Global Liver Cancer Treatment Industry
Liver cancer, also called as hepatic cancer, is a disease that is caused due to the uncontrolled proliferation of normal liver cells. The type of cancer that occur in hepatic cells is called hepatocellular carcinoma. And, cancer that occur in ducts of the liver is called cholangiocarcinoma. Hepatitis C, hepatitis B, liver cirrhosis, diabetics, and excessive alcohol consumption are some of the factors that are expected to induce malignancy in liver. The increase in number of liver cancer cases is noted to be the factor that is expected to undermine the expansion of the global market of liver cancer treatment. There are a couple of factors that are expected to control the market, which are elaborated in the report.
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The increase in prevalence of liver cancer patients, across the globe, and the availability of multiple liver cancer drugs are causes that are likely to drive up the market growth. Additional factors that can bolster the liver cancer treatment market are; growing support from governments and their initiatives to promote awareness regarding treatments and approval of pipeline drugs. Alongside, improvement in healthcare infrastructure to latest support cancer care and rise in health expenditure are also likely to spur the growth of the liver cancer treatment market, worldwide.
On the contrary, there are some factors that can cause a depression in the growth curve of the market. For instance, the mounting complexities in clinical trial processes and their building cost can dampen the global liver cancer treatment market growth. In addition, expensive treatments can is likely to be a major constraints on the market proliferation. However, the surge in health awareness among people, the availability of diagnostics for early cancer detection, and extensive research and developmental undertakings are estimated to counter the market slowdown in the near future.
The global liver cancer treatment market has been classified into treatment type and end-user. By type of treatment, the global market of liver treatment has been segmented into liver cancer surgery, radiation therapy, targeted therapy, embolization therapy, tumor ablation, immunotherapy, and chemotherapy. The availability of diversified treatments for liver cancer is expected to spur the market growth. The high prevalence of chemotherapy and availability of better quality drugs are other factors that are expected to scale-up the market. The market is segregated into hospitals and research centre by end-user. The high supply of drugs and surgical that are required in the treatment for liver cancer patients are expected to escalate the market expansion.
As per the American Cancer Society, in the United States, the patient count that is afflicted with liver cancer is expected to surge. This is expected to surge the North America liver cancer treatment market. The rise in geriatric populace and the growing awareness regarding the availability of various treatment in the Asia Pacific region is expected to work in favor of the regional market. In Europe, heavy funding for research and development is anticipated to push the market.
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