PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1224488
PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1224488
Non-alcoholic Steatohepatitis Biomarkers Market size was valued at USD 1,308.1 Million in 2022, expanding at a CAGR of 22.9% from 2023 to 2030.
A severe type of fatty liver disease is non-alcoholic steatohepatitis (NASH). The buildup or deposition of fat in the liver results in NAFLD. NASH is the term used to describe this fat-accumulation syndrome, which results in inflammation and damage. Cirrhosis, a potentially fatal disorder caused by liver scarring, can result from NASH. Fatigue and a little soreness in the upper right abdomen are signs of NASH.
Non-alcoholic Steatohepatitis Biomarkers Market- Market Dynamics
The primary growth-promoting factor is the increasing frequency of chronic liver diseases like NASH and the requirement for their early identification and diagnosis. Although there is no reliable non-invasive approach to diagnose NAFLD, the market for non-alcoholic steatohepatitis biomarkers has enormous development potential. As a result, another significant growth driver is the increasing desire for non-invasive diagnostic methods. Alternative diagnostic procedures, such as liver biopsies, are intrusive and costly, making them unsuitable for patients. Moreover, a favorable environment is being created for the development of liver disease by the rising obesity rate and bad eating habits. As a result, during the projection period, the market demand for NASH biomarkers is anticipated to increase due to the increased prevalence of the chronic liver disease. The continued research in this field is probably going to keep the industry growing.
However, potential growth-restraining factors include the negative effects of Non-Alcoholic Steatohepatitis (NASH) medications and therapies. Furthermore, the market's expansion is being hampered by the FDA's strict rules for biomarker approval. Additionally, the Non-Alcoholic Steatohepatitis Biomarkers Market is being constrained by the absence of sophisticated testing procedures to identify NAFLD.
Non-alcoholic Steatohepatitis Biomarkers Market- Segmentation Analysis:
Based on the type, in 2022, the serum biomarkers market share was the greatest. The segment's dominance is related to serum biomarkers' success and widespread use as a diagnostic tool for NASH. Additionally, it has a competitive advantage when used to distinguish between primary steatosis and NASH. Apolipoprotein B, apolipoprotein A1, leptin, adiponectin, ghrelin, free fatty acids, and tumor necrosis factor-alpha are a few of the novel blood biomarkers that are anticipated to be released and are projected to accelerate market expansion. To address the need for diagnostic tools, major market participants are also concentrating on getting approvals for marketing serum biomarkers-based tests. For instance, Siemens Healthineers received FDA marketing approval for their Enhanced Liver Fibrosis test in 2021.
Based on the end user, the pharma and CRO industry end-use segment held the largest market share during the forecast period. The market is expected to expand as a result of the increased need for non-invasive diagnostic techniques to identify the chronic liver disease and the rising incidence of liver diseases. Additionally, as a result of improved diagnostics, the market for treatments is expanding, which raises the need for pharmaceuticals and ultimately supports the expansion of the entire industry.
Non-alcoholic Steatohepatitis Biomarkers Market- Geographical Insights
North America held the biggest market share in 2022 and is likely to dominate the market during the forecast period, owing to factors such as growing diagnosis rates and the early introduction of innovative products in this region. Biomarker research and development funding is plentiful, which supports pharmaceutical development initiatives and promotes corporate growth. The growing mobility of players and the increased availability of tests in the US market are important factors driving the industry. For instance, in January 2022, the FDA granted a De Novo marketing clearance to ELF Test, a predictive blood test for evaluating disease development in NASH patients. The test is provided through a partnership between Quest Diagnosis and Labcorp.
Key features of the study:
This proposed research study on the Non-alcoholic Steatohepatitis Biomarkers market provides market size (US$ million), compound annual growth rate (CAGR %) and forecast estimation (2023-2030), considering 2022 as the base year
The research report elucidates potential growth opportunities across different segments/countries and explains an attractive investment proposition matrix for ` the Non-alcoholic Steatohepatitis Biomarkers market
The overall report identifies new investment opportunities, challenges faced by established players, and growth factors to sustain the Non-alcoholic Steatohepatitis Biomarkers market
The impact of COVID-19 on the Non-alcoholic Steatohepatitis Biomarkers market size, forecast, CAGR, and market dynamics are discussed in detail under the research scope. Detailed insight into the Non-alcoholic Steatohepatitis Biomarkers market post-COVID will also be covered.
To give the users of this report a comprehensive view of the Non-alcoholic Steatohepatitis Biomarkers market, we have also included a competitive landscape and key innovator analysis for the Non-alcoholic Steatohepatitis Biomarkers market.
The study encompasses a growth prospect mapping analysis, wherein all the industry segments are benchmarked based on their market size, growth rate and attractiveness.
The report offers detailed company profiling featuring major market participants which will help users to understand the financial information and strategic initiatives of players operating in the Non-alcoholic Steatohepatitis Biomarkers market.
In addition, the report also unveils the important acquisitions & mergers, collaborations & joint ventures, new launches, research & development, and regional expansion of major participants involved in the market on global as well as regional levels.
The global Non-alcoholic Steatohepatitis Biomarkers market report primarily caters to various stakeholders in this industry including suppliers, investors, new entrants, distributors, and financial analysts
The scope of this report covers the market by its major segments, which include as follows:
GLOBAL NON-ALCOHOLIC STEATOHEPATITIS BIOMARKERS MARKET KEY PLAYERS
Siemens Medical Solutions USA, Inc.
Prometheus Laboratories.
GENFIT
BioPredictive
AstraZeneca
Quest Diagnostics
Exalenz Bioscience Ltd
Pfizer, Inc.
Laboratory Corporation of America Holdings.
Bristol-Myers Squibb Company
GLOBAL NON-ALCOHOLIC STEATOHEPATITIS BIOMARKERS MARKET, BY TYPE
Serum Biomarkers
Hepatic Fibrosis Biomarkers
Apoptosis Biomarkers
Oxidative Stress Biomarkers
Others
GLOBAL NON-ALCOHOLIC STEATOHEPATITIS BIOMARKERS MARKET, BY END USER
Pharma & CRO Industry
Hospitals
Diagnostic Labs
Academic Research Institutes
GLOBAL NON-ALCOHOLIC STEATOHEPATITIS BIOMARKERS MARKET, BY REGION
North America
The U.S.
Canada
Europe
Germany
France
Italy
Spain
United Kingdom
Russia
Netherlands
Sweden
Poland
Rest of Europe
Asia Pacific
India
China
South Korea
Japan
Australia
Thailand
Indonesia
Philippines
Rest of APAC
Latin America
Brazil
Mexico
Argentina
Colombia
Rest of LATAM
The Middle East and Africa
Saudi Arabia
United Arab Emirates
Israel
Turkey
Algeria
Egypt
Rest of MEA