“Liver Disease Treatment Market is valued at USD 14.35 Billion in 2019 and expected to reach USD 27.64 Billion by 2025 with the CAGR of 11.54% over the forecast period.”
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Growing aging population, excessive alcohol consumptions and increasing prevalence of liver diseases are some of the major factors that are fueling the growth of Global Liver Disease Treatment Market.
Scope of the Liver Disease Treatment Market Report:
Treatment for liver disease depends on diagnosis. Some liver problems can be treated with lifestyle modifications, such as stopping alcohol use or losing weight. In some case, typically as a part of a medical program, careful monitoring of liver function is also done. Other liver problems may be treated with medications or may require surgery. Many conditions can affect liver, because of that medical treatment is important. These treatments are like antiviral drugs to treat hepatitis, steroids to reduce liver inflammation, blood pressure medication, antibiotics, and medications to target specific symptoms, such as itchy skin. For example; Disulfiram is used to treat alcoholics and can cause liver inflammation. Successful treatment for alcohol-related liver disease (ARLD) frequently depends on whether someone is willing to stop drinking alcohol and make changes to their lifestyle.
Global Liver Disease Treatment market report is segmented on the basis of product type, application and regional & country level. Based upon product type, liver disease treatment market is classified into toxic injury to the liver, infectious agents and parasites, immune disorders, tumors and inherited liver diseases. Based upon application, liver disease treatment market is classified into hospitals and specialty clinics.
The regions covered in this Global Liver Disease Treatment market report are North America, Europe, Asia-Pacific and Rest of the World. On the basis of country level market of liver disease treatment is sub divided into U.S., Mexico, Canada, UK, France, Germany, Italy, China, Japan, India, South East Asia, GCC, Africa, etc.
Liver Disease Treatment
Global Liver Disease Treatment market report covers prominent players are like,
- Abbott Laboratories
- Achillion Pharmaceuticals
- Antipodean Pharmaceuticals
- Bayer Healthcare Pharmaceuticals
- Bristol-Myers Squibb
- Conatus Pharmaceuticals
- Eli Lilly
Growing Aging Population, Excessive Alcohol Consumptions and Increasing Prevalence of Liver Diseases are the Major Factors Driving the Market Growth.
Growing aging population, excessive alcohol consumptions and increasing prevalence of liver diseases are some of the major factors expected driving the growth of liver disease treatment market. Structural dysfunction or alteration due to aging mainly leads to liver diseases. According to the National Institute of Aging, in 2050, 80% of older people will be living in low- and middle-income countries. The increasing rates of geriatric population have resulted in rise of the incidences of liver diseases which is further fostering the demand of liver disease treatment. According to World health organization Alcohol Use Disorders (AUD) accounts for a major part of neuropsychiatric disorders and contribute substantially to the global burden of disease. Alcohol dependence accounts for 71% of all alcohol-related deaths and for about 60% of social costs attributable to alcohol.
Additionally, the increasing prevalence of liver diseases is expected to drive the growth of this market. According to National Institutes of Health, Liver disease accounts for approximately 2 million deaths per year worldwide, 1 million due to complications of cirrhosis and 1 million due to viral hepatitis and hepatocellular carcinoma. However, stringent government regulations for the approval of drugs, high cost incurred in R&D and risks of side-effects associated with liver disease medicines may hamper the growth of the liver disease treatment market during the forecast period. In spite of that, advancement in rules and regulation and growing investment for the development of innovative drugs for liver diseases can provide an opportunity for the further growth of global liver disease treatment market.
North America is Expected to Dominate the Liver Disease Treatment Market
North America is expected to dominate the growth of liver disease treatment market due to increasing prevalence of liver diseases in this region. Chronic liver disease (CLD) and cirrhosis are major sources of morbidity and mortality in the United States. According to national Center for Biotechnology Information, The prevalence of cirrhosis in the United States was approximately 0.27%, corresponding to 6,33,323 adults. The Canadian Liver Foundation stated that one in 10 Canadians, or more than three million people, have some form of liver disease. Europe is second largest region in the global liver disease treatment market due to growing viral hepatitis, genetic disorders, unhealthy diet, and excessive alcohol consumption. Hepatitis B causes about 36,000 deaths and hepatitis C about 86,000 deaths per year in world health organization European Associate States.
Key Benefits for Global Liver Disease Treatment Market Report–
Global market report covers in depth historical and forecast analysis.
Global market research report provides detail information about Market Introduction, Market Summary, Global market Revenue (Revenue USD), Market Drivers, Market Restraints, Market opportunities, Competitive Analysis, Regional and Country Level.
Global market report helps to identify opportunities in market place.
Global market report covers extensive analysis of emerging trends and competitive landscape.
Global Liver Disease Treatment Market Segmentation:–
By Product Type: Toxic Injury to The Liver, Infectious Agents and Parasites, Immune Disorders, Tumors, Inherited Liver Diseases
By Application: Hospitals, Specialty Clinics
Regional & Country Analysis
North America, U.S., Mexico, Canada , Europe, UK, France, Germany, Italy , Asia Pacific, China, Japan, India, Southeast Asia, South America, Brazil, Argentina, Columbia, The Middle East and Africa, GCC, Africa, Rest of Middle East and Africa
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