A recent report published by Infinium Global Research on liver diseases therapeutics market provides an in-depth analysis of segments and sub-segments in the global as well as regional liver diseases therapeutics market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional liver diseases therapeutics market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global liver diseases therapeutics market. According to the report, the global liver diseases therapeutics market is projected to grow at a CAGR of 6.3% over the forecast period of 2019-2025.
Globally, more than fifty million people are affected by liver diseases. Seeking treatment as soon as possible is critical when it comes to several liver diseases. Several common liver diseases can cause the organ to become inflamed. This inflammation can progress to scarring or cirrhosis. Therefore, the global market for the liver disease therapeutics market is expected to grow at a success rate over the upcoming years.
The rising prevalence of liver fibrosis and liver diseases drives the growth of the liver disease therapeutics market. The global prevalence of cirrhosis from autopsy studies ranges from 4.5% to 9.5% of the general population. Furthermore, the shifting lifestyle trends such as unhealthy diet, physical inactivity, cigarette smoking, and harmful use of alcohol are the major factors responsible for the increasing occurrences of several liver diseases. In addition, an increased risk of liver damage among the growing obese population also supports the growth of the market. Besides that, the growing number of pipeline drugs for liver diseases boosts the growth of the liver diseases therapeutics market. However, the high cost of treatment of liver diseases restricts the growth of the liver disease therapeutics market. Moreover, the increasing number of clinical trials to innovate new drugs create numerous growth opportunities for the liver diseases therapeutics market.
Geographically, North America holds the maximum market share in the liver diseases therapeutics market and is expected to remain the dominant region over the forecast period owing to the rise in liver diseases in the U.S. and Canada. In the U.S., 4.5 million people are affected by liver diseases. The unhealthy eating habits of Americans also increase the risk of liver diseases, thereby providing growth opportunities for the liver diseases therapeutics market players. Moreover, Asia Pacific regions are also to gain a rapid development in the liver diseases therapeutics market owing to the changing lifestyle, increasing consumption of alcohol and cigarette smoking in Asian countries such as India, Japan, Thailand, and several others.
The report on global liver diseases therapeutics market covers segments such as treatment type, and end-users. On the basis of treatment type, the sub-markets include anti viral drugs, targeted therapy, immunosuppressant drugs, chemotherapy drugs, immunoglobulin, corticosteroids, and others. On the basis of end-users, the sub-markets include hospitals, and ambulatory surgery centers.
The report provides profiles of the companies in the market such as Gilead Science Inc., Bayer AG, AstraZeneca plc, Merck & Co. Inc., GlaxoSmithKline plc, Sanofi, Pfizer Inc., F. Hoffmann-La Roche AG, Novartis AG, and Johnson & Johnson Private Limited.
The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of liver diseases therapeutics market. Moreover, the study highlights current market trends and provides forecast from 2019-2025. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.
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