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How has the ilumya market size evolved in recent years?

In the prior years, the market size for ilumya noted an XX (HCAGR). Projected growth from 2024’s $XX million to $XX million in 2025 will take place at a compound annual growth rate (CAGR) of XX%. This upward trajectory during the historic period is explained by a surge in rheumatoid arthritis, a growing need for treatments targeting psoriasis, increased funding allocated to the research and development of novel drugs, a rising incidence of psoriasis, and the climbing frequency of immunological disorders.

What are the predictions for the ilumya market size in the coming years?

Expectations are for the Ilumya market size to experience an XX (FCAGR) increase in the forthcoming years, reaching an estimated $XX million in 2029 with a compound annual growth rate of XX%. This growth throughout the forecast period is largely attributed to the rising instances of plaque psoriasis, higher demand for tildrakizumab, increasing usage of combination therapies, a growing disease burden, and heightening healthcare expenditures. Key trends projected during this forecast period comprise breakthrough innovations, the adoption of sophisticated treatment procedures, product novelty, intensified focus on creating biologics for psoriasis management, and advancements in drug delivery mechanisms.

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What key factors are fueling the growth of the ilumya market?

The escalating incidence of psoriasis is anticipated to bolster the expansion of the ilumya market in the future. Psoriasis, a chronic autoimmune disease, hastens the growth of skin cells leading to the formation of red, flaky skin patches. The increasing occurrence of psoriasis can be credited to numerous factors, including improved diagnosis and knowledge, environmental elements, genetic inclination, obesity, as well as the influences of particular medications and infections. Ilumya is utilized in the treatment of psoriasis as it aids in mitigating inflammation and curbing the excessive production of skin cells by focusing on interleukin-23 (IL-23), thereby effectively controlling the symptoms of moderate to severe plaque psoriasis. Notably, a report from the National Library of Medicine (NLM), a US-based medical library predicting in May 2023, the incidence and DALY numbers of psoriasis will escalate among folks aged between 30-39 from 2020 to 2030. Hence, the rising prevalence of psoriasis is fueling the expansion of the ilumya market.

How is the global ilumya market divided into key segments?

The ilumya market covered in this report is segmented –

1) By Patient Demographics: Pediatric Patients, Adult Patients

2) By Distribution Channel: Hospitals, Specialty Clinics, Online Pharmacies, Retail Pharmacies

3) By Application: Plaque Psoriasis, Psoriatic Arthritis, Other Inflammatory Conditions

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Who are the key firms paving the way for growth in the ilumya market?

Major companies operating in the ilumya market include Sun Pharmaceutical Industries Ltd

Which trends are expected to transform the ilumya market?

A primary tendency within the Ilumya market involves the creation of new, innovative items, particularly targeted therapies for moderate-to-severe plaque psoriasis, a more severe type of psoriasis that centers on targeting interleukin-23 (IL-23). This autoimmune disease in its chronic form prompts excessive growth of skin cells, producing thick scales referred to as plaques. For example, Sun Pharmaceutical Industries Inc., a pharmaceutical corporation based in India, unveiled five data abstracts for ILUMYA (tildrakizumab-asmn) in March 2022, during the American Academy of Dermatology (AAD) Annual Meeting of that same year. Emphasizing interim real-world data, these abstracts accentuated the safety and effectiveness of ILUMYA for patients with moderate-to-severe plaque psoriasis. The collected data demonstrated a substantial enhancement in both sickness activity and patient life quality, with no additional safety issues arising.

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What regions are contributing significantly to the growth of the ilumya market?

North America was the largest region in the ilumya market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the ilumya market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

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