Alcoholic Hepatitis Therapeutic Market Scope
Alcoholic hepatitis disease is a leading cause of liver-related mortality and morbidity across the world. Increasing incidence of liver diseases and high success rate of pipeline drugs are the major factors which increase global alcoholic hepatitis market. Furthermore, surged focus on retaining the best quality of life is one the factor contributing to the growth of the market.
Alcoholic Hepatitis Therapeutic is a fragmented market with the presence of a number of players. The players are focusing on the new launch, merger, acquisition, investment, funding, and other activities. These activities help them to sustain in the market and enhance their market presence over the globe. Research Analyst at AMA estimates that United States Players will contribute to the maximum growth of Global Alcoholic Hepatitis Therapeutic market throughout the predicted period.
Alkermes Inc. (Ireland), Conatus pharmaceuticals (United States), Dainippon sumitomo pharma (Japan), Teva Pharmaceuticals (Israel), Sanofi-Aventis (France), Generon (Shanghai) Corporation Ltd. (China), Immuron limited (Australia) and Lupin Laboratories (India) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research are Intercept Pharmaceuticals (United States) and Alfact Innovation (France).
Segmentation Overview
The study have segmented the market of Global Alcoholic Hepatitis Therapeutic market by Type (Monoclonal Antibodies, Caspase Protease Inhibitor, Corticosteroids, Hemorheologic Agents, Anabolic Steroids, Hepatotropic Hormones, Sulfhydryl Agents and Others), by Application (Hospitals and Clinics and Research and Development) and Region with country level break-up.
On the basis of geography, the market of Alcoholic Hepatitis Therapeutic has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Influencing Trend:
Rising Disposable Income among the Population and High Adoption Rate for Novel Therapeutics for Liver Diseases and High Adoption Rate for Novel Therapeutic Products
Market Growth Drivers:
Increasing Incidence of Liver Diseases and High Success Rate of Pipeline Drugs and Rising Disposable Income among the Population in both Developing and Developed Nations
Challenges:
High Development Cost and Dearth of Skilled Professionals
Restraints:
Increasing Health Care Expenditure and Stringent Reimbursement Policies
Opportunities:
Increasing Merger and Acquisitions among Pharmaceutical Companies to Develop Advance Therapies for Treating Liver Diseases
In 2020, DURECT Corporation announced that the U.S. Food and Drug Administration (FDA) has granted Fast Track Designation to DUR-928 for the treatment of alcoholic hepatitis. In order to speed up the research and review of medicines that have the potential to treat serious conditions where there is a medical need, the FDA provides Fast Track Designation.
Key Target Audience
Alcoholic Hepatitis Therapeutic Providers, Pharmaceutical Companies, Government Regulatory Bodies, End Users and Others
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.