Liver Disease Treatment Market to Hit $19,536 million by upcoming Years | GlaxoSmithKline plc, Merck & Co. Inc, Sanofi AG, Pfizer Inc.
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The report segments the global liver disease market based on treatment type and geography. Based on the treatment type, the market is divided into anti-rejection drugs/immunosuppressants, chemotherapy drugs, targeted therapy, vaccines, anti-viral drugs, immunoglobulins, and corticosteroids. The antiviral drugs segment accumulated the highest revenue in 2014 and is expected to continue its dominance through 2022. Meanwhile, the corticosteroids drug segment is projected to grow at the fastest rate, registering a CAGR of 16.5% during the forecast period.
Key findings of the study:
Corticosteroids drug is projected to be the fastest growing segment, registering a CAGR of 16.49% during the forecast period.
North America is expected to lead the market throughout 2022 and is projected to grow at a CAGR of 11.89%, during 2016 and 2022.
Asia-Pacific is expected to grow with a CAGR of around 12.51%, due to increasing prevalence of liver diseases and increasing R&D investments in this region.
Get detailed COVID-19 impact analysis on the Liver Disease Treatment Market:
Key players in the industry-
Gilead Science Inc.
Merck & Co. Inc
Bristol-Myers Squibb Company
Johnson & Johnson Private Limited.
North America and Europe collectively accounted for more than two-fourth of the total liver disease treatment market in 2015, and are expected to maintain their position throughout the forecast period. This is due to the increasing prevalence of liver diseases, growing geriatric population, and increased awareness about the various liver diseases and their treatment in these regions. In addition, advancement in R&D is anticipated in the development of novel drug therapy for the treatment of liver diseases.
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