The Global Idiopathic Pulmonary Fibrosis Treatment Market is expected to register a CAGR of 12.3% during the forecast period of 2019 to 2025, with a market value of USD 2,237 million in 2018.
Market Synopsis
Idiopathic Pulmonary Fibrosis Treatment is a life-threatening condition of the lungs in which tissues becomes thickened, stiff, and scarred over a long period. The IPF treatment market is driven by various factors such as growing demand for minimally invasive procedures to diagnose and treat different chronic diseases, increasing geriatric population, along with the rising prevalence rates of IPF and other fibrotic diseases. However, the high cost of surgery and the unavailability of proper treatment options are expected to curb the growth of the IPF treatment market.
Additionally, rising prevalence rates of lung diseases coupled with increasing geriatric population is anticipated to fuel the market growth. For instance, according to the Office for National Statistics in 2017, approximately 18% and 2.4% of the total UK population was aged over 65 years and 85 years, respectively. On the other hand, the high cost of surgery is projected to hamper the growth of the market during the assessment period.
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“Idiopathic Pulmonary Fibrosis (IPF) Treatment Market” Research report provide valuable insight with following companies, which includes –
- Boehringer Ingelheim GMBH
- Biogen
- Novartis AG
- Medicinova Inc.
- Bristol-Myers Squibb Company
- Galapagos NV
- Hoffmann-La Roche AG
- Fibrogen Inc.
- Cipla
- Merck & Co. Inc.
- Prometic Life Sciences Inc. and others.
Segmentation
The global IPF treatment market has been segmented based on treatment.
The market, based on treatment, has been further divided into drug class, oxygen therapy, lung transplant, and others. The drug class segment is likely to hold a major share in the market due to the increasing adoption of the drugs for the treatment of IPF and wider preferability. The oxygen therapy segment is predicted to be the fastest growing due to the increasing inclination of medical professionals towards this therapy for the treatment of IPF.
IPF is a lung disease which causes the tissue in your lungs to become stiff. The global IPF treatment market is driven by factors such as increasing cases of IPF and growing demand for minimally invasive procedures to diagnose and treat different chronic diseases. For instance, FibroGen, Inc. announced that the grant of Fast Track designation by US Food and Drug Administration (FDA) for the company’s anti-CTGF antibody, Pamrevlumab, for the treatment of patients with IPF.
Intended Audience
- Research and development (r&d) companies
- Medical device companies
- Government research institutes
- Academic institutes and universities
- Venture capitalists
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Global Idiopathic Pulmonary Fibrosis Treatment Market, by Region:
The market has been divided, by region, into the Americas, Europe, Asia-Pacific, and the Middle East & Africa.
The IPF treatment market in the Americas has further been branched into North America and Latin America, with the North American market divided into the US and Canada.
The European IPF treatment market has been sub-divided Western Europe and Eastern Europe. Western Europe has further been classified as Germany, France, UK, Italy, Spain, and the rest of Western Europe.
The IPF treatment market in Asia-Pacific has been segmented into Japan, China, India, South Korea, Australia, and the rest of Asia-Pacific.
The IPF treatment market in the Middle East & Africa has been divided into the Middle East and Africa.
Global IPF Treatment Market, by Region
- Americas
- North America
- US
- Canada
- Latin America
- North America
- Europe
- Western Europe
- Germany
- France
- Italy
- Spain
- UK
- Rest of Western Europe
- Eastern Europe
- Western Europe
- Asia-Pacific
- Japan
- China
- India
- Australia
- South Korea
- Rest of Asia-Pacific
- Middle East & Africa
- Middle East
- Africa
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