Medical care given to a patient suffering from liver diseases is termed as liver disease treatment. Furthermore, the treatment includes use of various drugs for different types of liver conditions. For instance, hepatitis B is a liver disease caused by a virus called hepatitis B virus (HBV). This condition is treated using antiviral drugs and can also be prevented by use of vaccines. Furthermore, other drugs that are used in treatment of hepatitis include immunoglobulin. Similarly, liver cancer is treated by using chemotherapy drugs and targeted therapy. In addition, some autoimmune liver related disorders are treated with the use of corticosteroids. Furthermore, liver associated conditions require liver transplant in many cases, where immunosuppressant drugs are used to prevent organ rejection.
Swelling in the abdomen and legs, easy bruising, changes in the color of faeces & urine, and jaundice, or yellowing of the skin and eyes, are all common symptoms of liver disease. Imaging and liver function testing can both detect liver damage and aid in the diagnosis of liver diseases. The liver disease treatments majorly comprise of immunosuppressant’s, chemotherapy drugs, targeted therapy, vaccines, antiviral drugs, immunoglobulins, and corticosteroids. In addition, these products are used to cure a range of liver diseases, which include hepatitis, autoimmune diseases, non-alcoholic fatty liver, and genetic disorders
Increase in alcohol consumption, obesity, unhealthy diets, unhealthy lifestyle due to increase stress, and rise in geriatric population are the major factors that drive the growth of the market. Rise in the consumption of alcohol is one of the major factors that leads to liver disorders. Alcohol alters the chemicals that break down scar tissue and eliminate it. This means that scar tissue accumulates in the liver and normal healthy cells are replaced by scar tissue. Thus, the liver is unable to function properly and may fail, resulting in death. Alcohol-related liver disease (ARLD) include alcoholic fatty liver disease, acute alcoholic hepatitis and alcoholic cirrhosis.
For instance, according to the National Center for Drug Abuse Statistics 2021, there were about 95.2 thousand alcohol-related deaths among which 31.08% were due to liver diseases. Alcoholic liver disease is the leading killer, which causes 19.1% of all alcohol-related deaths. Thus, such high mortality can be prevented by appropriate liver treatment at the right time, and thus boosts the growth of the market.
In addition, overweight and obesity is another major factor driven by rise in consumption of carbohydrate-based foods, packaged foods, poor eating habits, and unhealthy lifestyle among young generation as well adults thus leading to weight gain and further obesity. According to the World Health Organization (WHO), the majority of the world's population lives in countries where obesity and overweight people kills more people than persons who are underweight.
Furthermore, according to the World Obesity Federation that by 2025, approximately 2.7 billion adults would be overweight, over 1 billion will be obese, and 177 million adults will be extremely obese, if current trends continue. Fat accumulates in the liver as a result of being overweight or obese. This leads to chronic inflammation and scarring of the liver also known as cirrhosis. Thus, surge in obesity population is expected to boost the liver disease treatment market.
Moreover, increase in population especially the geriatric leads to rise in chronic diseases and may lead to liver dysfunction. Surge in diabetes, cardiovascular diseases, metabolic syndromes further lead to liver disorders. For instance, in March 2020, the Drug Controller General of India (DCGI) has approved Zydus Cadila's new drug application for saroglitazar, which is used to treat non-cirrhotic non-alcoholic steatohepatitis (NASH). NASH ranks as one of the major causes of cirrhosis, behind hepatitis C and alcoholic liver disease. In advanced cirrhosis with liver failure, liver transplantation is the only treatment option. Thus, approval of such drugs and various government initiatives for liver disease awareness are anticipated to further drive the growth of the liver disease treatment market.
Increase in the liver disease treatment is majorly due to technological advancements in imaging, surge in drug discovery, novel treatments for the diseases, increase in R & D activities, and research funding by both private and public organizations. In addition, various government initiatives for awareness regarding the liver disorders is expected to boost the market growth.
The global liver disease treatment market is segmented into treatment type, disease type, and region. On the basis of treatment, the market is segregated into antiviral drugs, immunosuppressant’s, vaccines, immunoglobulins, corticosteroids, targeted therapy, and chemotherapy drugs. By disease type, it is categorized into hepatitis, autoimmune diseases, non-alcoholic fatty liver disease (NAFLD), cancer, genetic disorders, and others (congenital hepatic fibrosis and biliary atresia).
The major players profiled in the report are AbbVie Inc., Abbott Laboratories, Astellas Pharma Inc., Bristol Myers Squibb, Eli Lilly and Company, F. Hoffman-LA Roche, Emergent BioSolutions (Cangene bioPharma), Gilead Sciences, Inc., Merck & Co., Inc. (Merck Sharp & Dohme Corp.), and Viatris Inc.
KEY BENEFITS FOR STAKEHOLDERS
- This report provides an extensive analysis of the current and emerging market trends and dynamics in the global liver disease treatment market to identify the prevailing opportunities.
- This study presents the competitive landscape of the global market to predict the competitive environment across geographies.
- Comprehensive analysis of factors that drive and restrict the market growth is provided.
- Region- & country-wise analysis is provided to understand the market trends and dynamics.
KEY MARKET SEGMENTS
By Treatment Type
- Antiviral Drugs
- Immunosuppressant’s
- Vaccines
- Immunoglobulins
- Corticosteroids
- Targeted Therapy
- Chemotherapy
By Disease Type
- Hepatitis
- Autoimmune Diseases
- Non-Alcoholic Fatty Liver Disease (NAFLD)
- Cancer
- Genetic Disorders
- Others
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- Japan
- China
- India
- Australia
- South Korea
- Rest of Asia-Pacific
- LAMEA
- Brazil
- Saudi Arabia
- South Africa
- Rest of LAMEA
KEY MARKET PLAYERS
- AbbVie Inc.
- Abbott Laboratories
- Astellas Pharma Inc.
- Bristol Myers Squibb
- Eli Lilly and Company
- F. Hoffman-LA Roche
- Emergent BioSolutions (Cangene bioPharma)
- Gilead Sciences, Inc.,
- Merck & Co., Inc. (Merck Sharp & Dohme Corp.)
- Viatris Inc.
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Table of Contents
Companies Mentioned
- AbbVie Inc.
- Abbott Laboratories
- Astellas Pharma Inc.
- Bristol Myers Squibb
- Eli Lilly and Company
- F. Hoffman-LA Roche
- Emergent BioSolutions (Cangene bioPharma)
- Gilead Sciences, Inc.,
- Merck & Co., Inc. (Merck Sharp & Dohme Corp.)
- Viatris Inc.
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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Table Information
Report Attribute | Details |
---|---|
No. of Pages | 254 |
Published | December 2021 |
Forecast Period | 2020 - 2030 |
Estimated Market Value ( USD | $ 20673.7 million |
Forecasted Market Value ( USD | $ 36455.7 million |
Compound Annual Growth Rate | 5.8% |
Regions Covered | Global |
No. of Companies Mentioned | 10 |