About Pulmonary Fibrosis Drug
Idiopathic pulmonary fibrosis (IPF) is a long-term lung condition that progressively worsens. The lungs stiffen as a result of scarring on the walls of the alveolar sacs (interstitium), which limits the lungs' capacity to absorb oxygen. This causes shortness of breath, which becomes worse as you exercise less and less. While there is no cure for IPF, medicines can assist with symptoms and reduce the disease's development. Because IPF patients' lung function and symptoms usually worsen with time, treatment is critical. Corticosteroids, azathioprine, and cyclophosphamide are the most often prescribed anti-inflammatory drugs. Colchicine, pirfenidone, and interferon-gamma (IFN-gamma) are all antifibrotic drugs that are becoming more popular.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
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. Analysts at AMA Research estimates that Players from United States will contribute to the maximum growth of Global Pulmonary Fibrosis Drug market throughout the predicted period. 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.
Boehringer Ingelheim (Germany), MediciNova, Inc. (United States), Cipla Limited (India), Biogen (United States), F. Hoffmann-La Roche (Switzerland), Galapagos NV (Belgium), FibroGen, Inc. (United States), Merck KGaA (Germany), Bristol-Myers Squibb Company (United States) and Prometic Life Sciences Inc. (Canada) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Pulmonary Fibrosis Drug market by and Region.
On the basis of geography, the market of Pulmonary Fibrosis Drug 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 Drug, the sub-segment i.e. Pirfenidone will boost the Pulmonary Fibrosis Drug market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Form, the sub-segment i.e. Pills will boost the Pulmonary Fibrosis Drug market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Distribution, the sub-segment i.e. Hospital Dispensaries will boost the Pulmonary Fibrosis Drug market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Leaders and their expansionary development strategies
On 14th October, 2020 - Glenmark Pharma Launched Pulmonary Fibrosis Treatment Drug in India. The New Offering is the Generic Version of Nintedanib (NINDANIB), Followed by Two Clinical Trials to Study the Efficacy and Safety of Nintedanib as a treatment of SARS-COV2 Induced Pulmonary Fibrosis in COVID-19 patients.
Market Drivers
- Prevalence of Pulmonary Fibrosis Cases
- Rising Geriatric Population
Opportunities
- Increasing Demand Across Emerging Regions
Restraints
- Side Effect and Adverse Reactions
- Lack of Trained Professionals
Challenges
- Fierce Competitive Pressure
- High Initial Investment
Key Target Audience
Pulmonary Fibrosis Drug Manufactures, New Entrants and Investors, Pulmonary Fibrosis Drug Distributors and Suppliers, Venture Capitalists, Government Bodies, Corporate Entities, Government and Private Research Organizations 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 the 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 purpose to understand companys positioning regarding 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 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, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.