Liver Disease Treatment Market Forecast, Share, Size, Trends
Liver Disease Treatment Market 2022
The liver is one of the most important organs in the human body and performs major functions, such as removing harmful substances from the blood, maintaining an adequate level of chemicals in the body, and storing nutrients for all cellular activities. and biological. Malfunction of the liver causes many serious diseases, such as hepatitis A, B, C, primary biliary cirrhosis and tumors.
Some hereditary diseases, such as Wilson’s disease, Alagille syndrome and hemochromatosis, are also due to poor liver function. Some of the major reasons for poor liver function are genetic disorders, excessive alcohol consumption, and obesity. Some of them can also lead to permanent liver damage.
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The global liver disease treatment market is categorized based on various types of drugs and diseases. The drug type segment is further sub-segmented into vaccines, antivirals, corticosteroids, anabolic steroids, antimetabolites, anti-rejection drugs, immunosuppressive agents, immunoglobulins, and chemotherapy.
Antiviral drug represents the largest sub-segment of the global liver disease treatment market. Additionally, the diseases segment includes hepatitis, autoimmune diseases, liver tumors, alcohol-induced liver diseases, chronic liver diseases and non-alcoholic fatty liver disease. Hepatitis treatment is the largest and fastest growing sub-segment in the global liver disease treatment market.
According to geographical analysis, North America is the largest market for liver disease treatment drugs, followed by Europe and Asia. In North America, the United States represents the largest market for liver disease treatment drugs. In Europe, Germany, France and the UK cover most of the liver disease treatment market.
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Additionally, Asia represents the fastest growing market for liver disease treatment drugs, owing to the increase in geriatric populations. The liver has a significant ability to regenerate and maintain its function in the elderly. However, changes in cellular and physiological functions during aging inhibit normal liver function and cause disease.
Additionally, Asia is one of the strongest oncology markets, accounting for nearly half of all new cancer cases globally. These increasing cases of cancer also include liver cancers. This increasing number of liver cancer cases in Asian countries requires a huge amount of liver disease treatment drugs for the prevention and treatment of liver cancer and tumors.
Globally, liver disease treatment market is growing with a moderate growth rate due to aging population, excessive alcohol consumption and increasing prevalence of liver disease. Additionally, the high unmet need for liver cancer treatment is also supporting the growth of the liver disease treatment market.
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However, the side effects and risks associated with the drugs are hampering the growth of the liver disease treatment market. Additionally, the strict approval procedure of the FDA and other government regulations are also hampering the growth of the liver disease treatment market. Also, availability of alternative treatment procedure is one of the major challenges for the global liver disease treatment market.
Some of the major companies operating in the liver disease treatment market are Abbott Laboratories, Actavis Inc., Aton Pharma, Bayer Schering AG, Biotest, Bristol-Myers Squibb, Eli Lilly, Forest Laboratories, Inc., Glaxosmithkline PlC, Merck & Co., Mylan, Novartis, Pfizer, Roche, Sanofi-Aventis, Takeda Pharmaceuticals and Zydus Pharmaceuticals Inc.
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