Hepatorenal Syndrome Treatment Market 2024 - Trend Analysis, Industry Growth, Key Players, Growth Opportunities And Outlook By 2033

The Business Research Company has recently revised its global market reports, now incorporating the most current data for 2024 along with projections extending up to 2033.

Hepatorenal Syndrome Treatment Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.

The Market Size Is Expected To Reach $18.56 billion In 2028 At A CAGR Of 6.1% :

The hepatorenal syndrome treatment market size has grown strongly in recent years. It will grow from $13.85 billion in 2023 to $14.67 billion in 2024 at a compound annual growth rate (CAGR) of 5.9%. The growth in the historic period can be attributed to automotive industry growth, aerospace sector requirements, advantages in material utilization, improved mechanical properties, stringent industry standards, efficiency and precision gains..

The hepatorenal syndrome treatment market size is expected to see strong growth in the next few years. It will grow to $18.56 billion in 2028 at a compound annual growth rate (CAGR) of 6.1%. The growth in the forecast period can be attributed to rise in renewable energy projects, growing demand for high-performance alloys, focus on sustainable manufacturing, expansion of oil and gas exploration, demand for high-performance components.. Major trends in the forecast period include integration of industry 4.0 technologies, research and development in forging techniques, customization for specific applications, automation in forging processes, innovations in heating and cooling technologies..

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Hepatorenal Syndrome Treatment Market Major Segments
The hepatorenal syndrome treatment market covered in this report is segmented -

1) By Type: Type 1 Hepatorenal Syndrome, Type 2 Hepatorenal Syndrome
2) By Treatment: Therapeutics, Surgical Treatment
3) By End-User: Hospitals And Clinics, Ambulatory Surgical Centers, Academic And Research Institutes, Other End-Users

Key Driver - Rising Incidences Of Liver Damage And Cirrhosis Fueling Growth In The Hepatorenal Syndrome Treatment Market

An increase in the incidences of patients with liver damage or cirrhosis is expected to propel the growth of the hepatorenal syndrome treatment market going forward. Cirrhosis is a severe form of liver disease in which scar tissue permanently replaces good liver tissue. Hepatorenal syndrome treatment aims to retain the patient's kidney function while alleviating symptoms and adverse effects of the disorder. These strategies may help to improve overall health and make you a better candidate for liver transplant surgery. For instance, in September 2022, according to a Fact Sheet published by the Centers for Disease Control and Prevention, a US-based Government agency, the number of adults with diagnosed liver disease in the US was 4.5 million. Moreover, according to Medscape, a website providing access to medical information, states ALD-related fatalities increased by 17.6% between 2019 and 2021, whereas NAFLD-related deaths climbed by 14.5%. Therefore, the increase in the incidences of patients with liver damage or cirrhosis is driving the growth of the hepatorenal syndrome treatment market.

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Prominent Trend - Increasing Emphasis On Research And Development Driving Advances In Hepatorenal Syndrome Treatment

Increasing research and development activities for hepatorenal syndrome treatment is a key trend gaining popularity in the hepatorenal syndrome treatment market. Companies operating in the hepatorenal syndrome treatment market are now focusing more on research and development to sustain their position in the market. For instance, in September 2022, Mallinckrodt Pharmaceuticals, an Ireland-based company specializing in developing, manufacturing, and distributing specialty products and therapies, announced the FDA approval for Terlivaz for an injection that helps adults with hepatorenal syndrome's kidney function. The Phase 3 CONFIRM trial, the largest-ever prospective research (n=300) done to evaluate the safety and efficacy of terlipressin in patients with HRS type 1 (HRS-1) in the U.S. and Canada, was a significant factor in the FDA's approval. Verified HRS Reversal, measured as an improvement in renal function, avoiding the need for dialysis, and short-term survival, was achieved by the CONFIRM trial's primary endpoint (p=0.012).

Hepatorenal Syndrome Treatment Market Players
Major companies operating in the hepatorenal syndrome treatment market report are Becton Dickinson and Company, BioVie Inc., Cumberland Pharmaceuticals Inc., Mallinckrodt Pharmaceuticals, Orphan Therapeutics LLC, ESP Pharma Inc., PharmaIN Corporation, Baxter International Inc., La Jolla Pharmaceutical Company, Noorik Biopharmaceuticals AG, Novartis AG, Zydus Lifesciences limited, Mount Sinai Health System Inc., NYU Langone Health, Max Healthcare Institute Limited, 3A Composites, Ocelot Bio Inc., New Medicon Pharma Lab Private Limited, Allergan plc, Arrowhead Pharmaceuticals, Stealth BioTherapeutics Inc., Eli Lilly and Company, Teva Pharmaceutical Industries Ltd., Vertex Pharmaceuticals Inc., Johnson & Johnson, Boehringer Ingelheim GmbH, Conatus Pharmaceuticals Inc., Catalyst Pharmaceuticals Inc., Bayer AG, Gilead Sciences Inc.

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Largest And Fastest Growing Region In The Market
North America was the largest region in the hepatorenal syndrome treatment market in 2023. Asia-Pacific is expected to be the fastest-growing region in the global hepatorenal syndrome treatment market during the forecast period. The regions covered in the hepatorenal syndrome treatment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

The Table Of Content For The Market Report Include:
1. Executive Summary
2. Hepatorenal Syndrome Treatment Market Report Structure
3. Hepatorenal Syndrome Treatment Market Trends And Strategies
4. Hepatorenal Syndrome Treatment Market - Macro Economic Scenario
5. Hepatorenal Syndrome Treatment Market Size And Growth
…..
27. Hepatorenal Syndrome Treatment Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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