According to the latest report by IMARC Group, titled "Idiopathic Pulmonary Fibrosis Treatment Market : Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027," 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.
Idiopathic pulmonary fibrosis (IPF) is severe interstitial pneumonia that is mainly characterized by the formation of scar tissue within the lungs, which causes insufficient delivery of oxygen to the body parts and difficulties in breathing. It is diagnosed via blood tests, lung biopsies, chest imaging studies, computer tomography (CT) scans, antibody tests, pulmonary function tests, etc. IPF can be treated using anti-fibrotic drugs and supportive remedy options, including oxygen therapy, pulmonary rehabilitation, palliative care, etc. As a result, IPF treatment finds widespread applications in hospitals, medical clinics, long-term care facilities, etc., across countries.
Idiopathic Pulmonary Fibrosis Treatment Market Trends:
The escalating prevalence of fibrotic diseases, particularly among the geriatric population, is one of the primary factors driving the idiopathic pulmonary fibrosis treatment market. Besides this, the rising consumption of nicotine-based products, the inflating pollution, and the increasing stress levels among consumers are further augmenting the market growth. Apart from this, various technological advancements in the IPF diagnostic techniques that aid in reducing the risk of acute respiratory deterioration, providing comfort to patients, improving the chances of recovery, enhancing lung functioning, etc., are also catalyzing the global market. Moreover, the launch of favorable policies by the government bodies for the expansion of existing healthcare systems is acting as another significant growth-inducing factor. Furthermore, the elevating research and development (R&D) activities aimed at the introduction and commercialization of novel medicines are expected to propel the idiopathic pulmonary fibrosis treatment market in the coming years.
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Idiopathic Pulmonary Fibrosis Treatment Market 2022-2027 Analysis and Segmentation:
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:
Breakup by End User:
Long-term Care Facilities
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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Key highlights of the report:
Market Performance (2016-2021)
Market Outlook (2022- 2027)
Porter's Five Forces Analysis
Market Drivers and Success Factors
Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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