Global Encephalopathy Treatment Market 2019-2023 | Emergence of Novel Treatment Targets for Encephalopathy to Boost demand | Technavio
The global encephalopathy treatment market 2019-2023 is expected to post a CAGR of close to 5% during the forecast period, according to the latest market research report by Technavio.
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Technavio predicts the global encephalopathy treatment market to post a CAGR of close to 5% by 2023. (Graphic: Business Wire)
A key factor driving the growth of the market is the rise in the number of initiatives to increase awareness about disease management. Initiatives to increase the number of programs for fostering the awareness about the management of encephalopathy is on the rise. For instance, the Salix’s Hepatic Encephalopathy Living Program (H.E.L.P), a support program for healthcare providers and patients, is directed at the effective management of hepatic encephalopathy. The program aims at providing co-pay assistance, educational material for hepatic encephalopathy, and treatment adherence support.
This market research report on the global encephalopathy treatment market 2019-2023also provides an analysis of the most important trends expected to impact the market outlook during the forecast period. Technavio classifies an emerging trend as a major factor that has the potential to significantly impact the market and contribute to its growth or decline.
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In this report, Technavio highlights the emergence of novel treatment targets for encephalopathy as one of the key emerging trends in the global encephalopathy treatment market:
Global encephalopathy treatment market: Emergence of novel treatment targets for encephalopathy
Rifaximin and Lactulose are the only two drugs approved for the treatment of hepatic encephalopathy and Aldesleukin and Rituximab are the only two drugs approved for the treatment of Hashimoto’s encephalitis. No other drugs are available for the treatment of other types of encephalopathy such as infectious encephalopathy and diabetic encephalopathy.
“Another drug, OCR-002 reduces the ammonia level in patients. OCR-OO2 effectively binds ammonia, which is a major healing mechanism in hepatic encephalopathy. L-ornithine and L-aspartate are two agents under evaluation for use in the prevention of hepatic encephalopathy in individuals diagnosed with cirrhosis.” says a senior analyst at Technavio for research on human-machine interface.
Global encephalopathy treatment market: Segmentation analysis
This market research report segments the global encephalopathy treatment market by type (hepatic encephalopathy, diabetic encephalopathy, infectious encephalopathy, and others) and geographical regions (APAC, EMEA, and the Americas).
The hepatic encephalopathy segment accounted for almost 52% of the market share in 2018. This segment is expected to dominate during the forecast period owing to its cost-effectiveness.
The Americas led the market in 2018 with a market share of close to 47%, followed by EMEA and APAC respectively. Due to the high incidence of these indications in the region, the encephalopathy treatment market in the Americas is expected to continue to dominate the market during the forecast period.
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Some of the key topics covered in the report include:
- Market ecosystem
- Market characteristics
- Market segmentation analysis
- Market definition
- Market size and forecast
Five Forces Analysis
- Regional comparison
- Key leading countries
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Competitive scenario
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