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2020
North America Liver Disease Treatment Market

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

Report Code: A07181
Pages: 137
Sep 2020 | 2998 Views
Author(s) : Sanjivan G , Onkar S
Tables: 54
Charts: 35
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COVID-19

Pandemic disrupted the entire world and affected many industries.

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North America Liver Disease Treatment Market Overview:

The North America liver disease treatment market accounted for $6,970 million in 2019, and is expected to reach $8,318 million by 2027, registering a CAGR of 5.2% from 2020 to 2027. 

Vaccines segment is expected to witness a decline owing to the fact that vaccination programs were put on hold to concentrate on medical care for COVID-19.

Liver disease treatments are defined as any medical care provided to the patient suffering from liver diseases in form of vaccines and drugs. For instance, there are different types of drugs available to treat a wide range of liver related disorders such as antiviral drugs are utilized for treatment of hepatitis viral infection. Similarly, drugs such as corticosteroids are used in treatment of alcoholic hepatitis and immunosuppressants are administered to patients with a transplanted liver. In addition, other drugs used to cure liver related medical conditions include immunoglobulins, which are obtained from plasma of patients who have recovered from hepatitis B viral infection. 

North-America-Liver-Disease-Treatment-Market-2020-2027

Moreover, liver diseases also include use of vaccines to provide immunization against viral hepatitis. In addition, other major liver disease that require treatment include liver cancer. For instance, liver cancer is a highly fatal medical condition, hence requires treatment that includes use of targeted therapy and chemotherapy drugs. 

Increase in alcohol consumption & use of illegal drugs and rise in prevalence of liver disease is the major factor that contributes toward the market growth. Moreover, factors such as surge in geriatric population and rise in government and non-government awareness programs also boost the North America liver disease treatment market growth. 

However, stringent approval process related to drugs and resistance to antiviral drugs used in treatment of hepatitis B and hepatitis C restrict the market growth. Conversely, presence of strong pipeline products offer lucrative opportunities for the North America liver disease treatment market.

COVID-19 Impact Analysis on North America Liver Disease Treatment Market

COVID-19 pandemic has affected every business adversely. For instance, after COVID-19 was declared as a pandemic by the WHO, countries worldwide adopted nationwide lockdowns to observe social distancing as a measure to contain the spread. This led to disruption, limitation, challenges, and changes in each sector of every industry in North America. Similarly, the liver disease treatment market was also impacted by the pandemic. Moreover, every segment in the market had a different impact. For instance, vaccines suffered a negative impact as immunization programs were halted. In addition, immunosuppressants were also affected in a negative manner. This was attributable to the fact that liver transplants decreased during lockdown as these procedures are elective and can be postponed. Similarly, other treatment types such as corticosteroids had a moderate impact from lockdowns. 

North America Liver Disease Treatment Market Segmentation  

The North America liver disease treatment market is segmented on the basis of treatment type, disease type, and country to provide a detailed assessment of the market. By treatment type, the market is divided into antiviral drugs, immunosuppressants, vaccines, immunoglobulins, corticosteroids, targeted therapy, and chemotherapy. By disease type, it is divided into hepatitis, autoimmune diseases, non-alcoholic fatty liver disease (NAFLD), cancer, genetic disorders, and others. By country, it is classified into the U.S., Canada, and Mexico.

North America Liver Disease Treatment Market
By Treatment Type

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Immunosuppressants segment is projected as one of the most lucrative segment.

Segment Review

On the basis of treatment type, anti-viral drugs occupied major share of the North America liver disease treatment market size in 2019, and is expected to remain dominant throughout the forecast period. The growth of this segment is attributable to rise in incidences of hepatitis in North America, which requires use of anti-viral drugs. Furthermore, the vaccines segment is expected to acquire the fastest growth rate during the forecast period, owing to presence of government bodies and pharmaceutical companies, which work to ensure proper vaccine coverage in North America. In addition, surge in awareness related to importance of immunization against hepatitis is another major factor that drives growth of the vaccines segment.

By disease type, the hepatitis segment occupied a major share of the market in 2019, owing to widespread prevalence of the disease in North America. In addition, the cancer segment is expected to witness highest growth rate during the forecast period, owing to rise in R&D expenditures related to cancer treatment. Furthermore, rise in focus of key players on developing new liver cancer treatments is also expected to drive the North America liver disease treatment market.   

North America Liver Disease Treatment Market
By Disease Type

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Hepatitis segment held a dominant position in 2019 and will continue to maintain the lead over the forecast period.

In 2019, the U.S. accounted for the major share of the North America liver disease treatment market size, and is expected to continue this trend, owing to surge in prevalence of hepatitis, presence of huge number of geriatric populations, and easy availability of liver disease treatments. Moreover, other factors such as surge in health expenditure also boosts growth of the liver disease treatment market in North America. Mexico is expected to exhibit fastest growth rate, owing to surge in awareness related to use of liver disease treatments. In addition, surge in awareness related to importance of immunization against hepatitis in the country also propels the North America liver disease treatment market growth. 

The North America liver disease treatment market is highly competitive and prominent players in the market have adopted various strategies to garner maximum North America liver disease treatment market share. These include collaboration, product launch, partnership, and acquisition. Major players operating in the market include Astellas Pharma Inc., Mylan, AbbVie Inc., Merck & Co., Inc. (Merck Sharp & Dohme Corp.), Eli Lilly and Company, Dynavax Technologies, Pfizer Inc., Gilead Sciences, Inc., Bristol Myers Squibb, and Emergent BioSolutions (Cangene bioPharma).

North America Liver Disease Treatment Market
By Country

2027
U.s. 
Canada
Mexico

Asia-Pacific region would exhibit the highest CAGR of 7.1% during 2020-2027.

Key Benefits For Stakeholders

  • This report entails a detailed quantitative analysis along with the current North America liver disease treatment market trends from 2019 to 2027 to identify the prevailing opportunities along with the strategic assessment.
  • The North America liver disease treatment market forecast is studied from 2020 to 2027. 
  • The market size and estimations are based on a comprehensive analysis of key developments in the industry. 
  • A qualitative analysis based on innovative products facilitates strategic business planning.
  • The development strategies adopted by the key market players are enlisted to understand the competitive scenario of the North America liver disease treatment market.

North America Liver Disease Treatment Market Report Highlights

Aspects Details
By Treatment Type
  • Antiviral Drugs
  • Immunosuppressants
  • Vaccines
  • Immunoglobulins
  • Corticosteroids
  • Targeted Therapy
  • Chemotherapy
By Disease Type
  • Hepatits
  • Autoimmune Diseases
  • Non-Alcoholic Fatty Liver Disease (NAFLD)
  • Cancer
  • Genetic Disorders
  • Others
By Country
  • U.S.
  • Canada
  • Mexico
Key Market Players GILEAD SCIENCES, INC., DYNAVAX TECHNOLOGIES CORPORATION, EMERGENT BIOSOLUTIONS INC. (CANGENE BIOPHARMA), BRISTOL-MYERS SQUIBB COMPANY, ABBVIE INC., MYLAN N.V., PFIZER INC. (PHARMACIA CORPORATION), ELI LILY AND COMPANY, ASTELLAS PHARMA INC., MERCK & CO. INC.
 

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According to CXOs of top companies in the market, surge in prevalence of various liver related conditions such as hepatitis and liver cancer, which require use of liver disease treatments boost growth of the market.

Furthermore, experts of key companies believe surge in geriatric population, which is more prone to liver diseases, rise in awareness toward early detection and treatment of liver diseases, and increase in government programs designed to spread awareness related to hepatitis prevention also fuel growth of the North America liver disease treatment market.

Moreover, on the basis of country, the U.S. acquired major share of the market, owing to rise in healthcare expenditure and easy availability of liver disease treatments. Similarly, Mexico is expected to exhibit fastest growth rate during the forecast period, owing to surge in awareness associated with use of liver disease treatments.

 

 

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FREQUENTLY ASKED QUESTIONS?

A. The total market value of North America liver disease treatment market is $6,969.82 million in 2019.

A. The forecast period for North America liver disease treatment market is 2020 to 2027

A. The market value of North America liver disease treatment market in 2019 is $5,852.49 million.

A. The base year is 2019 in North America liver disease treatment market

A. Top companies such as, Gilead Sciences, Inc., AbbVie Inc., Merck & Co. Inc., Eli Lily and Company, and Pfizer Inc held a high market position in 2019. These key players held a high market postion owing to the strong geographical foothold in different regions.

A. Antiviral drugs segment is the most influencing segment as these medications are used in the treatment of highly prevalent hepatitis viral infections.

A. The major factor that fuels the growth of the North America liver disease treatment market includes rise in prevalence of various liver related medical conditions which require the use of liver disease treatment products.

A. Mexico has the highest growth rate in the market with a CAGR of 6.8%. This is due to rise in healthcare expenditure in the region and surge in awareness related to importance of immunization against hepatitis.

A. Medical care given to a patient suffering from liver diseases is termed as liver disease treatment. Furthermore, the treatment includes use of various drugs for different types of liver conditions.

A. Liver disease treatment products include different kinds of drugs and vaccines. For instance, anti-viral drugs are used to treat hepatitis that cause liver inflammation.

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