Idiopathic Pulmonary Fibrosis Management Market Key Players Analysis - Avalyn Pharma, Inc., F. Hoffmann-La Roche Ltd, Boehringer Ingelheim International GmbH, Bristol-Myers Squibb Company, Medicinova, Inc.

InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the " Idiopathic Pulmonary Fibrosis Management Market - (By Drug Class (Pirfenidone, Nintedanib, Interferon Gammato1b), By Treatment (Oxygen Therapy, Lung Transplant), By Route of Administration (Oral, Injectable), By Distribution Channel (Hospital Pharmacies, Retail Pharmacies, Others)), Trends, Industry Competition Analysis, Revenue and Forecast To 2031."

According to the latest research by InsightAce Analytic, the Idiopathic Pulmonary Fibrosis Management Market is valued at US$ 3,113.5 Mn in 2023, and it is expected to reach US$ 3,429.6 Mn by 2031, with a CAGR of 1.28% during the forecast period of 2024-2031.

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The term Idiopathic Pulmonary Fibrosis Management is referred to as lung disease in which the lungs stiff, thicken, and damage the lung tissues. Due to rising lung issues in middle-aged men, the adoption of Idiopathic Pulmonary Fibrosis Management is expected to increase in the coming years. The technological advancement and availability of advanced treatments are among the other factors expected to boost the development of the global Idiopathic Pulmonary Fibrosis Management market. Moreover, the rapid advancement in research and drug innovations, coupled with growing urbanization and high disposable income, are factors likely to create potential revenue opportunities for players operating in the global Idiopathic Pulmonary Fibrosis Management market. High investments by major players, as well as new advancements for the development of various end-use products, have created lucrative revenue opportunities for major manufacturers and suppliers of Idiopathic Pulmonary Fibrosis Management. Favourable government initiatives to promote the use of idiopathic pulmonary fibrosis management, owing to the rise of lung disease, are expected to support the growth of the target market.

List of Prominent Players in the Idiopathic Pulmonary Fibrosis Management Market:
• Avalyn Pharma, Inc.,
• F.Hoffmann-La. Roche Ltd
• Boehringer Ingelheim International GmbH
• Bristol-Myers Squibb Company
• Medicinova, Inc.
• Merck & Co., Inc.
• Galapagos NV
• Novartis AG
• Fiberogen, Inc.
• Biogen
• Novartis AG
• Blade Therapeutics
• Neopharm Group
• Galecto Biotech
• Pfizer Inc
• Johnson & Johnson Services, Inc
• AstraZeneca
• Daewoong Pharmaceutical (India) Pvt Ltd,
• Sandoz International GmbH (Novartis)
• Algernon Pharmaceuticals Inc.
• Genentech, Inc.

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Market Dynamics:
Drivers-
Growing demand for effective treatment, availability of several diagnostic treatments, etc., are key factors expected to drive the growth of the target market. Increasing demand for idiopathic pulmonary fibrosis management in the treatment of lung disease is another factor expected to contribute significantly to revenue share in the global idiopathic pulmonary fibrosis management market. Additionally, the rising demand for Idiopathic Pulmonary Fibrosis Management in the healthcare sector due to their properties such as innovations, advanced technology, and others is a factor expected to augment the growth of the global Idiopathic Pulmonary Fibrosis Management market.

Challenges:
The prime challenge is the lack of awareness and ineffective treatment in developing countries, which is predicted to reduce the growth of the Idiopathic Pulmonary Fibrosis Management market. Nevertheless, the Idiopathic Pulmonary Fibrosis Management market is anticipated to experience a decrease in growth due to the high cost of this treatment in the years ahead. The number of cases has been on the rise due to the COVID-19 pandemic, resulting in a global or partial closure to maintain social distancing. Disruptions in global supply chains are causing unprecedented economic losses for key participants in the global Idiopathic Pulmonary Fibrosis Management market, according to a recent update. Distributors, suppliers, and retailers are unable to sell their inventory, and manufacturers are compelled to halt production in order to address the closure.

Regional Trends:
The North American Idiopathic Pulmonary Fibrosis Management market is expected to record a prominent market share in terms of revenue. It is projected to grow at a high CAGR in the near future. Growing cases of lung disease, well-equipped infrastructure, and increasing R&D activities by prominent players are factors likely to proliferate the growth of the Idiopathic Pulmonary Fibrosis Management market in the region. Besides, Europe had a very remarkable share in the market due to its developed economy & growing adoption of the treatment. This is due to the adoption of new strategies and methods by the major players in the Idiopathic Pulmonary Fibrosis Management market. Moreover, the existence of key market players, as well as increasing collaboration among major players for market penetration in the specific region, provides the opportunity for growth of the global Idiopathic Pulmonary Fibrosis Management market.

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Recent Developments:
• In Oct 2024, Novartis has discontinued a phase 2 trial of its SMURF1 inhibitor LTP001 for idiopathic pulmonary fibrosis (IPF) but will proceed with the development of the candidate for a different indication. The Swiss pharmaceutical company ceased patient enrollment in the experiment early this year, despite having reached only half of its target, but continued to monitor the 46 individuals already participating in the study.
• In September 2024, Boehringer Ingelheim released that its FIBRONEER-IPF research on nerandomilast had effectively reached its primary aim and encouraged preparations for a new medication application for the treatment of IPF.

Segmentation of Idiopathic Pulmonary Fibrosis Management Market-
By Drug Class-
• Pirfenidone
• Nintedanib
• Interferon Gammato1b
• Others
Idiopathic Pulmonary Fibrosis Management Market By Treatment-
• Oxygen Therapy
• Lung Transplant
• Others
By Route of Administration-
• Oral
• Injectable
By Distribution Channel-
• Hospital Pharmacies
• Retail Pharmacies
• Others
By Region-
North America-
• The US
• Canada
• Mexico
Europe-
• Germany
• The UK
• France
• Italy
• Spain
• Rest of Europe
Asia-Pacific-
• China
• Japan
• India
• South Korea
• South East Asia
• Rest of Asia Pacific
Latin America-
• Brazil
• Argentina
• Rest of Latin America
Middle East & Africa-
• GCC Countries
• South Africa
• Rest of Middle East and Africa

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This release was published on openPR.