The ‘Global Non-Alcoholic Steatohepatitis (NASH) Treatment Market Share, Report and Forecast 2023-2031’ by Expert Market Research gives an extensive outlook of the global non-alcoholic steatohepatitis (NASH) treatment market, assessing the market on the basis of its segments like drug types, disease causes, end-uses, and major regions.
Non-Alcoholic Steatohepatitis (NASH) Treatment Market Size, Trends, Industry Report, Key Player, Major Segments, and Forecast
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The key highlights of the report include:
Market Overview (2016-2031)
• Forecast CAGR (2023-2031): 43.7%
|Growth Rate CAGR||43.7%|
|Major Players||Zydus Cadila, Novartis AG, Pfizer Inc., Madrigal Pharmaceuticals, Intercept
Pharmaceuticals, and Genfit SA, among others.
Non-alcoholic steatohepatitis (NASH) treatment is gaining traction across the healthcare units to counter advanced liver diseases. The rising prevalence of obesity, diabetes mellitus, and high cholesterol is leading to an increasing demand for non-alcoholic steatohepatitis (NASH) treatment drugs and products. The unhealthy lifestyles led by the working-class population, which is resulting in an unbalanced intake of calories, is further bolstering the global non-alcoholic steatohepatitis (NASH) treatment market.
According to a report by World Health Organisation, around 422 million people suffer from diabetes around the world. This figure is estimated to increase in the coming years. Meanwhile, approximately 300 million people around the world are asthmatic. Over the forecast period, this alarming rate of chronic illnesses may lead to heightened cases of NASH.
Moreover, the rising geriatric population, coupled with the chances of liver failure associated with it, is a major driving factor of the market. Non-alcoholic steatohepatitis (NASH) treatment reduces the need for liver transplant, which is a lengthy and expensive procedure. This advantage of NASH treatment is anticipated to offer opportunities to the global non-alcoholic steatohepatitis (NASH) treatment market in the forecast period.
During the forecast period, Asia Pacific is expected to account for a significant share in the market owing to the presence of large population base across India and China, coupled with the increasing prevalence of diabetes mellitus and NASH.
Meanwhile, North America is anticipated to register a considerable growth in the coming years due to the rising cases of obesity among youngsters and the technologically advanced healthcare infrastructure across the United States of America and Canada.
Non-Alcoholic Steatohepatitis (NASH) Treatment Industry Definition and Major Segments
Non-alcoholic steatohepatitis (NASH) refers to a type of fatty liver disease which is caused by excess of fat in the liver. This disease causes damage to the liver. Non-alcoholic steatohepatitis (NASH) treatment aims at providing comfort to the victims of this disease using medications or equipment. Increasing prevalence of NASH is driving the demand for non-alcoholic steatohepatitis (NASH) treatment market.
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Based on drug type, the market can be segmented into:
• Vitamin E and Pioglitazone
• Selonsertib and Cencicriviroc
The market can be broadly categorised based on disease cause into:
• Heart Disease
• High Blood Lipid
• Type 2 diabetes
The significant end-uses included in the non-alcoholic steatohepatitis (NASH) treatment market are as follows:
• Homecare Settings
On the basis of region, the market can be categorised into:
• North America
• Asia Pacific
• Latin America
• Middle East and Africa
Non-Alcoholic Steatohepatitis (NASH) Treatment Market Trends
The key factors in the global non-alcoholic steatohepatitis (NASH) treatment market include the rising healthcare expenditure and technological advancements across the healthcare units in the emerging economies. The aim of these advancements is to bolster the diagnosis process of NASH and to spearhead the quality of treatment procedure.
The increasing incorporation of high-tech artificial intelligence devices in the MRI and ultrasound procedures are likely to aid the market growth, supported by the rapid advancements in healthcare infrastructure.
The growing research and development activities by the major market players to boost the efficiency of treatment procedures are the major trends in the market. Further, increasing initiatives for the awareness of NASH and the growing number of clinical trials involving combination studies of drugs are propelling the market growth.
Key Market Players
Some major players in the market:
• Zydus Cadila
• Novartis AG
• Pfizer Inc
• Madrigal Pharmaceuticals
• Intercept Pharmaceuticals
• Genfit SA
The report studies the latest updates in the market, along with their impact across the market. It also analysis the market demand, together with its price and demand indicators. The report also tracks the market on the bases of SWOT and Porter’s Five Forces Models.
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