Australia Psoriasis Drugs Market Opportunity Assessment, By Therapeutic Class, 2021 & 2031F |
9.2 Australia Psoriasis Drugs Market Opportunity Assessment, By Treatment, 2021 & 2031F |
10 Australia Psoriasis Drugs Market - Competitive Landscape |
10.1 Australia Psoriasis Drugs Market Revenue Share, By Companies, 2024 |
10.2 Australia Psoriasis Drugs Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |