Technavio’s report predicts the Idiopathic Pulmonary Fibrosis Market will grow by USD 1.47 billion at a 6.78% CAGR between 2023 and 2028. The market is primarily driven by the increasing prevalence of respiratory diseases, a growing elderly population, and rising smoking rates. As respiratory diseases become more prevalent, the demand for treatments such as bronchiectasis drugs has risen. Additionally, the expanding elderly demographic, prone to respiratory diseases due to weakened immune systems, is driving demand for specialized healthcare. Smoking continues to significantly contribute to respiratory health issues, necessitating ongoing innovation in medical treatments and public health efforts. Together, these factors emphasize the need for investment in respiratory healthcare solutions and policies to manage global respiratory health challenges.

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