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Liver Metastases Treatment Market 2024 - By Industry Demand, Leading Players, Regional Overview And Forecast To 2033
Liver Metastases Treatment Market
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According to The Business Research Company's, The liver metastases treatment market size has grown strongly in recent years. It will grow from $1.45 billion in 2023 to $1.57 billion in 2024 at a compound annual growth rate (CAGR) of 8.5%. The growth in the historic period can be attributed to expansion of personalized medicine, expanded access to healthcare, enhanced multidisciplinary care, clinical trials and research initiatives.
The liver metastases treatment market size is expected to see strong growth in the next few years. It will grow to $2.19 billion in 2028 at a compound annual growth rate (CAGR) of 8.6%. The growth in the forecast period can be attributed to patient-centric care models, precision medicine, shift towards outpatient, ambulatory care and regulatory initiatives. Major trends in the forecast period include next-generation sequencing technologies, immuno-oncology advancements, emergence of liquid biopsy technologies and adjuvant therapies.
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Market Drivers and Trends:
The growing demand for automation is expected to propel the growth of the healthcare mobile robot market going forward. Automation refers to the use of technology, such as machinery, software, or robotics, to perform tasks or processes with minimal human intervention. Automation is growing due to advancements in technology, increasing demand for efficiency and productivity, and the need to mitigate labor shortages and reduce operational costs. The growing demand for automation is utilized in healthcare mobile robots to optimize tasks such as logistical support and direct patient care, thereby enhancing operational efficiency and improving patient outcomes. For instance, in October 2022, according to a report published by the International Federation of Robotics, a Germany-based professional non-governmental organization, factories worldwide saw the deployment of 517,385 new industrial robots, a significant increase from the approximately 39,400 new industrial robots recorded in 2020. Therefore, the growing demand for automation is driving the growth of the healthcare mobile robot market.
Major companies operating in the liver metastases treatment market are focusing on introducing liver-directed therapies to offer effective and convenient treatments. Liver-directed therapies refer to medicines or interventions that directly target diseases or conditions affecting the liver. Liver-directed therapies help treat liver metastases by targeting cancerous cells specifically in the liver, either by directly destroying them or by cutting off their blood supply, using methods such as surgical resection, radiofrequency ablation, transarterial chemoembolization, radioembolization, and stereotactic body radiation therapy. For instance, in August 2023, Delcath Systems Incorporated, a US-based interventional oncology company, launched Hepzato kit, a liver-directed treatment for adult patients with metastatic uveal melanoma (mUM) with unresectable hepatic metastases affecting less than 50% of the liver and no extrahepatic disease, or limited extrahepatic disease amenable to resection or radiation. Hepzato kit is a combination product that administers melphalan, a chemotherapeutic agent, directly to the liver through Delcath's Hepatic Delivery System (HDS), which allows higher drug exposure in target tissues while limiting systemic toxicity.
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Major Key Players of the Market:
Pfizer Inc., Johnson & Johnson, F. Hoffmann-La Roche AG, Merck & Co., AbbVie Inc., Bayer AG, Sanofi S.A., Novartis AG, Bristol Myers Squibb, AstraZeneca plc, Eli Lilly and Company, Amgen Inc., Boehringer Ingelheim, Gilead Sciences Inc., Takeda Pharmaceutical Company, Astellas Pharma Inc., Daiichi Sankyo Company Ltd., Eisai Co. Ltd., Incyte Corporation, Ipsen, Seattle Genetics, Exelixis Inc., Array BioPharma Inc., Genentech Inc., Clovis Oncology, Agios Pharmaceuticals Inc., Taiho Pharmaceutical Co.Ltd
Liver Metastases Treatment Market 2024 Key Insights:
• The liver metastases treatment market size is expected to see strong growth in the next few years. It will grow to $2.19 billion in 2028 at a compound annual growth rate (CAGR) of 8.6%.
• Rising Liver Disease Cases Drive Growth In Liver Metastases Treatment Market
• Advancements In Liver Metastases Treatment
• North America was the largest region in the liver metastases treatment market in 2023
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