By 2030, it is anticipated that the Saudi Arabia Liver Disease Therapeutics market will reach a value of $685 Mn from $393 Mn in 2022, growing at a CAGR of 7.2% during 2022-2030. Liver Disease Therapeutics in Saudi Arabia is dominated by a few domestic pharmaceutical companies such as Tabuk Pharmaceuticals, Jamjoom Pharma, and SPIMACO. The Liver Disease Therapeutics market in Saudi Arabia is segmented into different types of disease and different therapy types. Some of the major factors affecting the Saudi Arabia Liver Disease Therapeutics market are the growing prevalence of liver diseases and unhealthy and dynamic lifestyles.
By 2030, it is anticipated that the Saudi Arabia Liver Disease Therapeutics market will reach a value of $685 Mn from $393 Mn in 2022, growing at a CAGR of 7.2% during 2022-2030.
Saudi Arabia is a high-income, developing country in the Middle East bordering the Persian Gulf and the Red Sea. Non-alcoholic fatty liver disease (NAFLD) is also a major health concern in Saudi Arabia, with a general population prevalence of up to 30% and a prevalence of up to 75% in those with diabetes or obesity. Healthy diets reduced alcohol intake, and an increased understanding of the necessity of the hepatitis B vaccine are all vital for the prevention and management of liver disease in Saudi Arabia.
According to the latest WHO data published in 2020 Liver Disease Deaths in Saudi Arabia reached 4,931 or 3.68% of total deaths. The age-adjusted Death Rate is 26.88 per 100,000 of the population ranks Saudi Arabia 69th in the world. Saudi Arabia's government spent 6.2 % of its GDP on healthcare in 2020.
Market Growth Drivers Analysis
Hepatitis B and C are the leading causes of liver disease in Saudi Arabia, accounting for over 75% of all cases. When doing business in Saudi Arabia, economic diversification and reform efforts to attract foreign investment are critical concerns. These aspects could boost Saudi Arabia's Liver Disease Therapeutics market.
Market Restraints
Due to the extensive spread of COVID-19 throughout the country, several liver transplant programmes in Saudi Arabia have reduced or temporarily ceased their transplant activity until further notice. Saudi Arabia's fragility in the non-oil sector, compounded by COVID-19, increases the danger to enterprises. These factors may deter new entrants into the Saudi Arabia Liver Disease Therapeutics market.
Key Players
August 2021: Albireo Pharma, a firm developing innovative bile acid modulators for uncommon liver diseases, has completed an ex-US commercial distributor collaboration with Genpharm Services for the Gulf area. Bylvay, the first medicine licenced for progressive familial intrahepatic cholestasis, will be commercialised, and distributed in Saudi Arabia under the terms of the agreement (PFIC). Saudi Arabia has one of the world's highest rates of PFIC. Bylvay was recently licenced in the United States for the treatment of pruritus in all subtypes of PFIC and got European Marketing authorization for the same.
In Saudi Arabia, the Saudi Food and Drug Authority (SFDA) is responsible for regulating the registration and approval of drugs, including those used for liver disease treatment. The SFDA follows a strict regulatory framework that ensures safety and efficacy of drugs. The Saudi Arabian government provides reimbursement for some liver disease treatments, including for hepatitis B and C. The New Saudi Health System (NSHS) allowed local and foreign insurance companies to deal with expatriates and citizens in the private healthcare sector.
1. Executive Summary
1.1 Disease Overview
1.2 Global Scenario
1.3 Country Overview
1.4 Healthcare Scenario in Country
1.5 Patient Journey
1.6 Health Insurance Coverage in Country
1.7 Active Pharmaceutical Ingredient (API)
1.8 Recent Developments in the Country
2. Market Size and Forecasting
2.1 Epidemiology of Disease
2.2 Market Size (With Excel & Methodology)
2.3 Market Segmentation (Check all Segments in Segmentation Section)
3. Market Dynamics
3.1 Market Drivers
3.2 Market Restraints
4. Competitive Landscape
4.1 Major Market Share
4.2 Key Company Profile (Check all Companies in the Summary Section)
4.2.1 Company
4.2.1.1 Overview
4.2.1.2 Product Applications and Services
4.2.1.3 Recent Developments
4.2.1.4 Partnerships Ecosystem
4.2.1.5 Financials (Based on Availability)
5. Reimbursement Scenario
5.1 Reimbursement Regulation
5.2 Reimbursement Process for Diagnosis
5.3 Reimbursement Process for Treatment
6. Methodology and Scope
Liver Disease Therapeutics Segmentation
By Treatment Type (Revenue, USD Billion):
By Disease Type (Revenue, USD Billion):
By Distribution Channel (Revenue, USD Billion):
Methodology for Database Creation
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