About Interstitial Lung Disease Treatment
Interstitial lung disease refers to a group of disorders that result in the progressive scarring of tissues of the lungs. The cause of this type of lung disease is ascribed to exposure to various hazardous materials, such as coal dust, asbestos or it could be triggered by auto-immune diseases like rheumatoid arthritis. Shortness of breath after exertion or at rest and persistent dry cough are some of the symptoms of interstitial lung disease. Interstitial lung disease treatment is dependent on the underlying cause, however, steroids are often used in treating the disease. Increasing awareness about interstitial lung disease and available treatment options are expected to fuel the growth of the global interstitial lung disease treatment market over the forecast period.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Cleveland Clinic (United States), Barnes-Jewish Hospital (United States), Brigham and Women's Hospital (United States), Massachusetts General Hospital (United States), Johns Hopkins Hospital (United States), Stanford Health Care (United States), UCSF Medical Center (United States) and Genentech, Inc. (United States) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Interstitial Lung Disease Treatment market by and Region.
On the basis of geography, the market of Interstitial Lung Disease Treatment has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Treatment, the sub-segment i.e. Antifibrotics will boost the Interstitial Lung Disease Treatment market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End User, the sub-segment i.e. Hospitals will boost the Interstitial Lung Disease Treatment market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing Prevalence of the Diseases to Shoot Up Demand for its Treatment
Market Growth Drivers:
Increase in Geriatric Population and Surge in Cigarette Smoking Population and Growing in Incidence of Lung Disorders, which in turn Increases the Risk for Interstitial Lung Disease
Challenges:
Various Side Effects like High Blood Pressure, Salt and Fluid Retention
Restraints:
High-Cost Associated with Interstitial Lung Disease Treatment
Opportunities:
Nature and Rarity of the Interstitial Lung Disease makes it Difficult to Treat, this creates an Opportunity for Market
Market Leaders and their expansionary development strategies
Om 2nd March 2020, Genentech has announced that the U.S. Food and Drug Administration (FDA) has granted Breakthrough Therapy Designation to Esbriet (pirfenidone) for adults with unclassifiable interstitial lung disease (child). The designation was granted based on data from a Phase II trial, which studied the efficacy and safety of Esbriet in uILD.
In March 2020, The U.S. Food and Drug Administration has approved Ofev (nintedanib) oral capsules to treat chronic fibrosing (scarring) interstitial lung diseases. FDA has approved to treat patients who are suffering with interstitial lung diseases (ILD) with a progressive phenotype (trait). It is the first FDA-approved treatment for this group of fibrosing lung diseases that worsen over time.
Key Target Audience
Interstitial Lung Disease Treatment Providers, Research Organizations and Consulting Companies, Potential Technology Investors, Regulatory & Government Bodies, End Users and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.