USD 3.54 Billion
Report ID:
SQMIG35H2223 |
Region:
Global |
Published Date: October, 2024
Pages:
157
|Tables:
61
|Figures:
75
Idiopathic Pulmonary Fibrosis Market size was valued at USD 4.02 Billion in 2023 and is poised to grow from USD 4.3 Billion in 2024 to USD 11.55 Billion by 2032, growing at a CAGR of 6.98% during the forecast period (2025-2032).
The increasing number of idiopathic pulmonary fibrosis patients is placing a growing requirement on the medical staff to formulate effective treatment measures. As IPF is disabling in nature, it is necessary to introduce management techniques that enhance the quality of life of the patients. In this regard, there arises an increased demand for novel therapeutic alternatives. This demographic transition has drawn out the need to upscale healthcare services and manage this condition that is increasingly arising and being difficult to deal with. The idiopathic pulmonary fibrosis market growth is significantly driven by attractive reimbursement policies by manufacturers and insurance companies in some countries and the increasing demand for the best drugs in treatment of idiopathic pulmonary fibrosis. The main growth drivers for the idiopathic pulmonary fibrosis market are the growth in the elderly population, the prevalence of fibrotic disease, and the technological advancements in cancer screening and detection. Additionally, the market is growing because of the availability of new treatment options and the increased demand for cheaper drugs. Pharmaceutical companies are investing in further clinical trials and new therapeutic methods to prove their further commitment to satisfying unmet medical needs in this respect. These advancements are said to expand the scope of treatment options by a significant measure, which would further direct the IPF treatment market toward significant growth. Moreover, the market growth will be limited by the insufficient treatment options for the disease.
US Idiopathic Pulmonary Fibrosis Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 3.54 Billion
Largest Segment
Nintedanib
Fastest Growth
Nintedanib
Growth Rate
6.9% CAGR
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Global Idiopathic Pulmonary Fibrosis Market is segmented on the basis Global Idiopathic Pulmonary Fibrosis Market is segmented by Drug Type, Mode of Action, End User and Region. Based on Drug Type, the market is segmented into Nintedanib, Pirfenidone, Other Drug Types. Based on Mode of Action, the market is segmented into Antifibrotic Agents, Tyrosine Kinase Inhibitors, Other Modes of Action. Based on End User, the market is segmented into Hospitals and Clinics, Pharmacies, Other End Users. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
Idiopathic Pulmonary Fibrosis Market Analysis by Drug Class
The pirfenidone segment dominated the market and accounted for 43.0% of the idiopathic pulmonary fibrosis market share in 2024. Regulatory authorities have approved pirfenidone as a standard treatment option due to its unique combination of anti-fibrotic, anti-inflammatory, and antioxidant properties. This multifaceted approach not only addresses the underlying mechanisms of idiopathic pulmonary fibrosis (IPF) but also enhances the quality of life for patients. The drug's proven efficacy in clinical trials, combined with ongoing research and development initiatives, significantly increases its value and attractiveness to healthcare providers and patients alike. As more healthcare professionals recognize the benefits of pirfenidone, its market share is predicted to remain strong, reinforcing its role as a cornerstone in IPF management.
The nintedanib segment is expected to grow at the fastest CAGR of 8.0% over the forecast period. Clinical trials, particularly the INPULSIS studies, have demonstrated that nintedanib significantly reduces the annual decline in forced vital capacity (FVC) by approximately 50% compared to placebo. This impressive outcome is particularly valuable for patients across various stages of the disease, providing hope for improved lung function and overall health. Furthermore, nintedanib boasts a favorable safety profile, with side effects primarily associated with gastrointestinal concerns, making it a compelling option for many patients. As awareness of its benefits grows, the demand for nintedanib is expected to rise, further solidifying its presence in the idiopathic pulmonary fibrosis industry.
Idiopathic Pulmonary Fibrosis Market Analysis by Route of Administration
The Oral segment led the idiopathic pulmonary fibrosis industry with a revenue share of 69.3% in 2024. These two oral drugs, pirfenidone and nintedanib, add greatly to patient compliance since they can be administered via the less invasive route of orally instead of injectables. Their mild administration profile, as well as established efficacy to slow disease progression and preserve lung function, makes both drugs very appealing to patients and providers. Safety profiles also help in mitigating potential concerns of adverse effects, thus opening doors to further adoption. As healthcare providers seek effective treatments that seamlessly complement the daily lives of patients, preference for oral medications is likely to fuel growth in this area of the market.
As per the idiopathic pulmonary fibrosis market analysis, the injectable segment is expected to register a steady growth rate over the forecast period. While oral therapies such as pirfenidone and nintedanib are popular, injectable medications offer distinct advantages for certain patient populations. These treatments are particularly beneficial to the patients who are highly non-adherent to oral drugs or have severe disease progression, allowing a more appropriate scheme that suits them. Emerging research in new injectable preparations and combination therapies is bringing better results with the assistance of overall treatments for IPF patients. Targeted dosing strategies are also being developed to ensure enhanced safety and to reduce the risk of side effects that make IPF manageable. This is because with the advancements that are made, injectable medicines are going to play a very important role and give their precious alternatives in patient care.
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As per the idiopathic pulmonary fibrosis market forecast, North America dominated the market with 37.5% revenues in 2024. Developed healthcare infrastructure, well-equipped hospitals, and specialist IPF diagnostic and management skills facilitate timely and efficient treatment in the region. In addition, access to authorized treatments such as pirfenidone and nintedanib is supplemented by strong R&D with favorable reimbursement policies. The U.S. market captured the largest share of the North America market for the treatment of idiopathic pulmonary fibrosis in 2024. The nation is well-supported by a developed health care system, which permits timely diagnosis and effective decision of the treatment. The fast approval of medicines pirfenidone and nintedanib improved access for patients, while continued research and development activities in the United States continue to foster innovative therapeutic approaches.
Asia-Pacific idiopathic pulmonary fibrosis industry is expected to grow at the highest CAGR of 7.8% during the period of the forecast. High awareness of the illness along with easier access to health care boosts the requirement for effective treatment options. In addition, advancement in diagnostic technology, pharmaceutical innovations, and good infrastructural and healthcare facilities enable the management of chronic diseases such as IPF through collaboration between pharmaceutical companies and research centers. The China idiopathic pulmonary fibrosis market size in 2024 accounted for a significant share in the Asia Pacific market. Improved healthcare access, increasing awareness about IPF, and a need for effective treatment options drive this demand. The continuous research work pushes patient-centric medicines and aids the Chinese government's interest in improving the healthcare infrastructure as well as the increase in insurance coverage of chronic diseases.
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Idiopathic Pulmonary Fibrosis Market Drivers
Increasing Prevalence of IPF
Research and Development Innovations
Idiopathic Pulmonary Fibrosis Restraints
High-Cost of Healthcare
Lack of Awareness and Recognition
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The competitive landscape of the global idiopathic pulmonary fibrosis (IPF) industry is characterized by intensive research and development work on developing new treatment modalities and improving patient outcomes. Pharmaceutical companies are aggressively launching targeted treatments and antifibrotic medicines to fulfill the unmet medical needs of IPF patients. Patient organizations and advocacy groups are also assisting in raising awareness about IPF and its treatment; however, healthcare professionals and research institutions play a critical role in improving patient care and diagnostic approaches.
Idiopathic Pulmonary Fibrosis Market Top Player’s Company Profiles
Idiopathic Pulmonary Fibrosis Market Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
As per SkyQuest analysis, the idiopathic pulmonary fibrosis industry is expected to grow significantly since the incidence rates are rising, and R&D in this area is advancing. Advances in digital health and personalized medicine are reshaping treatment paradigms and providing individualized strategies for improving patient outcomes. These issues need to be overcome to tap the full potential of the market. Stakes can build a more supportive environment for the patient by sensitizing and making easier access to effective treatments. As more people will be expected to be placed on effective treatment the obstacles will have to be crossed by keeping the continuous flow of funds research, technology, and education as the environment changes.
Report Metric | Details |
---|---|
Market size value in 2022 | USD 3.50 billion |
Market size value in 2031 | USD 10.80 billion |
Growth Rate | 6.98% |
Base year | 2023 |
Forecast period | 2024-2031 |
Forecast Unit (Value) | USD Billion |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Customization scope | Free report customization with purchase. Customization includes:-
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Idiopathic Pulmonary Fibrosis Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Idiopathic Pulmonary Fibrosis Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Idiopathic Pulmonary Fibrosis Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Idiopathic Pulmonary Fibrosis Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
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Report ID: SQMIG35H2223
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