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Global Chronic Liver Diseases Therapeutics Market Expected to Achieve 10.5% CAGR by 2029: Growth Forecast Insights
Use code ONLINE20 to get 20% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.How Large Will the Chronic Liver Diseases Therapeutics Market Size By 2025?
The market for therapeutics addressing chronic liver ailments has experienced a swift expansion lately, projected to increase its value from $14.38 billion in 2024 to $15.88 billion by the following year, reflecting a compound annual growth rate of 10.4% throughout this timeframe; this upward trajectory during the past period is attributable to several factors, including the rising occurrence of viral hepatitis, escalating obesity levels, an aging demographic, heightened consciousness regarding liver wellness, and broader patient availability for therapeutic interventions.
How Big Is the Chronic Liver Diseases Therapeutics Market Size Expected to Grow by 2029?
Anticipated swift expansion is projected for the market encompassing treatments for persistent liver ailments, with valuations set to achieve $23.63 billion by 2029, reflecting a steady compound annual growth rate of 10.5%; this upward trajectory is fueled by several key factors, including augmented attention towards individualized medical approaches, a continually developing assortment of innovative treatments, wider adoption of remote healthcare and digital support systems, escalating calls for initiatives aimed at averting liver conditions, and the increasing prevalence of viral hepatitis, alongside prominent market developments such as incorporating artificial intelligence into diagnostic procedures, the emergence of biological and gene-based interventions, a push for less invasive therapeutic avenues, utilization of combined treatment protocols, and the broadening of care frameworks centered around the patient's needs.
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Which Key Market Drivers Powering Chronic Liver Diseases Therapeutics Market Expansion and Growth?
The expanding intake of alcoholic beverages, defined as the consumption of ethanol-containing drinks across a spectrum from moderate to heavy use, is anticipated to be a key catalyst for the expansion of the chronic liver disease therapeutics sector moving ahead. This heightened consumption level is attributable to factors such as broader societal acceptance, enhancements in disposable income, and improved availability globally. Therapeutics designed for chronic liver ailments serve a vital role in addressing the liver impairment resulting from overindulgence in alcohol, aiming to decelerate the advance of the condition and enhance hepatic performance. To illustrate this trend, data from the US financial entity First Citizens Bank indicated in June 2024 that direct-to-consumer (DTC) wine case sales experienced a 1.2% year-over-year rise in 2023 when compared to 2022 figures. Furthermore, in December 2023, a report released by the Japanese beverage firm Kirin Holdings Company Limited revealed that global beer consumption reached approximately 192.1 million kiloliters in 2022, marking a 2.9% increment compared to the preceding year. Consequently, the upward trajectory in alcohol consumption directly fuels the market development for chronic liver disease therapeutics.
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Which Fast-Growing Trends Are Poised to Disrupt the Chronic Liver Diseases Therapeutics Market?
Key players within the chronic liver diseases therapeutic arena are directing their efforts toward pioneering sophisticated advancements, notably employing RNA-based interventions designed to address fundamental genetic and molecular pathways, thereby facilitating more efficacious and tailored patient care. Such RNA treatments represent cutting-edge medical modalities that utilize RNA molecules to modulate gene expression or halt protein synthesis, with the objective of managing or precluding illnesses through the targeting of specific genetic processes. Illustratively, during May of 2022, the United Kingdom's biotechnology firm, Ochre Bio, inaugurated its novel 'Liver ICU' investigative center situated at BioLabs@NYULangone, which functions as a biopharmaceutical incubator within New York City. This highly modernized location is dedicated to evaluating the performance of emerging RNA-based therapeutics by employing complete human livers kept viable through perfusion apparatus. Through the strategic utilization of livers donated but otherwise slated for disposal, this center seeks to expedite the progression of pharmaceutical development while simultaneously enhancing the accuracy of liver treatment investigations by closely mimicking native human bodily functions.
What Are the Emerging Segments in the Chronic Liver Diseases Therapeutics Market?
The chronic liver diseases therapeuticsmarket covered in this report is segmented -
1) By Treatment Type: Antiviral Drugs; Immunosuppressants Vaccines; Immunoglobulins; Corticosteroids; Targeted Therapy; Chemotherapy
2) By Disease Type: Hepatitis; Autoimmune Diseases; Non-Alcoholic Fatty Liver Disease; Cancer; Genetic Disorders
3) By Application: Hospital Pharmacies; Retail Pharmacies; Online Pharmacies
Subsegments:
1) By Antiviral Drugs: Nucleoside Or Nucleotide Analogues; Interferons; Direct-Acting Antivirals
2) By Immunosuppressants: Calcineurin Inhibitors; mTOR Inhibitors; Purine Synthesis Inhibitors
3) By Vaccines: Hepatitis A Vaccine; Hepatitis B Vaccine; Combination Hepatitis Vaccines
4) By Immunoglobulins: Hepatitis B Immune Globulin; Intravenous Immunoglobulin
5) By Corticosteroids: Prednisolone; Methylprednisolone; Dexamethasone
6) By Targeted Therapy: Tyrosine Kinase Inhibitors; Monoclonal Antibodies
7) By Chemotherapy: Systemic Chemotherapy; Transarterial Chemoembolization Agents
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Who Are the Global Leaders in the Chronic Liver Diseases Therapeutics Market?
Major companies operating in the chronic liver diseases therapeutics market are F. Hoffmann-La Roche AG, Merck & Co. Inc., AbbVie Inc., Bristol-Myers Squibb Company, Novartis AG, GlaxoSmithKline plc, Takeda Pharmaceutical Company Limited, Eli Lilly and Company, Gilead Sciences Inc., Novo Nordisk A/S, Dr. Reddy's Laboratories Ltd., Vir Biotechnology Inc., Alnylam Pharmaceuticals Inc., Indian Immunologicals Limited, Intercept Pharmaceuticals Inc., Viking Therapeutics Inc., Ascletis Pharma Inc., Ochre Bio Limited, Tiziana Life Sciences Ltd., Antios Therapeutics Inc.
Which are the Top Profitable Regional Markets for the Chronic Liver Diseases Therapeutics Industry?
North America was the largest region in the chronic liver diseases therapeutics market in 2024. The regions covered in the chronic liver diseases therapeutics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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