According to the latest report by IMARC Group, titled, “United States Idiopathic Pulmonary Fibrosis Treatment Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027“, The United States idiopathic pulmonary fibrosis treatment market is expected to exhibit a CAGR of 7.30% during 2022-2027. This report can serve as an excellent guide for investors, researchers, consultants, marketing strategists and all those who are planning to foray into the market in any form.
An interstitial lung condition known as idiopathic pulmonary fibrosis (IPF) results in the accumulation of scar tissues in the lungs. It is diagnosed via blood tests, chest imaging studies, lung biopsies, computer tomography (CT) scans, pulmonary function tests, antibody tests, etc. Idiopathic pulmonary fibrosis is treated by prescribing anti-fibrotic drugs containing nintedanib and pirfenidone salts which aid in minimizing the risk of acute respiratory deterioration. In line with this, several supportive treatment options, such as oxygen therapy, pulmonary rehabilitation, palliative care, etc., are also utilized to provide comfort and improve the recovery of patients.
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United States Idiopathic Pulmonary Fibrosis Treatment Market Trends and Drivers:
The market for treatments for idiopathic pulmonary fibrosis in the United States is primarily driven by the rising prevalence of fibrotic disorders, particularly among the geriatric population as a result of the rising levels of environmental contaminants. Moreover, the widespread adoption of nicotine-based items, including cigarettes, is further catalyzing the market growth. Apart from this, the rising consumer awareness towards the availability of effective strategies for preventing and managing IPF is acting as another significant growth-inducing factor. Additionally, numerous technological advancements in diagnostic techniques and extensive improvements in existing healthcare systems are augmenting the market growth in this country. Besides this, the growing investments in R&D activities aimed at developing and commercializing novel drugs are anticipated to fuel the United States idiopathic pulmonary fibrosis treatment market over the forecasted period.
Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
United States Idiopathic Pulmonary Fibrosis Treatment Market 2022-2027 Competitive Analysis and Segmentation:
- The competitive landscape of the industry has also been examined along with the profiles of the key players.
The report has segmented the market based on drug class and end user.
Breakup by Drug Class:
- MAPK Inhibitors
- Tyrosine Inhibitors
- Autotaxin Inhibitors
Breakup by End User:
- Long-term Care Facilities
Breakup by Region:
Key Highlights of the Report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
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