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Hepatocellular Carcinoma Drugs Market - Future Growth Strategies 2028 | Novartis Pharmaceuticals, Bristol-Myers Squibb Company

06-17-2019 01:54 PM CET | Health & Medicine

Press release from: TMR Research

TMR Research

TMR Research

Global Hepatocellular Carcinoma Drugs Market: Overview

Hepatocellular carcinoma is commonly known as malignant hepatoma. It is a condition mostly found in patients with chronic liver diseases such as cirrhosis, hepatitis B, hepatitis C, diabetes, and obesity. Due to the existence of this health condition, a distinct hepatocellular carcinoma drugs market exists from a global perspective. Liver cancer primarily arises from hepatocytes or the hepatic stem cells. Hepatic malignant tumors can spread in the intrahepatic region. These tumors can be detected by imaging tests such as CT scan, ultrasound, MRI, and liver biopsy. Treatment for hepatocellular carcinoma includes chemotherapy, radiation therapy, and targeted drug therapy.

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Hepatocellular carcinoma results in the end-stage of liver dysfunction, thus increasing the mortality rate of the patient. Therefore, early detection of the cancer is important to elongate the survival period of affected patients. Routine liver function tests help in the early detection of hepatocellular carcinoma.

Global Hepatocellular Carcinoma Drugs Market: Trends and Opportunities

Rising incidences of hepatocellular carcinoma and increasing number of deaths due to liver cancer primarily drive the global hepatocellular carcinoma drugs market. Hepatocellular carcinoma is one of the most common types of cancer worldwide. Rising incidences of viral infections such as hepatitis B and hepatitis C are primary factors boosting growth in the global hepatocellular carcinoma drugs market. Apart from this, increasing intake of aflatoxin and paracetamols, growing alcohol consumption, and rising metabolic disorders are also expected to fuel growth in the market. The clinical advancements integrated with novel drugs for treating hepatocellular carcinoma is believed to provide a notable thrust to the global hepatocellular carcinoma drugs market’s progress.

A trend in increasing R&D activities for liver cirrhosis or hepatocellular carcinoma medication, and the demand for better-tolerated drugs also propels expansion in the global hepatocellular carcinoma drugs market.

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Many newly developed drugs cater the unmet medical needs for hepatocellular carcinoma. However, the side effects of these drugs include constipation, anemia, pneumonia, and low white blood cell count. These effects comprise a major hindrance to the global hepatocellular carcinoma drugs market’s growth. Nonetheless, occurrence of noticeable health improvements have been noted in many cases after intake of the drugs. This could make the global hepatocellular carcinoma drugs market offset most of the restraints in future.

Global Hepatocellular Carcinoma Drugs Market: Market Potential

Drug therapies carried out in hepatocellular carcinoma treatments are known to induce massive improvement in survival for patients. This is mainly due to less effectiveness of standard treatments that involve monoclonal antibodies or immunological processes. Rising investments of pharmaceuticals companies in R&D for anticancer drugs is expected to fuel growth in the global hepatocellular carcinoma drugs market. Hepatocellular carcinoma drugs are widely adopted in hospitals, clinics, and also at cancer rehabilitation centers. The drug treatment targets slowing down or stopping growth of cancer cells. Easy to swallow, low costs, and non-painful treatment are some of the benefits believed to boost the global hepatocellular carcinoma drugs market.

Global Hepatocellular Carcinoma Drugs Market: Regional Outlook

Region wise, North America could lead the global hepatocellular carcinoma drugs market owing to a rising prevalence of numerous deadly diseases in the region. Growing ventures of R&D, rapid clinical advancement, and rising population could also be responsible for driving the global hepatocellular carcinoma drugs market in the region. Other prominent regions in the market are Europe, Asia Pacific, Africa and the Middle East and Africa

Global Hepatocellular Carcinoma Drugs Market: Competitive Dynamics

Some of the prominent players operating in the market are Novartis Pharmaceuticals, Bristol-Myers Squibb Company, Johnson & Johnson, and Amgen. The upcoming report targets to unveil their market share, products, and geographical outreach.

About TMR Research:

TMR Research is a premier provider of customized market research and consulting services to business entities keen on succeeding in today’s supercharged economic climate. Armed with an experienced, dedicated, and dynamic team of analysts, we are redefining the way our clients’ conduct business by providing them with authoritative and trusted research studies in tune with the latest methodologies and market trends.

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