GCC Idiopathic Pulmonary Fibrosis Treatment Market to Grow at 9.99% During 2024-2032, Impelled by Rising Prevalence of IPF Among Individuals

April 12, 2023 | Healthcare

According to the latest report by IMARC Group, titled "GCC Idiopathic Pulmonary Fibrosis Treatment Market Report by Drug Class (MAPK Inhibitors, Tyrosine Inhibitors, Autotaxin Inhibitors), End User (Hospitals, Long-term Care Facilities, and Others), and Country 2024-2032," the GCC idiopathic pulmonary fibrosis treatment market size is expected to grow at a CAGR of 9.99% during 2024-2032. Idiopathic pulmonary fibrosis (IPF) is a type of lung disease that causes the formation of scar tissue in the lungs. It is a progressive and incurable disease, but there are numerous treatments available that can help with the symptoms and slow the progression of the disease. A combination of drug therapy, physical therapy, and lifestyle modifications is employed to manage the disease. Medications are the mainstay of IPF treatment and include medications, such as pirfenidone (Esbriet) and nintedanib (Ofev). These medications are specifically created to slow the progression of the disease and improve symptoms. Oxygen therapy is also commonly prescribed to help improve oxygen levels in the blood and reduce fatigue. Besides this, pulmonary rehabilitation is a type of exercise program designed to help strengthen the lungs and improve overall function and lung transplantation may be an option for some patients with advanced IPF. 

GCC Idiopathic Pulmonary Fibrosis Treatment Market Trends:

The escalating prevalence of idiopathic pulmonary fibrosis (IPF) among the masses majorly drives the GCC market. This can be supported by the growing geriatric population, changes in lifestyle, and increasing air pollution levels. Coupled with this, the rising awareness regarding the potential treatments available for idiopathic pulmonary fibrosis (IPF) is driving the market. With the rising healthcare expenditures with easy access to therapies and treatments for IPF, are also significantly supporting the demand for IPF treatments. Since early diagnostics result in improved outcomes and timely detection of the disease, this is impacting the market. In addition, the development of medications that target the underlying cause of the condition, as well as new methods of delivering treatments, is impacting the market favorably. Apart from this, several clinical trials for IPF treatments are being conducted across the globe, which is significantly supporting the demand for treatments across the region. Moreover, the rising number of international collaborations between research centers and pharmaceutical companies to develop new treatments for IPF is creating a positive outlook. Some of the other factors driving the market include continual improvements in healthcare infrastructure and the emergence of telemedicine across geographically extended locations. 

Market Summary:

  • On the basis of the drug class, the market has been segmented into MAPK, tyrosine, and autotaxin inhibitors.
  • Based on the distribution channel, the market has been segregated into hospitals, long-term care facilities, and others.
  • On the basis of the country, the market has been divided into Saudi Arabia, UAE, Qatar, Oman, Kuwait, and Bahrain.
  • The market competitive landscape has been studied in the report with the detailed profiles of the key players operating in the market.

Report Scope:

Report Features Details
Base Year of the Analysis 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Units US$ Million
Segment Coverage Drug Class, End User, Country
Counties Covered Saudi Arabia, UAE, Qatar, Oman, Kuwait, Bahrain
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 3699
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GCC Idiopathic Pulmonary Fibrosis Treatment Market to Grow at 9.99% During 2024-2032, Impelled by Rising Prevalence of IPF Among Individuals
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