The 7 major Idiopathic Pulmonary Fibrosis (IPF) markets reached a value of US$ 3,586.4 Million in 2023. Looking forward, IMARC Group expects the 7MM to reach US$ 6,906.1 Million by 2034, exhibiting a growth rate (CAGR) of 6.1% during 2024-2034.
Report Attribute
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Key Statistics
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Base Year |
2023
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Forecast Years | 2024-2034 |
Historical Years |
2018-2023
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Market Size in 2023
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US$ 3,586.4 Million
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Market Forecast in 2034
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US$ 6,906.1 Million
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Market Growth Rate (2024-2034)
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6.1%
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Idiopathic Pulmonary Fibrosis (IPF) market is currently driven by factors such as a rising geriatric population, cigarette smoking, a strong drug pipeline that have a good efficacy and safety profile and improving diagnosis and drug treatment rates. Idiopathic Pulmonary Fibrosis represents the most common of the idiopathic interstitial pneumonias and is characterized by a chronic, progressive, fibrotic interstitial lung disease having an unknown cause. This disease rarely occurs before the age of 50 years and primarily affects older adults (60+). With the geriatric population expected to increase considerably over the long term, we expect the incidence of Idiopathic Pulmonary Fibrosis to increase significantly over the next few years.
In patients with IPF, the tiny air sacs in the lungs (alveoli) get damaged and increasingly scarred. This results in the lungs becoming stiff that makes it hard for oxygen to get into the blood. The causes of IPF are unknown, but various risk factors have been identified, this includes older age, cigarette smoking, environmental exposures, certain infections, etc. Cigarette smoking, particularly involving more than 20 pack-years, represents the most strongly associated environmental risk factor. Furthermore, heightened risk for IPF has been associated with various environmental exposures (metal dusts, automobile emissions, and wood dust). Occupations such as agriculture and managing livestock have also been associated with IPF. There is a high unmet need for novel therapies to treat IPF as conventional drugs has limited efficacy or an unfavorable safety profile.
IMARC Group’s new report "Idiopathic Pulmonary Fibrosis Market: Epidemiology, Industry Trends, Share, Size, Growth, Opportunity, and Forecast" provides an exhaustive analysis of the Idiopathic Pulmonary Fibrosis market in the United States, EU5 (Germany, Spain, Italy, France, and United Kingdom) and Japan. The report provides an in-depth understanding of the current and future landscape of the Idiopathic Pulmonary Fibrosis market. This includes treatment practices, in-market, and pipeline drugs, the share of individual therapies, market performance across the seven major markets, market performance of key companies and their drugs, etc. The report also provides the current and future patient pool for Idiopathic Pulmonary Fibrosis across the seven major markets. According to the report, among the seven major markets, the United States has the largest patient pool for Idiopathic Pulmonary Fibrosis and represents the largest market for Idiopathic Pulmonary Fibrosis treatment. Furthermore, the current Idiopathic Pulmonary Fibrosis treatment practice/algorithm, market drivers, challenges, opportunities, reimbursement scenario, unmet medical needs, etc. have also been provided in the report. This report is a must-read for manufacturers, investors, business strategists, researchers, consultants, and all those who have any kind of stake or are planning to foray into the Idiopathic Pulmonary Fibrosis market in any manner.
Time Period of the Study
Countries Covered
Analysis Covered Across Each Country
This report also provides a detailed analysis of the current Idiopathic Pulmonary Fibrosis marketed drugs and late-stage pipeline drugs.
In-Market Drugs
Late-Stage Pipeline Drugs
Market Insights
Epidemiology Insights
Current Treatment Scenario, Marketed Drugs, and Emerging Therapies