In the year 2018 Liver Cancer Therapeutics Market is valued at $680.84 million. By the year 2023, it is predicted to reach$1052.37 million with the pace of 9.10% CAGR. Liver cancer is a type of malignant hepatic tumour or on the liver, which may cause due to excessive alcohol intake, diabetes, certain inherited liver diseases, and hepatitis. Symptoms of this cancer appear only when it is in the advanced stage. The most common type of liver cancer is a hepatocellular carcinoma, which begins in the main type of liver cell.
The North America liver cancer therapeutics market is classified on the basis of the type as primary, secondary and benign liver growths. On the basis of therapeutics market is bifurcated into hepatocellular carcinoma, Cholangio carcinoma, Hepatoblastoma and targeted therapy. By end-users, the market is segmented as pediatrics and adults. Hepatocellular Carcinoma is the largest segment for therapeutics type because of the high prevalence of this type of liver cancer among people.
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Factors affecting market growth:
Major factors affecting liver cancer therapeutics market are
- The increasing aging population (+)
- more neglected necessities for the treatment of liver malignancy, medicate developments regarding the disease (+)
- increasing government activities, rising events of cancer and mounting social insurance use (+)
- stringent regulatory processes, high capital investments(+)
- The low success rate in clinical trials for drugs and low approachability in remote areas(-)
- Technological developments, for example,non-invasive radiation therapy and rising frequency of cancer (+)
- high costs related to research activities and the expiry of copyrights of some bestseller drugs (-)
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The global liver cancer therapeutics market is classified on the basis of type
- secondary and
- Benign liver growths.
Based on the therapeutics, the market is divided into
- hepatocellular carcinoma
- Cholangio carcinoma
- Hepatoblastoma and targeted therapy.
The global liver cancer therapeutics market geographically segmented into
- North America
- Latin America
- The Middle-East and Africa.
North America is the largest market for liver cancer therapeutics followed by Europe and Asia. Also, Asia-Pacific signifies the fastest growing region for liver cancer therapeutics market, owing to increasing aged populations. Increasing number of liver cancer cases in the Asian countries is further fuelling this regions market.
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Most important industries contributing to the global market are Alnylam Pharmaceuticals Inc., ImClone Systems Inc., Onyx Pharmaceuticals Inc., F. Hoffmann-La Roche Ltd., Pfizer Inc., ArQule Inc., Jennerex Biotherapeutics Inc., Celsion Corp., Bayer Schering Pharma AG, 4SC AG, and Bristol-Myers Squibb Company.
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