Future Market Insights (FMI), a leading market research firm, forecasts a robust growth trajectory for the Hepatic Encephalopathy Treatment Market during the period 2023 to 2033, with an impressive Compound Annual Growth Rate (CAGR) of 6.5%. By 2033, the Global Hepatic Encephalopathy Treatment Industry is expected to achieve a remarkable valuation of US$ 2971.51 Million.
The driving force behind this substantial growth is the escalating prevalence of liver diseases, notably cirrhosis and non-alcoholic fatty liver disease (NAFLD). As these conditions become more widespread, the demand for advanced and effective treatments for Hepatic Encephalopathy (HE) is on the rise.
One of the pivotal factors contributing to the market surge is the continuous development of new and innovative treatments for Hepatic Encephalopathy. Recent years have witnessed the approval of several groundbreaking medications, such as rifaximin, lactulose, and neomycin, specifically designed for HE treatment. These medications operate by reducing toxin levels in the gut or preventing their absorption into the bloodstream, ultimately mitigating the severity of HE symptoms.
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Another factor driving the growth of the Hepatic Encephalopathy Treatment Market is the increasing awareness and diagnosis of HE. As the prevalence of liver diseases such as cirrhosis and NAFLD continues to rise, more individuals are being diagnosed with HE and seeking treatment. In addition, advancements in diagnostic technologies have made it easier for healthcare professionals to identify HE in its early stages, allowing for earlier intervention and better outcomes.
Key Takeaways from the Global Hepatic Encephalopathy Treatment Industry Study:
- The Hepatic encephalopathy treatment market is expected to grow at a value of 6.5% CAGR in the forecast period 2023-2033
- Hospital pharmacies are expected to hold 49% of the market share in 2023 for Hepatic encephalopathy treatment market.
- North America is expected to possess 44% market share for Hepatic encephalopathy treatment market in 2023.
- Asia Pacific Hepatic encephalopathy treatment market size is expected to possess 39% market share in 2023.
“The Hepatic Encephalopathy Treatment Market is also being driven by the increasing adoption of combination therapies for HE.” states an FMI analyst
Global Hepatic Encephalopathy Treatment Industry Competitive Landscape:
Key players in the hepatic encephalopathy treatment market are Mallinckrodt Pharmaceuticals, Salix Pharmaceuticals, GlaxoSmithKline plc., Pfizer Inc., ASKA Pharmaceutical Co., Ltd., Bausch Health, Johnson & Johnson Services, Inc., Janssen Global Services, Takeda Pharmaceutical Company Limited, Merck & Co., Inc.
- Mallinckrodt Pharmaceuticals has developed and marketed several medications for the treatment of Hepatic Encephalopathy that include Ofirmev and Terlipressin (Glypressin) injection. In addition to these medications, Mallinckrodt Pharmaceuticals has also sponsored clinical research into the treatment of HE, with a focus on developing new treatments and improving the understanding of the condition.
- Salix Pharmaceuticals has developed Xifaxan (rifaximin) tablets. Xifaxan is an antibiotic medication that works by reducing the levels of bacteria in the gut, which can help reduce the production of toxins that contribute to the development of HE.
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Key Segments Profiled in the Global Hepatic Encephalopathy Treatment Industry Survey
Drug Class:
- Antibiotics
- Laxatives
- L-ornithine
- L-aspartate
Diagnosis:
- Blood Tests
- CT Scan
- Liver Functioning Tests
Route of Administration:
- Oral
- Injectable
- Intravenous
- Others
Distribution Channel:
- Hospital Pharmacy
- Online Pharmacy
- Retail Pharmacy
Region:
- North America
- Latin America
- Europe
- South Asia
- East Asia
- Oceania
- Middle East & Africa
Author
Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.) holds over 12 years of experience in the Healthcare, Medical Devices, and Pharmaceutical industries. His curious and analytical nature helped him shape his career as a researcher.
Identifying key challenges faced by clients and devising robust, hypothesis-based solutions to empower them with strategic decision-making capabilities come naturally to him. His primary expertise lies in areas such as Market Entry and Expansion Strategy, Feasibility Studies, Competitive Intelligence, and Strategic Transformation.
Holding a degree in Microbiology, Sabyasachi has authored numerous publications and has been cited in journals, including The Journal of mHealth, ITN Online, and Spinal Surgery News.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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