Liver Disease Management Market to Witness Steady Growth Driven by Rising Prevalence and Advancements in Treatment

Insight Analytics Pvt. Ltd. announces the release of a market assessment report on the "Global Liver Disease Management Market (By Diagnosis (Endoscopy, Imaging, Biopsy, And Others.), Treatment (Anti-Viral Drugs, Targeted Therapy, Chemotherapy and Others) And End-Use (Clinics, Hospitals, Diagnostics Laboratories and Others))- Market Outlook and Industry Analysis 2031"

The global liver disease management market is estimated to reach over USD 43.47 Billion by the year 2031, exhibiting a CAGR of 7.06% during the forecast period.

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Liver disease refers to a range of conditions that impair the liver's ability to perform its essential functions. These conditions include hepatitis, cirrhosis, liver cancer, and liver abscesses (accumulation of pus). The global liver disease treatment market is primarily driven by the growing awareness generated by both government and non-government campaigns aimed at addressing liver-related health issues. Additionally, the increasing prevalence of liver diseases, particularly in regions such as Latin America and the Middle East, is expected to present significant opportunities for market growth during the forecast period.

However, the high costs associated with the development of medications for liver diseases pose a challenge to market expansion. Despite this, the rising number of government-led awareness initiatives is anticipated to positively influence the liver disease treatment market. The growing prevalence of liver conditions and the unmet clinical needs in liver disease management are key factors fueling the demand for treatment solutions. Furthermore, extensive clinical research focused on improving existing treatment options and developing new therapies is expected to broaden the market's growth prospects. Nonetheless, the limited availability of effective drugs and the high investment costs associated with drug development, particularly in developing countries, may constrain the market's expansion.

List of Prominent Players in the Liver Disease Management Market:
Abbott
AbbVie Inc.
F. Hoffmann-La Roche Ltd.
Bristol-Myers Squibb Company
Astellas Pharma Inc.
Lilly
Merck & Co., Inc.
Pfizer Inc.
Novartis AG
Johnson & Johnson Private Limited

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Market Dynamics:
Drivers:
The increasing prevalence of liver diseases can be attributed to several factors, including poor dietary habits, high-stress levels from demanding careers and personal lives, and irregular sleep patterns. Additionally, the rise in obesity rates, which heightens the risk of liver conditions, significantly contributes to the growth of the liver disease treatment market. Furthermore, the growing incidence of liver disorders, particularly those caused by the side effects of medications such as acetaminophen, is another factor driving market expansion.

Challenges:
A major constraint on the growth of the global liver disease treatment market is the substantial investment required for the development of effective pharmaceuticals. Moreover, stringent regulatory requirements imposed by authorities such as the Medicines and Healthcare products Regulatory Agency (MHRA) and the United States Food and Drug Administration (FDA) present additional challenges. The occurrence of adverse effects related to medications also raises concerns, further limiting market growth. Furthermore, the potential side effects of liver disease treatments are another significant hurdle for the industry.

Regional Trends:
North America is expected to capture a significant market share, driven by the increasing demand for advanced and novel therapies for liver diseases. Key factors contributing to this growth include the rising incidence of non-alcoholic fatty liver disease (NAFLD) and hepatitis, coupled with gaps in healthcare expertise and infrastructure. Additionally, the aging population and rising rates of obesity and overweight individuals are amplifying the risk of liver diseases, thereby driving the demand for treatment options in the region. Meanwhile, the Asia Pacific region also holds a considerable share of the liver disease treatment market, with a notable rise in alcohol consumption and the use of illicit drugs contributing to the growing incidence of liver conditions. These factors are expected to further propel market expansion in the region.

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Recent Developments:
• In March 2021, Boston Scientific represented positive data from the TARGET study of the TheraSphere Y-90 Glass Microspheres in patients with hepatocellular carcinoma (HCC), a common type of primary liver cancer. TheraSphere is a type of radioembolization that consists of millions of microscopic glass beads containing radioactive yttrium (Y-90).
• In Sept 2019, AbbVie announced that the U.S. Food and Drug Administration (FDA) had granted approval for MAVYRET® (glecaprevir/pibrentasvir) to shorten the once-daily treatment duration from 12 to 8 weeks in treatment-naïve, compensated cirrhotic, chronic hepatitis C (HCV) patients across all genotypes (GT1-6).

Segmentation of Liver Disease Management Market-
By Diagnosis
• Endoscopy
• Imaging
• Biopsy
• Others
By Treatment
• Anti-Viral Drugs
• Targeted Therapy
• Chemotherapy
• Others
By End-Use
• Clinics
• Hospitals
• Diagnostics Laboratories
• Others
By Region-
North America-
• The US
• Canada
• Mexico
Europe-
• Germany
• The UK
• France
• Italy
• Spain
• Rest of Europe
Asia-Pacific-
• China
• Japan
• India
• South Korea
• South East Asia
• Rest of Asia Pacific
Latin America-
• Brazil
• Argentina
• Rest of Latin America
Middle East & Africa-
• GCC Countries
• South Africa
• Rest of Middle East and Africa

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This release was published on openPR.