Liver Cancer Therapeutics Market: Secondary Liver Cancer Segment to Dominate Global Market
Liver Cancer Therapeutics: Introduction
- Liver cancer is a chronic, life threatening, and progressive disorder that begins in cells of liver. The liver is one of the largest vital organs in the body located at upper right abdomen beneath the right lung. The liver primarily produces enzymes and bile to digest food. It also produces blood clotting proteins and purifies the blood by removing harmful materials in it.
- Liver cancer can be of different types such as the cancer which begins in hepatocyte cells known as primary hepatic cancer and the cancer which spreads to liver from other parts of the body. The later type of cancer is more common and is called as metastatic cancer.
- Most of the people do not show the symptoms at early stages of primary liver cancer but in later stages the common symptoms include loss of appetite, upper abdominal pain, abdominal swelling, weight loss, and nausea and vomiting
- Variety of treatment options are available for liver cancer which include radiation therapy, chemotherapy, immunotherapy, surgical resection of tumors, and targeted drug therapy
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Liver Cancer Therapeutics Market: Key Drivers
- High prevalence and rise in incidence rates of liver cancer across the globe drives the liver cancer therapeutics market. For instance, according to world cancer research fund, liver cancer is 6th most common cancer across the globe. In 2012, more than 782,000 new cases of liver cancer were diagnosed worldwide.
- According to Cancer.net, in 2019, around 42,030 new cases of liver cancer are anticipated to be diagnosed and more than 31,780 deaths are expected to occur due to liver cancer in the U.S.
- High prevalence of metastatic cancer which spreads from other parts of body such as breast cancer, colon cancer, or lung cancer is likely to drive the liver cancer therapeutics market during the forecast period
- Development of novel innovative therapeutic drugs, strong clinical pipeline therapeutic drugs, increase in awareness among people across the globe, and favorable government support are likely to contribute to the growth of liver cancer therapeutics market
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Targeted Therapy Segment to Dominate Global Liver Cancer Therapeutics Market
- In terms of type of therapy, the global liver cancer therapeutics segment can be categorized into ablation therapy, embolization therapy, radiation therapy, targeted therapy, immunotherapy, and chemotherapy. The targeted therapy segment is estimated to dominate the global liver cancer therapeutics market during the forecast period.
- The targeted therapy is administered intravenously through blood and these drugs spread across the body and help kill cancer cells that are present in other parts of body. The targeted therapy most commonly comprises the use of tyrosine kinase inhibitors which inhibit the several kinase proteins that stimulate cancer cell growth.
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Secondary Liver Cancer Segment to Dominate Global Market
- In terms of type of cancer, the global liver cancer market can be classified into primary liver cancer and secondary liver cancer. The secondary liver cancer segment is estimated to dominate the global liver cancer therapeutics market in 2018 and is projected to continue its dominance throughout the forecast period from 2019 to 2027.
- The secondary liver cancer is also known as metastatic liver cancer. The secondary liver cancer is most common form of liver cancer than that of primary cancer. The secondary liver cancer starts from other parts of body such as pancreas, stomach, colon, breast, and lung.
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Intravenous Segment to Offer Attractive Opportunities
- Based on route of administration, the global liver cancer therapeutics market can be divided into oral and intravenous. The intravenous segment is anticipated to dominate the global market during the forecast period.
- The intravenous route is the most commonly preferred route of administration for chemotherapy and also, high osmolality drugs are administered through intravenous route by the health care professionals across the globe
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Key Players Operating in Global Market
The global liver cancer therapeutics market is highly consolidated with a few global players accounting for the majority of the market share. Key players operating in the global liver cancer therapeutics market are:
- Pfizer Inc.
- Bayer AG
- Takeda Pharmaceutical Co. Ltd.,
- Novartis AG
- Elli Lilly and Company
- Bristol-Myers Squibb Company
- Celgene Corporation
- Merck & Co., Inc.
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