According to the latest report by IMARC Group, titled, “GCC Idiopathic Pulmonary Fibrosis Treatment Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027“, The GCC idiopathic pulmonary fibrosis treatment market is expected to exhibit a CAGR of 11.60% during 2022-2027.
Idiopathic pulmonary fibrosis (IPF) represents an interstitial lung disease that is generally characterized by the formation of scar tissue within the lungs, thereby causing difficulties in breathing and insufficient delivery of oxygen to the body parts. It is diagnosed via chest imaging studies, blood tests, lung biopsies, computer tomography (CT) scans, pulmonary function tests, antibody tests, etc. IPF can be treated by prescribing anti-fibrotic drugs and supportive treatment options, such as oxygen therapy, pulmonary rehabilitation, palliative care, etc.
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Market Trends
The growing prevalence of fibrotic diseases, particularly among the geriatric population, is primarily driving the GCC idiopathic pulmonary fibrosis treatment market. Additionally, the increasing utilization of nicotine-based items, including cigarettes, is further stimulating the market growth. Besides this, numerous technological advancements in the idiopathic pulmonary fibrosis diagnostic techniques that assist in minimizing the risk of acute respiratory deterioration, improving the chances of recovery, providing comfort to patients, enhancing lung functioning, etc., are acting as significant growth-inducing factors. Moreover, the escalating demand for effective IPF preventive management strategies and the launch of various favorable policies by government bodies for the development of existing healthcare systems are also positively influencing the regional market. Apart from this, the rising investments in R&D activities for introducing and commercializing novel medicines are anticipated to fuel the GCC idiopathic pulmonary fibrosis treatment market over the forecasted period.
Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Competitive Landscape:
- The competitive landscape of the industry has also been examined along with the profiles of the key players.
The report has segmented the market based on drug class and end user.
Breakup by Drug Class:
- MAPK Inhibitors
- Tyrosine Inhibitors
- Autotaxin Inhibitors
Breakup by End User:
- Hospitals
- Long-term Care Facilities
- Others
Breakup by Country:
- Saudi Arabia
- UAE
- Qatar
- Oman
- Kuwait
- Bahrain
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