Liver Disease Treatment Market Size, Share, Trends, Industry Report, Growth, Analysis and Forecast 2022-2027 – The Bite
According to the latest report of the IMARC group, entitled “Global Liver Disease Treatment Market Size, Share, Industry Report, Trends, Growth, Opportunities and Forecast 2022-2027“, the global liver disease treatment market reached a value of US$20.83 billion in 2021. Looking ahead, IMARC Group expects the market to reach a value of US$30.91 billion US dollars by 2027 growing at a CAGR of 6.50% in 2022-2027.
The liver is a vital organ in the human body that performs various functions such as separating nutrients and waste products as they move through the digestive system, removing harmful substances from the blood, and maintaining an adequate balance of products chemicals in the body. Liver disease can be hereditary or caused by various factors such as viruses, alcohol, and obesity. These conditions can lead to scarring (cirrhosis) or liver failure, if not treated at an early stage. Accordingly, the treatment of liver disease plays a vital role in improving cholesterol, hormone excretion, bile synthesis and enzyme activation.
|Base year: 2021|
|Forecast year: 2022-2027|
Liver Disease Treatment Market Trends and Drivers:
The growing geriatric population, which is more susceptible to chronic diseases including liver disease, represents one of the major factors driving the growth of the market. In addition, the increasing prevalence of fatty liver disease caused by high cholesterol and blood pressure levels, obesity and diabetes acts as another major growth factor.
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In addition to this, the introduction of various technological advancements, such as bioartificial liver, which is widely used for patients suffering from acute liver failure, is also contributing to the growth of the market. Additionally, there has been a significant increase in the use of antiviral drugs to suppress the hepatitis B virus and reduce the risk of developing cirrhosis and hepatocellular carcinoma.
This, coupled with the expansion of the healthcare sector, creates a positive market outlook. Additionally, governments in many countries are undertaking initiatives to promote public healthcare, which is expected to provide positive market prospects in the coming years.
Note: We regularly track the direct effect of COVID-19 on the market, as well as the indirect influence of associated industries. These observations will be incorporated into the report.
2022-2027 Global Liver Disease Treatment Market Analysis and Segmentation:
The competitive landscape of the market has been studied in the report with the detailed profiles of the major players operating in the market.
Abbott Laboratories, AbbVie Inc., Astellas Pharma Inc., Bristol-Myers Squibb Company, Eli Lilly and Company, Emergent BioSolutions Inc., F. Hoffmann-La Roche AG, Gilead Sciences Inc., GlaxoSmithKline plc, Merck & Co. Inc. , Novartis AG, Pfizer Inc., Sanofi SA, Takeda Pharmaceutical Company Limited and Viatris Inc.
The report has segmented the market based on region, treatment type, disease type, and end user.
Breakdown by type of treatment:
- Antiviral drugs
- Targeted therapy
Breakdown by type of disease:
- Autoimmune diseases
- Non-alcoholic fatty liver disease (NAFLD)
- Genetic Disorders
Breakdown by end user:
- Ambulatory surgery centers
Breakdown by region:
- North America: (United States, Canada)
- Asia-Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
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Main highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Porter’s Five Forces Analysis
- Market drivers and success factors
- SWOT analysis
- Value chain
- Complete mapping of the competitive landscape
If you need specific information that is not currently covered in the report, we can provide it to you as part of the customization.
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