Categories: Healthcare

Allergy Treatment Market Forecast 2024-2033: Growth Rate, Drivers, And Trends

The Alcoholic Hepatitis Treatment Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).

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According to The Business Research Company’s Alcoholic Hepatitis Treatment Global Market Report 2024, The alcoholic hepatitis treatment market size has grown strongly in recent years. It will grow from $2.95 billion in 2023 to $3.18 billion in 2024 at a compound annual growth rate (CAGR) of 7.9%. The growth in the historic period can be attributed to high prevalence of alcohol abuse, increased awareness and diagnostics, government initiatives on alcoholism, increased healthcare expenditure, public health campaigns.

The alcoholic hepatitis treatment market size is expected to see strong growth in the next few years. It will grow to $4.32 billion in 2028 at a compound annual growth rate (CAGR) of 7.9%. The growth in the forecast period can be attributed to emerging therapies and drug pipeline, precision medicine approaches, growing understanding of disease pathogenesis, increasing focus on liver health, public health policies addressing alcohol abuse. Major trends in the forecast period include personalized medicine approaches, liver transplantation trends, telemedicine and remote monitoring, collaborative research initiatives, innovative drug solutions.

The increased prevalence of liver diseases caused by alcohol consumption is expected to propel the growth of the alcoholic hepatitis treatment market going forward. Alcoholic liver disease is the result of the liver’s function being damaged. The liver performs numerous bodily processes, such as cleansing the blood and generating bile to aid digestion. Alcoholic hepatitis treatment is used to treat some patients with this condition’s liver inflammation. It may be required to receive therapy in a hospital for those with severe alcoholic hepatitis. For instance, in December 2021, according to the National Library of Medicine, a US-based biomedical library run by the federal government, By 2040, it is predicted that an increase in alcohol use of one year during the COVID-19 pandemic will result in 8,000 more cases of alcohol-related liver disease-related deaths, 18,700 cases of liver failure, and 1,000 cases of liver cancer. Therefore, the increased prevalence of liver diseases caused by alcohol is driving the growth of the alcoholic hepatitis treatment market.

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The alcoholic hepatitis treatment market covered in this report is segmented –

1) By Treatment: Drug Treatment, Stem Cell Therapy

2) By Drug Class: Corticosteroids, Hemorheologic Agents, Monoclonal Antibodies, Anabolic Steroids, Other Drug Classes

3) By Route of Administration: Oral, Injectable

4) By Application: Hospital, Clinic, Private Treatment Center

Product innovations are a key trend gaining popularity in the alcoholic hepatitis treatment market. Companies operating in the alcoholic hepatitis treatment market are focused on innovating new products to sustain their position in the market. For instance, in July 2022, Roche Holding AG, a Switzerland-based healthcare company, launched the Elecsys HCV Duo, an innovative dual antibody and antigen hepatitis C virus diagnostic test. It allows the detection of the hepatitis C virus (HCV) antigen and antibody status from a single human plasma or serum sample independently and simultaneously. The test can be used to identify patients who are recovering or who exhibit symptoms of a chronic infection that may result in other diseases, such as liver cancer, as well as early-stage infections. As core antigen manifests early in the course of infection and is utilized as a sign of ongoing viral replication, the combined detection of HCV’s core antibodies and antigen allows physicians to diagnose active HCV earlier than utilizing antibody-only assays.

The alcoholic hepatitis treatment market report table of contents includes: