Press release
Global Idiopathic Pulmonary Fibrosis Market: Growth Trajectory and Emerging Trends for 2024-2029
The global idiopathic pulmonary fibrosis market is projected to witness significant growth over the next few years:
• Market size in 2024: $4.15 billion
• Market size in 2025: $4.39 billion (CAGR of 5.6%)
• Projected market size in 2029: $5.74 billion (CAGR of 7.0%)
This growth can be attributed to factors such as rising disease prevalence, improvements in healthcare infrastructure, and advancements in biomarkers development and diagnostic techniques.
What is Driving the Growth in the Idiopathic Pulmonary Fibrosis Market?
The rise in the prevalence of fibrotic disease is expected to drive the growth of the idiopathic pulmonary fibrosis market going forward. These medical conditions involve an excessive formation and accumulation of fibrous connective tissue in various organs or tissues in the body. Idiopathic pulmonary fibrosis drugs help reduce lung fibrosis and inflammation by targeting multiple signaling pathways involved in fibrosis. For example, according to the American Lung Association, there were approximately 207,000 people affected in the United States and around 58,000 new cases of idiopathic pulmonary fibrosis diagnosed annually. This disease is more common in men than women and mainly affects individuals over 50 years of age.
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Who Are the Key Players Driving Idiopathic Pulmonary Fibrosis Market Growth?
The key industry players driving the growth of the idiopathic pulmonary fibrosis market include:
• F. Hoffmann-La Roche Ltd.
• Merck & Co. Inc.
• Novartis AG
• Bristol-Myers Squibb Company
• AstraZeneca PLC
• Sanofi S.A.
• Gilead Sciences Inc.
• Toray Industries Inc.
• Boehringer Ingelheim International GmbH
• Viatris Inc.
• Sun Pharmaceutical Industries Limited
• Shionogi and Co. Ltd.
• Cipla Inc.
• Zydus Lifesciences Ltd.
• Chong Kun Dang Pharmaceutical Corp.
• Kyorin Pharmaceutical Co. Ltd.
• Galapagos NV
• Veracyte Inc.
• Genentech Inc.
• FibroGen Inc.
• GNI Group Ltd.
• Pliant Therapeutics Inc.
• Pulmatrix Inc.
• Galimedix Therapeutics Inc.
• Avalyn Pharma Inc.
• MediciNova Inc.
• Liminal BioSciences Inc.
• Beijing Continent Pharmaceuticals Company
• Galecto Inc.
What Are The Key Trends In The Idiopathic Pulmonary Fibrosis Market?
Significant trends in the idiopathic pulmonary fibrosis market include:
• Advancements in diagnostic techniques
• Emergence of targeted therapies
• Implementation of telemedicine and remote monitoring
• Development and use of combination therapies
• Advancements in lung transplantation
What Are The Segments Of The Global Idiopathic Pulmonary Fibrosis Market?
The global idiopathic pulmonary fibrosis market is segmented into:
1) By Drug Type: Nintedanib, Pirfenidone, Other Drug Types
2) By Mode Of Action: Antifibrotic Agents, Tyrosine Kinase Inhibitors, Other Modes Of Action
3) By Route Of Administration: Oral, Parenteral
4) By Distribution Channel: Hospital Pharmacies, Retail Pharmacies, Online Providers
5) By End Users: Hospitals And Clinics, Other End Users
Which Region Leads the Idiopathic Pulmonary Fibrosis Market?
In 2024, North America was the largest market for idiopathic pulmonary fibrosis. The Asia Pacific region is expected to register the fastest growth during the forecast period. The market study covers several regions including Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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What Is Covered In The Idiopathic Pulmonary Fibrosis Market Global Market Report?
- Market Size Analysis: Analyze the Idiopathic Pulmonary Fibrosis Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Idiopathic Pulmonary Fibrosis Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Idiopathic Pulmonary Fibrosis Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Idiopathic Pulmonary Fibrosis Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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