Increase in incidences of cancer worldwide, favorable reimbursement policies provided by manufacturers & insurance providers, and rise in cigarette smoking drive the growth of the global idiopathic pulmonary fibrosis market. However, the unavailability of the proper treatment options restrains the market growth. On the other hand, rise in number of pipeline drugs and untapped potential in developing countries present new opportunities in the coming years.
According to the report published by Allied Market Research, Global Idiopathic Pulmonary Fibrosis Market Size Was Valued at USD 3.12 billion in 2020 and is Projected to Garner USD 6.16 billion by 2030, witnessing a CAGR of 7.0% from 2021 to 2030.
The report offers a detailed analysis of changing market trends, top segments, key investment pockets, value chain, regional landscape, and competitive scenario. The report is a helpful source of information for leading market players, new entrants, investors, and stakeholders in devising strategies for the future and taking steps to strengthen their position in the market
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Idiopathic Pulmonary Fibrosis Companies: –
• AstraZeneca Plc
• Biogen Inc.
• Boehringer Ingelheim
• F. Hoffmann-La Roche
• FibroGen, Inc.
• Mission Therapeutics
• GNI Group Ltd.
• Galapagos NV
• Biogen
• Bristol-Myers Squibb Company
• Shiongi Co. Ltd.
Global Idiopathic Pulmonary Fibrosis Market Segmentation –
By Drug Type
• Pirfenidone
• Nintedanib
By Distribution Channel
• Hospital Pharmacies
• Retail Pharmacies
• Online Providers
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Based on region, North America contributed to the highest market share in 2020, holding more than two-fifths of the global idiopathic pulmonary fibrosis market, and is projected to continue its lead in terms of revenue by 2030. This is attributed to high expenditure on R&D activities, presence of major players & their product availability, and the well-established healthcare infrastructure in the region.
However, Asia-Pacific is expected to manifest the fastest CAGR of 8.9% during the forecast period, owing to improvement in R&D facilities and rapidly developing economic conditions.
By Region Outlook
North America
⦁ U.S.
⦁ Canada
⦁ Mexico
Europe
⦁ UK
⦁ Germany
⦁ France
⦁ Italy
⦁ Russia
⦁ Rest of Europe
Asia-Pacific
⦁ China
⦁ Japan
⦁ India
⦁ Australia
⦁ Rest of Asia-Pacific
LAMEA
⦁ Brazil
⦁ UAE
⦁ Turkey
⦁ Saudi Arabia
⦁ Rest of LAMEA
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