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Idiopathic Pulmonary Fibrosis Treatment Market Trends

  • Report ID: GMI11108
  • Published Date: Aug 2024
  • Report Format: PDF

Idiopathic Pulmonary Fibrosis Treatment Market Trends

The expansion of the market is significantly driven by the rising incidence and prevalence of the disease. The increasing number of diagnosed IPF cases globally has amplified the demand for effective treatment options, propelling market growth. This trend is further supported by improved diagnostic techniques and heightened awareness among healthcare professionals, leading to earlier and more accurate detection of IPF. Additionally, demographic factors such as the aging population contribute to the growing prevalence of IPF, as the disease predominantly affects individuals over 50 years of age. For instance, according to data from the World Health Organization (WHO), the global population aged 60 and above is expected to double by 2050, thereby increasing the pool of individuals at risk for IPF. This demographic shift, coupled with a growing understanding of the disease, is anticipated to sustain the demand for advanced therapeutic solutions, further driving the growth of the IPF treatment market.
 

Authors: Mariam Faizullabhoy, Gauri Wani

Frequently Asked Questions (FAQ) :

Global idiopathic pulmonary fibrosis treatment industry was valued at USD 3 billion in 2023 and is anticipated to register 6.9% CAGR between 2024 and 2032 due to the advancements in diagnostic techniques.

The hospitals and clinics segment in the market is expected to reach USD 2.7 billion by 2032 due to comprehensive IPF care, including diagnostic services, advanced imaging, and targeted therapies in specialty clinics.

North America market is expected to record 6.8% CAGR through 2032 due to increasing IPF prevalence and strong collaborations driving innovation and treatment availability.

Bumrungrad International Hospital, Cedars-Sinai, Cleveland Clinic, Dr. Sulaiman Al-Habib Medical Group, Nicklaus Children's Hospital, Boehringer Ingelheim International GmbH, and Bristol-Myers Squibb Company, among others.

Idiopathic Pulmonary Fibrosis Treatment Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 15
  • Tables & Figures: 462
  • Countries covered: 23
  • Pages: 268
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