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Idiopathic Pulmonary Fibrosis Treatment Market

Idiopathic Pulmonary Fibrosis Treatment Market<br>

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Idiopathic Pulmonary Fibrosis Treatment Market

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  1. Coherent Market Insights Market Research and Business Consulting Services https://www.coherentmarketinsights.com/ COVID-19 Impact Tracker

  2. PULMONARY FIBROSIS TREATMENT MARKET ANALYSIS • Idiopathic Pulmonary Fibrosis Treatment Market, by Drug Type (Pirfenidone and Nintedanib), by Formulation (Tablets and Soft Capsules), by Distribution Channel (Hospital Pharmacy, Retail Pharmacy, and Online Pharmacy), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) - Size, Share, Outlook, and Opportunity Analysis, 2018 – 2026

  3. Idiopathic pulmonary fibrosis (IPF) is a chronic lung disease distinguished by progressive and irreversible reduction in lung function characterized by thickening and damaging of the walls of the air sacs (called alveoli). Common symptoms include, dry cough, gradual onset of shortness of breath, nail clubbing, and fatigue. Other symptoms are weight loss and muscle and joint pain. Further complications include, hypertension, heart failure, pulmonary embolism or pneumonia. • Major factors causing damage to the lungs include, acid reflux from stomach, certain viruses such as Epstein Barr virus and herpes virus or environmental factors such as breathing in dust such as silica dust, asbestos fibers, hard metal dust, and coal dust. Treatments for idiopathic pulmonary fibrosis (IPF) include, oxygen therapy, pulmonary rehabilitation, symptom management, and lung transplant. Prescribed antifibrotic drugs include, Pirfenidone and Nintedanib.

  4. Global Idiopathic Pulmonary Fibrosis Treatment Market: Drivers • The idiopathic pulmonary fibrosis treatment market size is expected to witness significant growth, owing to increasing geriatric population. According to National Institute of Health’s (NIH), 2015 report, the symptoms of IPF starts occurring at the age of 50 to 70 in the U.S. Moreover, increasing prevalence of idiopathic pulmonary fibrosis is also expected to boost the market growth. According to NIH 2015 estimates, the prevalence of idiopathic pulmonary fibrosis is 13-20 per 100,000 people worldwide. • Smoking is believed to be another cause of idiopathic pulmonary fibrosis. According to the Centers for Disease Control and Prevention (CDC), around 1 billion smokers were recorded worldwide in 2017. The global idiopathic pulmonary fibrosis treatment market revenue is expected to witness significant growth, owing to availability of antifibrotic drugs IPF such as Pirfenidone (Esbriet) and Nintedanib (Ofev). According to annual reports of F. Hoffmann-La Roche AG, worldwide sales of Esbriet in 2016 was US$ 753 million.

  5. Global Idiopathic Pulmonary Fibrosis Treatment Market: Restraints • Lack of awareness and availability of proper treatment is expected to hinder the idiopathic pulmonary fibrosis market growth. According to National Center for Biotechnology Information (NCBI) 2017 report, 54% patients do not receive any antifibrotic treatment in Europe. • Moreover, misdiagnosis of IPF is also expected to hinder the idiopathic pulmonary fibrosis treatment market size. For instance, according to Multidisciplinary Respiratory Medicines (MRM), in 2012, around 50% of IPF cases were misdiagnosed for other lung diseases in the U.S. High cost associated with the treatment of idiopathic pulmonary fibrosis is also expected to hinder the market growth. For instance, as per the data published in American Journal of Managed Care (AJMC) in 2014, idiopathic pulmonary fibrosis treatment requires US$ 100,000 annually, in the U.S. • Global Idiopathic Pulmonary Fibrosis Treatment Market: Regional Analysis • North America held dominant position in the idiopathic pulmonary fibrosis market in 2017, owing to rising incidence of idiopathic pulmonary fibrosis. According to NIH, 2015, around 100,000 people suffer from IPF and 30,000 to 40,000 new patients are diagnosed with the disease, annually in the U.S. Moreover, increasing approval of new drugs is also expected to boost the idiopathic pulmonary fibrosis treatment market growth in the region. For instance, in 2015, Prometic Life Sciences Inc. received the first orphan drug approval for PBI- 4050 from the U.S. Food and Drug Administration (FDA). Similarly, in 2017, Plasminogen (Ryplazim) was approved as an orphan drug by the U.S. FDA. • In 2017, Europe accounted for the second largest region in the idiopathic pulmonary fibrosis treatment market, owing to increasing prevalence of IPF in the region. For instance, in 2015, The European Pulmonary Fibrosis Patient Charter recorded around 80,000 to 111,000 people that were suffering from IPF and 30,000 to 35,000 patients are diagnosed with the disease, annually in Europe. Asia Pacific idiopathic pulmonary fibrosis market is expected to witness significant growth over the forecast period, owing to increasing number of people addicted to smoking in the region. For instance, in 2017, According to World Bank Data, over 30% of smokers worldwide were recorded in Asia Pacific. • Global Idiopathic Pulmonary Fibrosis Treatment Market: Competitive Landscape • Major players operating in the global idiopathic pulmonary fibrosis treatment market include, Biogen, BoehringerIngelheim, Bristol-Myers Squibb Company, Cipla, F. Hoffmann-La Roche, FibroGen, Inc., Galapagos NV, MediciNova, Inc., Merck & Co., Inc., Promedior, Inc., and Prometic Life Sciences Inc.

  6. Global Idiopathic Pulmonary Fibrosis Treatment Market: Taxonomy • The global idiopathic pulmonary fibrosis market is segmented on the basis of drug type, formulation, distribution channel, and region. • By Drug Type • Pirfenidone • Nintedanib • By Formulation • Tablets • Soft Capsules • By Distribution Channel • Hospital Pharmacy • Retail Pharmacy • Online Pharmacy • By Region • North America • Latin America • Europe • Asia Pacific • Middle East • Africa

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