The global idiopathic pulmonary fibrosis treatment market size reached a value of US$ 3,278 Million in 2021. Looking forward, IMARC Group expects the market to reachUS$ 5,268 Million by 2027, exhibiting at a CAGR of 7.89% during 2022-2027.
Idiopathic pulmonary fibrosis (IPF) refers to a chronic lung disease that causes the buildup of scar tissues in the lungs. This condition hinders the oxygen-carrying functionality of the lungs, thus resulting in breathing difficulties. IPF is diagnosed through various chest imaging evaluations, including lung biopsies, antibody tests, and pulmonary function tests. It can be treated through anti-fibrotic drugs and supportive treatment options, such as oxygen therapy and palliative care.
Idiopathic Pulmonary Fibrosis Treatment Market Trends:
The increasing prevalence of fibrotic diseases, especially in the geriatric population, and a rise in the cigarette smoking population are majorly fueling the global IPF treatment market growth. Additionally, increasing health consciousness amongst consumers and the rising awareness regarding the effective prevention and management strategies of IPF are further supporting the market growth. Moreover, rising investments in improving the healthcare infrastructure and extensive research and development (R&D) activities for introducing novel medicines for IPF are creating a positive outlook for the market.
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Idiopathic Pulmonary Fibrosis Treatment Market 2022-2027 Analysis and Segmentation:
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
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 and Vectura Group Plc.
The report has segmented the market on the basis on region, drug class and end user.
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: United States, Canada
- Asia Pacific: China, Japan, India, South Korea, Australia, Indonesia, Others
- Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Others
- Latin America: Brazil, Mexico, Other
- Middle East and Africa
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