Asia Pacific Liver Cancer Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

APAC Liver Cancer Market Analysis

The Asia-Pacific liver cancer market is anticipated to register a CAGR of 5.2% over the forecast period.

The emergence of COVID-19 had a major impact on patients with diseases other than COVID-19 due to the high burden on healthcare resources, owing to the increasing infection rate of the SARS-CoV-2 virus. The liver cancer market was also impacted by the pandemic as it delayed or rescheduled diagnostics and treatment procedures. There was a decline in footfall in hospitals for treatment and diagnostics of new cancer cases as people with comorbidity were at higher risk of COVID-19. For instance, according to a research study published in NCBI in February 2021, the standard treatment of patients with liver cancer was significantly impacted by the first wave of the COVID-19 pandemic. However, with the decreasing COVID-19 cases and large-scale vaccination programs, the liver cancer market has reached its pre-pandemic level growth.

The major factors driving the market's growth include the rising burden of liver cancer, increasing R&D investments for developing novel therapies along with government initiatives to increase cancer awareness. For instance, in May 2022, a research study published by BioMed Central Ltd stated that in India more than 40% of the total cancer burden was contributed by the seven leading cancer sites including liver cancer contributing to 4.6%. Besides, around 6% of liver cancer cases resulted in a disability-adjusted life year (DALY) in males. Thus, the increasing prevalence of liver cancer is expected to create demand for advanced diagnostics and therapeutics which is expected to contribute to the market's growth over the forecast period.

Moreover, the increasing research activities and funding in the area are further expected to boost the market growth. For instance, in February 2022, Edith Cowan University of Australia received USD 2.35 million to support a new form of radiotherapy treatment for liver cancer and to conduct trials in several locations across Australia over the next five years. Hence, the huge burden of liver cancer and its risk factors, coupled with ongoing R&D activities, is expected to boost the market's growth over the forecast period.

However, factors such as side effects associated with certain medications, the high cost of cancer therapies, and stringent regulatory scenarios are expected to restrain the market growth over the forecast period.

APAC Liver Cancer Market Trends

Hepatocellular Carcinoma Segment is Expected to Witness Significant Growth over the Forecast Period

APAC Liver Cancer Industry Segmentation

As per the scope of the report, liver cancer is a chronic, life-threatening, and progressive disorder that begins in the cells of the liver. Liver cancer can be of different types, such as cancer that begins in hepatocyte cells, known as primary hepatic cancer, and cancer that spreads to the liver from other parts of the body, known as metastatic cancer. The Asia-Pacific Liver Cancer Market is Segmented by Cancer Type (Primary Liver Cancer (Hepatocellular Carcinoma (HCC), Hepatoblastoma, Other Primary Liver Cancer), Secondary Liver Cancer (Hemangioma, Hepatic adenoma, Other Secondary Liver Cancer), Type (Diagnostic (Ultrasound Scans, Confirmatory Needle Biopsy, Endoscopic Ultrasound, CT Scan, PET Scan, and Other Diagnostic), and Therapeutics (Targeted Therapy, Radiation Therapy, Chemotherapy, and Other Therapeutics), End User (Hospitals and Other End Users), and Geography (China, Japan, India, Australia, South Korea, Rest of Asia-Pacific). The report offers the value (USD million) for the above segments. The report offers the value (USD million) for the above segments.