Press release
Alcoholic Hepatitis Treatment Market Size, Share, Trends, Analysis, Forecast 2024-2033
Alcoholic Hepatitis Treatment
The Business Research Company presents an extensive market research report on the Alcoholic Hepatitis Treatment Global Market Report 2024, furnishing businesses with a competitive edge through a detailed examination of the market structure, encompassing estimates for various segments and sub-segments.
Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the industry. This report market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.
Market Sizing:
The alcoholic hepatitis treatment market size has grown strongly in recent years. It will grow from $2.95 billion in 2023 to $3.18 billion in 2024 at a compound annual growth rate (CAGR) of 7.9%. The growth in the historic period can be attributed to high prevalence of alcohol abuse, increased awareness and diagnostics, government initiatives on alcoholism, increased healthcare expenditure, public health campaigns.
The alcoholic hepatitis treatment market size is expected to see strong growth in the next few years. It will grow to $4.32 billion in 2028 at a compound annual growth rate (CAGR) of 7.9%. The growth in the forecast period can be attributed to emerging therapies and drug pipeline, precision medicine approaches, growing understanding of disease pathogenesis, increasing focus on liver health, public health policies addressing alcohol abuse. Major trends in the forecast period include personalized medicine approaches, liver transplantation trends, telemedicine and remote monitoring, collaborative research initiatives, innovative drug solutions.
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Key Market Players:
Major companies operating in the alcoholic hepatitis treatment market report are Pfizer Inc., Johnson & Johnson Services Inc., F. Hoffmann-La Roche Ltd., AbbVie Inc., Novartis AG, Sanofi PLC, Bristol-Myers Squibb Company, GlaxoSmithKline Plc, Torrent Pharmaceuticals Ltd., Takeda Pharmaceutical Company Limited, Gilead Sciences Inc., Merck KGaA, Viatris Inc., Teva Pharmaceutical Industries Ltd., AstraZeneca Plc, Cadila Pharmaceuticals, Sun Pharmaceutical Industries Ltd., Mylan Inc., Dr. Reddy's Laboratories Ltd., Cipla Ltd., Hikma Pharmaceuticals PLC, Mallinckrodt Pharmaceuticals, Alkermes PLC, Intercept Pharmaceuticals Inc., Apotex Inc., Durect Corp.
Market Drivers:
The increased prevalence of liver diseases caused by alcohol consumption is expected to propel the growth of the alcoholic hepatitis treatment market going forward. Alcoholic liver disease is the result of the liver's function being damaged. The liver performs numerous bodily processes, such as cleansing the blood and generating bile to aid digestion. Alcoholic hepatitis treatment is used to treat some patients with this condition's liver inflammation. It may be required to receive therapy in a hospital for those with severe alcoholic hepatitis. For instance, in December 2021, according to the National Library of Medicine, a US-based biomedical library run by the federal government, By 2040, it is predicted that an increase in alcohol use of one year during the COVID-19 pandemic will result in 8,000 more cases of alcohol-related liver disease-related deaths, 18,700 cases of liver failure, and 1,000 cases of liver cancer. Therefore, the increased prevalence of liver diseases caused by alcohol is driving the growth of the alcoholic hepatitis treatment market.
Learn More About The Market Report -
https://www.thebusinessresearchcompany.com/report/alcoholic-hepatitis-treatment-global-market-report
The alcoholic hepatitis treatment market covered in this report is segmented -
1) By Treatment: Drug Treatment, Stem Cell Therapy
2) By Drug Class: Corticosteroids, Hemorheologic Agents, Monoclonal Antibodies, Anabolic Steroids, Other Drug Classes
3) By Route of Administration: Oral, Injectable
4) By Application: Hospital, Clinic, Private Treatment Center
The report answers the following questions:
What are the primary factors propelling the market during the projected period?
In which region is the most substantial growth expected?
Which trend will take center stage in the upcoming period?
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