Artificial Intelligence
Idiopathic Pulmonary Fibrosis Market to Surpass US$ 7,521.2 Million by 2030, Says Coherent Market Insights (CMI)

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Burlingame, May 25, 2023 (GLOBE NEWSWIRE) — According to Coherent Market Insights, global idiopathic pulmonary fibrosis market is estimated to be valued at US$ 3,853.6 million in 2022 and is expected to exhibit a CAGR of 8.7% during the forecast period (2022-2030).
Key Trends and Analysis of the Global Idiopathic Pulmonary Fibrosis Market
Analysts’ Views on Global Idiopathic Pulmonary Fibrosis Market
Increasing research and development activities for developmet of medicine for treatment of patinets suffering from idiopathic pulmonary Fibrosis by the market player is expecetd to foster the market growth over the forecast period. For instance, on March 1, 2023, InSilico Medicine (InSilico) is an artificial intelligence-driven pharma-technology company, announced that ISM-001055 is under development for the treatment of idiopathic pulmonary fibrosis (IPF), kidney fibrosis and skin fibrosis, which is administered through intravenous route, developed by Pharma AI (artificial intelligence) platform.
Key Trends and Analysis of the Global Idiopathic Pulmonary Fibrosis Market:
Increasing prevalence of Idiopathic Pulmonary Fibrosis is expecetd tpo fuel the market growth over the forecast period. For instance, on Februry 4, 2023, according to the report published in the springer nature the annual incidence of IPF (Idiopathic Pulmonary Fibrosis )has been reported to range from 0.9 to 13.0 per 100,000 persons worldwide in 2021.
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Global Idiopathic Pulmonary Fibrosis – Drivers
Increasing research and development activities by the market players for treatment of patinets suffering from idiopathic pulmonary fibrosis
Increasing research and development activities for treatment of patients suffering from idiopathic pulmonary fibrosis is expected to drive the market growth over the forecast period. For instance, in August 2022, Nerre Therapeutics Ltd., a biotechnology company, in collaboration with Pharm-Olam International, a India-based research foundation, initiated a clinical trial to evaluate the effect of two doses of orvepitant(oral) on cough in patients with IPF (idiopathic pulmonary fibrosis). This study is currently in phase 2.
Increasing prevalence of respiratory diseases worldwide
Increasing prevalence of respiratory disease worldwide is expecetd to foster the market growth over the forecast period. For instance, for instance, in June 2021, according to the report published in National Center for Biotechnology Information, reported that approximately 545 million individuals currently live with a chronic respiratory condition in 2020
Idiopathic Pulmonary Fibrosis Market Report Coverage
Report Coverage | Details | |||
Base Year: | 2022 | Market Size in 2022: | US$ 3,853.6 Mn | |
Historical Data for: | 2017 to 2021 | Forecast Period: | 2022 to 2030 | |
Forecast Period 2023 to 2030 CAGR: | 8.7% | 2030 Value Projection: | US$ 7,521.2 Mn | |
Geographies covered: |
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Segments covered: |
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Companies covered: | Genentech, Inc., Boehringer Ingelheim International GmbH, Avalyn Pharma, Inc., AstraZeneca, Blade Therapeutics, Bristol-Myers Squibb Company, Cipla Inc., F. Hoffmann-La Roche, FibroGen, Inc., Galapagos NV, MediciNova, Inc., Merck & Co., Inc., Promedior, Inc., Prometic Life Sciences Inc., Daewoong Pharmaceutical (India) Pvt Ltd, Sandoz International GmbH (Novartis) and Algernon Pharmaceuticals Inc. | |||
Growth Drivers: |
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Restraints & Challenges: |
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Global Idiopathic Pulmonary Fibrosis – Restrain
Side effects associated with the drugs used in the treatment of Idiopathic Pulmonary Fibrosis
Side effects associated with the drugs used in the treatment of Idiopathic Pulmonary Fibrosis is expected to hinder the growth of market over the forecast period. For instance, some of the common side effects associated with Nintedanib (Oral Route) are
- More common
- Dark urine
- diarrhea
- loss of appetite
- nausea
- pain or tenderness in the upper stomach
- pale stools
- severe stomach pain
- vomiting
- yellow eyes or skin
- Less common
- Black, tarry stools
- blood in the urine
- blurred vision
- bruising or purple areas on the skin
- chest pain or discomfort
- coughing up blood
- decreased alertness
- dizziness and others
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Global Idiopathic Pulmonary Fibrosis – Opportunities
Increasing awareness campaign conducted by the market players on Idiopathic Pulmonary Fibrosis
The key market players are focused on conducting awareness campaign for patinets suffering from Idiopathic Pulmonary Fibrosis. For instance, in August 2020, Boehringer Ingelheim International GmbH., a pharmaceutical company conducted an Pulmonary Fibrosis Awareness for people suffering with pulmonary fibrosis during Covid-19, as people effectd with pulmonary fibrosis were more likely to get infected by the covid-19 infection.
Global Idiopathic Pulmonary Fibrosis Market- Key Developments
Among region, North America is expected to hold a dominant postion, owing to increasing product approvals from the U.S. FDA (Food and Drug Administration) by the key market players. For instance, in May 2021, ImmunoMet Therapeutics, a clinical stage biotechnology company, announced that the U.S. Food and Drug Administration (FDA) had granted fast track status to IM156, a treatment candidate for idiopathic pulmonary fibrosis (IPF).
Key Market Takeaways:
Global idiopathic pulmonary fibrosis market is expected to exhibit a CAGR of 8.7% during the forecast period, owing toincreasing research and development activities for the treatment of patients suffering from idiopathic pulmonary fibrosis by key market players. For instance, in September 2020, FibroGen, a biotechnology company, announced the initiation of clinical trial to evaluate the efficacy and safety of 30 milligrams (mg)/kilogram (kg) intravenous (IV) infusions of pamrevlumab in participants with Idiopathic Pulmonary Fibrosis (IPF). This clinical trial is currently in phase 3, and is actively recruiting.
On the basis of Route of administration, oral segment is expected to hold a dominant position, as market players are focusing on research and development activities for treatment of patients suffering from idiopathic pulmonary fibrosis. For instance, in July 2022, PureTech, a biotechnology company, announced the initiation of the clinical trial to evaluate the safety and efficacy of LYT-100, (oral drug) as compared to pirfenidone or placebo in adults with Idiopathic Pulmonary Fibrosis. The clinical trial is currently in phase 2, and is actively recruiting.
On the basis of region, North America is expected to hold a dominant position over the forecast period, due to increasing initatives by the government bodies to create awareness about idiopathic pulmonary fibrosis. For instance, in August 2022, The Pulmonary Fibrosis Foundation conducted an awareness program to make people aware about interstitial lung disease (ILD) and idiopathic pulmonary fibrosis in the U.S.
Competitive Landscape:
Key players operating in the global idiopathic pulmonary fibrosis market include Genentech, Inc., Boehringer Ingelheim International GmbH, Avalyn Pharma, Inc., AstraZeneca, Blade Therapeutics, Bristol-Myers Squibb Company, Cipla Inc., F. Hoffmann-La Roche, FibroGen, Inc., Galapagos NV, MediciNova, Inc., Merck & Co., Inc., Promedior, Inc., Prometic Life Sciences Inc., Daewoong Pharmaceutical (India) Pvt Ltd, Sandoz International GmbH (Novartis), and Algernon Pharmaceuticals Inc.
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Market Segmentation:
- Global Idiopathic pulmonary fibrosis market, By Drug:
- Pirfenidone
- Nintedanib
- Others (Interferon gamma-1b and Others)
- Global Idiopathic pulmonary fibrosis market, By Route of Administration:
- Oral
- Parenteral
- Global Idiopathic pulmonary fibrosis market, By Distribution Channel:
- Hospital Pharmacies
- Retail Pharmacies
- Online Pharmacies
- Global Idiopathic pulmonary fibrosis market, By Region:
- North America
- By Country:
- U.S.
- Canada
- By Country:
- Latin America
- By Country:
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- By Country:
- Europe
- By Country:
- Germany
- U.K.
- France
- Italy
- Spain
- Russia
- Rest of Europe
- By Country:
- Asia Pacific
- By Country
- China
- India
- Japan
- Australia
- South Korea
- ASEAN
- Rest of Asia Pacific
- By Country
- Middle East
- By Country:
- GCC
- Israel
- Rest of Middle East
- By Country:
- Africa
- By Country/Region:
- South Africa
- Central Africa
- North Africa
- By Country/Region:
- North America
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About Us:
Coherent Market Insights is a global market intelligence and consulting organization focused on assisting our plethora of clients achieve transformational growth by helping them make critical business decisions. We are headquartered in India, having sales office at global financial capital in the U.S. and sales consultants in United Kingdom and Japan. Our client base includes players from across various business verticals in over 57 countries worldwide. We create value for clients through our highly reliable and accurate reports. We are also committed in playing a leading role in offering insights in various sectors post-COVID-19 and continue to deliver measurable, sustainable results for our clients.
Artificial Intelligence
AUTOCANADA ANNOUNCES PROMOTIONS AND EXPANDS LEADERSHIP TEAM

AutoCanada Inc. (“AutoCanada” or the “Company”) (TSX: ACQ), a multi-location North American automobile dealership group, announced key promotions and additions to its leadership team.
Jeff Thorpe, who joined the Company as President, Canadian Operations in April 2022, will have responsibility for all operations in North America as President, North American Operations. Brian Feldman, who joined as Senior Vice President, Canadian Operations and Disruptive Technologies in April 2022, has been appointed as Chief Operating Officer of the Company.
“Jeff and Brian have proven themselves over the last year and have been instrumental in driving our strong performance through their focus on operational initiatives in Canada. We are very pleased to provide Jeff with the increased responsibility of oversight over our U.S. operations, in addition to Canadian operations, and to appoint Brian as the Chief Operating Officer of the Company,” said Paul Antony, Executive Chairman of the Company.
In addition, Drew Forret will be appointed as Chief Administrative and Transformation Officer and Michael Fera will join as Vice President, Financial Planning and Analysis, each effective in the fourth quarter of 2023. These new roles will support the Company’s renewed focus on fiscal discipline.
“We are very excited to welcome Drew and Michael to the AutoCanada team. Drew and Michael’s significant and proven experience in driving high-performance business cultures with scalable best practices and fiscal discipline will be invaluable for AutoCanada as we continue on the next leg of our journey,” said Mr. Antony.
Drew has over 20 years of experience focusing on the leadership and scaling of growth-based organizations. He most recently held the position of Chief Operating Officer and Chief Financial Officer of Voices, a platform that connects businesses with professional voice talent. Prior to Voices, Drew was the Chief Operating Officer and Chief Financial Officer of CarProof, a provider of vehicle history reports, and President of Activplant, an originator of manufacturing intelligence software. Michael has over a decade of experience in financial planning and analysis. He joins us from Tim Hortons, Canada’s leading quick-service restaurant chain, where he served as Head of Finance for the Canadian business. In addition, Michael held several operational roles spanning development, franchising, non-traditional business and real estate during his tenure with Tim Hortons.
Artificial Intelligence
Huawei’s Brand-New Digital and Intelligent Foundation Upgrades Aviation and Rail Industries

SHANGHAI, Sept. 25, 2023 /PRNewswire/ — In parallel with HUAWEI CONNECT 2023, Huawei’s Aviation & Rail BU held three global summits specifically oriented to the BU’s niche.
Using an upgraded digital and intelligent foundation, Huawei dives deep into a wide variety of industry scenarios and expedites the intelligent development of aviation and rail through multi-dimensional awareness, ubiquitous connectivity, and open platforms.
China West Airport Group (CWAG) chose Huawei to jointly develop a comprehensive intelligent transformation strategy.
According to Lin Bin, CWAG’s Deputy General Manager, his company has created 35 intelligent solutions for security, operations, services, and other scenarios using Huawei’s high-performance computing power and open intelligent platforms, as well as advanced algorithms for the industry.
For airport operations, digital and intelligent ground handling solutions forecast the real-time status of flights, passengers, and resources, as well as promptly generating warnings. They also intelligently dispatch ground handlers as needed. The solutions increase ground support efficiency by 20% and shorten the time support takes by 17%. In addition, smart airport operation solutions have introduced the optimal flight plan result model to achieve best supply-demand matching and AI-assisted operation command.
Ever-evolving technologies have brought both challenges and opportunities to enterprise digital transformation and intelligent upgrade. Li Junfeng, Vice President of Huawei and CEO of Huawei’s Aviation & Rail BU, delivered an opening speech at the global railway summit. He explained that as GSM-R gradually exits the market, the railway industry requires a next-generation mobile communications system to ensure efficiency and benefits, as well as maintain high-quality development. In response, Huawei is thinking about how it can leverage AI to better serve the railway industry, and have built practices and made remarkable achievements during its journey.
Huawei teamed up with Huitie Technology to develop the Smart Railway TFDS Solution, which uses the Pangu Railway Model with 3 billion parameters. The solution covers all TFDS scenarios and effectively identifies over 430 types of faults on 67 vehicle models with a comprehensive fault identification rate exceeding 99.3%. It ensures near-zero missed inspections for critical faults and triples the operational efficiency.”
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Artificial Intelligence
Hexagon’s Sixth Sense Announces Nine Startups to Transform Manufacturing Sustainability and Digital Reality

Selected innovators leading the charge in reshaping manufacturing for a sustainable future
COBHAM, England, Sept. 25, 2023 /PRNewswire/ — Today, Hexagon’s Manufacturing Intelligence division announced the nine manufacturing startups chosen for its third Sixth Sense cohort. The selected companies were chosen from a highly competitive pool of hundreds of applicants, distinguishing themselves with groundbreaking solutions addressing critical manufacturing challenges, with a focus on sustainability and digital reality.
The selected startups, which hail from seven countries, bring unique approaches to some of today’s most critical manufacturing challenges, such as improving product sustainability, eliminating waste, capturing real-time data, automating design, and incorporating cobots into production lines. As part of the Sixth Sense program, they will gain access to Hexagon’s invaluable market insights, accumulated over decades of collaboration with industry-leading technology giants, which will accelerate their journey to commercial success.
Hexagon, the industrial software leader that plays a pivotal role in manufacturing 90% of aircraft, 75% of smartphones, and 95% of all automobiles worldwide, launched Sixth Sense in January 2022. This initiative is designed to nurture startups within the manufacturing industry by supporting them with Hexagon’s extensive resources.
The nine startups are:
Acerta Analytics, Canada: Acerta Analytics provides advanced analytics solutions that leverage machine learning and artificial intelligence (ML/AI) to turn complex product data into actionable insights. The solution enables automakers and suppliers of complex vehicle parts to improve quality in manufacturing processes and supports early defect detection.Circularise, Netherlands: Circularise offers digital product passports for end-to-end traceability and secure data exchange in industrial supply chains. Its technology helps companies achieve transparency and sustainability by tracking the lifecycle of products and materials.Dessia, France: Dessia offers a platform featuring virtual “bots” that serve as companions to assist engineers in designing mechanical systems. These virtual assistants provide support and insights throughout the design process.Flexxbotics, Boston, US: Flexxbotics specialises in enabling high-mix automation-intensive manufacturers to create flexible next-generation machining environments. It utilises breakthrough FlexxCORE™ technology to seamlessly connect and coordinate collaborative robots with existing automation equipment, IT systems, and personnel to deliver autonomous process control.Launchpad, Los Angeles, US: Launchpad utilises AI and advanced simulation technologies to automate aspects of the design, procurement, and manufacturing process. Its focus is on concepts like mass customization, micro-factories, and software-defined robotics to create shorter supply chains, reduce waste, and deliver new features faster in the manufacturing industry.Rafinex, Luxembourg: Rafinex’s stochastic AI topology optimization for safe, lightweight designs. This technology actively manages uncertainty and risks of real-life variability to create uniquely robust designs that remain safe even in off-design load conditions for application in safety-critical performance sectors such as aerospace, automotive, and tooling.RV Magnetics, Slovakia: RV Magnetics has developed the world’s smallest passive sensor based on MicroWire technology. This sensor combines unique capabilities from electromechanics, electronics, chemistry, physics, applied magnetism, and industrial design, offering diverse applications.ToffeeAM, London, UK: ToffeeAM provides state-of-the-art multi-physics generative design software for engineering. Its mission is to empower engineers to optimise engineering components and systems efficiently, enabling them to go further and faster in design processes.Zaptic, Manchester, UK: Zaptic provides job instruction and collaboration tools for frontline teams, along with a no-code toolkit designed to accelerate the digital transformation of daily operations. The solutions help organizations streamline processes and improve communication among frontline workers.These startups will embark on an intensive 16-week journey as part of the Sixth Sense program, collaborating closely with Hexagon to refine their offerings. Ultimately, up to three winners will be selected from the cohort, granting them access to Hexagon’s extensive resources for global expansion, including potential funding, worldwide office space, and Hexagon’s comprehensive suite of products and services. Additionally, they will be showcased on Hexagon’s open digital reality platform for manufacturing, Nexus, providing them access to world-class companies.
“For this third cohort, we’ve been on the hunt for new innovations that enable manufacturing leaders to lead the net-zero transition – especially with sustainable product design – and we’re thrilled with the caliber of the startups we’ve found to participate,” said Josh Weiss, president of Hexagon’s Manufacturing Intelligence division. “Sixth Sense is designed to pinpoint emerging opportunities for greater innovation, and we’re thrilled to give these companies that are poised for high-growth access to resources and customers that they typically wouldn’t have at this stage in their lifecycle.”
“Hexagon’s commitment to nurturing innovation and driving sustainable manufacturing practices continues to shine through,” said Milan Kocić, head of Sixth Sense, Hexagon. “Each of these startups has demonstrated their capacity to address pressing manufacturing challenges with creativity and determination. Much like our previous cohorts have addressed critical industry challenges, we believe these innovators will play a crucial role in shaping a sustainable future for the manufacturing industry.”
About Sixth SenseHexagon technologies are used to manufacture 90% of aircraft, 75% of smartphones, and 95% of every automobile produced worldwide. It has the scale, the network, and the ambition to make a difference. As we enter the era of Industry 4.0, Sixth Sense was launched to discover smart and efficient solutions that will boost performance and benefit people and the planet. By inviting the next generation of innovators to the table, Hexagon aims to share its resources and make connections that accelerate progress – pushing the boundaries of design, manufacturing, and engineering and starting to imagine a better future for the benefit of everyone. To follow Sixth Sense, and learn about the ecosystem and opportunities for participation, visit https://sixthsense.hexagon.com/.
About HexagonHexagon is the global leader in digital reality solutions, combining sensor, software and autonomous technologies. We are putting data to work to boost efficiency, productivity, quality and safety across industrial, manufacturing, infrastructure, public sector, and mobility applications.
Our technologies are shaping production and people related ecosystems to become increasingly connected and autonomous – ensuring a scalable, sustainable future. Hexagon’s Manufacturing Intelligence division provides solutions that use data from design and engineering, production and metrology to make manufacturing smarter. For more information, visit hexagon.com/mi.
Hexagon (Nasdaq Stockholm: HEXA B) has approximately 24,000 employees in 50 countries and net sales of approximately 5.2bn EUR. Learn more at hexagon.com and follow us @HexagonAB.
View original content:https://www.prnewswire.co.uk/news-releases/hexagons-sixth-sense-announces-nine-startups-to-transform-manufacturing-sustainability-and-digital-reality-301936427.html
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