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Liver Cancer Therapeutics Market -global-converted

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Liver Disease Treatment Market By Treatment Modality (Antiviral, Vaccines, Chemotherapy, Immunosuppressive Agents, Corticosteroids, And Others), By Disease Type (Hepatitis, Non-Alcoholic Fatty Liver Disease, Alcohol Induced, Liver Cancer, And Others
Liver Cancer Therapeutics Market was worth $680.84 million in 2018 and estimated to be
growing at a CAGR of 9.1%, to reach $1052.37 million by 2023.
Market Overview:
In the year 2018 Liver Cancer Therapeutics Market is valued at $680.84 million. By the year
2023, it is predicted to reach$1052.37 million with the pace of 9.10% CAGR. Liver cancer is a
type of malignant hepatic tumour or on the liver, which may cause due to excessive alcohol
intake, diabetes, certain inherited liver diseases, and hepatitis. Symptoms of this cancer
appear only when it is in the advanced stage. The most common type of liver cancer is a
hepatocellular carcinoma, which begins in the main type of liver cell.
The North America liver cancer therapeutics market is classified on the basis of the type as
primary, secondary and benign liver growths. On the basis of therapeutics market is
bifurcated into hepatocellular carcinoma, Cholangio carcinoma, Hepatoblastoma and
targeted therapy. By end-users, the market is segmented as pediatrics and adults.
Hepatocellular Carcinoma is the largest segment for therapeutics type because of the high
prevalence of this type of liver cancer among people.
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Factors affecting market growth:
Major factors affecting liver cancer therapeutics market are
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The increasing aging population (+)
more neglected necessities for the treatment of liver malignancy, medicate
developments regarding the disease (+)
increasing government activities, rising events of cancer and mounting social
insurance use (+)
stringent regulatory processes, high capital investments(+)
The low success rate in clinical trials for drugs and low approachability in remote
areas(-)
Technological developments, for example,non-invasive radiation therapy and rising
frequency of cancer (+)
high costs related to research activities and the expiry of copyrights of some
bestseller drugs (-)
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Market Segmentation
The global liver cancer therapeutics market is classified on the basis of type
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primary
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secondary and
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Benign liver growths.
Based on the therapeutics, the market is divided into
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hepatocellular carcinoma
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Cholangio carcinoma
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Hepatoblastoma and targeted therapy.
The global liver cancer therapeutics market geographically segmented into
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North America
Latin America
Europe
Asia-Pacific
The Middle-East and Africa.
North America is the largest market for liver cancer therapeutics followed by Europe and
Asia. Also, Asia-Pacific signifies the fastest growing region for liver cancer therapeutics
market, owing to increasing aged populations. Increasing number of liver cancer cases in the
Asian countries is further fuelling this regions market.
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Key players:
Most important industries contributing to the global market are Alnylam Pharmaceuticals
Inc., ImClone Systems Inc., Onyx Pharmaceuticals Inc., F. Hoffmann-La Roche Ltd., Pfizer Inc.,
ArQule Inc., Jennerex Biotherapeutics Inc., Celsion Corp., Bayer Schering Pharma AG, 4SC
AG, and Bristol-Myers Squibb Company.
Contact Info:
Name: Mr. Abhishek Shukla
Email: [email protected]
Organization: MarketDataForecast™
Address: 2nd Floor, Above ICICI Bank,B-44, Rd Number 3, Journalist Colony, Film
Nagar, Hyderabad, Telangana 500033, India.
Phone: +1-888-702-9626
By the year 2023, North America Liver Disease Treatment Market is expected to reach USD
6.89 billion at a CAGR of 11.89%.
Market Overview:
Liver Disease Treatment Market was worth USD 11.55 billion in 2018 and estimated to be
growing at a CAGR of 11.72% to reach USD 20.1 billion by 2023. Hepatic disease is a type of
damage to or disease of the liver. There are more than a hundred different kinds of liver
disease. Symptoms may include jaundice and weight loss. The liver, an organ only found
in vertebrates, detoxifies various metabolites, synthesizes proteins,
and
produces biochemicals necessary for digestion
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Factors affecting market growth:
The growth of Liver Disease Treatment market is majorly driven by factors such as boost
in Research & Development investment, unorganized lifestyle, rising public awareness,
growth in geriatric population, and unmet needs for the treatment of liver cancer.
Additionally, spur in demand for alcohol has increased the risk of liver cirrhosis.
According to World Health Organization, alcohol consumption is anticipated to cause
20% to 50% of cirrhosis of the liver. Also, growing obese population has also increased
the risk of non-alcoholic fatty liver disease which is caused by build-up of fat in the liver.
The obese population has doubled since 1980. In 2014, approximately 13% of the
world’s population, that is, more than 600 million adults were obese as per World Health
Organization. The key restraints of the market are complex drug approval procedure,
side-effects of the product (fatigue, fever, and depression), high cost incurred for
product’s R&D process, and competition from alternative medicine (Herbal, Natural
medicine).
Author
Bhargav
Bhargav410   documents Email
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