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Hepatic Encephalopathy Treatment Market Share, Size & Forecast by 2033
During the forecast period 2023 to 2033, the Hepatic Encephalopathy Treatment Market is expected to grow at a value of 6.5% CAGR, according to Future Market Insights. By the year 2033, the global market for Hepatic encephalopathy treatment is expected to rise up to a market valuation of US$ 2971.51 Million. The growth of the market can be attributed to the increasing prevalence of liver diseases such as cirrhosis and non-alcoholic fatty liver disease (NAFLD).
One of the key factors driving the growth of the Hepatic Encephalopathy Treatment Market is the development of new and innovative treatments for HE. In recent years, several new medications have been approved for the treatment of HE, including rifaximin, lactulose, and neomycin. These medications work by reducing the levels of toxins in the gut or preventing their absorption into the bloodstream, which can help reduce the severity of HE symptoms.
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https://www.futuremarketinsigh....ts.com/reports/sampl
Another factor driving the growth of the Hepatic Encephalopathy Treatment Market is the increasing awareness and diagnosis of HE. As the prevalence of liver diseases such as cirrhosis and NAFLD continues to rise, more individuals are being diagnosed with HE and seeking treatment. In addition, advancements in diagnostic technologies have made it easier for healthcare professionals to identify HE in its early stages, allowing for earlier intervention and better outcomes.
Key Takeaways from the Market Study:
The Hepatic encephalopathy treatment market is expected to grow at a value of 6.5% CAGR in the forecast period 2023-2033
Hospital pharmacies are expected to hold 49% of the market share in 2023 for Hepatic encephalopathy treatment market.
North America is expected to possess 44% market share for Hepatic encephalopathy treatment market in 2023.
Asia Pacific Hepatic encephalopathy treatment market size is expected to possess 39% market share in 2023.
“The Hepatic Encephalopathy Treatment Market is also being driven by the increasing adoption of combination therapies for HE.” states an FMI analyst
Competitive Landscape:
Key players in the hepatic encephalopathy treatment market are Mallinckrodt Pharmaceuticals, Salix Pharmaceuticals, GlaxoSmithKline plc., Pfizer Inc., ASKA Pharmaceutical Co., Ltd., Bausch Health, Johnson & Johnson Services, Inc., Janssen Global Services, Takeda Pharmaceutical Company Limited, Merck & Co., Inc.
Mallinckrodt Pharmaceuticals has developed and marketed several medications for the treatment of Hepatic Encephalopathy that include Ofirmev and Terlipressin (Glypressin) injection. In addition to these medications, Mallinckrodt Pharmaceuticals has also sponsored clinical research into the treatment of HE, with a focus on developing new treatments and improving the understanding of the condition.
Salix Pharmaceuticals has developed Xifaxan (rifaximin) tablets. Xifaxan is an antibiotic medication that works by reducing the levels of bacteria in the gut, which can help reduce the production of toxins that contribute to the development of HE.
Key Segments Profiled in the Hepatic Encephalopathy Treatment Industry Survey
Drug Class:
Antibiotics
Laxatives
L-ornithine
L-aspartate
Diagnosis:
Blood Tests
CT Scan
Liver Functioning Tests
Route of Administration:
Oral
Injectable
Intravenous
Others
Distribution Channel:
Hospital Pharmacy
Online Pharmacy
Retail Pharmacy
Region:
North America
Latin America
Europe
South Asia
East Asia
Oceania
Middle East & Africa
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Progressive Multifocal Leukoencephalopathy Treatment Market by 2033
The global Progressive Multifocal Leukoencephalopathy Treatment Market revenue is predicted to generate a value of US$ 1,320 million in 2023 and a market value of US$ 1,773.97 million by 2033, with a CAGR of 3% from 2023 to 2033. From 2018 to 2022, the market for Progressive Multifocal Leukoencephalopathy Treatment grew at a 2% CAGR.
According to the most recent research, PML affects around one in every 200,000 people. According to the same article, it is projected that 4,000 persons in the United States and Europe get PML each year. The rising demand for these therapies is projected to spur the development of new and innovative treatments, propelling the industry forward in the coming years.
North America is expected to gain a market share of around 40% throughout the projection period. This increase is due to the increasing incidence of the illness in the region. Furthermore, government efforts and an increase in the number of research collaborations are encouraging market expansion in North America. Because of a shift towards point-of-care healthcare, Asia Pacific is a booming market. The growing number of hospitals in India and China creates a global business opportunity.
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https://www.futuremarketinsigh....ts.com/reports/sampl
Key Takeaways from the Market Study
The Progressive Multifocal Leukoencephalopathy Treatment market increased at a 2% CAGR from 2018 to 2022.
From 2023 to 2033, the global Progressive Multifocal Leukoencephalopathy Treatment market is estimated to rise at a 3% CAGR.
The Progressive Multifocal Leukoencephalopathy Treatment Market is anticipated to be worth US$ 1773.97 million by 2033.
Hospital pharmacies have the biggest market share, according to the FMI research.
North America is estimated to have 40% of the market for Progressive Multifocal Leukoencephalopathy Treatment.
The South and East Asia market is expected to grow significantly throughout the projected period, accounting for 20% of the total.
Market Competition
Key players in the market include pharmaceutical companies such as NeoImmuneTech, Neurimmune, GlaxoSmithKline Plc, Sanofi S.A., Gilead Sciences, Inc., Allergan Plc., Novartis AG, AbbVie Inc., and Bristol-Myers Squibb Company along with healthcare providers and technology companies among other global players.
In October 2022, Cellevolve Bio, Inc., a company focused on developing and commercializing cell therapies, announced that its Investigational New Drug (IND) application for CE-VST01-JC has been approved by the US Food and Drug Administration (FDA). CE-VST01-JC is a JC Virus Specific T Cell Therapy that is being studied for the treatment of progressive multifocal leukoencephalopathy (PML) and has received orphan drug designation from the FDA.
The safety and effectiveness of CE-VST01-JC will be tested in a global, multi-center, randomized, double-blind, placebo-controlled Phase 2 study called ASCEND-JC. The study is expected to enroll up to 60 patients across the US, Canada, and EU, with the first patient enrollment anticipated in the first half of 2023.
More Insights Available
FMI, in its new offering, presents an unbiased analysis of the global Progressive Multifocal Leukoencephalopathy Treatment market, presenting historical analysis from 2018 to 2022 and forecast statistics for the period of 2023 to 2033.
The study reveals essential insights on the basis of indication, treatment, distribution channel, end-users and region.
Key Segments Profiled in the Progressive Multifocal Leukoencephalopathy Treatment Industry Survey
Treatment:
Anti-retroviral Therapy
Antiviral/Anti JCV
Other Symptomatic
Distribution Channel:
Hospital Pharmacies
Retail Pharmacies
Online Pharmacies
Indication:
HIV/AIDS
Organ Transplantation
Multiple Sclerosis
Hematologic Malignancies
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