Research Nester’s recent market research analysis on “Nonalcoholic Steatohepatitis (NASH) Therapeutics Market: Global Demand Analysis & Opportunity Outlook 2035” delivers a detailed competitors analysis and a detailed overview of the global nonalcoholic steatohepatitis (NASH) therapeutics market in terms of market segmentation by drug type, distribution channel, and by region.
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Growing Approvals of Medications and Positive Results of the Drugs to Drive Growth of Global Nonalcoholic Steatohepatitis (NASH) Therapeutics Market
The global nonalcoholic steatohepatitis (NASH) therapeutics market is estimated to grow majorly on account of the better results given by newly developed medication and rise in the approvals of various drugs. Resmetirom, a medication created by Madrigal Pharmaceuticals, is for NASH. In the trial, about 26% of patients who got the drug in an 80 mg dose saw improvement in their NASH. Resmetirom also reduced 24% of patients' fibrosis or scarring without making their fatty liver disease worse. Moreover, the Drug Controller General of India (DCGI) granted Zydus Cadila's new drug application for the Saroglitazar therapy, which was created for the treatment of NASH in India, clearance in 2020.
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A challenge in medication development, the vulnerability of NASH patients to anomalies, and a sizable NASH population that is still underdiagnosed are some of the major factors anticipated to hamper the growth of the global nonalcoholic steatohepatitis (NASH) therapeutics market.
By drug type, the global nonalcoholic steatohepatitis (NASH) therapeutics market is segmented into vitamin E and pioglitazone, obeticholic acid (OCA), lanifibranor, semaglutide, resmetirom, aramchol, and others. The segment of pioglitazone and vitamin E is expected to generate the second-largest revenue of USD 13,340.4 million, by the end of 2035 by expanding at a noteworthy CAGR of 12.2% during the forecast period. The category also generated USD 4,435.0 Million in sales in 2022. The category is anticipated to develop due to expanding studies and the benefits of pioglitazone and vitamin E in treating nonalcoholic steatohepatitis (NASH).
By region, the North America nonalcoholic steatohepatitis (NASH) therapeutics market is to generate the highest revenue of USD 16,887.4 million by the end of 2035. The market in North America is anticipated to expand at a CAGR of 19.5% over the course of the forecast period. In 2022, the market in the area brought in a revenue of worth USD 1,597.7 million. The increased number of patients afflicted with non-alcoholic fatty liver illnesses predicts this growth.
This report also provides the existing competitive scenario of some of the key players of the global nonalcoholic steatohepatitis (NASH) therapeutics market which includes company profiling of Pfizer, Inc., Inventiva, Galmed Pharmaceuticals Ltd., Novo Nordisk A/S, Madrigal Pharmaceuticals, Galectin Therapeutics, NGM Biopharmaceuticals, Brsitol-Myers Squibb Company, Can Fite, Zydus Lifesciences Ltd., and Mitsubishi Chemical Group Corporation.
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