Idiopathic Pulmonary Fibrosis Treatment Market Trends

  • Report ID: 6636
  • Published Date: Nov 04, 2024
  • Report Format: PDF, PPT

Idiopathic Pulmonary Fibrosis Treatment Market Trends

Growth Drivers

  • Increasing focus on R&D in novel therapeutic options: Companies in the idiopathic pulmonary fibrosis treatment market are investing significantly in developing innovative drugs, including antifibrotic therapies and biologics, to address the complexities. This commitment to R&D is further fueled by government funding, allowing more targeted and effective treatment options. The rise in clinical trials exploring new drug candidates and combinations is also indicative of positive outcomes as firms aim to expand their treatment portfolios. For instance, as per a report by NLM, published in March 2022, a clinical trial was conducted based on Inhaled pirfenidone solution (AP01) for IPF, showcasing progress in the field.
  • Strategic partnerships driving market expansion: Distribution rights agreements among key companies are a notable growth driver in the IPF treatment market. These partnerships allow firms to share resources and navigate complex markets more efficiently. For instance, in May 2024, Ferrer announced the expansion of its existing distribution agreement with United Therapeutics Corporation, to reinforce its focus on pulmonary vascular and interstitial lung diseases. The two companies have signed an agreement for the distribution rights for two new potential indications of the molecule, IPF and PPF.

Challenges

  • High treatment cost: The high cost associated with existing IPF therapies can be prohibitively high, limiting access for patients, especially in regions with less robust healthcare infrastructure. Current antifibrotic therapies such as nintedanib and pirfenidone can exceed thousands of dollars per month, placing a heavy financial burden on patients and healthcare systems alike. This, thus creates a further challenge for the companies participating in the idiopathic pulmonary fibrosis treatment market growth.
  • Setbacks in clinical trial findings: These have significantly impacted the development of IPF therapies, disappointing stakeholders, including researchers and patients seeking new treatment options. The unpredictability of clinical outcomes complicates the landscape of drug developers further. In June 2023, FibroGen, Inc. announced topline outcomes from its Phase 3 ZEPHYRUS-1 trial evaluating the safety and efficacy of pamrevlumab in patients with IPF. The treatment revealed serious adverse effects in 28.2% of patients in the group. Hence, the Phase 3 clinical trial was discontinued immediately.

Idiopathic Pulmonary Fibrosis Treatment Market: Key Insights

Base Year

2024

Forecast Year

2025-2037

CAGR

7.1%

Base Year Market Size (2024)

USD 3.5 billion

Forecast Year Market Size (2037)

USD 7.9 billion

Regional Scope

  • North America (U.S., and Canada)
  • Asia Pacific (Japan, China, India, Indonesia, Malaysia, Australia, South Korea, Rest of Asia Pacific)
  • Europe (UK, Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Latin America (Mexico, Argentina, Brazil, Rest of Latin America)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
Get more information on this report: Request Free Sample PDF

Browse Key Market Insights with Data Illustration:


Author Credits:  Radhika Pawar


  • Report ID: 6636
  • Published Date: Nov 04, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

In the year 2024, the industry size of the idiopathic pulmonary fibrosis treatment market was over USD 3.5 billion.

The market size for the idiopathic pulmonary fibrosis treatment market is projected to reach USD 7.9 billion by the end of 2037 expanding at a CAGR of 7.1% during the forecast period i.e., between 2025-2037.

The major players in the market are Cipla Inc., FibroGen, Inc., Galapagos NV, Liminal BioSciences Inc., and others.

In terms of end use segment, the hospitals & clinic segment is anticipated to garner the largest market share by 2037 and display lucrative growth opportunities during 2025-2037.

The market in North America is projected to hold the largest market share of 48.1% by the end of 2037 and provide more business opportunities in the future.
Inquiry Before Buying Request Free Sample
logo
  GET A FREE SAMPLE

FREE Sample Copy includes market overview, growth trends, statistical charts & tables, forecast estimates, and much more.

 Request Free Sample Copy

Have questions before ordering this report?

Inquiry Before Buying
Inquiry Before Buying Request Free Sample