By 2030, it is anticipated that the UK Liver Disease Therapeutics market will reach a value of $803 Mn from $600 Mn in 2022, growing at a CAGR of 3.7% during 2022-2030. Liver Disease Therapeutics in the UK is dominated by a few domestic pharmaceutical companies such as Intercept Pharmaceuticals, Gilead Sciences, AstraZeneca and Shire. The Liver Disease Therapeutics market in the UK is segmented into different types of disease and different therapy types. Some of the major factors affecting the UK Liver Disease Therapeutics market are the growing prevalence of liver diseases and unhealthy and dynamic lifestyles.
By 2030, it is anticipated that the UK Liver Disease Therapeutics market will reach a value of $803 Mn from $600 Mn in 2022, growing at a CAGR of 3.7% during 2022-2030.
The UK is a high-income, developed island country spanning an archipelago including Great Britain, located in Western Europe comprising England, Scotland, Wales, and Northern Ireland. Liver disease is the fifth leading cause of mortality in the United Kingdom and the only major cause of death that is on the rise. According to the most recent WHO data, 7,666 people died from liver disease in the United Kingdom in 2020, accounting for 1.50 % of all deaths.
With an age-adjusted death rate of 7.90 per 100,000 inhabitants, the United Kingdom ranks 142nd in the world. 90% of liver disease in the UK is caused by alcohol, obesity, and viral hepatitis, and is thus preventable. Every year, approximately 1000 liver transplants are performed. At any given time, 350 patients are waiting for a liver transplant. UK's government spends 12 % of its GDP on healthcare.
Market Growth Drivers Analysis
In the United Kingdom, the prevalence of liver illnesses is rising. 63 % of UK adults are now classified as obese or overweight, and one in every three has the early-stage non-alcohol-related fatty liver disease (NAFLD). Viral hepatitis affects approximately 215,000 persons in the United Kingdom, with approximately half of these cases going untreated. Pharmaceuticals is a cutting-edge industry in the United Kingdom. These aspects could boost the UK Liver Disease Therapeutics market.
Market Restraints
People from lower socioeconomic origins are disproportionately affected by the liver disease because they are more prone to engage in risky behaviours such as heavy alcohol intake and bad diets. Low productivity and a lack of training in the United Kingdom are not conducive to innovation. While developing new pharmaceuticals and cures, it is necessary to follow regulatory rules established by organisations such as the UK's Medicines and Healthcare products Regulatory Agency (MHRA). These criteria can be complicated and time-consuming, resulting in delays and higher expenses. These factors may deter new entrants into the UK Liver Disease Therapeutics market.
Key Players
January 2023: Intercept Pharmaceuticals, a biopharmaceutical company, said that the FDA has approved Intercept's New Drug Application (NDA) for obeticholic acid (OCA), which seeks fast clearance for the treatment of patients with pre-cirrhotic liver fibrosis caused by non-alcoholic steatohepatitis (NASH). The FDA stated that this is a comprehensive Class 2 resubmission and has assigned the NDA a Prescription Drug User Fee Act (PDUFA) target action date of June 2023. The FDA's schedule for reviewing the NDA is still open to change.
In the UK, liver disease therapeutics are regulated by the Medicines and Healthcare products Regulatory Agency (MHRA), which is responsible for ensuring the safety, quality, and efficacy of medicines. The MHRA evaluates the clinical data on new drugs and decides whether to approve them for use in the UK market. The National Institute for Health and Care Excellence (NICE) is responsible for evaluating the cost-effectiveness of new drugs and making recommendations to the NHS on whether to reimburse them.
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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