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How has the siliq market grown over the years?

The market size for siliq has recently experienced an XX (HCAGR). There will be an advancement from $XX million in 2024 to $XX million in 2025, signifying a compound annual growth rate (CAGR) of XX%. The expansion in the historical timeframe can be correlated with the escalation in the occurrence of psoriasis, an augmentation in the total diagnosed prevalence, a surge in incidence of chronic HF worldwide, a rise in skin disease prevalence, and growing acceptance of biologic therapies.

What Is the forecasted market size and growth rate for the siliq market?

It is projected that the siliq market size will experience XX (FCAGR) over the forthcoming years, with the potential of reaching a mark of $XX million by 2029, based on an estimated compound annual growth rate (CAGR) of XX%. This growth during the prediction period may be driven by escalating online shopping patterns among patients, heightened patient expectation for better living standards, increasing fascination towards combination therapies, successful outcomes in clinical trials, and a surge in the usage of telemedicine. Key trending factors within this period include progress in technology applied to delivery systems, cutting-edge products, and technologies, a gradual direction towards personalized medicine, sophisticated digital marketing strategies, and the technological advancement of AI-centric tools in the siliq market.

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What are the major factors driving growth in the siliq market?

The rise in skin disease occurrences is stimulating the expansion of the siliq market. Skin disease covers a wide variety of conditions that can detrimentally impact the structure, function, or appearance of the skin, commonly resulting from infection, inflammation, genetic factors, autoimmunity or environmental causes. Amplified occurrence of skin disease can be traced back to various factors such as alterations in the environment, escalating pollution, increased exposure to sun, genetic predispositions, and lifestyle aspects like an unhealthy diet and stress. Siliq is especially effective for skin conditions, focusing on moderate to severe plaque psoriasis, as it addresses specific immune system pathways, reducing inflammation, enhancing skin’s appearance, and lessening symptoms like redness, scaling, and itching. For example, in January 2024, the American Cancer Society, a non-profit organization based in the US, aiming at eliminating cancer, estimated 108,270 reported cases of skin cancer, a 3.2% increase from the 104,930 cases reported in 2023. Consequently, the rise in skin disease occurrences is effectively driving the expansion of the siliq market.

What key areas define the segmentation of the global siliq Market?

The siliq market covered in this report is segmented –

1) By Clinical Indication: Moderate To Severe Plaque Psoriasis; Other Indications

2) By Distribution Channel: Hospital Pharmacies; Retail Pharmacies; Specialty Pharmacies

3) By End-User: Hospitals; Specialty Clinics; Home Care Settings

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What are the top market players propelling the growth of the siliq industry?

Major companies operating in the siliq market are Valeant Pharmaceuticals International Inc.

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What regions are dominating the siliq market growth?

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

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