2024-2033 Hepatic Encephalopathy Market: Key Insights on Growth Opportunities
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What is the Expected Growth Rate of the Hepatic Encephalopathy Market from 2024 to 2033?
The hepatic encephalopathy market has grown steadily in recent years. It will rise from $1.62 billion in 2023 to $1.72 billion in 2024, at a compound annual growth rate (CAGR) of 6.0%. This growth can be attributed to the prevalence of liver diseases, growing awareness of hepatic encephalopathy, government initiatives, and the emergence of new liver therapies.
The hepatic encephalopathy market is expected to grow strongly, reaching $2.1 billion by 2028, with a CAGR of 5.2%. The growth is driven by the aging population, the expansion of treatment options, rising healthcare infrastructure spending, and investments in hepatic encephalopathy treatments. Trends include the launch of emerging therapies, clinical trials, advances in liver transplantation, pharmaceutical innovations, nutritional and dietary management, and the adoption of telemedicine.
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The growing prevalence of liver diseases is anticipated to drive the hepatic encephalopathy market. Liver diseases can lead to complications such as hepatic encephalopathy, where treatment aims to alleviate symptoms and improve liver function. The Office for Health Improvement and Disparities reported a 3.7% increase in premature deaths from liver disease in the UK in 2021, signaling a growing need for treatments like hepatic encephalopathy care.
1) By Drug Class: Antibiotics, Laxatives, L-Ornithine, L-Aspartate, Other Drug Classes
2) By Route Of Administration: Oral, Intravenous, Rectal
3) By Distribution Channel: Hospital Pharmacies, Retail Pharmacies, Online Pharmacies
Companies in the hepatic encephalopathy market are developing new drugs to treat the condition. In June 2023, Karolinska Development AB, a pharmaceutical company based in Sweden, created GR3027 (golexanolone) for hepatic encephalopathy. This orally administered GABAA-receptor-modulating steroid antagonist (GAMSA) aims to counteract positive GABAA-receptor modulation by endogenous neuroactive steroids. The drug is being tested for CHE in Phases I/IIa.
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North America was the largest region in the food waste management market in 2023. Asia Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the food waste management market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The Hepatic Encephalopathy Global Market Report 2024 offers a comprehensive overview of the audio equipment market, covering historical data from 2010 to 2021 and providing a ten-year forecast from 2023 to 2032. This report examines the size of the hepatic encephalopathy market, its market share, and analyzes key competitors along with their market positions.
The Table Of Content For The Hepatic Encephalopathy Market Include
1. Hepatic Encephalopathy Market Executive Summary
2. Hepatic Encephalopathy Market Segments
3. Hepatic Encephalopathy Market Size And Template Market Growth Rate
4. Key Hepatic Encephalopathy Market Trends
5. Major Hepatic Encephalopathy Market Drivers
……
25. Key Mergers And Acquisitions In The Hepatic Encephalopathy Market
26. Top Hepatic Encephalopathy Companies
27. Hepatic Encephalopathy Market Opportunities And Strategies
28. Hepatic Encephalopathy Market, Conclusions And Recommendations
29. Appendix
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