Liver Cancer Therapeutics Market Projected to Grow Steadily During 2018-2026

Liver Cancer Therapeutics Market Pipeline Insight
and Therapeutic Assessment Reviewed by 2018-2026
Liver Cancer Therapeutics Market, by Drug Class (Targeted Therapy (Sorafenib
(Nexavar), Regorafenib (Stivarga)), Immunotherapy (Nivolumab (Opdivo)), and
Chemotherapy), by Distribution Channel (Hospital Pharmacies, Retail
Pharmacies, and Online Pharmacies) and by Geography - Global Industry
Insights, Trends, Outlook, and Opportunity Analysis 2018-2026
Liver cancer is a type of malignant hepatic tumor in or on the liver, which may cause due to excessive
alcohol intake, diabetes, certain inherited liver diseases, and hepatitis. Symptoms of this cancer appears
only when it is in the advanced stage. The most common type of liver cancer is hepatocellular
carcinoma, which begins in the main type of liver cell. Other types of liver cancer such as
hepatoblastoma and intrahepatic cholangiocarcinoma are less common. Incidence rate of liver cancer is
high in the U.S., owing to prevalence of cirrhosis caused by nonalcoholic fatty liver disease and
chronic hepatitis C. Click To Read More On Liver cancer therapeutics Market
According to American Cancer Society 2017, Liver cancer is the 10th most common cancer and fifth
most common cause of death among men in the U.S. Also, it is the eighth most common cause of death
among women. Colorectal cancer is expected to be one of the precursor for liver cancer. According to
International Scholarly Research Network, a clinical study on Percutaneous Cryoablation of Metastatic
Lesions from Colorectal Cancer in 2012: Efficacy and Feasibility with Survival and Cost-Effectiveness
Observations, around 50% of the patient suffering from colorectal cancer develop liver cancer.
Liver cancer therapeutics Market – Driver
Increasing research to identify the causes of liver cancer is expected to boost growth of the liver cancer
therapeutics market during the forecast period. For instance, in November, 2014, researchers at the San
Diego School of Medicine and University of California found that long-term exposure to triclosan, a
common ingredient in detergents and soaps, causes liver fibrosis and cancer in laboratory mice.
However, triclosan has not been proven to cause liver cancer in human and it is currently under
scrutiny by the Food and Drug Administration (FDA) to determine whether it has negative health
impacts.
Organic and inorganic strategies by market players such as merger, collaboration, acquisition, and
research and development for developing new therapies for liver cancer is expected to boost growth of
the market. For instance, in 2013, Roche and Inovio Pharmaceuticals, Inc. entered into license
agreement to research, develop and commercialize Inovio’s highly-optimized, multi-antigen DNA
immunotherapies targeting hepatitis B and prostate cancer. It has also been shown that liver cancer risk
increases substantially with the increase in Body Mass Index (BMI) of an individual. More than half of
the adult population in the U.S. is overweight, which is propelling demand for therapeutic drugs of
liver cancer, which in turn is creating opportunities for manufacturers.
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Liver cancer therapeutics Market – Competitor
The market players operating in liver cancer therapeutics market include Bayer AG, Bristol-Myers
Squibb Company, Onyx Pharmaceuticals, Inc., Alnylam Pharmaceuticals, Inc., Pfizer Inc., F.
Hoffmann-La Roche Ltd., Jennerex Biotherapeutics Inc., and Celsion Corp.
Liver cancer therapeutics Market - Regional Analysis
Geographically, global liver cancer therapeutics market is segmented into North America, Latin
America, Europe, Asia Pacific, Middle East, and Africa. North America is expected to hold dominant
position over the forecast period, owing to increasing funding for research and development activities
by government. American Liver Foundation is an organization that promote education, support and
research for the prevention, treatment, and cure of liver disease and since 1979, this organization has
provided more than US$ 26 million in research funding. Furthermore, liver cancer is more common in
economies of Sub-Saharan Africa and Southeast Asia as compared to the U.S. According to
GLOBOCAN, in 2012, around 83% (50% in China alone) of the estimated 782,000 new cancer cases
were reported worldwide. Moreover, in Sub Saharan African countries, the risk of developing cancer
and death from the same is high, owing to the late stage diagnosis and lack of treatment, which is
driving growth of the liver cancer therapeutics market.
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Liver cancer is a type of malignant hepatic tumor in or on the liver, which may cause due to excessive alcohol intake, diabetes, certain inherited liver diseases, and hepatitis. Symptoms of this cancer appears only when it is in the advanced stage.