The nonalcoholic steatohepatitis therapeutics market is expected to witness major growth in the near future.
The nonalcoholic steatohepatitis therapeutics market is expected to witness major growth in the near future. NASH or the non-alcoholic steatohepatitis in the United States is the second biggest cause of liver transplant. Currently, it is just behind Hepatitis C and is expected to become the leading cause by 2020. Additionally, NAFLD or the Nonalcoholic Fatty Liver Disease impacts the lives of nearly 100 million Americans each year. Moreover, the high consumption of fatty foods, and unhealthy lifestyle, lack of public spaces to exercise are expected to worsen conditions for health in general. Hence, the need to combat serious health issues like liver disease is expected to fall on market conditions. Driven by several major factors, the non-alcoholic steatohepatitis therapeutics market is expected to register double- digit growth in the near future.
Development of New Drugs Promises to Open New Horizons
NAFLD has become a major focal point in countries like the United States. The quality of fast foods, extreme obesity, and lack of attention to overall health continues raise more awareness in the general population. However, resolving this challenge is not a straightforward matter. At the moment, treatment options like weight loss do not address main causes like cheap availability of fast foods and promise to bring back fat soon after heavy commitments. Moreover, effective surgeries like the bariatric surgery seems like an extreme step to many patients and can be extremely unaffordable to most.
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On the other hand, faster approval process and experimental stage leeway promises greater room for innovation in drug discoveries. Additionally, outsourcing and technological advancements like virtual stimulation and 3D printing promises quality and robust innovation. The rising need to combat obesity with drug discovery, large influx of funding in research and development, and large shifts in manufacturing dynamics are expected to drive the non-alcoholic steatohepatitis therapeutics market in the near future.
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North America and Europe Remain Most Attractive Regional Markets for NASH Therapeutics
By geography, the nonalcoholic steatohepatitis therapeutics market is highly attractive in regions such as North America and Europe, as these two regions are majorly affected by NASH. The growth of this market is also associated with an increasing number of people in the region suffering from obesity and diabetes. The increasing incidences of high cholesterol as well as change in lifestyle are some of the other reasons behind the continued growth of the nonalcoholic steatohepatitis therapeutics market in these regions. High growth areas for nonalcoholic steatohepatitis therapeutics market in Europe include Germany, the U.K., Spain, Italy, and France.
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Appalling Cases of Obesity among a Vast Pool of Population Worldwide Continues to Fuel Demand for Effective NASH Therapeutics
The growing incidences of NASH and nonalcoholic fatty liver diseases (NAFLD) among people worldwide is behind the rise in the demand for nonalcoholic steatohepatitis therapeutics. This demand is particularly high in the developed nations of North America and Europe. Research centres are putting in much efforts for finding an effective treatment for nonalcoholic steatohepatitis disease. The growing prevalence of obesity worldwide, including obese children have created a heightened concern and need for curing the NASH disease at an early stage and keep a check on the weight. Levels of cholesterol is also high among a vast pool of population today, especially in America and this will continue to fuel the growth of the nonalcoholic steatohepatitis therapeutics market. While no exact cure exists in the market today, the treatment for NAFLD and NASH is constantly being worked upon.
As of now, there are no therapies which have been approved and thus, there is high dependency on off label agents which offer sub-optimal efficacy and safety. There are many drugs in the later stages of the pipeline and this is expected to drive the growth prospects of the market.
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