Increasing Knowledge Pertaining to Pathophysiology Coupled with Entry of New Treatment Alternatives to Aid Market Growth
Increasing Knowledge Pertaining to Pathophysiology Coupled with Entry of New Treatment Alternatives to Aid Market Growth
The number of individuals suffering from alcoholic liver diseases has witnessed exponential growth over the past two decades and as per current trends, numbers are expected to further grow at a rapid pace. Of various alcoholic liver diseases, alcoholic hepatitis has considerably higher mortality and morbidity rate. In addition, the financial and healthcare burden caused due to alcoholic hepatitis continues to move in the upward curve. Over the past decade, a huge amount of research and development activities has been carried out to improve diagnostic care and quality of treatments.
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Research and development activities have revealed that modification of gut microbiota and products related to it, including nutritional intervention, increasing steroid sensitivity, lipopolysaccharide, immune modulation, and epigenetic modification of liver damage caused by alcohol are some of the groundbreaking avenues in the alcoholic hepatitis therapeutics market that are expected to offer tremendous promise during the forecast period. At present, with increasing knowledge pertaining to pathophysiology, new treatment alternatives for alcoholic hepatitis are expected to make an entry into the alcoholic hepatitis therapeutics market.
At the back of these factors, along with growing investments for R&D activities, the global alcoholic hepatitis therapeutics market is expected to reach ~US$ 1.2 Bn by the end of 2030.
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High Prevalence of Alcoholic Liver Diseases Worldwide to Fuel Market Growth
The global burden of alcoholic related diseases continues to grow at a rampant pace. According to the World Health Organization, nearly half a million deaths were reported in 2016 that were linked to alcohol-related cirrhosis. At present, companies in the alcoholic hepatitis therapeutics market are primarily focusing on attaining future therapeutic targets by investing in drug development and research activities. The socioeconomic status of different regions of the world is another major factor that has played a key role in dictating the prevalence of alcohol-related digestive diseases.
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Some of the most extensively used treatment alternatives available in the alcoholic hepatitis therapeutics market include pentoxifylline, nutritional therapy, anabolic steroids, and hemorheological agents. Advancements in technology and basic sciences have increased the overall understanding of the pathogenesis of alcoholic liver diseases due to which, the prospects of the alcoholic hepatitis therapeutics market are staring at a bright future. One of the most widely used therapy for alcoholic hepatitis is enteral nutrition and abstinence. Although anabolic steroids are available as an effective treatment option, the adoption of the same is largely hindered due to the side effects.
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Research Activities Likely to Stall amid COVID-19 Pandemic, Drug Development to Continue
The advent of the novel COVID-19 pandemic has played a critical role in influencing the overall operations across the healthcare sector. While the pressure remains high to discover a vaccine or drug to treat the novel coronavirus, research activities pertaining to the development of alcoholic hepatitis therapeutics are likely to take a hit amid the ongoing health crisis. Investments are likely to delay along with potential delays in the development of new drugs and therapies. While the market in the first quarter of 2020 was largely affected by the lockdown imposed by the Chinese Government, the second and third quarters are expected to witness considerable bottlenecks across the supply chain due to restrictions on cross-border trade and transportation.
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The global alcoholic hepatitis therapeutics market is expected to witness slower growth compared to the growth in 2019. However, as governments around the world gradually ease down lockdown regulations, the alcoholic hepatitis therapeutics market is likely to witness considerable activity toward the last quarter of 2020.
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