Liver Cirrhosis Treatment Market- Global Industry Analysis By Development 2027
The Global Liver Cirrhosis Treatment Market in Terms of Revenue Was Worth of USD 4.27 Billion in 2020 and is expected to reach USD 8.17 Billion in 2027, growing at a CAGR of 9.97% from 2021 to 2027. The global liver cirrhosis treatment market is expected to grow at a significant growth rate due to several driving factors.
Scope of Liver Cirrhosis Treatment Market:
Cirrhosis is the last stage of liver skin injury that results from a variety of conditions such as liver disease, hepatitis, acute alcoholism, iron buildup in the body (hemochromatosis), cystic fibrosis, copper accumulated in the liver (wilson's disease), poorly formed bile ducts (biliary atresia), alpha-1 antitrypsin deficiency, Inherited disorders of sugar metabolism (galactosemia or glycogen storage disease), genetic digestive disorder (alagille syndrome) and others. It is an acute stain of the liver and hepatic impairment that appears in the terminal stage of acute liver disease. This stain is most likely caused by prolonged exposure to a virus, such as alcohol or a viral infection. Also, the treatment of cirrhosis depends on the cause and extent of the loss.
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Global Liver Cirrhosis Treatment Market: By Treatment
· Antibiotics
· Immunosuppressants
· Others
Global Liver Cirrhosis Treatment Market: By End User
· Hospitals and Clinics
· Research and Academic Institutes
· Others
Global Liver Cirrhosis Treatment Market: Market Player Analysis
Gilead Sciences, Inc.
Shionogi & Co., Ltd.
Sanofi
British Biologicals
Hoffmann-La Roche Ltd.
Merck & Co., Inc.
Others
Market Trends of Liver Cirrhosis Treatment:
If liver cirrhosis is diagnosed early, damage can be reduced by treating the underlying cause or the various complications that arise. It is necessary for the patient to stop drinking if their cirrhosis is caused by long-term, regular heavy alcohol consumption. Therefore, the therapist or doctor recommends a treatment program for treating alcohol dependency. Liver cirrhosis is a major and underestimated global public health problem as well as an important cause of morbidity and mortality around the world
The growing aging population, excessive alcohol consumptions, and increasing prevalence of liver diseases are the major factors driving the market growth. In the recent years, the changing lifestyle is a major factor increasing the alcohol consumption. For example; According to the 2019 National Survey on Drug Use and Health; 14.1 million adults ages 18 and older had alcohol use disorder. This includes 8.9 million men and 5.2 million women. Additionally, they estimated 95,000 people die from alcohol-related causes annually. In addition, growing aging population is also one of the major factors driving the growth of global liver cirrhosis treatment market. The increasing aging population is a worldwide issue and societies are facing various problems including long-term care for populations with a high prevalence of chronic conditions including liver diseases. However, stringent government regulations, high investment required for drug research and development, and side-effects associated with medications prescribed for liver cirrhosis may hamper the market growth. In spite of that, increasing research and development activities in the field of liver disease treatment may create several opportunities for the further growth of the market.
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