Market Size of Global Non-alcoholic Steatohepatitis Therapeutics And Diagnostics Industry
Study Period | 2019 - 2029 |
Market Size (2024) | USD 20.66 Billion |
Market Size (2029) | USD 48.46 Billion |
CAGR (2024 - 2029) | 18.58 % |
Fastest Growing Market | Asia-Pacific |
Largest Market | North America |
Major Players*Disclaimer: Major Players sorted in no particular order |
Non Alcoholic Steatohepatitis Therapeutics and Diagnostics Market Analysis
The Global Non-alcoholic Steatohepatitis Therapeutics And Diagnostics Market size is estimated at USD 20.66 billion in 2024, and is expected to reach USD 48.46 billion by 2029, growing at a CAGR of 18.58% during the forecast period (2024-2029).
COVID-19 had a significant impact on the market over the pandemic period. As per the Wiley article published in May 2021, considering that immunological dysregulation and inflammation were linked to chronic liver disease (CLD), people with CLD were more likely to experience negative consequences after contracting COVID-19. Initial COVID-19 data also revealed that healthy infected people showed abnormal liver function tests, raising the possibility that COVID-19 was directly responsible for liver damage. Additionally, as per the article published by Wolters Kluwer Journal in November 2022, patients with or without pre-existing liver disease may present with elevated aminotransferases in COVID-19. Hence, COVID-19 significantly impacted the non-alcoholic steatohepatitis therapeutics and diagnostics market due to the liver disease risk among the infected patients. In addition, the demand for non-alcoholic steatohepatitis therapeutics is expected to remain intact due to the increasing focus on liver disease treatment and diagnosis during the post-pandemic period, thereby contributing to the growth of the market over the forecast period.
The major factors driving the market's growth are the increase in the NASH-affected population, the rising global prevalence of diabetic and obese populations, and the increasing awareness about NAFLD/NASH. For instance, as per the Global Liver Institute 2022 update, NASH is a progressive form of nonalcoholic fatty liver disease (NAFLD) and will affect more than 115 million people worldwide in 2021. The same source also reported that an estimated 357 million people will likely be affected by 2030. Also, according to the International Diabetes Federation Diabetes Atlas Tenth edition 2021, in 2021, around 537 million adults worldwide were found to have diabetes, projected to grow to 643 million by 2030 and 783 million by 2045. Such increasing prevalence of diabetes leading to the increase of non-alcoholic fatty liver diseases is expected to drive the demand for NASH diagnostics and therapeutics, thereby contributing to the market's growth.
Also, increased research and development of products by various key market players are anticipated to boost market growth. For instance, as per the report from 2021, an investigator-led Phase II trial investigating AbbVie's nonalcoholic steatohepatitis (NASH) asset cenicriviroc (CVC) in hospitalized COVID-19 patients has so far recruited 45 patients of its 183-participant target. The understanding of the pathogenesis and progression of NASH has evolved, and several promising novel therapies associated with the same are being evaluated.
However, the lack of effective diagnostics for nonalcoholic fatty liver disease (NAFLD) and slow advancements in the therapeutic field restrains the market growth.
Non Alcoholic Steatohepatitis Therapeutics and Diagnostics Industry Segmentation
As per the scope of the report, non-alcoholic steatohepatitis (NASH) is an advanced form of non-alcoholic fatty liver disease (NAFLD). NASH is liver inflammation and damage caused by the buildup of fat in the liver. It is part of a group of conditions called non-alcoholic fatty liver disease (NAFLD). The Non-alcoholic Steatohepatitis Therapeutics and Diagnostics Market is segmented by Product (Therapeutics and Diagnostics(Imaging Techniques, Diagnostic Tests, Biopsy) and Geography (North America, Europe, Asia-Pacific, Middle East and Africa, and South America). The market report also covers the estimated market sizes and trends for 17 countries across major regions globally. The report offers the value (in USD million) for the above segments.
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Global Non-alcoholic Steatohepatitis Therapeutics And Diagnostics Market Size Summary
The Non-Alcoholic Steatohepatitis (NASH) therapeutics and diagnostics market is poised for significant growth, driven by an increasing global prevalence of diabetes and obesity, which are key contributors to the condition. The market is experiencing a surge in demand for effective diagnostics and therapeutics, fueled by heightened awareness and research advancements. The COVID-19 pandemic has further underscored the importance of liver health, as it revealed potential liver damage in infected individuals, thereby amplifying the focus on NASH-related treatments. Despite challenges such as the slow advancement in therapeutic options and the need for more effective diagnostics, the market is supported by ongoing research and development efforts by major players, which are expected to introduce innovative solutions and drive market expansion.
North America is anticipated to be a leading region in the NASH therapeutics and diagnostics market, attributed to the high prevalence of obesity and diabetes, along with the presence of key market players and frequent product developments. The region's market growth is bolstered by the introduction of novel diagnostic tests and therapies, such as non-invasive liquid biopsy tests, which promise earlier disease diagnosis. Collaborative efforts among industry leaders, like those between Echosens and Novo Nordisk, aim to enhance disease awareness and diagnosis. The market's competitive landscape is characterized by the involvement of prominent companies such as Galmed, Intercept, and Genfit SA, which are actively working on advancing NASH treatments and diagnostics, thereby contributing to the market's robust growth trajectory.
Global Non-alcoholic Steatohepatitis Therapeutics And Diagnostics Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Overview
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1.2 Market Drivers
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1.2.1 Increase in NASH-Affected Population
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1.2.2 Rising Global Prevalence of Diabetic and Obese Populations
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1.2.3 Increasing Awareness About NAFLD/NASH
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1.3 Market Restraints
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1.3.1 Lack of Effective Diagnostics for Non-alcoholic Fatty Liver Disease (NAFLD)
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1.3.2 Slow Advancements in the Therapeutic Field
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1.4 Porter's Five Forces Analysis
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1.4.1 Threat of New Entrants
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1.4.2 Bargaining Power of Buyers/Consumers
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1.4.3 Bargaining Power of Suppliers
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1.4.4 Threat of Substitute Products
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1.4.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION (Market Size by Value - USD Million)
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2.1 By Product
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2.1.1 Therapeutics
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2.1.2 Diagnostics
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2.1.2.1 Imaging Techniques
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2.1.2.2 Diagnostic Tests
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2.1.2.3 Biopsy
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2.2 Geography
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2.2.1 North America
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2.2.1.1 United States
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2.2.1.2 Canada
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2.2.1.3 Mexico
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2.2.2 Europe
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2.2.2.1 Germany
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2.2.2.2 United Kingdom
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2.2.2.3 France
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2.2.2.4 Italy
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2.2.2.5 Spain
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2.2.2.6 Rest of Europe
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2.2.3 Asia-Pacific
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2.2.3.1 China
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2.2.3.2 Japan
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2.2.3.3 India
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2.2.3.4 Australia
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2.2.3.5 South Korea
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2.2.3.6 Rest of Asia-Pacific
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2.2.4 Middle East and Africa
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2.2.4.1 GCC
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2.2.4.2 South Africa
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2.2.4.3 Rest of Middle East and Africa
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2.2.5 South America
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2.2.5.1 Brazil
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2.2.5.2 Argentina
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2.2.5.3 Rest of South America
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Global Non-alcoholic Steatohepatitis Therapeutics And Diagnostics Market Size FAQs
How big is the Global Non-alcoholic Steatohepatitis Therapeutics And Diagnostics Market?
The Global Non-alcoholic Steatohepatitis Therapeutics And Diagnostics Market size is expected to reach USD 20.66 billion in 2024 and grow at a CAGR of 18.58% to reach USD 48.46 billion by 2029.
What is the current Global Non-alcoholic Steatohepatitis Therapeutics And Diagnostics Market size?
In 2024, the Global Non-alcoholic Steatohepatitis Therapeutics And Diagnostics Market size is expected to reach USD 20.66 billion.