Wilmington, Delaware, United States, June 21, 2022 (GLOBE NEWSWIRE) -- The global nonalcoholic steatohepatitis therapeutics market is estimated to register growth at a CAGR of 13.6% during the forecast period from 2022 to 2031, as per a study by Transparency Market Research (TMR).
The prevalence of non-alcoholic steatohepatitis (NASH) and nonalcoholic fatty liver disease (NAFLD) is being increasing around the world, specifically in many developed nations from the North America region. This factor is resulting into profitable prospects in the nonalcoholic steatohepatitis therapeutics market.
Due to changing lifestyles, there has been a surge in the prevalence of different lifestyle-associated diseases inducing obesity and diabetes among people from around the world. This factor is resulting into notable business opportunities in the global nonalcoholic steatohepatitis therapeutics market. This aside, the market is estimated to attract sizable opportunities for expansion during the forecast period owing to rise in the prevalence of obesity in children population.
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Nonalcoholic Steatohepatitis Therapeutics Market: Key Findings
- NASH refers to a type of liver disease that is generally found in individuals who don’t consumer alcohol or in very low amount. It is considered one of the common diseases associated with liver. In this health condition, patient experiences inflammation and fat deposition in liver. Over the period of past few years, there has been a rise in prevalence of nonalcoholic steatohepatitis among people from across the globe. This factor is boosting the need for therapeutics in order to provide a precise treatment for the disease, notes a TMR study on the nonalcoholic steatohepatitis therapeutics market. This, in turn, is fueling the market expansion.
- The nonalcoholic steatohepatitis therapeutics manufacturers are executing different strategies such as mergers & acquisitions in order to expand their businesses in newer regions. This aside, several companies in the nonalcoholic steatohepatitis therapeutics market are focusing on research collaborations with other players in order to launch next-gen products. Moreover, enterprises are investing heavily in clinical trials of Elafibranor and different other drugs that assist in decreasing the percentage of fat in liver. Such initiatives are projected to help the global market for nonalcoholic steatohepatitis therapeutics to gain a valuation of more than US$ 20.2 Bn by 2031.
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Nonalcoholic Steatohepatitis Therapeutics Market: Growth Boosters
- Rise in diabetic and obese populace globally is leading to growth opportunities in the nonalcoholic steatohepatitis therapeutics market
- Increase in understanding among global populace on available treatment solution for NASH is bolstering the market
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Nonalcoholic Steatohepatitis Therapeutics Market: Regional Analysis
- The nonalcoholic steatohepatitis therapeutics market in North America is projected to gain attractive business opportunities owing to increase in the prevalence of NASH due to surge in the number of people suffering from obesity and diabetes. This aside, changes in lifestyle of regional people and increase in the prevalence of high cholesterol are projected to fuel the demand for nonalcoholic steatohepatitis therapeutics in the North America in the forthcoming years.
- The prevalence of NASH is being increasing in many nations from Europe such as Spain, Italy, the U.K., France, and Germany. This factor is creating substantial growth prospects for the nonalcoholic steatohepatitis therapeutics market in Europe.
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Nonalcoholic Steatohepatitis Therapeutics Market: Key Players
Some of the key players profiled in the report are:
- Intercept Pharmaceuticals Inc.
- AstraZeneca plc
- GENFIT SA
- Galmed Pharmaceuticals Ltd.
- Zydus Cadila
- Gilead Sciences, Inc.
- Conatus Pharmaceuticals
- Immuron Ltd.
- Tobira Therapeutics, Inc.
Nonalcoholic Steatohepatitis Therapeutics Market Segmentation
Drug Type
- Obeticholic Acid (OCA)
- Aramchol (Arachidyl Amido Cholanoic Acid)
- Saroglitazar
- Elafibranor
Regions Covered
- North America
- Latin America
- Europe
- Latin America
- Middle East & Africa
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