IMARC Group, a leading market research company, has recently releases report titled “Idiopathic Pulmonary Fibrosis Treatment Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” The study provides a detailed analysis of the industry, including the global idiopathic pulmonary fibrosis treatment market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

Report Highlights

How big is the idiopathic pulmonary fibrosis treatment market?

The global idiopathic pulmonary fibrosis treatment market reached a value of US$ 3,278 Million in 2021. Looking forward, IMARC Group expects the market to reach US$ 5,268 Million by 2027, exhibiting at a CAGR of 7.89% during 2022-2027.

What is idiopathic pulmonary fibrosis treatment?

Idiopathic pulmonary fibrosis (IPF) is an interstitial lung disease that causes scarring of the lungs, reducing their oxygen delivering capacity. The chronic lung disease is progressive and irreversible in nature as it continuously impacts the functioning of the lungs. It causes difficulty in breathing and does not provide sufficient oxygen to different body parts. IPF can be diagnosed through chest imaging studies, lung biopsies, pulmonary function tests, and antibody tests. Thetreatment includes nintedanib and pirfenidone-based drugs that aid in lung functioning and minimize the risk of acute respiratory deterioration. They are also offered along with oxygen therapy and palliative care, which improve the chances of recovery and provide comfort to the patient.

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What are the growth prospects and trends in the idiopathic pulmonary fibrosis treatment industry?

The market is primarily driven by the rising geriatric population,which is susceptible tolung disorders. Aging is considered the greatest risk factor for the development of IPF. Moreover, the growing prevalence of fibrotic diseases, owing to changing lifestyles and heavy consumption of nicotine products like cigarettes is also propelling the demand for IPF treatment. Besides this, major healthcare companies are extensively investing in the development and commercialization of novel drugs, especially in emerging economies, which is fueling the growth of the market. The rising health consciousness among individuals regarding effective management strategies is also creating a positive outlook for the market. Furthermore, increasing healthcare expenditures and improving infrastructure arealso facilitating the market growth. Looking forward, the market value is expected to reach US$ 5,268 Million by 2027, exhibiting a CAGR of 7.89% during the forecast period (2022-2027).

What is included in market segmentation?

The report has segmented the market into the following categories:

Breakup by Drug Class:

  • MAPK Inhibitors
  • Tyrosine Inhibitors
  • Autotaxin Inhibitors

Breakup by End User:

  • Hospitals
  • Long-term Care Facilities
  • Others

Breakup by Region:

  • North America (U.S. & Canada)
  • Europe (Germany, United Kingdom, France, Italy, Spain, Russia, and Others)
  • Asia Pacific (China, India, Japan, South Korea, Indonesia, Australia, and Others)
  • Latin America (Brazil, Mexico)
  • Middle East & Africa

Who are the key players operating in the industry?

The report covers the major market players including:

  • AdAlta Pty Ltd.
  • Angion Biomedica Corp.
  • Boehringer Ingelheim International GmbH (C. H. Boehringer Sohn AG & Co. KG)
  • Bristol-Myers Squibb Company
  • Cipla Inc.
  • F. Hoffmann-La Roche AG (Roche Holding AG)
  • Fibrogen Inc.
  • Galapagos NV
  • Liminal BioSciences Inc.
  • Medicinova Inc.
  • Merck & Co. Inc.
  • Novartis AG
  • Vectura Group Plc.

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