About Liver Cirrhosis
The liver cirrhosis means the condition that causes scar tissue of the liver to replace healthy liver tissue cells, it happens over the period due to the chronic infection or alcohol addiction. It is diagnosed by various radiology tests such as computed tomography (CT), ultrasound, magnetic resonance imaging (MRI), needle biopsy of the liver. A new imaging technique called elastography, which can be performed with ultrasound or MRI, can also diagnosis cirrhosis.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 10.9% |
Key players are adopting numerous strategies to gain market attention and to increase their market share, this strategy can be listed as increasing product portfolio, making partnerships to adopt certain technologies, and acquiring small players to finish the competition in the future. As well as investing money in the R&D sector to make technical upgrades to the product. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Liver Cirrhosis market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
F. Hoffmann-La Roche AG (Switzerland), Merck & Co., Inc (United States), Abbott Laboratories (United States), Novartis International AG (Switzerland), Bristol Myers Squibb Company (United States), Gilead Sciences, Inc (United States), Conatus Pharmaceuticals (United States), GlaxoSmithKline plc (United Kingdom), Hepion Pharmaceuticals (United States) and Intercept Pharmaceuticals, Inc. (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Lepu Medical Technology (Beijing) Co., Ltd. (China), GWOXI Stem Cell Applied Technology Co., Ltd (China) and Grifols, S.A. (Spain).
Segmentation Overview
AMA Research has segmented the market of Global Liver Cirrhosis market by Type (Alcoholic Cirrhosis, Atrophic Cirrhosis, Biliary Cirrhosis, Cardiac Cirrhosis and Cryptogenic Cirrhosis), Application (Hospitals, Specialty Clinics and Others) and Region.
On the basis of geography, the market of Liver Cirrhosis 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). If we see Market by Treatment, the sub-segment i.e. Self-care will boost the Liver Cirrhosis market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Stages, the sub-segment i.e. Stage 1 will boost the Liver Cirrhosis market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Tests, the sub-segment i.e. Computed Tomography (CT) will boost the Liver Cirrhosis market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Rising Non-alcoholic Fatty Liver Disease and High Risk of Liver Cirrhosis in Young Adults and Women
Market Growth Drivers:
Growing Prevalence of Obesity and Diabetes Problems in People Across the World and Number of Cases with Viral Infections Like Hepatitis B, C, D, and Alcoholism
Challenges:
Expensive Liver Transplantation
Restraints:
Lengthy Process Involved in Drug and Treatment Research and Complications Involved with Liver Cirrhosis Treatment
Opportunities:
Continuous Research and Development in Liver Cirrhosis Drugs and Advancements in Liver Cirrhosis Treatment Imaging Devices
Market Leaders and their expansionary development strategies
On 24th October 2019, Novartis announced the collaboration and license agreement with Pliant Therapeutics to develop and commercialize a preclinical asset, PLN-1474, designed to inhibit the integrin. The agreement also covers a global exclusive license for up to three additional integrin targets. PLN-1474 treats nonalcoholic steatohepatitis (NASH)-related liver fibrosis, which could cause complications, including cirrhosis and liver failure. PLN-1474 demonstrated a significant reduction of fibrosis in live models of human tissue.
On 20th November 2019, Hepion Pharmaceuticals, Inc. announced that CRV431, an anti-fibrotic agent, prevented the development of liver cirrhosis in a highly aggressive, preclinical model of liver disease. In this study, conducted by Physiogenex, S.A.S. (France), rats were administered the hepatotoxic compound, thioacetamide, for nine weeks to induce liver injury and fibrosis, in combination with either CRV431 or vehicle control for the entire study period. Blinded, histopathological analysis of the livers was conducted at the end of the study period.
Key Target Audience
Liver Cirrhosis Equipment Manufacturer, Liver Cirrhosis Treatment Providers, Research and Development Institutes, Potential Investors, Hospitals, Regulatory Bodies and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.