The global idiopathic
pulmonary fibrosis therapeutics market is expected to
witness significant growth due to current unmet medical need of pulmonary fibrosis,
scarcity of the permanent treatment of the disease, increasing incidence among population
across the globe, and high demand for safe and effective medication. The
regulatory bodies are supporting the idiopathic pulmonary fibrosis market by providing
designations and grants for speeding up the drug development process. In March 2015, Lebrikizumab, a Genentech’s
humanized monoclonal antibody drug, received Orphan Drug Designation by U.S. Food
and Drug Administration (FDA) for the treatment of idiopathic pulmonary
fibrosis.
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The pipeline of idiopathic
pulmonary fibrosis is rich, with more than 50 drugs. The pharmaceutical
companies are actively involved in the research and development of drug for
idiopathic pulmonary fibrosis. Asahi Kasei Pharma Corporation has
Thrombomodulin Alfa drug in its Phase III clinical trial for idiopathic
pulmonary fibrosis. The drug is already marketed in Japan, under the name of
Recomodulin for the treatment of disseminated intravascular coagulation.
Geographically,
North America is expected to be the largest market for idiopathic pulmonary
fibrosis owing to the large number of research and development activities, high healthcare
expenditure, and high incidence of the disease. The U.S. contributed largest revenue to the
North American idiopathic pulmonary fibrosis market and it is expected to
remain the largest market globally, during the forecast period.
Some of the key players operating in the
global idiopathic pulmonary fibrosis market are F. Hoffmann-La Roche AG, Boehringer
Ingelheim GmbH, Merck & Co., Inc., Promedior,
Inc., Sanofi, ProMetic
Life Sciences Inc., Kadmon Holdings, Inc., MediciNova, Inc., GlaxoSmithKline
plc, Biogen Inc., and Celgene Corporation.
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