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What is the Predicted CAGR for the Advanced Liver Cancer Market Over the Forecast Period of 2025 to 2034?

The market size for advanced liver cancer has seen a swift expansion in the past few years. It is projected to escalate from $1.89 billion in 2024 to $2.17 billion in 2025, indicating a compound annual growth rate (CAGR) of 15.2%. The considerable growth during the historic phase can be credited to factors such as elevated awareness about liver cancer, a rise in the number of patients, surging demand for specific treatments, development of healthcare facilities, and an increased preference for minimally invasive procedures.

The market for advanced liver cancer is anticipated to witness robust expansion in the forthcoming years, predicting a growth up to $3.78 billion by 2029, with a compound annual growth rate (CAGR) of 14.8%. Factors driving this anticipated growth during the projected period include a rise in liver cancer cases, incremental expenditure on healthcare, an uptick in genetic conditions, a surge in the adoption of precision medicine, and increased utilization of screening and diagnostic tests. Key trends identified for this forecast period encompass the incorporation of artificial intelligence into treatment strategies, creation of novel drugs and therapies, acceleration of research and development ventures, advancements in targeted therapeutics, and an escalating demand for personalized medicine.

What Factors Are Propelling the Growth of the Advanced Liver Cancer Market from 2025 to 2034?

The expansion of the advanced liver cancer market is anticipated to be fueled by the growing incidences of persistent hepatitis infections. These enduring viral infections, lasting for over half a year, can cause liver cirrhosis, liver damage, or even liver cancer. The mounting instances of chronic hepatitis can be associated with factors like insufficient screening and vaccination, as well as delayed treatment access. Chronic Hepatitis B (HBV) or Hepatitis C (HCV) infections are prime movers behind liver cirrhosis and hepatocellular carcinoma, the most frequently found liver cancer type. Over time, these long-standing viral infections can translate into liver inflammation, damage, and eventually, cancer. Since these infections are widespread, a larger number of people are potentially susceptible to advanced liver cancer. For example, as per the World Health Organization, a Switzerland-based intergovernmental group, in the year 2022, chronic hepatitis B had impacted 254 million individuals worldwide, while 1.2 million new cases were documented annually. Thus, the escalating instances of chronic hepatitis infections are a significant force propelling the growth of the advanced liver cancer market.

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Who Are the Top Companies Driving Innovation and Growth in the Advanced Liver Cancer Market?

Major companies operating in the advanced liver cancer market are:

• Pfizer Inc._x000D_

• F. Hoffmann-La Roche AG_x000D_

• Merck Co. Inc._x000D_

• Bayer AG_x000D_

• Sanofi S.A._x000D_

What Key Trends Are Currently Impacting the Advanced Liver Cancer Market’s Development?

In the advanced liver cancer market, key players are prioritizing the development of unique drugs like human monoclonal antibodies. These are tailor-made to enhance the effectiveness of treatment and reduce adverse effects, thereby improving patient health outcomes. A human monoclonal antibody is an artificially produced molecule that closely resembles the immune system’s mechanism of fighting harmful pathogens or cancer cells. It identifies and targets certain antigens on the surface of these harmful entities to initiate an immune response. For example, in October 2022, the US-based pharmaceutical company AstraZeneca reported that the US Food and Drug Administration (FDA) gave its approval to Imjudo (tremelimumab) used with Imfinzi (durvalumab) for treating adult patients with inoperable hepatocellular carcinoma (HCC), the most frequently seen form of liver cancer. This approval originated from the outcomes of the HIMALAYA Phase III trial, indicating that this combined treatment decreased the death risk by 22% when compared to sorafenib. Approximately 31% of patients survived beyond three years as opposed to 20% for those administered sorafenib. The treatment plan, referred to as STRIDE, entails an initial dose of Imjudo followed by regular administrations of Imfinzi every four weeks, thus providing a fresh treatment alternative for patients with few treatment options.

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Which Segments Play a Crucial Role in the Expansion of the Advanced Liver Cancer Market?

The advanced liver cancer market covered in this report is segmented –

1) By Test Type: Imaging Test, Biopsy, Genomic Test, Other Test Types

2) By Technology: Fluorescent In Situ Hybridization, Next Generation Sequencing, Fluoroimmunoassay, Comparative Genomic Hybridization, Immunohistochemical, Other Technologies

3) By Distribution Channel: Direct Tenders, Retail Sales, Other Distribution Channel

4) By Application: Screening, Diagnostic And Predictive, Prognostic, Research

5) By End-User: Hospitals, Cancer Research Centers, Academic Institutes, Diagnostic Centers, Ambulatory Surgical Centers, Other End-Users

Subsegments:

1) By Imaging Test: Ultrasound, CT (Computed Tomography) Scan, MRI (Magnetic Resonance Imaging), PET (Positron Emission Tomography) Scan

2) By Biopsy: Needle Biopsy, Laparoscopic Biopsy, Surgical Biopsy

3) By Genomic Test: Next-Generation Sequencing (NGS), PCR (Polymerase Chain Reaction) Testing, Genetic Mutation Profiling

4) By Other Test Types: Serum Biomarker Testing, Liver Function Tests, Alpha-Fetoprotein (AFP) Test, Elastography Tests

Which Geographical Regions Are Pioneering Growth in the Advanced Liver Cancer Market?

North America was the largest region in the advanced liver cancer market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the advanced liver cancer market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

How Do Experts Define the Scope of the Advanced Liver Cancer Market?

Advanced liver cancer, also known as hepatocellular carcinoma (HCC) in its later stages, refers to liver cancer that has spread beyond the liver or grown large enough to affect liver function significantly. In this stage, the cancer may have invaded nearby blood vessels, lymph nodes, or distant organs, making treatment more challenging. Symptoms often include jaundice, abdominal pain, weight loss, and fatigue.

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