According to FutureWise analysis the market for interstitial lung disease in 2023 is US$ 1.6 billion, and is expected to reach US$ 2.69 billion by 2031 at a CAGR of 6.72%.
The interstitial lung disease (ILD) is another term for pulmonary fibrosis, which is defined as "scarring" and "inflammation" of the interstitium (the tissue that surrounds the lung's air sacs, blood vessels, and airways). Scarring makes the lung tissue stiff, making it difficult to breathe. ILD can occur only in the lungs, or it can occur in conjunction with a condition affecting other parts of the body, such as rheumatoid arthritis or sarcoidosis. Interstitial lung disease refers to a group of diseases that lead to the progressive scarring of lung tissue. This type of lung disease is caused by exposure to hazardous materials such as coal dust and asbestos, or it may be triggered by auto-immune diseases such as rheumatoid arthritis. Once the lungs become scarred, it is usually irreversible. Interstitial lung disease is characterized by shortness of breath after exertion or at rest, as well as persistent dry coughing. The treatment of the disease depends on the underlying cause, but steroids are often used.
FutureWise Market Research has instantiated a report that provides an intricate analysis of Interstitial Lung Disease Market trends that shall affect the overall market growth. Furthermore, it includes detailed information on the graph of profitability, SWOT analysis, market share and regional proliferation of this business. Moreover, the report offers insights on the current stature of prominent market players in the competitive landscape analysis of this market.
According to the research study conducted by FutureWise research analysts, the Interstitial Lung Disease Market is anticipated to attain substantial growth by the end of the forecast period. The report explains that this business is predicted to register a noteworthy growth rate over the forecast period. This report provides crucial information pertaining to the total valuation that is presently held by this industry and it also lists the segmentation of the market along with the growth opportunities present across this business vertical.