Idiopathic Pulmonary Fibrosis Market Size, Share, Growth Analysis, By Drug Type(Nintedanib, Pirfenidone, Other Drug Types), By Mode of Action(Antifibrotic Agents, Tyrosine Kinase Inhibitors, Other Modes of Action), By End User(Hospitals and Clinics, Pharmacies, Other End Users ), By Region - Industry Forecast 2024-2031

Global Idiopathic Pulmonary Fibrosis Market size was valued at USD 3.50 billion in 2022 and is poised to grow from USD 4.02 billion in 2023 to USD 10.80 billion by 2031, growing at a CAGR of 6.98% during the forecast period (2024-2031).

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.