Press release
Ilumya Market Forecast 2025-2034: Evaluating Growth Factors, Segments, and Emerging Trends
Ilumya
The escalating occurrence of psoriasis is predicted to fuel the expansion of the ilumya market. Defined as a chronic autoimmune disorder, psoriasis hastens the growth of skin cells which results in reddish, scaly skin patches. This increase in psoriasis cases can be traced back to enhanced diagnosis and awareness, environmental triggers, genetic factors, obesity, and the effect of specific medications and infections. Ilumya is a necessary treatment option for psoriasis as it aids to lower inflammation and decelerate the overproduction of skin cells by targeting the interleukin-23 (IL-23), successfully controlling the indications of moderate to severe plaque psoriasis. As an illustration, a prediction made in a National Library of Medicine (NLM) report in May 2023, stated that the incidence and DALY numbers related to psoriasis are likely to rise among individuals between the age of 30-39 from 2020 to 2030. Consequently, the escalating occurrence of psoriasis is stimulating the expansion of the ilumya market.
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What growth opportunities are expected to drive the ilumya market's CAGR through 2034?
In recent years, there has been a significant XX(HCAGR) growth in the Ilumya market. The market, previously valued at $XX million in 2024, is predicted to increase to $XX million in 2025, with a compound annual growth rate (CAGR) of XX%. This growth throughout the historical period is primarily due to an increase in rheumatoid arthritis cases, a heightened demand for psoriasis treatments, an augmentation in research and development investment for new drugs, a growing psoriasis burden, and a rise in immunological disorder prevalence.
The market size for ilumya is projected to witness a growth of XX (FCAGR) in the coming years, escalating to $XX million by 2029 with a compound annual growth rate (CAGR) of XX%. This anticipated growth over the forecast period can be linked to the increasing cases of plaque psoriasis, the growing demand for tildrakizumab, the rise in the utilization of combination therapies, an upward trend in disease burden, and a climb in healthcare spending. Key trends that will characterize the forecast period include groundbreaking innovations, the embrace of more advanced treatment therapies, product innovation, a renewed focus on the development of biologics for psoriasis management, and progress in drug delivery systems.
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What are the emerging trends shaping the future of the ilumya market?
In the Ilumya industry, the predominant trend is the introduction of cutting-edge products such as treatments for moderate-to-severe plaque psoriasis focusing on interleukin-23 (IL-23). Moderate-to-severe plaque psoriasis is an escalated form of psoriasis, it's a persistent autoimmune disorder that triggers excessive multiplication of skin cells, leading to dense, flaky patches known as plaques. For example, Sun Pharmaceutical Industries Inc., an Indian pharmaceutical enterprise, in March 2022 unveiled five data abstracts for ILUMYA (tildrakizumab-asmn) at the 2022 American Academy of Dermatology (AAD) Annual Meeting. These abstracts displayed interim real-world evidence illuminating the safety and efficiency of ILUMYA in treating patients with moderate-to-severe plaque psoriasis. The evidence showed notable enhancements in disease activity and patients' quality of life, with no new safety issues arising.
Which growth-oriented segments of the ilumya market are leading the industry's development?
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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What regions are leading the charge in 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.
What companies are at the forefront of innovation in the ilumya market?
Major companies operating in the ilumya market include Sun Pharmaceutical Industries Ltd
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What Is Covered In The Ilumya Global Market Report?
•Market Size Forecast: Examine the ilumya market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the ilumya market for a structured understanding.
•Key Players Overview: Analyze major players in the ilumya market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the ilumya market.
•Segment Contributions: Evaluate how different segments drive overall growth in the ilumya market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the ilumya market.
•Industry Challenges: Identify potential risks and obstacles affecting the ilumya market.
•Competitive Landscape: Review strategic developments in the ilumya market, including expansions, agreements, and new product launches.
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