Global Antifibrotic Drugs Market Comprehensive Insight by Growth Rate, Industry Status, Forecast till 2027The global antifibrotic drugs market is anticipated to grow at a significant CAGR during the forecast period (2021-2027). The key factor that is anticipated to drive the market growth includes the rising prevalence of idiopathic pulmonary fibrosis and the growing R&D activities. Idiopathic pulmonary fibrosis is a serious, though rare disease majorly affecting human lungs. It primarily leads to the building up of scar tissue within the lungs. This stiffens them as such where they fail to contract and expand. Talking about idiopathic pulmonary fibrosis, in the US alone about 30,000 to 40,000 new cases are found each year, as per the National Institutes of Health (NIH). Across the globe, the incidence of idiopathic pulmonary fibrosis is estimated to be 10.7 cases per 100,000 person-years for males and 7.4 cases per 100,000 person-years for females. The prevalence of idiopathic pulmonary fibrosis is estimated to be 20 cases per 100,000 persons for males and 13 cases per 100,000 persons for females.
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Some key players operating in the market include Boehringer Ingelheim GmbH, F. Hoffman La-Roche AG, and Bristol-Myers Squibb Company, among others. Further, Esbriet, an oral pirfenidone approved for the treatment of idiopathic pulmonary fibrosis and is available in around 40 countries globally received the Orphan Drug Designation and was approved for use in Europe in 2011 in adults with mild-to-moderate idiopathic pulmonary fibrosis (and in the US in people with idiopathic pulmonary fibrosis in October 2014).
· The market number available for – 2020-2027
· Base year- 2020
· Forecast period- 2021-2027
· Segment Covered
· Regions Covered- Globally
· Competitive Landscape: Boehringer Ingelheim GmbH, F. Hoffman La-Roche AG, and Bristol-Myers Squibb Company, among others.
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Global Antifibrotic Drugs Market by Segmentation
• Hospitals Pharmacies
• Retail Pharmacies
• Online Pharmacies
Global Antifibrotic Drugs Market by Region
· United States
· Rest of Europe
· South Korea
· Rest of APAC
Rest of the World
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