The Asia-Pacific Liver Cancer Therapeutics Market was worth $97.24 million in 2016 and estimated to be growing at a CAGR of 10.05%, to reach $156.96 million by 2021.
Recent advances in the treatment for primary liver cancer might deliver some stimulating pointers mainly in the Asian market where sickness and ethnic characteristics demand assessment.
In the Developing regions, such as East and South-East Asia liver cancer is the third most common tumour and the second primary cause of death. Treatment for liver cancer is reliant on numerous factors such as size, type and age of the tumour and whether the cancer has extended outside the liver.
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Asia Pacific characterises as the fastest growing liver cancer treatment market owing to the rising geriatric populations.This increasing number of liver cancer cases in the Asian countries involves huge number of drugs for the treatment or prevention of liver cancer and tumours.
Further, growing healthcare expenditure and increasing government initiatives are also augmenting the growth of this market. Huge capital investment is a key restraint hindering the growth of the market.
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The Asia-Pacific liver cancer therapeutics market is segmented on the basis of type into primary, secondary and benign liver growths. On the basis of therapeutics, the market is bifurcated into hepatocellular carcinoma, Cholangio carcinoma, Hepatoblastoma and targeted therapy.
By end-use the market is divided amongst pediatrics and adults. Hepatocellular Carcinoma is the largest segment for therapeutics type due to the high prevalence of this type of liver cancer among people.
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Based on geography the market is analysed under various regions namely, China, India, Japan, South Korea and Australia. China is the country in terms of revenue of the market for this region while India and Japan are projected to grow at a high rate in the forecast period.
Some of the key contributors in the industry include Alnylam Pharmaceuticals Inc., ImClone Systems Inc., Onyx Pharmaceuticals Inc., F. Hoffmann-La Roche Ltd., Pfizer Inc., ArQule Inc., Jennerex Biotherapeutics Inc., Celsion Corp., Bayer Schering Pharma AG, 4SC AG, and Bristol-Myers Squibb Company.
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