Idiopathic Pulmonary Fibrosis Market to See Stunning Growth with FibroGen, Roche, Novartis

The Global Idiopathic Pulmonary Fibrosis Market study with 132+ market data Tables, Pie charts & Figures is now released by HTF MI. The research assessment of the Market is designed to analyse futuristic trends, growth factors, industry opinions, and industry-validated market facts to forecast till 2030. The market Study is segmented by key a region that is accelerating the marketization. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. Some of the players studied are Boehringer Ingelheim (Germany), Roche (Switzerland), Genentech (United States), Gilead Sciences (United States), Bristol-Myers Squibb (United States), Nippon Shinyaku (Japan), FibroGen (United States), Pliant Therapeutics (United States), RedHill Biopharma (Israel), Merck & Co., Inc (United States), Galapagos NV (Belgium), Novartis AG (Switzerland).

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According to HTF Market Intelligence, the global Idiopathic Pulmonary Fibrosis market is valued at USD 3.1 Billion in 2023 and is estimated to reach a revenue of USD 6.5 Billion by 2030, with a CAGR of 9.3% from 2023 to 2030.

Definition:
Idiopathic Pulmonary Fibrosis (IPF) is a chronic, progressive, and often fatal lung disease characterized by the scarring (fibrosis) of lung tissue. The term "idiopathic" means that the cause of the disease is unknown. The disease leads to thickening and stiffening of the lung tissue, which impairs the ability of the lungs to transfer oxygen into the bloodstream. As a result, individuals with IPF experience difficulty breathing and often develop a persistent dry cough, fatigue, and other symptoms of respiratory distress. Over time, the lung tissue becomes progressively scarred, reducing lung function and leading to respiratory failure. IPF primarily affects adults aged 50 years or older, and it tends to worsen over time, often leading to severe impairment of daily activities and, eventually, death.

Market Trends:
Stem cell therapies, Biologics, Personalized medicine

Market Drivers:
Rising prevalence of IPF, advancements in medical research, increasing healthcare expenditure

Market Challenges:
High treatment costs, Limited treatment options, Difficulty in early diagnosis

Fastest-Growing Region:
Asia-Pacific, Latin America

Dominating Region:
North America, Europe, APAC

Market Leaders & Development Strategies
In May 2024, Ferrer expanded its distribution agreement with United Therapeutics to obtain worldwide rights for treprostinil inhalation solution, targeting potential indications for Idiopathic and Progressive Pulmonary Fibrosis. In May 2022, Sandoz launched generic pirfenidone, an AB-rated (fully substitutable) equivalent to Genentech's Esbriet, to treat patients with idiopathic pulmonary fibrosis (IPF) in the United States.

Global Idiopathic Pulmonary Fibrosis Market Competitive Analysis

Know your current market situation! Not just new products but ongoing products are also essential to analyse due to ever-changing market dynamics. The study allows marketers to understand consumer trends and segment analysis where they can face a rapid market share drop. Figure out who really the competition is in the marketplace, get to know market share analysis, market position, % Market Share, and segmented revenue.

Players Included in Research Coverage: Boehringer Ingelheim (Germany), Roche (Switzerland), Genentech (United States), Gilead Sciences (United States), Bristol-Myers Squibb (United States), Nippon Shinyaku (Japan), FibroGen (United States), Pliant Therapeutics (United States), RedHill Biopharma (Israel), Merck & Co., Inc (United States), Galapagos NV (Belgium), Novartis AG (Switzerland)

Additionally, Past Global Idiopathic Pulmonary Fibrosis Market data breakdown, Market Entropy to understand development activity and Patent Analysis*, Competitors Swot Analysis, Product Specifications, and Peer Group Analysis including financial metrics are covered.

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Segmentation and Targeting
Essential demographic, geographic, psychographic, and behavioural information about business segments in the Idiopathic Pulmonary Fibrosis market is targeted to aid in determining the features the company should encompass in order to fit into the business's requirements. For the Consumer-based market - the study is also classified with Market Maker information in order to understand better who the clients are, their buying behaviour, and patterns.

Idiopathic Pulmonary Fibrosis Product Types In-Depth: Pharmacological Treatment, Supportive Therapies

Idiopathic Pulmonary Fibrosis Major Applications/End users: Oral, Injectable, Others

Idiopathic Pulmonary Fibrosis Major Geographical First Level Segmentation:
• APAC (Japan, China, South Korea, Australia, India, and the Rest of APAC; the Rest of APAC is further segmented into Malaysia, Singapore, Indonesia, Thailand, New Zealand, Vietnam, and Sri Lanka)
• Europe (Germany, UK, France, Spain, Italy, Russia, Rest of Europe; Rest of Europe is further segmented into Belgium, Denmark, Austria, Norway, Sweden, The Netherlands, Poland, Czech Republic, Slovakia, Hungary, and Romania)
• North America (U.S., Canada, and Mexico)
• South America (Brazil, Chile, Argentina, Rest of South America)
• MEA (Saudi Arabia, UAE, South Africa)

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Research Objectives:
- Focuses on the key manufacturers, to define, pronounce and examine the value, sales volume, market share, market competition landscape, SWOT analysis, and development plans in the next few years.
- To share comprehensive information about the key factors influencing the growth of the market (opportunities, drivers, growth potential, industry-specific challenges and risks).
- To analyse the with respect to individual future prospects, growth trends and their involvement to the total market.
- To analyse reasonable developments such as agreements, expansions new product launches, and acquisitions in the market.
- To deliberately profile the key players and systematically examine their growth strategies.

FIVE FORCES & PESTLE ANALYSIS:
In order to better understand market conditions five forces analysis is conducted that includes the Bargaining power of buyers, Bargaining power of suppliers, Threat of new entrants, Threat of substitutes, and Threat of rivalry.
• Political (Political policy and stability as well as trade, fiscal, and taxation policies)
• Economical (Interest rates, employment or unemployment rates, raw material costs, and foreign exchange rates)
• Social (Changing family demographics, education levels, cultural trends, attitude changes, and changes in lifestyles)
• Technological (Changes in digital or mobile technology, automation, research, and development)
• Legal (Employment legislation, consumer law, health, and safety, international as well as trade regulation and restrictions)
• Environmental (Climate, recycling procedures, carbon footprint, waste disposal, and sustainability)

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