Press release
Idiopathic Pulmonary Fibrosis Management Market Top Companies Study- 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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Idiopathic Pulmonary Fibrosis Management refers to the treatment and management of a lung disease characterized by lung tissue stiffening, thickening, and damage. The increasing prevalence of lung-related issues among middle-aged men is expected to drive the adoption of idiopathic pulmonary fibrosis (IPF) management solutions in the coming years. Technological advancements and the availability of innovative treatment options are anticipated to further support the growth of the global IPF management market.
Additionally, rapid progress in research and drug development, along with increasing urbanization and higher disposable incomes, is expected to create significant revenue opportunities for market participants. Substantial investments by leading industry players and ongoing advancements in the development of various end-use products have opened new avenues for manufacturers and suppliers in the IPF management sector. Moreover, supportive government initiatives aimed at promoting the use of IPF management solutions in response to the rising incidence of lung diseases are likely to contribute to the market's expansion.
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:
The increasing demand for effective treatments and the availability of various diagnostic solutions are key factors expected to drive the growth of the idiopathic pulmonary fibrosis (IPF) management market. The rising adoption of IPF management solutions for treating lung diseases is anticipated to contribute significantly to the global market's revenue growth. Furthermore, the growing demand for innovative and technologically advanced IPF management solutions within the healthcare sector is likely to support market expansion in the coming years.
Challenges:
A significant challenge facing the market is the lack of awareness and limited access to effective treatments in developing regions, which may restrain market growth. Additionally, the high cost associated with IPF treatments is expected to hinder market expansion in the near future. The COVID-19 pandemic has further exacerbated challenges by increasing the number of lung disease cases and causing widespread disruptions in global supply chains. These disruptions have resulted in substantial economic losses for key industry participants, as distributors, suppliers, and retailers face difficulties in managing their inventory, while manufacturers are forced to halt production due to operational constraints.
Regional Trends:
The North American IPF management market is anticipated to hold a leading market share in terms of revenue and is projected to grow at a significant compound annual growth rate (CAGR) over the forecast period. This growth is driven by the increasing prevalence of lung diseases, well-established healthcare infrastructure, and rising research and development activities by key industry players. Similarly, the European market holds a substantial share, supported by a developed economy and the increasing adoption of advanced treatment solutions. The presence of leading market players and growing strategic collaborations among major companies to strengthen market penetration are expected to create significant growth opportunities in the global IPF 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
About Us:
InsightAce Analytic is a market research and consulting firm that enables clients to make strategic decisions. Our qualitative and quantitative market intelligence solutions inform the need for market and competitive intelligence to expand businesses. We help clients gain competitive advantage by identifying untapped markets, exploring new and competing technologies, segmenting potential markets and repositioning products. Our expertise is in providing syndicated and custom market intelligence reports with an in-depth analysis with key market insights in a timely and cost-effective manner.
Contact us:
InsightAce Analytic Pvt. Ltd.
Visit: www.insightaceanalytic.com
Tel : +1 551 226 6109
Asia: +91 79 72967118
info@insightaceanalytic.com
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