Idiopathic Pulmonary Fibrosis Treatment Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 - 2028

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Idiopathic Pulmonary Fibrosis Treatment Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 - 2028

Status : October, 2019 | Pharmaceutical | PPT format

Report Digest


Global Idiopathic Pulmonary Fibrosis Treatment Market: Overview 

The global idiopathic pulmonary fibrosis (IPF) treatment market has witnessed a steadfast growth over the years, on account of the increasing lung diseases worldwide. Idiopathic pulmonary fibrosis refers to the chronic lung disease, which results in progressive reduction in all lung functions. In this condition, the damaging and thickening of the air sac’s (also known as alveoli) walls is mostly expected. Several common symptoms associated with this idiopathic pulmonary fibrosis include fatigue, nail clubbing, and dry cough, and shortness of breath. Therefore, the effective treatment is necessary in order to reduce the mortality rate due to IPF. This factor is fueling growth in the global idiopathic pulmonary fibrosis treatment market. 

In terms of drug classes, the global idiopathic pulmonary fibrosis treatment market is segmented into tyrosine kinase inhibitors, antifibrotic, and autotoxin inhibitors. Presence of strong drug pipeline positively influences the growth of the segment. The report examines the recent trends in the global idiopathic pulmonary fibrosis treatment market related to the supply, demand, and sales. Moreover, it represents major growth drivers, recent developments, opportunities, and restraints in the market. 

Global Idiopathic Pulmonary Fibrosis Treatment Market: Notable Developments 

Some of the recent developments which help in altering the global idiopathic pulmonary fibrosis treatment market’s dynamics in a positive way include: 

  • FDA has permitted to design the orphan-drug, MN-001 for the treatment of idiopathic pulmonary fibrosis. 
  • MediciNova, the company presents data on MN-001, which is known as tipelukast for the treatment of IPF. 

Some of the most prominent competitors operating in the competitive landscape of global idiopathic pulmonary fibrosis treatment market include –

  • Merck &Co.
  • Cipla
  • Biogen
  • Promedior
  • Biogen

Global Idiopathic Pulmonary Fibrosis Treatment Market: Key Growth Drivers 

A few drivers which positively impact the growth of the global idiopathic pulmonary fibrosis treatment include: 

Rapid Increase in Cigarette Smoking Population Fillips Market 

Idiopathic pulmonary fibrosis is known as an interstitial lung disease, in which the lung tissues are majorly get affected or sometimes damaged. Therefore, IPF reduces the lung’s oxygen delivering capacity. Rising prevalence of several fibrotic diseases pose a high risk factor to develop idiopathic pulmonary fibrosis. Along with this, burgeoning population’s inclination towards smoking cigarettes and commercialization of novel drugs are some of the crucial factors stimulating the growth of the global idiopathic pulmonary fibrosis treatment market. 

The major symptoms noticed in the idiopathic pulmonary fibrosis are muscle and joint pain and rapid weight loss. However, further complications include heart failure, hypertension, and pneumonia or pulmonary embolism. Hence, global need to prevent these conditions is also responsible for propelling expansion in the global idiopathic pulmonary fibrosis treatment market. 

Geriatric Population Suffering from IPF to Foster Market’s Growth 

Several other factors responsible for the severe damage of lung tissues include the attack of certain viruses such as herpes virus and Epstein Barr virus, acid reflux from stomach, and numerous environmental factors such as breathing in the presence of dust such as asbestos fibers, silica dust, coal dust, and metal dust. To avoid such severity of lung diseases, treatments are available for the condition of idiopathic pulmonary fibrosis, which include oxygen therapy, symptom management, pulmonary rehabilitation, and lung transplant. 

Moreover, various prescribed antifibrotic drugs such as Nintedanib and Pirfenidone are widely used in order to treat the condition of IPF. All these factors are providing major impetus to the growth of the global idiopathic pulmonary fibrosis treatment market. Additionally, the global idiopathic pulmonary fibrosis treatment market is growing consistently on account of the burgeoning population suffering from idiopathic pulmonary fibrosis. 

Global Idiopathic Pulmonary Fibrosis Treatment Market: Regional Outlook 

Geographically, North America is dominating the global idiopathic pulmonary fibrosis treatment market as the region has witnessed a sharp increase in the population affected by idiopathic pulmonary fibrosis. Along with this, rising approval of new drugs in order to treat IPF is also responsible for fueling growth in the idiopathic pulmonary fibrosis treatment market in this region. 

The global idiopathic pulmonary fibrosis (IPF) treatment market is segmented: 

Drug Types 

  • Pirfenidone
  • Nintedanib 

Region 

  • North America
    • U.S.
    • Canada
    • Mexico 
  • Europe
    • France
    • Germany
    • UK
    • Italy
    • Spain
    • Rest of Europe 
  • Asia-Pacific
    • Japan
    • China
    • India
    • South Korea
    • Rest of Asia-Pacific 
  • LAMEA
    • Brazil
    • Saudi Arabia
    • South Africa
    • Rest of LAMEA 

The study presents reliable qualitative and quantitative insights into:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand chain of the market
  • Market valuation (revenue and/or volume)
  • Key trends/opportunities/challenges
  • Forces defining present and estimated future state of the competitive landscape
  • Technological developments
  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • Middle East and Africa

The vast market research data included in the study is the result of extensive primary and secondary research activities. Surveys, personal interviews, and inputs from industry experts form the crux of primary research activities and data collected from trade journals, industry databases, and reputable paid sources form the basis of secondary research. The report also includes a detailed qualitative and quantitative analysis of the market, with the help of information collected from market participants operating across key sectors of the market value chain. A separate analysis of macro- and micro-economic aspects, regulations, and trends influencing the overall development of the market is also included in the report.

Highlights of the report:

  • A detailed analysis of key segments of the market
  • Recent developments in the market’s competitive landscape
  • Detailed analysis of market segments up to second or third level of segmentation
  • Historical, current, and projected future valuation of the market in terms of revenue and/or volume
  • Key business strategies adopted by influential market vendors
  • Outline of the regulatory framework surrounding and governing numerous aspects of the market
  • Growth opportunities in emerging and established markets
  • Recommendations to market players to stay ahead of the competition

Note: Immense care has been taken to present data with the highest levels of accuracy in all TMRResearch reports. Nevertheless, recent developments related to market/vendor landscape may take time to reflect in the analysis.

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