Liver Disease Treatment Market to Reach $36.45 Billion Globally by 2030 at a CAGR of 5.7%: AMR
Rising incidence of liver disease and rise in governmental and non-governmental awareness programs have boosted the growth of the global liver disease treatment market
PORTLAND, Oregon., January 17, 2022 /PRNewswire/ — Allied Market Research recently released a report titled, “liver disease treatment market by type of treatment (antiviral drugs, immunosuppressants, vaccines, immunoglobulins, corticosteroids, targeted therapy, chemotherapy drugs) and type of disease (hepatitis, autoimmune diseases, non-alcoholic fatty liver disease (NAFLD), cancer, genetic disorders and others) : Global Opportunity Industry Analysis and Forecast, 2021-2030″. According to the report, the global liver disease treatment industry generated $20.67 billion in 2020, and is expected to collect $36.45 billion by 2030, growing at a CAGR of 5.7% from 2021 to 2030.
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Drivers, constraints and opportunities
Rising incidence of liver disease, increase in governmental and non-governmental awareness programs and increasing geriatric population coupled with increased alcohol consumption and unhealthy eating habits have spurred the growth of the global liver disease treatment market. However, stringent regulatory approvals related to drugs and vaccines for the treatment of liver diseases and resistance to antiviral drugs used in the treatment of hepatitis B and C are hampering the market growth. On the contrary, the presence of strong pipelined products is expected to open up new opportunities for market players in the future.
The Covid-19 epidemic has a moderate impact due to the reduced need for drugs used in the treatment of the liver, the limited availability of medical care and the shortage of health personnel.
The increased burden of hospitalizations related to Covid-19 has had a negative impact on the health sector.
On the contrary, research studies and activities such as clinical trials on the safety and efficacy of liver disease treatment have boosted the demand for liver disease treatment.
The antiviral segment takes the lion’s share
By type of treatment, the antiviral drugs segment led the market in 2020, accounting for more than two-fifths of the global liver disease treatment market, driven by the rise in the prevalence of virus-infected liver diseases and the availability of branded and generic drugs. However, the immunosuppressants segment is expected to register the highest CAGR of 7.5% during the forecast period, owing to the increase in autoimmune diseases and increase in liver transplants.
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Cancer Segment to Show Highest CAGR through 2030
By end-user, the cancer segment is expected to exhibit the highest CAGR of 7.8% during the forecast period, driven by rising alcohol consumption, obesity and cases of hepatitis. However, the hepatitis segment held the lion’s share in 2020, contributing more than four-fifths of the global liver disease treatment market, owing to the rise in the number of hepatitis cases globally.
North America held the largest share
By region, the market across North America held the largest share in 2020, accounting for more than two-fifths of the market, owing to increasing geriatric population, adoption of advanced technologies, robust R&D infrastructure for life science researchers life and better treatment of liver disease. However, the global liver disease treatment market across Asia Pacific he is expected to manifest Highest CAGR of 7.8% during the forecast period, due to increase in liver disease, increase in public-private investment and government support for pharmaceutical and biotechnology R&D.
Main market players
Astellas Pharma Inc.
Eli Lilly and company
Bristol Myers Squibb
Emerging BioSolutions (Cangene bioPharma)
F. Hoffman-LA Roche
Merck & Co., Inc. (Merck Sharp & Dohme Corp.)
Gilead Sciences, Inc.
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“We have also published some syndicated market studies in the same field that you may be interested in. Below is the title of the report for your reference, considering the impact of Covid-19 on this market which will help you to assess the aftereffects of the pandemic on the short and long term growth trends of this market.”
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SOURCE Allied Market Research