Fibrotic Diseases Treatment Market Trends, Share, Industry Size, and Forecast By 2030
A widespread Fibrotic Diseases Treatment report presents intelligent solutions to the multifaceted business challenges and instigates an effortless decision-making process. The research and studies associated with competitor analysis keeps competitive landscape clearly into the focus with which Pharmaceutical industry can choose or advance their own strategies to thrive in the market. Such a great report has been prepared by a team of enthusiastic analysts, skilled researchers and experienced forecasters who work meticulously for the same. Expert solutions combined with potential capabilities prepare this Fibrotic Diseases Treatment market report to be outperforming for the Pharmaceutical industry.
Data Bridge Market Research analyses that the global fibrotic diseases treatment market will grow at a CAGR of 7.0% during the forecast period of 2023 to 2030.
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The term fibrosis describes the development of fibrous connective tissue as a reparative response to injury or damage. Fibrosis may refer to the connective tissue deposition that occurs as part of normal healing or to the excess tissue deposition that occurs as a pathological process. Diseases characterized by uncontrolled, progressive fibrosis include Idiopathic Pulmonary Fibrosis (IPF), Non-Alcoholic Steatohepatitis (NASH), and Systemic Sclerosis (SSc).
Global Fibrotic Diseases Treatment Market Dynamics
Drivers
Rising prevalence of fibrotic diseases
Due to various risk factors such as aging, obesity, high blood pressure (hypertension), or family history of fibrotic disease, patients with fibrotic diseases are rising globally and becoming a significant socio-economic issue. Thus, the rising number of patients with fibrotic diseases increases the demand for treatment, which act as a driver in the fibrotic diseases treatment market.
Increase in the number of people smoking cigarettes
Cigarette smoking is one of the most recognized risk factors for the development of Idiopathic Pulmonary Fibrosis (IPF). Furthermore, recent work suggests that smoking may have a detrimental effect on the survival of patients with IPF. The mechanism by which smoking may contribute to the pathogenesis of IPF is largely unknown. However, accumulating evidence suggests that increased oxidative stress might promote disease progression in IPF patients who are current and former smokers.
Some players in the global fibrotic diseases treatment market are Genentech, Inc., C.H. Boehringer Ingelheim International GmbH, AbbVie Inc., Redx Pharma Plc, Bristol-Myers Squibb Company, BellBrook Labs, Enveda Biosciences, BioMX, Gilead Sciences, Inc., KITHER BIOTECH S.R.L., Verona Pharma plc, Alpine Immune Sciences, Intercept Pharmaceuticals, Inc., Pharmaxis Ltd, Teva Pharmaceutical Industries Ltd., Sandoz International GmbH, Accord Healthcare, and Camber Pharmaceuticals, Inc among others.
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