The 7 major hepatocellular carcinoma markets reached a value of US$ 780 Million in 2023. Looking forward, IMARC Group expects the 7MM to reach US$ 1,520 Million by 2034, exhibiting a growth rate (CAGR) of 6.3% during 2024-2034.
Report Attribute
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Key Statistics
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Base Year |
2023
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Forecast Years | 2024-2034 |
Historical Years |
2018-2023
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Market Size in 2023
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US$ 780 Million |
Market Forecast in 2034
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US$ 1,520 Million |
Market Growth Rate (2024-2034)
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6.3% |
The hepatocellular carcinoma market has been comprehensively analyzed in IMARC's new report titled "Hepatocellular Carcinoma Market: Epidemiology, Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2024-2034". Hepatocellular carcinoma (HCC) is a type of oncological disease that arises from the hepatocytes or liver cells. It is a severe illness that can destroy hepatic cells and interfere with the liver's ability to function, causing life-threatening complications. The symptoms of the ailment vary depending on the stage and size of the tumor, and many people may not experience any indications at all. Some of the non-specific symptoms include abdominal pain, nausea, vomiting, tiredness, etc. Individuals suffering from hepatocellular carcinoma may also experience yellow skin, loss of appetite, abdominal swelling, unintentional weight loss, easy bruising, etc. The diagnosis of this ailment is typically based on the patient's symptoms, blood testing, and imaging evaluation. The healthcare provider may also perform numerous diagnostic procedures, such as multi-phase computerized tomography scans and contrast-enhanced magnetic resonance imaging, to detect disease staging among patients. Additionally, a biopsy or ultrasound of the tumor is required to confirm the diagnosis of hepatocellular carcinoma.
The increasing incidences of chronic hepatitis B and C infections, which cause long-term liver inflammation and lead to the development of cirrhosis, are primarily driving the hepatocellular carcinoma market. In addition to this, the rising prevalence of several associated risk factors, including excessive alcohol consumption, obesity, diabetes, accumulation of fat in the liver, etc., is also bolstering the market growth. Furthermore, the widespread adoption of monoclonal antibodies for treating unresectable or advanced disease conditions is acting as another significant growth-inducing factor. This medication can prevent the proliferation of unhealthy cells, thereby reducing tumors' ability to grow and metastasize. Additionally, the escalating demand for locoregional therapies, such as thermal ablation and transarterial chemoembolization, that aim to decrease tumor viability, delay disease progression, and ultimately extend overall survival is also creating a positive outlook for the market. Moreover, the inflating utilization of selective internal radiation therapy, which potently delivers millions of tiny radioactive beads directly to liver tumors and provides cancer irradiation, is further augmenting the market growth. Apart from this, the emerging popularity of percutaneous ethanol injection among patients with early-stage HCC who are not candidates for surgery or other more invasive treatments is expected to drive the hepatocellular carcinoma market in the coming years.
IMARC Group's new report provides an exhaustive analysis of the hepatocellular carcinoma market in the United States, EU4 (Germany, Spain, Italy, and France), United Kingdom, and Japan. This includes treatment practices, in-market, and pipeline drugs, share of individual therapies, market performance across the seven major markets, market performance of key companies and their drugs, etc. The report also provides the current and future patient pool across the seven major markets. According to the report, the United States has the largest patient pool for hepatocellular carcinoma and also represents the largest market for its treatment. Furthermore, the current treatment practice/algorithm, market drivers, challenges, opportunities, reimbursement scenario, unmet medical needs, etc., have also been provided in the report. This report is a must-read for manufacturers, investors, business strategists, researchers, consultants, and all those who have any kind of stake or are planning to foray into the hepatocellular carcinoma market in any manner.
KEYTRUDA is an anti-programmed death receptor-1 (PD-1) medication that enhances the immune system's ability to detect and attack tumor cells. KEYTRUDA is a humanized monoclonal antibody that inhibits the interaction of PD-1 and its ligands, PD-L1 and PD-L2, activating T lymphocytes that can affect both tumor and healthy cells.
GC33 is a humanized monoclonal antibody created by Chugai. The drug targets glypican-3 (GPC3), which is specifically expressed in hepatocellular carcinoma.
TTI-101 is under clinical development by Tvardi Therapeutics for metastatic hepatocellular carcinoma. It is an oral small molecule STAT3 inhibitor. STAT3 is a regulatory molecule that contributes considerably to hepatocellular carcinoma progression.
Time Period of the Study
Countries Covered
Analysis Covered Across Each Country
This report also provides a detailed analysis of the current hepatocellular carcinoma marketed drugs and late-stage pipeline drugs.
In-Market Drugs
Late-Stage Pipeline Drugs
Drugs | Company Name |
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Keytruda (Pembrolizumab) | Merck & Co |
Opdivo (Nivolumab) | Bristol-Myers Squibb/Ono Pharmaceuticals |
Cabometyx (Cabozantinib) | Exelixis/Ipsen |
Lenvima (Lenvatinib) | Eisai Co Ltd/Merck & Co |
Nexavar (Sorafenib) | Bayer |
GC 33 | Chugai Pharmaceutical/Roche |
TTI101 | Tvardi Therapeutics |
SCG101 | SCG Cell Therapy |
SRF 388 | Surface Oncology |
Ezurpimtrostat | Genoscience |
*Kindly note that the drugs in the above table only represent a partial list of marketed/pipeline drugs, and the complete list has been provided in the report.
Market Insights
Epidemiology Insights
Hepatocellular Carcinoma: Current Treatment Scenario, Marketed Drugs and Emerging Therapies