Global Pirfenidone Market Outlook
Revenue, 2024
Forecast, 2034
CAGR, 2024 - 2034
Pirfenidone serves as a medication by effectively controlling and suppressing the generation of growth factors and cytokines that trigger fibrosis development in the body. This unique capability has positioned Pirfenidone as a component in treating various fibrotic conditions like idiopathic pulmonary fibrosis. Moreover recent developments in healthcare practices like personalized treatment approaches and improvements in techniques have notably increased the need for Pirfenidone, in medical practices.
Market Key Insights
- The Pirfenidone market is projected to grow from $955.9 million in 2024 to $1.85 billion in 2034. This represents a CAGR of 6.8%, reflecting rising demand across Idiopathic Pulmonary Fibrosis Treatment, Anti-fibrotic Therapy and Nephropathy Treatment.
- Roche Holding AG, Shionogi & Co. Ltd., Cipla Ltd. are among the leading players in this market, shaping its competitive landscape.
- U.S. and China are the top markets within the Pirfenidone market and are expected to observe the growth CAGR of 4.4% to 6.5% between 2024 and 2030.
- Emerging markets including Brazil, South Korea and Mexico are expected to observe highest growth with CAGR ranging between 7.8% to 9.4%.
- Transition like Pirfenidone and Evolving Medical Prescription Patterns is expected to add $126.9 million to the Pirfenidone market growth by 2030
- The Pirfenidone market is set to add $890 million between 2024 and 2034, with manufacturer targeting Kidney Diseases & Nervous System Disorders Application projected to gain a larger market share.
- With The increasing prevalence of idiopathic pulmonary fibrosis , and Technological advancements in drug delivery systems, Pirfenidone market to expand 93% between 2024 and 2034.
Opportunities in the Pirfenidone
In the realm of biotechnology progressions lie the possibilities of creating modes of delivering Pirfenidone that can enhance its effectiveness while reducing adverse reactions significantly.
Growth Opportunities in North America and Europe
North America Outlook
Europe Outlook
Market Dynamics and Supply Chain
Driver: The Increasing Prevalence of Idiopathic Pulmonary Fibrosis, and Strong Clinical Pipeline and Research Efforts
The advancement of drug delivery methods has also significantly contributed to the growth of the Pirfenidone market. The development of drug delivery techniques aims to increase the absorption of drugs in the body while also enhancing their therapeutic benefits and minimizing adverse reactions. In light of Pirfenidones significance in treating IPF advancements in technology, within this field are also anticipated to enhance patient results and adherence levels—ultimately propelling market expansion.
Restraint: High Pricing Structure
Opportunity: Strategic Collaborations Fostering Growth and Exploiting Untapped Therapeutic Sectors
Pirfenidone has been identified as a treatment for pulmonary fibrosis and is known to have anti inflammatory and antioxidant effects as well. This makes it suitable for use in addressing inflammatory and fibrotic conditions beyond its primary indication. The unexplored potential in this area presents promising avenues, for the growth of pirfenidone.
Challenge: Stringent Regulatory Hurdle
Supply Chain Landscape
Biogenic Stimulants Inc
Alpha Aesar
Roche
Cipla
Nichi-Iko Pharmaceutical Co Ltd
Shandong New Time Pharmaceutical
Sun Pharmaceutical Industries
Zhejiang Hisun Pharmaceutical
Biogenic Stimulants Inc
Alpha Aesar
Roche
Cipla
Nichi-Iko Pharmaceutical Co Ltd
Shandong New Time Pharmaceutical
Sun Pharmaceutical Industries
Zhejiang Hisun Pharmaceutical
Applications of Pirfenidone in Idiopathic Pulmonary Fibrosis Treatment, Anti-fibrotic Therapy & Nephropathy Treatment
Recent Developments
Pfizer unveiled a marked improvement in the production process for Pirfenidone, sharply increasing overall output while simultaneously reducing costs.