Recent Developments and Market Dynamics of North America Interleukin Inhibitors Market
North America interleukin inhibitors market is projected to grow at a modest CAGR of 9.7% during the forecast period (2024-2031). The market growth is driven by the rise in the prevalence of various diseases such as arthritis, asthma, eczema, inflammatory bowel disease (IBD), psoriasis, and others. Additionally, the well-established healthcare sector in the region creates a wide scope for market growth.
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North America Interleukin Inhibitors market is segmented based on product type and applications. Based on the product type, the market is segmented into IL-1 inhibitors, IL-5 inhibitors, IL-6 inhibitors, IL-17 inhibitors, and IL-23 inhibitors. Based on the applications, the market is segmented as arthritis, asthma, eczema, Inflammatory Bowel Disease (IBD), psoriasis, and others. Further, based on geography, the North America Interleukin Inhibitors market is segmented into the US and Canada.
The US is likely to hold a significant market share during the forecast period owing to the presence of the key market players in the region. Companies such as Eli Lilly and Co., F. Hoffmann-La Roche Ltd., GlaxoSmithKline Plc, Johnson and Johnson Services Inc., Merck KgaA, AstraZeneca Plc, and Sun Pharmaceutical Industries Ltd. are contributing significantly to the market growth.
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