The Global Liver Fibrosis Treatment Market is expected to grow at a CAGR of 10.8% by 2026

 Liver fibrosis is a condition in which the liver is repeatedly or continuously damaged, resulting in an abnormally large quantity of scar tissue. Fibrosis has no symptoms, but severe scarring leads to cirrhosis, which causes symptoms. Healthcare providers use blood and imaging tests to determine the severity of the condition, which may be followed by a liver biopsy if necessary. Healthcare specialists focus on addressing the source of liver fibrosis, which typically stops and slows future scarring of the liver and resulting in an improvement of the condition.

Antiviral drugs, removing or dissolving a blockage in the bile ducts, lifestyle changes such as reducing alcohol consumption, controlling obesity and overweight, and controlling blood sugar and lipid levels in people with nonalcoholic fatty liver are all possible treatment options for liver fibrosis.

Furthermore, many private research organisations are projected to support research related to the development of treatments for liver fibrosis and other fatty liver diseases, which is expected to boost the liver fibrosis treatment market.For example, in August 2018, a professor from Virginia Tech's College of Science and the University of Virginia's Department of Pharmacology obtained a $400,000 grant from the Virginia Biosciences Health Research Corporation (VBHRC), with $800,000 in matching funding from Continuum Biosciences, Inc. Researchers will be


able to develop medications to treat nonalcoholic steatohepatitis with the support of this funding and matching money (NASH).

Over the projected period (2018-2026), the global liver fibrosis treatment market is expected to grow at a CAGR of 10.8%, reaching a value of US$ 28.1 billion in 2026.

In 2018, the highest market share was held by North America, followed by Europe. Obesity, type 2 diabetes, metabolic fibrosis, alcoholic fibrosis, non-alcoholic steatohepatitis (NASH), non-alcoholic fatty liver disease (NAFLD), and other potential risk factors for liver fibrosis are all on the rise. In comparison to the obesity and type 2 diabetes epidemics, NAFLD is the most common chronic liver ailment in Western populations of economies in Europe and the United States, according to the NASH Education Program's 2018 data findings. Furthermore, between 2015 and 2030, the prevalence of NASH is anticipated to rise by 63 percent, resulting in NASH become a major cause of liver transplantation in the U.S. by 2020.

Furthermore, the World Health Organization (WHO) estimates that more than 1.9 billion persons aged 18 and up were overweight in 2016, with around 650 million being obese. Obesity levels are expected to be particularly high in the United States, Mexico, and the United Kingdom, according to the Organisation for Economic Co-operation and Development (OECD): Obesity Update 2017 report, with 47 percent, 39 percent, and 35 percent of the population obese in 2030, respectively.


Gilead Sciences, Inc., Merck & Co., Inc., Bristol-Myers Squibb, Johnson and Johnson, Novartis AG, Vertex Pharmaceuticals Incorporated, Pfizer Inc., and FibroGen, Inc. are some of the major competitors in the liver fibrosis treatment industry.

Comments

Post a Comment

Popular posts from this blog

YOU YES YOU!

Image
Welcome to Riya's  blog! HEY Everyone! So this is my my very first blog and  i am quite excited about it. WELL  I am  a 21 years old girl who sees the world through her eyes just like everyone else. I believe each of us have their own views and opinions about every little thing that we see through our eyes wide open and that is  what individuality is ! Having our own brains , hobbies,rights,skills , gifts ,flaws and i certainly believe that embracing them is one of the best things a human could do. Okay well so the topic on what  i am going to throw a little  light on here is not self love or self respect or being righteous , strong or anything like that , My topic here is going to be "YOU"   . "YOU" can be anyone here including me 'YOU' = "Individual" Isn't it so weird that in a world having  millions and millions of people  with their own "IDENTITIES " still lack " INDIVIDUALITY ". You know why? because...
Read more

Continuous Glucose Monitoring (CGM) Devices Market -Dynamics and Forecast

Image
CGM (Continuous Glucose Monitoring) technology allows you to monitor your glucose levels 24 hours a day using a sensor that delivers the data to a MiniMed insulin pump. However, these devices also aid in diabetes management by lowering individual insulin dosages. These gadgets' integrated software provides users with information about food consumption, medication, physical activity, and ailments.  As a result, an increasing number of diabetic patients are relying on these devices to control and treat their condition, propelling market growth. A growing number of continuous glucose monitoring devices are being integrated with apps and software to treat people with diabetes mellitus, thanks to the development of digital medicines.The rising prevalence of diabetes mellitus has boosted the market for continuous glucose monitoring (CGM) devices. The Continuous Glucose Monitoring (CGM) Market is estimated to develop at a CAGR of 14% over the forecast period. High blood glucose levels oc...
Read more

With the economic slump due to covid-19, the Africa Mobile Phone Accessories Market has had a significant influence

Image
Due to improvements in many areas such as consumer electronics and others, the Africa Mobile Phone Accessories Market is likely to grow significantly in the future years. The expansion of the mobile phone accessories industry in Africa has been aided by changes in lifestyle and an increase in disposable money among end-users. Furthermore, there is little doubt that COVID-19 has had an impact on the lives of all indigenous around the world. With the economic slump, it has had a significant influence on the Mobile Phone Accessories business. Africa Mobile Phone Accessories Market is expected to increase during the forecast period 2020-2026, according to the research. Government attempts to lessen potential reliance on imports from Taiwan and South Africa are projected to have a significant impact on the African market. This has given local producers the much-needed boost they required to establish a strong foothold in the current market. Manufacturers are focussing their efforts in the c...
Read more