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Global Liver Cancer Treatment Market is expected to grow at a CAGR of 19.85% during the forecast period from 2019-2025

Global Liver Cancer Treatment Market 2019, Global Liver Cancer Treatment Market Growth , Global Liver Cancer Treatment Market
Availability of novel drugs and treatments coupled with rising awareness among the people regarding liver cancer are the factors that are driving the market growth.
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"Global Liver Cancer Treatment Market by Therapeutic Class (Targeted Therapy, Immunotherapy, Chemotherapy), Distribution Channel, Regions",and Global Forecast 2018-2025
Major players in the global liver cancer treatmentmarket are Bayer AG, Bristol-Myers Squibb Company, Eisai, Exelixis, Merck, Onyx PharmaceuticalsInc, Alnylam Pharmaceuticals, Inc, Pfizer Inc, F. Hoffmann-La Roche Ltd., JennerexBiotherapeuticsInc, Celsion Corp, ArQuleInc, 4SC AG, Schering Pharma AG, and Merck Pharmaceuticals, and among others. Growth government funding has provided a fillip to the for the cancer treatment research activities. For instance in 2019, UC San Francisco announced its successful lab experiment to beat the aggressive liver cancer. Traditionally, targeted cancer therapies aim to disable proteins borne of cancer-causing genes. Instead, the UCSF scientists prevented these proteins, from being built in the first place.
Therapeutic class is segmented into targeted therapy, immunotherapy and chemotherapy. As Nexavar, a targeted therapy drug is the only approved targeted therapeutic treatment that is available for the treatment of the advanced stage liver cancer, the targeted therapy segment emerged as the largest segment with a 43.86% share of revenue in 2017. Due to its increasing adoption in the combination drug treatments the immunotherapy segment is projected to grow at a CAGR of 21.63% over the forecast period. Distribution channel is divided into hospital pharmacies, retail pharmacies and online pharmacies. On account of easy availability and convenience the online pharmacy segment is projected to grow at a CAGR of 21.93% over the forecasted period.
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Factors such as rising incidence of liver cancer and growing research activities for developing novel treatments coupled with increasing government funding for the cancer treatment research are driving the global liver cancer treatment market. Whereas, high research and development cost as well as stringent drug approval process and adverse side effects associated with cancer treatment medications are projected to hamper the market growth.
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