The global progressive pulmonary fibrosis (PPF) treatments market is anticipated to reach US$3.72 million in 2023 and is projected to grow at a steady compound annual growth rate (CAGR) of 7.5% from 2023 to 2033. This growth is driven by several promising advancements in the field.
PPF is a debilitating lung disease characterized by scarring of the lung tissue. There is currently no cure for PPF, but new treatment options are emerging that offer hope for patients.
Deep learning-based machine learning applications open up new opportunities for the use of deep learning and radio mics to image analysis as the field of image processing and analysis develops. Developing optimized algorithms in conjunction with relevant illness outcome predictors is essential, as is validating radiological biomarkers against those predictors.
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Antifibrotic medications, such as pirfenidone or nintedanib, have been shown in randomized clinical trials to decrease the advancement of progressive ILD linked to IPF or progressive non-IPF ILD. In its current form, the clinical management of this patient subgroup is entering a new era that presents the ideal chance to investigate as-yet-undiscovered areas within the sector.
Key Takeaways:
- The global PPF treatment market is expected to reach US$3.72 million in 2023 and grow at a CAGR of 7.5% from 2023 to 2033.
- Promising new therapies, including repurposed cancer drugs, are emerging for the treatment of IPF.
- Increased R&D activity by key players is expected to fuel market growth in the future.
Market Competition:
Strategic partnerships can boost revenue and market share for manufacturers by increasing production and meeting consumer demand. End users will benefit from the use of new products and technologies by promoting them. Strategic partnerships can be formed by companies in order to increase their production capacity.
- Boehringer Ingelheim published Phase II information on BI 10015550, a new investigational PDE4B inhibitor. It was published in The New England Journal of Medicine (NEJM). An ATS Breaking News session on May 16 in San Francisco will also present promising 12-week results demonstrating a reduction in lung function decline in IPF patients. Globally acclaimed for its pulmonary fibrosis solutions, the company aspires to one day develop a cure for the debilitating chronic disease.
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Key Companies Profiled:
- Boehringer Ingelheim
- Bristol-Myers Squibb
- FibroGen
- Hoffmann-La Roche Ltd
- Pliant Therapeutics, Inc.
- United Therapeutics Corporation
- Galapagos
- Novartis AG
- Prometic Life Sciences Inc.
- Merck & Co., Inc.
Key Segments Profiled in the Progressive Pulmonary Fibrosis (PPF) Treatment Market Industry Survey?
By Treatment Type:
- MAPK Inhibitor
- Tyrosine Inhibitor
- Autotaxin Inhibitors
By Distribution Channel:
- Hospital Pharmacies
- Online Pharmacies
- Retail Pharmacies
By Treatment:
- Self-Care
- Medicines
- Pirfenidone
- Nintedanib
- Others
- Lung Transplant
- Palliative Care
By Region:
- North America
- Latin America
- Europe
- South Asia
- East Asia
- Oceania
- Middle East & Africa
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