Pulmonary Fibrosis Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2025
Pulmonary fibrosis belongs to the family of interstitial diseases that can lead to damage of the lungs. As the lung tissue becomes stiff and thickened, it interferes with a person’s ability to breathe.The report pulmonary fibrosis market studies in detail the various factors influencing the global market trajectory.
The scarring of lung tissues is associated with a multitude of factors. However, in most cases, the cause of the problem can’t be determined. This state is termed as idiopathic pulmonary fibrosis. While the damage caused to lungs by pulmonary fibrosis is irreparable, medication and therapies can help reduce the intensity of symptoms and improve quality of life to some extent. A lung transplant may be the best treatment option for acute cases of pulmonary fibrosis.
Pulmonary fibrosis can develop quickly or slowly. In some cases, the disease stays the same without improvement or deterioration. Generally, pulmonary fibrosis leads to worsening of breathing eventually leading to short of breath even at rest.
While there is no known cause for pulmonary fibrosis, some of the factors associated with the risk of development of the condition include cigarette smoking, exposure to environmental pollutants, use of certain medicines, certain viral infections, genetics, and gastroesophageal reflux disease.
The course of treatment for pulmonary fibrosis include chest X-ray, breathing tests to determine the damage to lungs, blood tests to check oxygen levels in bloodstream, high resolution chest CT scan, lung biopsy if high resolution chest CT scan is unable to diagnose, and exercise testing to find the working of lungs for moving oxygen and carbon dioxide in and out of the bloodstream.
Pulmonary fibrosis is a condition identified by the scarring or damage of lung tissues, making breathing difficult in patients suffering from the condition. There are various causes that may lead to pulmonary fibrosis. The most common causes are airborne toxins, radiation treatments, and medical conditions. Pulmonary fibrosis can also result from certain medications.
In addition to analyzing the growth drivers and major restraints, the report identifies the opportunities prevalent worldwide. The information compiled in the report is obtained from trusted industrial sources and through proven research methodologies to help companies providing pulmonary fibrosis medication or diagnostic tools determine winning business strategies.
In order to provide a comprehensive overview detailed market segmentation is carried out. For the purpose of the study, the global pulmonary fibrosis market is thus classified under segments based on diagnosis, treatments, and regions. Based on diagnosis, imaging tests, lung function tests, and tissue sample tests constitute the key market segments. In terms of treatment, the global pulmonary fibrosis market can be segmented into drug medication, oxygen therapy, pulmonary rehabilitation, and lung transplant, which is often considered as the last resort for patients of severe pulmonary fibrosis.
Regionally, the global pulmonary fibrosis market is segmented into Asia Pacific, North America, Europe, and Rest of the World. Among these regions, the market is currently witnessing the highest prospects in North America, as this region has an increasing patient pool suffering from pulmonary fibrosis. Furthermore, the increasing demand for sophisticated testing tools and major government support towards the development of novel treatment and diagnostic techniques for pulmonary fibrosis are helping the market in North America gain pace.
Besides this, the market is also witnessing lucrative opportunities in the U.K. According to the Center for Respiratory Research, over 5,000 new cases of pulmonary fibrosis is recorded every year in the U.K. In Asia Pacific as well the market is slowly gaining pace as an outcome of the rising incidence of pulmonary fibrosis in the region. Apart from the region’s large pool of patients, the increasing awareness about the diseases and its various diagnostic solutions, the improving healthcare infrastructure, and the rising incidence of lung disorders will ensure that demand from the Asia Pacific pulmonary fibrosis market remains high through the forecast period.
To study the prevailing vendor landscape, the report profiles companies such as Airstrip technologies Inc., AT&T Inc., Symantec Corporation, Cerner Corporation, Alcatel-lucent, Apple Inc., Qualcom, Inc., SoftServe Inc, Koninklijke Philips N.V., Diversinet Corp., and Vodafone Group Plc. It also conducts SWOT analysis on the companies profiled to identify their key strengths and weaknesses. The analysis is also intended to provide insight into the opportunities and threats that these companies are forecast to witness over the course of the report’s forecast period.
The report therefore compiles exhaustive information aimed at providing a 360 degree overview of the global pulmonary fibrosis market. Information thus includes is aimed at helping stakeholders gain clearer perspective of the prevailing market dynamics and refined outlook.
The study presents a granular assessment and quantitative evaluation of:
The region-wise assessment includes market dynamics in:
The study is prepared with the help of an extensive primary and secondary research. Primary research includes but not limited to interactions, interviews, surveys, and events. Opinions of policy makers and industry experts are carefully integrated into the insights to complement primary research. Volumes of secondary data gleaned through renowned paid sources, annual statements, reputed journals, and government documents offer insights into current dynamics and key evolution trajectories the market is likely to assume. The research employs various industry-wide analytics methods and well-established methodologies to ascertain the attractiveness of key segments. Further, it evaluates the lucrativeness of key regions and factors underlying their maturity. The insights notably include a detailed analysis of forces behind vendor differentiation and offers insight into investment-decision making by prominent players.
The report strives to enlighten businesses and industry stakeholders on multiple facets of the growth dynamic of the market, the key of which include answers to:
Note: Utmost care has invariably been taken to present data and arrive at statistics at all the TMR Research reports. Meanwhile, some recent developments and new industry trends may take time to be included in the reports.
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