Hepatic Encephalopathy Market Overview:
Hepatic Encephalopathy Market size was valued at USD 400 million in 2021 and is projected to reach around USD 600 million in 2030 exhibiting a CAGR of 5.5% in the forecasted period.
Some people who have liver illness may develop a brain condition called hepatic encephalopathy. HE is a major cause of morbidity in individuals with liver disease and manifests as a spectrum of neuropsychiatric symptoms from mild fluctuating cognitive impairment to coma. It is seen in cases of acute liver failure, cirrhosis (defined as Type A, B, and C HE), and liver bypass surgeries (such as shunt surgery and trans-jugular intrahepatic portosystemic shunt).
Furthermore, more serious symptoms such as decreased alertness, limited attention span, disturbed sleep patterns, moderate disorientation, slowed mental task performance, and mood or personality changes might be linked to Hepatic Encephalopathy.
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The increasing global incidence of neurological illnesses, the rise in unmet treatment demands, and the increased demand for more efficient therapies are the main factors impeding industrial expansion. These factors are also anticipated to propel market growth. Additionally, one factor fueling the expansion of the global market for treatments for hepatic encephalopathy throughout the forecast period may be the increasing frequency of chronic liver illnesses. However, a major barrier to the market's revenue growth would be the lack of qualified medical personnel in addition to an unfavorable reimbursement environment in developing and undeveloped countries.
A significant chance for the industry to grow significantly is an increase in the rate of strategic partnerships among market participants. An additional indirect variable that will yield appealing market development opportunities is the increase in the submission of shortened new drug applications (ANDAs). Furthermore, a growing number of clinical trials and the quick development of new medications are encouraging industry players to employ a variety of strategies to strengthen their market positions and expand their product offerings.
Diagnosis of Hepatic Encephalopathy
It's still difficult to define and diagnose hepatic encephalopathy, especially CHE. Psychometric or neuropsychological testing can identify neuropsychological deficits in patients with hepatic encephalopathy, even in the absence of clinical indications or symptoms.
After ruling out unrelated neurologic and/or metabolic causes of encephalopathy, the diagnosis of hepatic encephalopathy is predicated on the presence of a range of neuropsychiatric disorders in individuals with liver disease.
Market Drivers:
Growing Number of Novel Liver Disease Treatments
Over the course of the forecast period, a rise in liver disease diagnoses is anticipated to boost key industry players' demand for innovative medicines, which will propel the expansion of the global hepatic encephalopathy market. In addition to non-absorbable disaccharides and non-absorbable antibiotics, the therapy uses non-ureic nitrogen scavengers, polyethylene glycol, l-ornithine l-aspartate, and albumin therapy.
An increase in the number of shorter new drug application submissions (ANDA)
The abbreviated new drug application (ANDA), a crucial stage in the introduction of new medications to the market, is submitted by market participants.
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Drug Class viewpoints
The global market for hepatic encephalopathy is divided into segments for antibiotics, laxatives, L-aspartate, L-ornithine, and other products. Antibiotics constituted the largest component of the market. In 2021, the antibiotics category held the biggest market share. Its ability to reduce ammonia production in the intestine by creating a hostile environment for the harmful microorganisms there is responsible for the segment's expansion.
Market Segments:
By Drug Class
- Antibiotics
- Laxatives
- L-ornithine
- L-aspartate
- Others
By Route of Administration
- Oral
- Intravenous
- Rectal
By Distribution Channel
- Hospital Pharmacies
- Retail Pharmacies
- Online Pharmacies
Market Regional Analysis:
During the forecast period, North America is expected to account for the largest revenue share. The region's expanding market share can be attributed to a number of factors, including its early adoption of innovative technologies, the rising incidence of liver diseases, and its improving capacity for research and development. According to the National Center for Biotechnology Information (NCBI), around 7–11 million instances of hepatic encephalopathy were identified in the United States as of September 2020, with approximately 150,000 new cases being identified annually. Nearly 60% of individuals with chronic hepatitis C have liver cirrhosis, and 20% of newly diagnosed patients have liver cirrhosis either by itself or in combination with alcohol-related liver disease.
Over the projected timeframe, Asia Pacific is expected to expand at the most consistent annual growth rate. This is because the cost of building healthcare infrastructure has increased, neurological diseases have become more common, and research and development efforts to identify and treat liver diseases have increased.
Furthermore, among more urbanized nations and territories, the Asia Pacific area has the greatest rate of alcohol consumption.
Some major Key Players included in this market are:
- Mallinckrodt Pharmaceuticals
- Salix Pharmaceuticals
- Uterine Cognition AB
- Norgon B.V.
- Pfizer Inc.
- Bausch Health Companies, Inc.
- Takeda Pharmaceutical Company Limited
- GlaxoSmithKline plc.
- Merck Co., Inc.,
- Johnson Johnson Services, Inc.
- Hickman Pharmaceuticals PLC
- ASKA Pharmaceutical Co., Ltd.
- Amgen Inc.
- AbbVie Inc.
- Other players
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