Non Alcoholic Steatohepatitis Biomarkers Market Overview 2024: Size, Growth Drivers, and Major Segments
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What is the Expected Growth Rate of the Non Alcoholic Steatohepatitis Biomarkers Market for the Period 2024 to 2033?
The market size for non-alcoholic steatohepatitis biomarkers has seen a significant increase in recent times. It is projected to escalate from $1.11 billion in 2023 to $1.39 billion in 2024, achieving a compound annual growth rate (CAGR) of 25.6%. Factors such as diabetes and metabolic syndrome, increasing awareness and screening initiatives, limitations in liver biopsy, regulatory backing, a shift towards individualized medicine, and clinical testing for NASH, have all contributed to the historical period growth.
There is an anticipated surge in the size of the non-alcoholic steatohepatitis biomarkers market in the approaching years. The market is projected to expand to $3.2 billion in 2028, boasting a compound annual growth rate (CAGR) of 23.1%. This growth during the predicted period can be credited to the introduction of new therapies, the proliferation of precision medicine techniques, efforts from patient advocacy groups, the incorporation of multi-omics data and increased patient involvement. The forecast period also forecasts trends such as telemedicine and remote patient monitoring, the development of novel diagnostic platforms, international research partnerships, progress in biomarker discovery technology, the implementation of artificial intelligence (AI), and the use of imaging biomarkers.
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What Factors Are Responsible for the Growth of the non alcoholic steatohepatitis biomarkers Market?
The rise in liver cancer incidents is anticipated to fuel the expansion of the non-alcoholic steatohepatitis biomarkers market. Liver cancer involves the formation of malignant tumors in the liver and may originate directly from the liver (primary liver cancer) or metastasize from different parts of the body (secondary or metastatic liver cancer). Non-alcoholic steatohepatitis (NASH) biomarkers serve several purposes in liver cancer, including early detection, monitoring disease progression, evaluating treatment response, offering prognostic details, and decreasing the necessity for invasive procedures. For example, the Journal of Hepatology, a Switzerland-based medical journal focusing on hepatology, noted in October 2022 that recent research suggests the hepatitis B virus (HBV) to be responsible for an estimated 56% of liver cancer cases. Consequently, the escalating incidence of liver cancer is stimulating the growth of the non-alcoholic steatohepatitis biomarkers market.
Which Segments Are Important for Insight into the Non Alcoholic Steatohepatitis Biomarkers Market?
1) By Type: Hepatic Fibrosis Biomarkers, Serum Biomarkers, Oxidative Stress Biomarkers, Apoptosis Biomarkers, Other Types
2) By Disease: Hypertension, Heart Disease, High Blood Lipid, Type 2 Diabetes, Obesity
3) By End Use: Research Institutes And Academics, Diagnostic Centers, Pharmaceutical Companies And Pharmaceutical Companies And Contract Research Organizations (CROs), Hospitals And Clinics, Other End-Uses
What Are the Significant Trends Reshaping the Non Alcoholic Steatohepatitis Biomarkers Sector?
A leading trend in the non-alcoholic steatohepatitis biomarkers market is the increasing popularity of technological advancements. To consolidate their market positions, major companies are focusing on the development of innovative solutions. For example, in October 2022, GENFIT, a biopharmaceutical company based in France, and LabCorp, a US-based life sciences company, struck an exclusive licensing agreement for five years concerning GENFIT’s NIS4 technology. Created to help identify individuals at risk of non-alcoholic steatohepatitis (NASH), the NIS4 technology is a unique multi-biomarker-based algorithm. It specifically singles out patients with NASH and significant to advanced fibrosis (F > 2), also known as at-risk NASH. Under the terms of this agreement, LabCorp will develop and commercialize a molecular diagnostic test that uses NIS4 technology, allowing healthcare professionals in the US and Canada broad access to the technology.
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Which Regions Are Essential for the Growth of the Non Alcoholic Steatohepatitis Biomarkers Market?
North America was the largest region in the non-alcoholic steatohepatitis biomarkers market in 2023. Asia-Pacific is expected to be the fastest-growing region in the non-alcoholic steatohepatitis biomarkers market during the forecast period. The regions covered in the non-alcoholic steatohepatitis biomarkers market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The Non Alcoholic Steatohepatitis Biomarkers 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 non alcoholic steatohepatitis biomarkers market, its market share, and analyzes key competitors along with their market positions.
The Table Of Content For The Non Alcoholic Steatohepatitis Biomarkers Market Include
1. Non Alcoholic Steatohepatitis Biomarkers Market Executive Summary
2. Non Alcoholic Steatohepatitis Biomarkers Market Segments
3. Non Alcoholic Steatohepatitis Biomarkers Market Size And Template Market Growth Rate
4. Key Non Alcoholic Steatohepatitis Biomarkers Market Trends
5. Major Non Alcoholic Steatohepatitis Biomarkers Market Drivers
……
25. Key Mergers And Acquisitions In The Non Alcoholic Steatohepatitis Biomarkers Market
26. Top Non Alcoholic Steatohepatitis Biomarkers Companies
27. Non Alcoholic Steatohepatitis Biomarkers Market Opportunities And Strategies
28. Non Alcoholic Steatohepatitis Biomarkers Market, Conclusions And Recommendations
29. Appendix
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