The Pulmonary Fibrosis Treatment Market to witness an influx of robotic surgeries at a CAGR of 6.2%

Monotherapy is cost-effective and gives deliverable action directly to the site of action in a few minutes, and is said to be a safe and effective method for treating idiopathic pulmonary fibrosis (IPF). According to Persistence Market Research (PMR), request for pulmonary fibrosis treatment is predicted to increase, enabling the market to surpass US$ 2.7 Bn by 2021. Over the coming years, rising cases of IPF will support the expansion of the market.

Get Sample Copy of Report @ https://www.persistencemarketresearch.com/samples/30070

High number of research & development projects, increasing investments, and favorable regulatory policies are some other factors supporting growth of the market for pulmonary fibrosis treatment. Majority of the population living with pulmonary fibrosis is being treated with traditional corticosteroid combination drugs with limited efficacy. With the arrival of new novel therapies, unaddressed populations in middle- and lower-income countries, as well as developed countries, can offer significant revenue generation opportunities.

Key Take aways from Market Study

The global pulmonary fibrosis treatment market is expected to rise at a healthy CAGR over more than 6% through 2031.

Increasing focus on effective treatment in the U.S is lending high Y-o-Y growth to the market in the country.

Germany and France are expected to exhibit increasing demand to tackle concerns pertaining to rising incidence of IPF.

Overall, the global market is set to expand 2X over the next ten years.
Monotherapy to account for over 70% market share by 2031.

Get To Touch in our Expert @ https://www.persistencemarketresearch.com/ask-an-expert/30070

"Rising prevalence of idiopathic pulmonary fibrosis and importance of early diagnosis are creating growth opportunities for market players in the long term," says a Persistence Market Research analyst.

Collaborations and Product Approval - Imperative Strategy for Market Players

Leading market players are strengthening their market position through collaborations with various other organizations.Global leading companies are focusing on research activities and approvals for increased market penetration.

Roche, in March 2020, received Breakthrough Therapy Designation (BTD) from the U.S FDA for Esbriet (pirfenidone), for use in adults with unclassifiable interstitial lung disease (uILD).
In June 2019, Boehringer Ingelheim entered into a collaboration andlicense agreement with Bridge Biotherapeutics Inc. (South Korea), with the aim to fast-track the development of Bridge's autotaxin inhibitor BBT-877 for treatment against fibrosing interstitial lung diseases, including idiopathic pulmonary fibrosis, a rare lung disease.
In October 2020, Cipla introduced the generic version Nintedanib for the treatment of idiopathic pulmonary fibrosis. In India, this drug will be marketed under the brand name Ninitb. Nintedanib will be available in two formulations of 100 mg and 150 mg.

Buy Full Report Now and Get Up to 20% Discount @ https://www.persistencemarketresearch.com/checkout/30070

Contact us:

Persistence Market Research
Address - 305 Broadway, 7th Floor, New York City,
NY 10007 United States
U.S. Ph. - +1-646-568-7751
USA-Canada Toll-free - +1 800-961-0353
Sales - sales@persistencemarketresearch.com

About us:

Persistence Market Research is here to provide companies a one-stop solution with regards to bettering customer experience. It does engage in gathering appropriate feedback after getting through personalized customer interactions for adding value to customers' experience by acting as the "missing" link between "customer relationships" and "business outcomes'. The best possible returns are assured therein.

This release was published on openPR.