Report ID: SQMIG35H2223
Report ID:
SQMIG35H2223 |
Region:
Global |
Published Date: October, 2024
Pages:
157
|
Tables:
61 |
Figures:
75
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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Report ID: SQMIG35H2223