How Will The Cosentyx Drug Market Advance From 2024 to 2029?
The Cosentyx drug market size has seen substantial growth in the past few years, scaling up from $5,195.11 million in 2024 to a projected $5,683.20 million in 2025 with a compound annual growth rate (CAGR) of 9.4%. The impressive growth is largely attributable to factors such as FDA approval, early market entry, shift toward biologics, strong clinical efficacy, and numerous global regulatory approvals.
The market is anticipated to maintain this growth momentum in the coming years and further accelerate, expected to reach $8,030.80 million in 2029 at a CAGR of 9.0%. The forecasted growth is influenced by the mounting prevalence of autoimmune diseases, expansion of approved indications, advancements in biologic therapies, favorable reimbursement policies, and strong clinical outcomes.
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What Are The Primary Growth Drivers For The Cosentyx Drug Market?
The cosentyx market is mainly fueled by an increase in autoimmune diseases and rising healthcare expenditure. Autoimmune diseases occur when the immune system mistakenly attacks the body’s healthy cells and tissues. The frequency of such diseases is on the rise due to genetic predisposition, environmental factors, lifestyle changes, and increased stress levels.
Additionally, healthcare expenditure is seeing an uptick due to numerous factors such as an aging population, chronic diseases, advanced medical technology, high drug prices, inefficient payment models, and increased demand for services. All these factors together are driving strong cosentyx market growth.
What Are The Major Segments Of The Cosentyx Drug Market?
The Cosentyx drug market is segmented on the basis of:
1) Indication: Hidradenitis suppurativa; Psoriatic arthritis; Ankylosing spondylitis; Plaque Psoriasis
2) Route Of Administration: Subcutaneous injection; Intravenous infusion
3) Distribution Channel: Hospital Pharmacies; Online Pharmacies; Retail Pharmacies
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Who Are The Key Players In The Cosentyx Drug Market?
The major company operating in the cosentyx drug market includes Novartis AG.
What Are The Trends Shaping The Cosentyx Drug Market?
The evolving trend in the cosentyx drug market features the development of advanced therapies such as biological treatment options to cater to unmet medical needs, enhance treatment efficacy, and provide targeted therapies for managing chronic autoimmune conditions.
Which Region Will Lead In The Cosentyx Drug Market?
North America held the largest share in the cosentyx drug market in 2024 while the Asia-Pacific region is projected to be the fastest-growing region in the forecast period.
What Does The Cosentyx Drug Global Market Report 2025 Offer?
The Cosentyx Drug Global Market Report 2025 research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities. Cosentyx (secukinumab) is a prescription biologic medication that inhibits interleukin-17A (IL-17A), a protein involved in inflammation primarily used to treat various autoimmune conditions.
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