The main market players' increased focus on research and development initiatives in the idiopathic pulmonary fibrosis market is anticipated to fuel market expansion. Additionally, growing developing methods like research and development activities and others in the markets, together with the implementation of cutting-edge technologies like artificial intelligence platforms, can generate favourable chances for the growth of the idiopathic pulmonary fibrosis market.
The market for Idiopathic Pulmonary Fibrosis Treatment is anticipated to reach US$ 3,853.6 million in 2022 and grow at a CAGR of 8.7% from that year through 2030.Global Idiopathic Pulmonary Fibrosis Market Analysts' Opinions:
1. Genentech, Inc: Established in 1976. United States headquarters.
1. Pharmaceutical product producer with an emphasis on the oncology and immunology sectors of medicine. The business provides pharmaceuticals with uses in the domains of virology, metabolism, and ophthalmology, allowing its patients to receive life-saving treatments and lead healthier lives. Jecure Therapeutics (Nov 2018), Seragon Pharmaceuticals (Jul 2014), and Tanox (Nov 2006) are the most recent acquisitions.
2. Boehringer Ingelheim International GmbH: Ingelheim am Rhein, Germany-based Boehringer Ingelheim Venture Fund is a venture capital firm that was established in 2010. The seeks prefers to invest in businesses involved in immuno-oncology, regenerative medicine, digital health, and other technologies. With the acquisition of NBE-Therapeutics for EUR 1.18 billion, Boehringer Ingelheim significantly improved its cancer pipeline portfolio by adding novel antibody-drug conjugates.
3. Avalyn Pharma, Inc.: Established in 2011. United States headquarters. Creator of cutting-edge medicines for the treatment of severe respiratory illnesses including idiopathic pulmonary fibrosis. In order to improve the quantity of medicine that reaches the lungs and lessen side effects, the company is working to produce an inhaled formulation of pirfenidone. This will allow medical providers to lower the dangers associated with oral therapies while also potentially increasing efficacy. The biopharmaceutical business Avalyn Pharma Inc., which focuses on developing better treatments for lung disorders that are life-threatening, today announced the conclusion of a $35.5 million Series B fundraising.
4. AstraZeneca: AstraZeneca was created in 1999 through the union of the Swedish company Astra with the British company Zeneca Group. The company sells branded medications in a number of important therapeutic categories, including those for gastrointestinal, diabetic, cardiovascular, respiratory, cancer, immunology, and rare disorders. Nearly one-third of its sales originate from the United States, which is one of the largest foreign markets. CinCor Pharma will be acquired by AstraZeneca to bolster its cardiorenal pipeline.
5. Blade Therapeutics: United States headquarters. Creator of cutting-edge anti-fibrotic treatments intended to transform the management of fibrotic disease. The company's medicines target several fibrotic disorders and their underlying pathophysiology in an effort to potentially restore tissue damage caused by fibrosis and cure patients of the condition without any side effects. Blade Pharmaceuticals' CEO and CFO appear to be leaving during a "transition" after the SPAC was rejected.
6. Cipla Inc.: Established in 1935. Headquarter location: Mumbai, India (Maharashtra). Cipla Ltd. is a pharmaceutical product manufacturer with a focus on a range of medications. The company's product line includes complicated generics in addition to medications for the CNS, urology, cardiology, anti-infective, respiratory, anti-retroviral, and anti-infective markets. Despite having a substantial global footprint, the majority of its sales are produced in India. Cipla's growth strategy prioritises the introduction of new products. Endura (July 2022), Avenue Therapeutics (Nov 2018), and Mirren (July 2018) are the most recent acquisitions.
7. F. Hoffmann-La Roche: Tasmar's rights to production, marketing, and distribution in the United States and a few other non-European Union areas. Parkinson's illness is managed with the medication tasmar. Roche plans to purchase the TIB Molbiol Group, with a closing anticipated for the fourth quarter of 2021
*Definition: Idiopathic pulmonary fibrosis (IPF) is a serious chronic (long term) disease that affects the tissue surrounding the air sacs, or alveoli, in the lungs.
