Liver Cancer Therapeutics Market is Forecasted To Witness A Thriving Growth By 2026 World's Top Players Bayer AG, Bristol-Myers Squibb Company, Onyx Pharmaceuticals, Inc., Alnylam Pharmaceuticals, Inc., Pfizer Inc., F. Hoffmann-La Roche Ltd.

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 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. Other types of liver cancer such as hepatoblastoma and intrahepatic cholangiocarcinoma are less common. The incidence rate of liver cancer is high in the U.S., owing to the prevalence of cirrhosis caused by nonalcoholic fatty liver disease and chronic hepatitis C. 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 precursors 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.

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Liver cancer therapeutics Market – Driver

Increasing research to identify the causes of liver cancer is expected to boost the 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.

Increasing prevalence of liver cancer in various regions is expected to drive the growth of the market. For instance, according to the cancer research organization of UK, around 5,736 new cases of liver cancer were reported in the UK in 2015. Furthermore, according to the cancer organization, around 40,710 new cases of liver cancer was diagnosed in the U.S. during 2017, three of which will be hepatocellular carcinoma (HCC).

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 the dominant position over the forecast period, owing to increasing funding for research and development activities by the government. American Liver Foundation is an organization that promotes 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 the growth of the liver cancer therapeutics market.

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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 – Taxonomy

• By Drug Class:

Targeted Therapy
- Sorafenib (Nexavar)
- Regorafenib (Stivarga)

Immunotherapy
- Nivolumab (Opdivo)

Chemotherapy

• By Distribution Channel:

Hospital Pharmacies
Retail Pharmacies
Online Pharmacies

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