Rising Incidence of Cancer
In 2017, according to the American Cancer Society, there would be 29,000 cases of cancer death in US. Liver cancer incidence has been rising in the US since the mid-1970s, and it is expected to continue to grow through till 2030. Change in the current lifestyle of individuals has led to the exposure of a large amount of population to the risk factors that contribute to liver cancer. The risk factors include hepatitis (caused by either the hepatitis B or hepatitis C virus), type 2 diabetes, metabolic disorders & excess body weight, alcohol consumption, and tobacco smoking. It has also been shown that liver cancer risk increases substantially with the increase in one’s body mass index (BMI). More than half of the adult population in the US is overweight. Along with this high demand for therapeutic drugs for liver cancer, this creates great opportunities for manufacturers to produce more drugs and create a competitive landscape.
Stringent Regulatory Policies for Therapeutics
In the expanding market for therapeutics, there are stringent regulatory policies in place to ensure the safety of such drugs. These policies are well studied. However, while rigorous regulatory procedures guarantee the quality of the product entering the market, they also delay the entry of a drug or device into the market which could be beneficial to patients suffering from a disease. Pre-market approval is an FDA process of scientific and regulatory review to evaluate the safety and effectiveness of drugs. There have been procedures by the FDA to heighten the post-market surveillance. The FDA review process takes twice the amount of time as the European regulatory commissions review bodies. Hence, citizens from countries where the review process is shorter benefit more than countries with longer review processes and stringent regulations. The presence of stringent regulations is dampening the innovation in the market and hindering the growth of this market. Strict regulatory policies have resulted in a reduction of investment by medical device manufacturers and drug companies in R&D of new products.
North America Dominates the Market
North America dominates the global liver cancer therapeutics market, owing to high incidence of liver cancer, technological advancement in therapeutics, and growing popularity of non-invasive radiation therapies in the region, leading to growing adoption of liver cancer therapeutics. Asia-Pacific is expected to grow during the forecast period owing to factors such as high prevalence of cancer, less stringent regulatory scenario, and presence of huge population base.
Key Developments in the Market
- September 2017 - Food and Drug Administration (FDA) granted accelerated approval to the immunotherapy drug nivolumab (Opdivo®)for some patients with advanced liver cancer
Reasons to Purchase this Report
- Current and future global liver cancer therapeutics market outlook in the developed and emerging markets
- Analysis of various perspectives of the market with the help of Porter’s five forces analysis
- Identifying the segment that is expected to dominate the market
- Regions that are expected to witness fastest growth during the forecast period
- Identify the latest developments, market shares, and strategies employed by the major market players
- 3 months analyst support, along with the Market Estimate sheet (in Excel)
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1.1 Market Definition
2. Research Methodology
3. Executive Summary
4. Key Inferences
5. Market Overview
5.1 Current Market Scenario
5.2 Porter's Five Forces Analysis
5.2.1 Bargaining Power of Suppliers
5.2.2 Bargaining Power of Consumers
5.2.3 Threat of New Entrants
5.2.4 Threat of Substitute Product and Services
5.2.5 Competitive Rivalry within the Industry
6. Drivers, Restraints, Opportunities and Challenges Analysis (DROC)
6.1 Market Drivers
6.1.1 Rising Incidence of Cancer
6.1.2 High unmet medical needs
6.2 Market Restraints
6.2.1 Adverse effects of drugs
6.2.2 Poor patient adherence
6.2.3 Stringent regulatory Policies for Therapeutics
6.4 Key Challenges
7. Market Segmentation
7.1 By Therapeutics
7.1.1 Hepatocellular Carcinoma
7.1.2 Cholangio Carcinoma
7.1.4 Targeted Therapy
7.2 By End Users
7.3 By Geography
7.3.1 North America
220.127.116.11 United States
18.104.22.168 United Kingdom
22.214.171.124 Rest Of Europe
126.96.36.199 Australia & New Zealand
188.8.131.52 South Korea
184.108.40.206 Rest of Asia-Pacific
7.3.4 Middle East & Africa
220.127.116.11 South Africa
18.104.22.168 Rest of the Middle East & Africa
7.3.5 South America
22.214.171.124 Rest of South America
8. Competitive Landscape
8.1 Mergers & Acquisition Analysis
8.2 Agreements, Collaborations, and Partnerships
8.3 New Products Launches
9. Key Players
9.1 Alnylam Pharmaceuticals Inc.
9.2 Onyx Pharmaceuticals Inc.
9.3 F. Hoffmann-La Roche Ltd.
9.4 Pfizer Inc.
9.5 ArQule Inc.
9.6 Jennerex Biotherapeutics Inc.
9.7 Celsion Corp.
9.8 Bayer Schering Pharma AG
9.9 4SC AG
9.10 Bristol-Myers Squibb Company
9.11 List Not Exhaustive
10. Future of the Market
- Alnylam Pharmaceuticals Inc.
- Onyx Pharmaceuticals Inc.
- F. Hoffmann-La Roche Ltd.
- Pfizer Inc.
- Arqule Inc.
- Jennerex Biotherapeutics Inc.
- Celsion Corp.
- Bayer Schering Pharma Ag
- 4Sc Ag
- Bristol-Myers Squibb Company