With A 20.3% CAGR, Liver Cancer Therapies Gain Momentum as Targeted and Immunotherapies Drive Innovation.

AUSTIN, TX, UNITED STATES, November 7, 2024 /EINPresswire.com/ -- According to S&S Insider, The Liver Cancer Therapeutics Market size was estimated at USD 3.62 billion in 2023 and is expected to reach USD 19.13 billion by 2032 at a CAGR of 20.3% during the forecast period of 2024-2032.

Liver Cancer Therapeutics Market Accelerates with Innovations in Treatments and Early Detection Efforts

The Liver Cancer Therapeutics market is growing quickly because of the increase in liver cancer cases worldwide, particularly hepatocellular carcinoma (HCC), the most prevalent and aggressive type of liver cancer. HCC poses a major health challenge due to late detection, resulting in over 800,000 new cases and 700,000 deaths each year. Factors like Hepatitis infections, alcohol abuse, obesity, and fatty liver disease are contributing to a growing need for treatment options. The market provides various treatments such as surgery, chemotherapy, targeted therapy, immunotherapy, radiation, and liver transplantation, selected depending on cancer stage and patient well-being. Advancements in research and development, along with new drug approvals, have significantly enhanced patient outcomes through the introduction of targeted treatments, immunotherapies, and combination therapies. Moreover, improved screenings, better imaging and biomarker technology for early detection, as well as increased awareness, are promoting earlier intervention, thereby driving market growth and creating new possibilities in managing HCC. Government backing and research support highlight the potential for further progress in patient care and results.

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Market Analysis

The market for Liver Cancer Therapeutics is growing significantly because of a concerning increase in liver cancer cases, particularly hepatocellular carcinoma (HCC), which is responsible for most liver cancer diagnoses. The rise is mainly caused by long-term illnesses such as hepatitis B and C infections, increasing alcohol intake, obesity, and non-alcoholic fatty liver disease. These factors contributing to risk have caused a rise in the need for various treatment choices, causing a high level of activity in research and development within this market.

Major progress in treatment methods, such as targeted therapy, immunotherapy, chemotherapy, and liver transplants, have revolutionized patient care, particularly for individuals with late-stage liver cancer. The market is also driven by the green light given to new drugs and the creation of combined treatments that enhance patient survival and well-being. The advancement of healthcare infrastructure and increased government funding, along with wider access to advanced diagnostic tools, are improving early detection and intervention.

Segment Analysis

By Therapy
In 2023, the targeted therapy segment dominated the market with a revenue share of 53% because of its ability to specifically target molecules or pathways linked to the proliferation and dissemination of cancer cells. Healthcare providers highly recommend this precision as it improves treatment effectiveness and lessens negative side effects. Anticipated to support the growth of this sector is a consistent flow of potential medications and an increase in regulatory approvals.

By Distribution
Hospital pharmacies have the biggest market share in the distribution channel category due to the large number of patient visits and the need for prescription-based treatments, particularly for hepatocellular carcinoma. The dominance of this segment is reinforced by patients' choice to acquire medications from trusted hospital sources. Online pharmacies, on the other hand, are projected to experience substantial expansion in emerging markets as a result of higher digital utilization and improved accessibility in distant areas.

Liver Cancer Therapeutics Market Key Segmentation:

By Therapy Type
• Immunotherapy
• Targeted Drug Therapy
• Chemotherapy

By Distribution Channel
• Retail Pharmacy
• Hospital Pharmacy
• Online Pharmacy

Key Liver Cancer Therapeutics Market Players:
• ImClone Systems Inc.
• Alnylam Pharmaceuticals Inc.
• F. Hoffmann-La Roche Ltd.
• Onyx Pharmaceuticals Inc.
• ArQule Inc.
• Pfizer Inc.
• Celsion Corp.
• Jennere Biotherapeutics Inc.
• 4SC AG
• Bayer Schering Pharma AG
• other players

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Regional Insights

North America is at the forefront of the liver cancer therapeutics market because of its advanced healthcare system and an increasing number of older individuals who are at higher risk of developing liver cancer. The regional dominance is primarily led by the United States, which is largely attributed to a high rate of liver cancer cases and the need for viable treatment options. The American Society of Clinical Oncology reports that around 44,220 people in the U.S. are diagnosed with liver cancer each year. The market's expansion is fueled by the early implementation of advanced diagnostic technologies and procedures. Canada, closely following suit, also profits from advancements in healthcare and possesses a significant market for liver cancer treatments.

Asia-Pacific is seeing the liver cancer therapeutics market grow rapidly, mainly because of its aging population and increasing incidence rates of liver cancer. Substantial growth opportunities are generated by high medical needs that are not met and a large number of patients in countries such as China. Investing in clinical research for liver diseases and cancer is also aiding in the growth of the market. Market development is predicted to speed up even more due to the diverse population demographics and growing awareness in the region.

Recent Developments

October 2023: Biosyngen received fast-track designation from the FDA for its innovative T-cell therapy, BST02, aimed at treating all types of liver cancer, including HCC and cholangiocarcinoma. This designation will help expedite the development and review process, potentially making the therapy available to patients sooner.

February 2023: AstraZeneca’s immunotherapy drugs Imfinzi (durvalumab) and Imjudo (tremelimumab) gained approval from the European Union for first-line treatment of advanced liver cancer (HCC) and Stage IV non-small cell lung cancer. The approval of this combination therapy is expected to enhance treatment options for patients with advanced liver and lung cancers, reflecting a significant milestone in immunotherapy expansion.

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Table of Contents – Major Key Points
1. Introduction
2. Executive Summary
3. Research Methodology
4. Market Dynamics Impact Analysis
5. Statistical Insights and Trends Reporting
6. Competitive Landscape
7. Liver Cancer Therapeutics Market Segmentation, by Therapy Type
8. Liver Cancer Therapeutics Market Segmentation, by Distribution Channel
9. Regional Analysis
10. Company Profiles
11. Use Cases and Best Practices
12. Conclusion

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