USD 16.69 Billion
Report ID:
SQMIG35A2887 |
Region:
Global |
Published Date: May, 2024
Pages:
218
|Tables:
66
|Figures:
74
Liver Cirrhosis Treatment Market size was valued at USD 17.76 Billion in 2023 and is poised to grow from USD 18.9 Billion in 2024 to USD 31.09 Billion by 2032, growing at a CAGR of 6.42% during the forecast period (2025-2032).
Cirrhosis of the liver is a disease characterized by severe liver damage and scarring, leading to liver failure. Major pharmaceutical companies are doing a lot of research to develop new drugs for liver disease. Rapid lifestyle changes increase the risk of liver disease in humans. In addition, people with hepatitis, cystic fibrosis, syphilis, alpha-1 antitrypsin deficiency, alcohol abuse, and other liver diseases are at increased risk of developing cirrhosis of the liver, 887,000 people (about half the population of Idaho) died from hepatitis B. Most of these deaths were from to the fact that these patients had hepatitis B with liver cirrhosis and hepatocellular carcinoma (mainly cancer of the liver).
Key trends likely to drive the growth of the global liver cirrhosis treatment market include population of liver disease, increasing alcohol consumption and poor diet, according to a research study published in Clinical Liver Disease in June 2021. Chronic liver disease affecting about 1.5 billion people worldwide (CLD) is one of the leading causes of death and morbidity worldwide. Moreover, the most common cause of disease is liver non-alcoholic disease (NAFLD) (59%), followed by hepatitis B (2013), according to a June 2021 publication by the American Association for the Study of Liver Diseases. 29%), had hepatitis C (9%), and alcoholic liver disease (ALD) (2%). Furthermore, according to a study published in Clinical and Molecular Hepatology in October 2022, the prevalence of non-alcoholic fatty liver disease (NAFLD) is predicted to be 55.7% by 2040, worldwide therefore liver increasing infections helped to penetrate all markets.
Global Market Size
USD 16.69 Billion
Largest Segment
Antiviral
Fastest Growth
Vaccines
Growth Rate
6.42% CAGR
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By treatment modality the market is segmented as antiviral, vaccines, chemotherapy, immunosuppressive agents, corticosteroids. By disease type the market is segmented as hepatitis, non-alcoholic fatty liver disease, alcohol-induced, liver cancer. The study provides market insights into North America, Europe, Asia-Pacific, Latin America, The Middle East and Africa.
Analysis by Treatment Modality
The antiviral segment accounted for the most important share of the liver disorder remedy marketplace in 2022 and the domination of the section is predicted to keep at some stage in the forecast period. The growing incidence of viral hepatitis infections, increasing wide variety of advancements in antiviral treatment plans, rising focus and screening applications for hepatitis B and C and developing emphasis on accomplishing viral suppression and stopping disorder progression commonly force the segmental growth.
The vaccines section had a great share of the worldwide market in 2022 and is expected to grow at a superb proportion of the global marketplace throughout the forecast duration. The developing emphasis on preventive healthcare, growing variety of government immunization packages, growing vaccination efforts for hepatitis B and growing awareness of the importance of vaccination against hepatitis viruses majorly propel the segmental growth.
Analysis by Disease
The liver cancer section is expected to account for the largest proportion of the worldwide marketplace in the course of the forecast period. The growing incidence of liver most cancers is one of the key elements propelling segmental growth. The developing occurrence of chance factors like viral hepatitis, alcohol abuse, and non-alcoholic fatty liver disorder, the growing quantity of advances in early detection and analysis of liver most cancers and growing treatment alternatives, including surgical treatment, chemotherapy, targeted cures, and immunotherapy further raise the growth charge of the segment.
The non-alcoholic fatty liver disease (NAFLD) phase is predicted to maintain a large share of the global marketplace throughout the forecast period. Factors which include the developing incidence of weight problems and metabolic syndrome, rising occurrence of NAFLD resulting from lifestyle adjustments, growing consciousness and prognosis of NAFLD and developing attention on way of life adjustments and pharmacological interventions pressure the segmental growth.
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The largest regional market. cirrhosis of the liver is common in the United States. In the U.S. saw 88,000 deaths from alcohol-related liver disease and hepatitis. Additionally, the health care system in the U.S. has 88,000 deaths from alcohol-related liver disease is also growing, contributing to the growth of the global liver cirrhosis treatment market. Furthermore, Pfizer Inc. has a strong presence in the market.
Asia Pacific has seen an increase in the incidence of cirrhosis of the liver. In addition, government and NGOs are developing hepatitis awareness programs which are expected to boost the global liver cirrhosis treatment market. Furthermore, the elderly population is more prone to various liver diseases, is increasing in countries such as India, Japan and China, positively impacting the market growth of liver disease treatment It is estimated, by 2050, one in four people in Asia and the Pacific will be 60 years old or older.
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Drivers
Increased Incidence of Liver Disease
Technological Advancements
Restraints
Increased Costs
High Cost of Treatment
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The competitive environment of the Global Liver Cirrhosis Treatment Market is dynamic and characterized by the presence of a mix of well-established brands, emerging players, and niche producers. Innovation is a key competitive factor. The liver cirrhosis treatment market is fragmented, with several key players. In terms of market share, the market is currently dominated by a few major players. The companies currently dominating the market include Abbott Laboratories, Gilead Sciences, Novartis AG, Sanofi, Astellas Pharma, Inc. and others.
Top Player’s Company Profiles
Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
The market is expanding due to changing eating habits and sedentary lifestyles. Furthermore, the market is expected to grow owing to increasing incidence of fatty liver disease caused by excessive fat, obesity, hypertension and diabetes Apart from this, many technological advancements such as liver bioartificial is driving the rapid expansion of the market. It is commonly used for individuals with severe liver disease and replaces liver function with liver cell regeneration. Accordingly, rapid antiviral drug acceptance, safety and efficacy, ability to inhibit hepatitis B virus and reduce the risk of tumors and hepatocellular carcinoma are driving the market growth positive influence.
Report Metric | Details |
---|---|
Market size value in 2023 | USD 17.76 Billion |
Market size value in 2032 | USD 31.09 Billion |
Growth Rate | 6.42% |
Base year | 2024 |
Forecast period | 2025-2032 |
Forecast Unit (Value) | USD Billion |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Customization scope | Free report customization with purchase. Customization includes:-
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Liver Cirrhosis Treatment Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Liver Cirrhosis Treatment Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Liver Cirrhosis Treatment Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Liver Cirrhosis Treatment Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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Report ID: SQMIG35A2887
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