South Africa liver cancer drugs market is projected to grow from $xx Mn in 2022 to $xx Mn by 2030, registering a CAGR of xx% during the forecast period of 2022 - 2030. The rising incidence of liver cancer and the accessibility of novel medications are the two main drivers of market expansion over the forecast period. In the upcoming years, market expansion is anticipated to be fueled by increased investments in the research & development industry and the discovery of novel medicines. The major key players in this market are Bayer HealthCare Pharmaceuticals Inc. (Germany), Bristol-Myers & Squibb Company (US), Pfizer Inc. (US), Exelixis, Inc. (US), Merck Sharp & Dohme Corp. (US), Eisai Inc. (Japan), Eli Lilly and Company (US), F. Hoffmann-La Roche Ltd (Switzerland).
South Africa Liver Cancer Drugs Market is valued at around $14.1 Mn in 2022 and is projected to reach $44.8 Mn by 2030, exhibiting a CAGR of 15.6% during the forecast period 2023-2030.
Liver cancer is a type of cancer that develops in the cells of the liver. It is a chronic, life-threatening illness that develops over time and begins in the cells of the liver. Liver cancer can take many different forms, including primary hepatic cancer, which arises in hepatocyte cells, and metastatic cancer, which travels to the liver from another part of the body. Because the majority of systemic drugs are ineffectual in the treatment of liver cancer, research and development are mostly concentrated on the molecular processes involved in hepatocarcinogenesis. Future entry into the liver cancer treatment market of a large range of novel drugs with several first-in-class developments in each major target family will certainly increase the spectrum of potential patient benefits. In development and licencing agreements, small compounds made up the largest group of product candidates, followed by monoclonal antibodies. Many candidates in the pipeline aim to fix broken signalling pathway elements. Oncolytic viruses and RNA interference (RNAi) technology are two cutting-edge therapy modalities that have garnered a lot of interest in the industry. The rising incidence of liver cancer and the accessibility of novel medications are the two main drivers of market expansion over the forecast period. In the upcoming years, market expansion is anticipated to be fueled by increased investments in the research & development industry and the discovery of novel medicines. The major key players in this market are Bayer HealthCare Pharmaceuticals Inc. (Germany), Bristol-Myers & Squibb Company (US), Pfizer Inc. (US), Exelixis, Inc. (US), Merck Sharp & Dohme Corp. (US), Eisai Inc. (Japan), Eli Lilly and Company (US), F. Hoffmann-La Roche Ltd (Switzerland).
Market Growth Drivers
Globally, liver cancer is becoming more common and has surpassed cardiovascular illnesses as the second leading cause of death. Environmental factors, alcohol usage, smoking, and increasing urbanisation are the main contributors to its prevalence. For instance, according to the World Cancer Research Fund, there were over 840 000 new instances of liver cancer last year. As a result, it is anticipated that rising prevalence and need for efficient drugs will fuel market growth. Every year, the speed of cancer research and development to provide cutting-edge patient care quickens. The number of liver cancer therapy options under development has increased as a result of innovative investigations leading to combination therapies involving novel or already licenced pharmacological agents. Additionally, the large funding provided for R&D by domestic and foreign healthcare organisations is likely to have an impact on the market potential for liver cancer. When coupled with customers' growing desire for new biosimilar products, this is anticipated to hasten market expansion.
Market Restraints
When high doses of the drugs are used to treat cancer cells, the tumour cells are eliminated and the healthy body cells suffer more severe harm. As a result, a lot of people encounter a variety of negative side effects, such as gastrointestinal problems, hair loss, tiredness, skin problems, etc. As a result, the development of the global market for medicines to treat liver cancer is being hampered by significant side effects associated with anticancer drugs. The strict guidelines set forth by regulatory organisations for clinical research are another factor limiting industry growth.
Key Players
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
By Therapeutic Class
By Type
By End Users
Methodology for Database Creation
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