Press release
Global Advanced Liver Cancer Market Projected to Surpass $3.78 Billion by 2029 with 14.8% Annual Growth
Advanced Liver Cancer Market Size
The upward trend in long-term hepatitis infections is set to foster the development of the advanced liver cancer market in the future. Long-term hepatitis infections, which are persistent viral infections that last for over six months, can lead to liver damage, cirrhosis, and liver cancer. The rise in these long-term hepatitis infections owes to elements such as insufficient screening and vaccination measures, as well as hindered access to timely treatment. Chronic hepatitis B (HBV) or hepatitis C (HCV) infections constitute some of the primary precursors to liver cirrhosis and hepatocellular carcinoma (HCC), the most prevalent type of liver cancer. These long-lasting viral infections can cause liver inflammation, liver damage, and eventually cancer over an extended period. With their widespread occurrence, the number of individuals liable to develop advanced liver cancer is increasing. For example, in April 2024, the Switzerland-based intergovernmental organization World Health Organization highlighted that in 2022 chronic hepatitis B affected 254 million people globally with 1.2 million new cases each year. Consequently, the surging prevalence of long-term hepatitis infections is propelling the expansion of the advanced liver cancer market.
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How will the growth rate of the advanced liver cancer market shape industry trends by 2034?
In recent years, the market size for advanced liver cancer has seen a quick expansion. The market is forecasted to surge from $1.89 billion in 2024 to $2.17 billion in 2025 with a compound annual growth rate (CAGR) of 15.2%. The growth witnessed during the historical period is primarily due to rising awareness about liver cancer, an escalating number of patients, an increased need for targeted treatments, enhanced healthcare infrastructure, and a growing preference for minimally invasive procedures.
Experts predict a swift enlargement of the advanced liver cancer market in the immediate future, with an estimated projected worth of $3.78 billion by the year 2029 and a compound annual growth rate of 14.8%. Various factors contribute to this anticipated growth, such as the escalating number of liver cancer incidence, enhanced healthcare expenditure, a rise in the occurrence of genetic conditions, growing reliance on precision medicine, and increased usage of screening and diagnostic tests. Some prevalent trends to watch for within this period are artificial intelligence's usage in treatment plans, the proliferation of innovative drugs and therapies, increased research and development endeavors, advances in targeted therapeutics, and surging demand for personalized medicine.
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What trends are poised to drive the future success of the advanced liver cancer market?
Leading enterprises in the advanced liver cancer market are intent on developing novel drugs such as human monoclonal antibodies. These strategies are tailored to enhance treatment effectiveness and reduce adverse effects, leading to improved patient recovery. A human monoclonal antibody is a laboratory-engineered molecule designed to emulate the body's immune system's role in battling harmful pathogens or cancerous cells. It zeroes in on specific antigens found on the surface of these detrimental bodies to provoke an immune retaliation. For example, in October 2022, AstraZeneca, a pharmaceutical conglomerate based in the US, publicized that the US Food Drug Administration (FDA) bestowed approval to Imjudo (tremelimumab) to be administered in combination with Imfinzi (durvalumab) for adult patients suffering from unresectable hepatocellular carcinoma (HCC), which is the most prevalent variety of liver cancer. This sanction was given following the encouraging results from the HIMALAYA Phase III trial, which affirmed that this combined treatment lessened the mortality risk by 22% in comparison to sorafenib. Remarkably, about 31% of the patients survived after three years in contrast to the 20% survival rate amongst those treated with sorafenib. Known as the STRIDE regimen, it comprises an initial dose of Imjudo succeeded by regular administrations of Imfinzi every four weeks. This presents a novel treatment alternative for patients who have minimal options at their disposal.
Which primary segments of the advanced liver cancer market are driving growth and industry transformations?
The advanced liver cancer market covered in this report is segmented -
1) By Test Type: Imaging Test, Biopsy, Genomic Test, Other Test Types
2) By Technology: Fluorescent In Situ Hybridization, Next Generation Sequencing, Fluoroimmunoassay, Comparative Genomic Hybridization, Immunohistochemical, Other Technologies
3) By Distribution Channel: Direct Tenders, Retail Sales, Other Distribution Channel
4) By Application: Screening, Diagnostic And Predictive, Prognostic, Research
5) By End-User: Hospitals, Cancer Research Centers, Academic Institutes, Diagnostic Centers, Ambulatory Surgical Centers, Other End-Users
Subsegments:
1) By Imaging Test: Ultrasound, CT (Computed Tomography) Scan, MRI (Magnetic Resonance Imaging), PET (Positron Emission Tomography) Scan
2) By Biopsy: Needle Biopsy, Laparoscopic Biopsy, Surgical Biopsy
3) By Genomic Test: Next-Generation Sequencing (NGS), PCR (Polymerase Chain Reaction) Testing, Genetic Mutation Profiling
4) By Other Test Types: Serum Biomarker Testing, Liver Function Tests, Alpha-Fetoprotein (AFP) Test, Elastography Tests
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Which geographical regions are pioneering growth in the advanced liver cancer market?
North America was the largest region in the advanced liver cancer market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the advanced liver cancer market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Who are the influential players reshaping the advanced liver cancer market landscape?
Major companies operating in the advanced liver cancer market are Pfizer Inc., F. Hoffmann-La Roche AG, Merck Co. Inc., Bayer AG, Sanofi S.A., Bristol-Myers Squibb Company, AstraZeneca plc, Novartis AG, Eli Lilly and Company, Stryker Corporation, Agilent Technologies Inc., Eisai Co. Ltd., Jiangsu Hengrui Pharmaceutical Co. Ltd, Exelixis Inc., Sirtex Medical Limited, Eureka Therapeutics, Abbisko Therapeutics Co. Ltd., Binhui Biopharmaceutical Co. Ltd., Tempest Therapeutics Inc., Auransa Inc., Mina Alpha Limited, Inc.
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What Is Covered In The Advanced Liver Cancer Global Market Report?
•Market Size Forecast: Examine the advanced liver cancer market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the advanced liver cancer market for a structured understanding.
•Key Players Overview: Analyze major players in the advanced liver cancer market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the advanced liver cancer market.
•Segment Contributions: Evaluate how different segments drive overall growth in the advanced liver cancer market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the advanced liver cancer market.
•Industry Challenges: Identify potential risks and obstacles affecting the advanced liver cancer market.
•Competitive Landscape: Review strategic developments in the advanced liver cancer market, including expansions, agreements, and new product launches.
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