The North America Idiopathic Pulmonary Fibrosis Market would witness market growth of 5.6% CAGR during the forecast period (2021-2027).
Idiopathic pulmonary fibrosis is a sort of chronic scarring lung disease that causes a steady reduction in lung function that's irreversible. In addition, shortness of breath and a persistent dry, hacking cough are the most prevalent indications and symptoms of idiopathic pulmonary fibrosis. Moreover, many people who are impacted also observe a decrease in appetite and weight loss over time. Due to a lack of oxygen, some persons with idiopathic pulmonary fibrosis acquire enlarged and rounded tips of the fingers and toes (clubbing).
While it's difficult to define who develops IPF, some studies showcase that more male women are diagnosed with the disease than females. Age is also a determining factor in IPF. In a vast number of researches, older age has been identified as a prevalent diagnostic factor for IPF.
According to the Centers for Disease Control and Prevention, more than 14% (34.1 million) of adults in the United States smoked tobacco in 2019. As per the American IPF Foundation, the incidence of idiopathic pulmonary fibrosis (IPF) has doubled in the last ten years. In the United States, an estimated 50,000 people die from IPF each year, which is higher than breast cancer.
Moreover, the Centers for Disease Control and Prevention recently discovered a statistically significant cluster of IPF patients diagnosed at a Virginia medical centre. Because of the increased frequency of the condition, as well as the rising geriatric population and smoking habits, the United States is a prominent country of the regional market. In the United States, idiopathic pulmonary fibrosis treatment costs $100,000 per year, according to data published in the American Journal of Managed Care (AJMC) in 2014.
The US market dominated the North America Idiopathic Pulmonary Fibrosis Market by Country 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $1,269.5 million by 2027. The Canada market is poised to grow at a CAGR of 8% during (2021 - 2027). Additionally, The Mexico market would display a CAGR of 7% during (2021 - 2027).
Based on Drug Type, the market is segmented into Pirfenidone and Nintedanib. Based on Distribution Channel, the market is segmented into Retail Pharmacies, Hospital Pharmacies, and Online Providers. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Idiopathic Pulmonary Fibrosis Market is Estimated to reach $4.7 Billion by 2027, at a CAGR of 6.9%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include GNI Group Ltd., Shionogi & Co., Ltd., Mission Therapeutics Ltd., Galapagos NV, FibroGen, Inc., AstraZeneca PLC, F. Hoffmann-La Roche Ltd., Bristol Myers Squibb Company, Boehringer Ingelheim International GmbH, and Biogen, Inc.
By Drug Type
By Distribution Channel
By Country
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