Ilumya, Growth, Opportunity, Forecast, Global Market Report 2025 to 2034

Ilumya

What Does the Ilumya Market Size Analysis Tell Us?
The Ilumya market size has shown significant growth in recent years and will reportedly grow from $XX million in 2024 to $XX million in 2025 at a compound annual growth rate (CAGR) of XX%. Factors such as the rising prevalence of rheumatoid arthritis, increasing investments in research & development of new drugs, and the increasing prevalence of immunological disorders have fueled this growth. Predictions for future growth suggest that the Ilumya market size will grow at a steady rate in the next few years, reaching $XX million in 2029 at a compound annual growth rate (CAGR) of XX%, driven by factors like the rising prevalence of plaque psoriasis, increasing demand for tildrakizumab, and increasing healthcare expenditure.

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What Are the Key Drivers of the Ilumya Market Growth?
The rising prevalence of psoriasis is a significant driver of the Ilumya market. Psoriasis is a long-term autoimmune condition that escalates skin cell growth, resulting in red, scaly patches on the skin. Advancements in the use of Ilumya to manage moderate to severe plaque psoriasis symptoms have contributed greatly to the market’s expansion. For instance, according to a May 2023 report by the National Library of Medicine (NLM), the incidence and DALY numbers of psoriasis among individuals aged 30-39 are expected to increase by 2030.

How is the Ilumya Market Segmented?
The Ilumya market is segmented as follows:

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 Major Players in the Ilumya Market?
Sun Pharmaceutical Industries Ltd is among the significant companies operating in the Ilumya market.

What are the Emerging Trends in the Ilumya Market?
The Ilumya market has seen innovative product developments targeting interleukin-23 (IL-23) for treating moderate-to-severe plaque psoriasis. For example, in March 2022, Sun Pharmaceutical Industries Inc. presented five data abstracts for ILUMYA at the 2022 American Academy of Dermatology (AAD) Annual Meeting. The data showed considerable improvements in disease activity and quality of life for patients with no new safety concerns.

Where is the Fastest Growth Observed in the Ilumya Market?
North America was the largest region for the Ilumya market in 2024, whereas Asia-Pacific is expected to be the fastest-growing region in the forecast period.

What Does The Ilumya Global Market Report 2025 Offer?
Ilumya is a prescription medication for treating moderate to severe plaque psoriasis in adults who are candidates for systemic therapy or phototherapy. It is a monoclonal antibody targeting interleukin-23 (IL-23), an involved cytokine in inflammation and the overproduction of skin cells. The Ilumya 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.

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