Liver Cancer Treatment Market: by Diseases Type (Primary, Secondary, and Benign Liver Growths), by Therapeutics (Sorafenib Tosylate, Regorafenib, Doxorubicin, 5-Fluorouracil, Cisplatin, and Others), By Distribution Channel (Hospital Pharmacies, Retail Pharmacies, and Others) and Geography (North America, Latin America, Europe, Middle East and Africa, Asia Pacific)

 

The global liver cancer treatment market is expected to grow at a CAGR of 17% during 2021 to 2027. Liver cancer is also known as hepatic cancer. Upon liver cancer diagnosis different treatment methods are adapted like tumor embolization, surgery, targeted therapy, immuno therapy, chemotherapy for treating the disease, extending life span, or relieving symptoms of the patients. Early stage of liver cancer shows no symptoms, usually appears in late stage that leads to increase patients volume available for liver cancer treatment. Exposure to environmental chemicals like vinyl chloride, benzene, and lifestyle changes exposing people to the risk of liver cancer. In addition to curative treatments physicians are looking for new treatment options like neoadjuvant and adjuvant therapies to boost the chances of survival rate. Liver Cancer Treatment Market players are focused on developing new drugs which works by targeting specific parts of cancer cells or their surrounding environment. Nexavar and miripla act by hindering new blood vessel and thereby tumor growth, is being studied for use in the early stages of cancer. The pipeline includes the drugs like Thermodox, Imclone Afinitor by Celsion, Eli Lilly and Novartis respectively which shows potential to capture targeted liver cancer drug market. Regorafenib (Stivarga) is a targeted drug, used to treat liver cancers that are no longer responding to sorafenib. Cabozantinib is another targeted drug that has been shown to reduce tumor growth and stop new blood vessel growth in some studies. Chemotherapy drugs, such as oxaliplatin, capecitabine, gemcitabine, and docetaxel, are being tested against liver cancer in clinical trials. Oxaliplatin has shown promising results in early studies when given in combination with doxorubicin and also when given with gemcitabine and the targeted therapy drug cetuximab (Erbitux). In 2017, The U.S. Food and Drug Administration (FDA) has approved Opdivo (nivolumab), a monoclonal antibody, which is a type of immunotherapy, to treat liver cancer. The drug is marketed by Bristol-Myers Squibb. The Market has been segmented into North America, Latin America, Europe, Asia-Pacific, and Middle-East & Africa. Important drivers for the market are increasing aging population, drug inventions with respect to the cancer, increasing government initiatives, rising prevalence of cancer and increasing health care expenditure. However, factors such as stringent regulatory processes, high capital investments, and low success rate in clinic trials for drugs and low reach in remote areas are hindering the growth of market.