Liver Cirrhosis Treatment Market – Comprehensive Survey on Demand by 2030

Growth Prospects and Emerging Trends

Liver Cirrhosis Treatment Market – Comprehensive Survey on Demand by 2030

Press Release

Liver carries out important functions in the body such as protein production, metabolizing of fat and carbohydrate, detoxification of drugs, alcohol, and environmental toxin. Liver disease is a broad term that covers all the potential problems that cause the liver fail to perform its designated function. The different types of liver diseases are hepatitis, cirrhosis, liver cancer, and liver abscess (collection of pus). Liver cirrhosis is a late stage of scarring of liver caused by liver disease and conditions such as chronic alcoholism, hepatitis, and non-alcoholic fatty liver disease. Signs and symptoms of liver cirrhosis include abdominal pain, fatigue, intestinal bleeding, jaundice, weakness, and weight loss. Liver cirrhosis can be broadly classified into hepatitis C-related cirrhosis, alcoholic cirrhosis, primary sclerosing cholangitis, and primary biliary cirrhosis. Approximately 20% to 30% of the subjects chronically infected with hepatitis C virus are likely to develop liver cirrhosis 15 to 25 years later. Alcoholic cirrhosis is an advanced form of liver disease caused due to alcohol consumption. About 10% to 15% of people with alcoholism develop liver cirrhosis.

Primary sclerosing cholangitis is characterized by cholestasis with inflammation in bile duct, eventually leading to liver cirrhosis. Primary biliary cirrhosis is an autoimmune disease of the liver that results in progressive disruption of the bile duct. Diagnosis of liver cirrhosis can be done by patient history, physical examination, laboratory test such as liver function test, hepatitis B and C test, imaging such as magnetic resonance elastography or transient elastography, MRI, and CT scan. However, liver cirrhosis can only be confirmed by liver biopsy. Liver cirrhosis cannot be cured; however, drugs prevent or delay further liver damage. These include chemotherapeutic drugs, targeted therapy, vaccine, antiviral drugs, immunoglobulin, corticosteroids, and immunosuppressant. Scientists are currently working to expand the treatment area for liver cirrhosis, but success has been limited. Currently, the phase II trial of IDN-6556 (emricasan) is underway on liver cirrhosis subjects. According to the Centers for Disease Control and Prevention, the global incidence of liver disease was 3.9 million in 2016. According to the World Health Organization (WHO), incidence of liver cirrhosis is rising in countries in Europe due to high consumption of alcohol.

Rise in prevalence of liver disease and rapidly changing lifestyles such as increase in alcohol consumption are projected to drive the global liver cirrhosis treatment market during the forecast period. Additionally, increase in awareness programs and rise in R&D investment for the development of new drug molecules are projected to propel the global liver cirrhosis treatment market in the near future. However, high cost of drug development and stringent government regulations are projected to restrain the global market during the forecast period.

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The global liver cirrhosis treatment market can be segmented based on disease type, drug type, distribution channel, and region. In terms of disease type, the global market can be categorized into hepatitis C-related cirrhosis, alcoholic cirrhosis, primary sclerosing cholangitis, and primary biliary cirrhosis. Based on drug type, the global liver cirrhosis treatment market can be classified into chemotherapeutic drugs, targeted therapy, vaccine, antiviral drugs, immunoglobulin, corticosteroids, and immunosuppressant. In terms of distribution channel, the global market can be divided into online pharmacies, retail pharmacies, and hospital pharmacies.

Geographically, the global liver cirrhosis treatment market can be segmented into North America, Europe, Latin America, Asia Pacific, and Middle East & Africa. North America is expected to account for the largest share of the global market due to favorable reimbursement scenario and higher health care spending. Europe is expected to be the second-largest market for liver cirrhosis treatment during the forecast period due to rise in awareness about new treatment options and developed regulatory framework. The liver cirrhosis treatment market in Asia Pacific is expected to grow at a rapid pace during the forecast period. Growth of the market in the region can be attributed to rise in prevalence of liver disease and improving health care infrastructure.

Key players operating in the global liver cirrhosis treatment market are Pfizer, Inc., Abbott Laboratories, Merck & Co., Inc., Novartis AG, F. Hoffmann-La Roche Ltd., Takeda Pharmaceuticals Company Ltd., and Zydus Pharmaceuticals Inc., among others.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

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The study is a source of reliable data on: Market segments and sub-segments Market trends and dynamics Supply and demand Market size Current trends/opportunities/challenges Competitive landscape Technological breakthroughs Value chain and stakeholder analysis

The regional analysis covers: North America (U.S. and Canada) Latin America (Mexico, Brazil, Peru, Chile, and others) Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg) Eastern Europe (Poland and Russia) Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand) Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report: A complete backdrop analysis, which includes an assessment of the parent market Important changes in market dynamics Market segmentation up to the second or third level Historical, current, and projected size of the market from the standpoint of both value and volume Reporting and evaluation of recent industry developments Market shares and strategies of key players Emerging niche segments and regional markets An objective assessment of the trajectory of the market Recommendations to companies for strengthening their foothold in the market   

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis. 

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