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.
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.
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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.
Our Market Research Solution Provides You Answer to Below Mentioned Question:
- Which are the driving factors responsible for the growth of market?
- Which are the roadblock factors of this market?
- What are the new opportunities, by which market will grow in the coming years?
- What are the trends of this market?
- Which are main factors responsible for new product launch?
- How will each segment grow over the forecast period and how much revenue will these segments account for in 2031?
- How big is the global & regional market in terms of revenue, sales, and production?
- Which region is dominating the global market and what are the market shares of each region in the overall market in 2022?
- Which region has more opportunities?
By Region Outlook
• North America
(U.S., Canada, Mexico)
• Europe
(Germany, France, UK, Italy, Spain, Rest of Europe)
• Asia-Pacific
(Japan, China, India, Rest of Asia-Pacific)
• LAMEA
(Brazil, Saudi Arabia, South Africa, Rest of LAMEA)
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