Non-Alcoholic Steatohepatitis Biomarkers Global Market Outlook 2023-2032: Size And Growth Rate Analysis
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The global non-alcoholic steatohepatitis (NASH) biomarkers market is on a trajectory of substantial growth, projected to surge from $0.88 billion in 2022 to $1.10 billion in 2023, with an impressive compound annual growth rate (CAGR) of 24.7%. Looking ahead, the market is anticipated to reach $2.54 billion in 2027, maintaining a robust CAGR of 23.2%. Delve into the key factors propelling this growth, major players shaping the landscape, emerging technological trends, and crucial market segments.
- Rising Prevalence of NASH: Catalyst for Market Growth
- The escalating prevalence of non-alcoholic steatohepatitis (NASH) is a significant driver for the growth of the biomarkers market.
- NASH, a severe form of fatty liver disease characterized by inflammation, is on the rise, particularly among overweight and obese individuals.
- The use of NASH biomarkers is crucial for diagnosis and effective treatment, addressing the increasing incidence of this severe liver condition.
- Statistics from “The Impact of Nonalcoholic Fatty Liver Disease in Primary Care” predict a surge in Americans with non-alcoholic fatty liver disease, reaching 100.9 million by 2030.
*2. Major Players Shaping the Market Landscape
- The non-alcoholic steatohepatitis biomarkers market is influenced by major players such as Genfit, Siemens Medical Solutions USA Inc., and BioPredictive.
- Other key contributors include AstraZeneca Plc., Pfizer Inc., Gilead Sciences Inc., and Novartis AG, among others.
- The strategic positioning and innovations by these major players are poised to significantly impact market dynamics.
*3. Technological Advancements: Driving Innovation in Biomarkers
- Technological advancements stand out as a key trend in the non-alcoholic steatohepatitis biomarkers market.
- Companies are actively pursuing innovative solutions, exemplified by the exclusive licensing deal between GENFIT and LabCorp for the NIS4 technology.
- NIS4 technology, a multi-biomarker-based algorithm, aids in identifying patients at risk of NASH and significant fibrosis, showcasing the market’s commitment to cutting-edge solutions.
*4. Segmentation for Precision Understanding
The non-alcoholic steatohepatitis biomarkers market is thoughtfully segmented to provide a nuanced understanding of its diverse facets. These segments include:
- Type: Hepatic Fibrosis Biomarkers, Serum Biomarkers, Oxidative Stress Biomarkers, Apoptosis Biomarkers, and Other Types.
- Disease: Hypertension, Heart Disease, High Blood Lipid, Type 2 Diabetes, and Obesity.
- End Use: Research Institutes and Academics, Diagnostic Centres, Pharmaceutical Companies and Contract Research Organizations (CROs), Hospitals and Clinics, and Other End-Uses.
Understanding these distinctions is pivotal for stakeholders aiming to navigate the market effectively, tailor strategies to specific segments, and maximize their impact.
*5. Regional Dynamics: North America Leading the Charge
- North America takes the lead as the largest region in the non-alcoholic steatohepatitis biomarkers market in 2022.
- The Asia-Pacific region is expected to witness significant growth, emerging as the fastest-growing region during the forecast period.
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The Non-Alcoholic Steatohepatitis Biomarkers Global Market Report 2023 provides a comprehensive overview on the non-alcoholic steatohepatitis biomarkers market size, trends and drivers, opportunities, strategies, and companies analysis. Through our reports businesses can effectively analyze data and frame well-informed strategies
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