About Idiopathic Pulmonary Fibrosis
Idiopathic pulmonary fibrosis (IPF) is a type of lung disease that results in scarring (fibrosis) of the lungs over time results in reduced oxygen intake for an unknown reason. The symptoms of idiopathic pulmonary fibrosis are non-specific but most patients present with a gradual onset (often >6 mo) of exertional dyspnea and/or nonproductive cough. It is estimated that currently, more than 80,000 adults in the United States have IPF, and more than 30,000 new cases are diagnosed each year. Idiopathic pulmonary fibrosis affects each person differently and the disease progresses at varying rates.
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 expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions across the globe to gain a competitive advantage through combined collaborations. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Idiopathic Pulmonary Fibrosis market throughout the forecasted 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.
MediciNova, Inc. (United States), C.H. Boehringer Sohn AG & Ko. KG (Germany), Roche Holding AG (Switzerland), Merck & Co., Inc. (United States), Baxter International (United States), Prometheus Laboratories Inc. (United States), Afferent Pharmaceuticals, Inc. (United States), Biogen Inc. (United States), Cipla Limited (India) and Bristol-Myers Squibb (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Amgen Inc. (United States) and FibroGen (United States).
Segmentation Overview
AMA Research has segmented the market of Global Idiopathic Pulmonary Fibrosis market by , Application (Hospital, Clinic and Others) and Region.
On the basis of geography, the market of Idiopathic Pulmonary Fibrosis 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 Drugs, the sub-segment i.e. Systemic corticosteroids will boost the Idiopathic Pulmonary Fibrosis market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Diagnosis, the sub-segment i.e. Chest Imaging Studies will boost the Idiopathic Pulmonary Fibrosis market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Surge in the Cigarette-Smoking Population and Advancements in IPF Diagnostic and Treatment Methods
Market Growth Drivers:
Increased Prevalence of Idiopathic Pulmonary Fibrosis in Adults and Rise in the Number of Diagnostic Centres in Developing Countries
Challenges:
Stringent Government Rules and Regulations
Restraints:
Lack of Complete Cure Treatment for Idiopathic Pulmonary Fibrosis and Lack of Healthcare Infrastructure in Under Developed Countries
Opportunities:
Increasing Geriatric Population Worldwide and Growth in the Healthcare Sector Around the Globe
Market Leaders and their expansionary development strategies
In October 2023, Aileron Therapeutics, Inc. has acquired Lung Therapeutics, Inc. a privately held biopharmaceutical company focused on developing novel therapies for the treatment of orphan pulmonary and fibrosis indications that have no approved or limited effective treatments. Aileron intends to use the proceeds from the private placement primarily to complete the ongoing Phase 1b clinical study of LTI-03, a Caveolin-1-related peptide in development for the treatment of IPF, and for general corporate purposes.
In March 2023, Boehringer Ingelheim, a leading research-driven biopharmaceutical company, has launched of its antifibrotic medication for the treatment of Idiopathic Pulmonary Fibrosis (IPF) in Algeria. Nintedanib is the only treatment for IPF approved by the Ministry of Health of Algeria that can slow progression of lung function decline and comes as a much-needed relief for IPF patients across the country2,3,4,5,6,7.
Key Target Audience
Idiopathic Pulmonary Fibrosis Drug Manufacturers, Raw Material Suppliers, Distributors, Emerging Companies, Research Professionals and End-users
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.