Market Overview

North America Liver Disease Treatment Market to Hit $8.31 Bn, by 2027, at 5.2% CAGR: AMR

Share:

PORTLAND, Ore., Oct. 27, 2020 /PRNewswire/ -- Allied Market Research published a report, titled, "North America Liver Disease Treatment Market by Treatment Type (Antiviral Drugs, Immunosuppressants, Vaccines, Immunoglobulins, Corticosteroids, Targeted Therapy, and Chemotherapy) and Disease Type (Hepatitis, Autoimmune Diseases, Non-Alcoholic Fatty Liver Disease, Cancer, Genetic Disorders, and Others): Opportunity Analysis and Industry Forecast, 2020–2027" . According to the report published by Allied Market Research, the North America liver disease treatment market accounted for $6.97 billion in 2019, and is projected to reach $8.31 billion by 2027, growing at a CAGR of 5.2% from 2020 to 2027.

Allied Market Research

Download Detailed COVID-19 Impact Sample Report at: https://www.alliedmarketresearch.com/request-for-customization/7546?reqfor=covid

Key determinants in the market-

Rise in consumption of alcoholic beverages, use of illegal drugs, increase in the geriatric population, surge in prevalence of liver diseases, and increased government and private awareness programs have augmented the growth of the North America liver disease treatment market. On the other hand, strict regulatory approvals about liver disease treatment drugs and vaccines and resistance to antiviral drugs used in treatment of hepatitis B and hepatitis C restrain the market to certain extent. Nevertheless, presence of strong pipeline products are anticipated to create new opportunities for the market players.

Covid-19 scenario-

  • Lockdown disrupted the supply-chain of medicines. Additionally, the lack of healthcare professionals for liver disease treatment has further impacted the market.
  • The immunization programs, on the other hand, were put on hold and the demand for immune suppressants has declined owing to reduction in liver transplant during this period.

The antiviral drugs segment to dominate the market throughout the forecast period-

Based on treatment type, the antiviral drugs segment dominated the market in 2019, accounting for more than half of the North America liver disease treatment market. This is owing to rise in prevalence of hepatitis which requires the use of antiviral drugs. However, the immunosuppressant segment is expected to manifest the highest CAGR of 7.3% during the forecast period. The rise in prevalence of liver related medical conditions which are leading to surge in the liver transplants performed in North America drives the growth of the segment.

The hepatitis segment to lead the trail throughout the forecast period-

On the basis of disease type, the hepatitis segment held the largest share in 2019, accounting for more than four-fifths of the North America liver disease treatment market. This is owing to surge in prevalence of the medical condition. In addition, the fact that treatment of hepatitis involves the use of various types of treatments such as vaccines, antiviral drugs and immunoglobulins, which further boost the growth of this segment. On the other hand, the cancer segment is projected to portray the highest CAGR of 7.6% during the forecast period. Surge in prevalence of liver cancer and launch of new treatment options which leads to surge in demand of liver disease treatments are the major factors that drives the growth of the segment.

For Purchase Enquiry at: https://www.alliedmarketresearch.com/purchase-enquiry/7546

U.S to rule the roost throughout the forecast period-

The market across U.S. held the lion's share in 2019, contributing to more than four-fifths of the North America liver disease treatment market. Easy availability of drugs and vaccines used in treatment of liver diseases, surge in prevalence of liver related medical conditions in the country, and rise in awareness toward the importance of immunization against hepatitis leads to fuel the growth of the market in this province. On the other hand, the market across Mexico is expected to manifest the highest CAGR of 6.8% during the forecast period. This is owing to factors such as surge in awareness related to early detection and treatment of liver diseases such as liver cancer and hepatitis. In addition, rise in prevalence of liver diseases such as liver cancer further boosts demand for targeted therapy and chemotherapy in the country. This in turn, increases the market growth in this region.

Major Market Players-

  • Astellas Pharma Inc.
  • Merck & Co., Inc. (Merck Sharp & Dohme Corp.)
  • Mylan, AbbVie Inc.
  • Dynavax Technologies
  • Eli Lilly and Company
  • Gilead Sciences, Inc.
  • Pfizer Inc.
  • Emergent BioSolutions (Cangene bioPharma)
  • Bristol Myers Squibb.

Avenue Basic Plan | Library Access | 1 Year Subscription |

Sign up for Avenue subscription to access more than 12,000+ company profiles and 2,000+ niche industry market research reports at $699 per month, per seat. For a year, the client needs to purchase minimum 2 seat plan.

Avenue Library Subscription | Request for 14 days free trial of before buying: https://www.alliedmarketresearch.com/avenue/trial/starter

Get more information: https://www.alliedmarketresearch.com/library-access

We have also published few syndicated market studies in the similar area that might be of your interest. Below are the report title for your reference, considering impact of Covid-19 over this market which will help you to assess aftereffects of pandemic on short-term and long-term growth trends of this market.

Similar Reports:

Liver Disease Treatment Market - Global Opportunity Analysis and Industry Forecast, 2020–2027

Immunoglobulin Market - Global Opportunity Analysis and Industry Forecast, 2019-2027

Intravenous Immunoglobulin (IVIG) Market - Global Opportunity Analysis and Industry Forecast, 2019-2027

Antiviral Drugs Market - Global Opportunity Analysis and Industry Forecast, 2019–2027

Chemotherapy-induced Nausea and Vomiting (CINV) Market - Global Opportunity Analysis and Industry Forecast, 2019–2027

Cardiac Biomarkers Market - Global Opportunity Analysis and Industry Forecast, 2019–2027

Genetic Testing Market - Global Opportunity Analysis and Industry Forecast, 2019–2027

About Us

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

Contact:

David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
USA/Canada (Toll Free): +1-800-792-5285, +1-503-894-6022, +1-503-446-1141
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975
help@alliedmarketresearch.com 
Web: https://www.alliedmarketresearch.com
Follow Us on LinkedIn: https://www.linkedin.com/company/allied-market-research 

Cision View original content:http://www.prnewswire.com/news-releases/north-america-liver-disease-treatment-market-to-hit-8-31-bn-by-2027--at-5-2-cagr-amr-301160479.html

SOURCE Allied Market Research

View Comments and Join the Discussion!
 
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com