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Idiopathic Pulmonary Fibrosis Market Expected To Enable the Stakeholders for Market Opportunities
Idiopathic Pulmonary Fibrosis Market
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Idiopathic pulmonary fibrosis is a disease in which lung tissue becomes thick and stiff over time, resulting in a decrease in the tissue's ability to carry oxygen. An increase in the elderly population and an increase in patients suffering from idiopathic pulmonary fibrosis are expected to drive the market growth. In addition, an increase in the smoking population promotes market growth. However, market growth is limited because no treatment options are available to fully cure the disease.
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Perifenidone is expected to dominate the market during the analysis period as this drug helps slow scarring and preserve lung function. Nintedanib is expected to record the highest CAGR of 12.2% over the forecast period.
Key Results of the Idiopathic Pulmonary Fibrosis Market:
• Nintedanib is expected to grow at a CAGR of 12.2% over the forecast period.
• Pirpenidone accounted for more than half of the global idiopathic pulmonary fibrosis market in 2016.
• France and Germany jointly occupied more than a third of the European idiopathic pulmonary fibrosis market in 2016.
• Japan was the largest shareholder, accounting for more than a third of the Asia Pacific idiopathic pulmonary fibrosis market in 2016.
• Brazil is the majority shareholder in the LAMEA idiopathic pulmonary fibrosis market in 2016.
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The Asia Pacific region is expected to record the highest CAGR of 13.0% over the forecast period due to a growing population suffering from fibrotic disease and a growing aging population. In addition, the increase in medical expenditure provides a favorable opportunity for market growth.
The major companies featured in the report include MediciNova, Inc., Boehringer Ingelheim, F. Hoffmann-La Roche, FibroGen, Inc., Promedior, Inc., Merck & Co., Inc., Galapagos NV, Biogen, Bristol-Myers Squibb Company, Prometic Life Sciences Inc. And Cipla Inc.
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