Verified Profile!
Sponsored
The Global Autoimmune Hepatitis Market is trending by rising autoimmune disorders
The autoimmune hepatitis market comprises drugs that are used to treat autoimmune hepatitis, a chronic disease of the liver caused due to the body's own immune system attacking liver cells leading to inflammation and scarring of the liver. Autoimmune hepatitis is characterized by the presence of auto-antibodies and histological evidence of chronic hepatitis. Drugs used in management include corticosteroids, immunosuppressants, and their combinations that regulate the immune system and reduce the damage caused due to inflammation.
The autoimmune hepatitis market is estimated to be valued at USD 127.3 Mn in 2024 and is expected to reach USD 186.9 Mn by 2031, growing at a compound annual growth rate (CAGR) of 5.6% from 2024 to 2031.
Key Takeaways
Key players operating in the autoimmune hepatitis market are Bristol-Myers Squibb, Gilead Sciences, Inc., Intercept Pharmaceuticals, Inc., Pfizer Inc. and AutoImmune Inc.
The growing incidence of autoimmune disorders globally is driving the demand for autoimmune hepatitis drugs. As per estimates, over 2.5 million people in the United States are affected by autoimmune diseases annually. Statistics reveal that autoimmune hepatitis affects 1 in 100,000 people worldwide. The rising awareness regarding its symptoms and treatment options has led to early diagnosis and management of the disease.
The Autoimmune Hepatitis Market players are focused on expanding their geographical footprint in the high growth regions. Increasing penetration in developing countries of Asia Pacific and Latin America will offer lucrative opportunities owing to large patient pools and high undiagnosed prevalence. Favorable government initiatives and healthcare reforms have augmented investments in regional markets.
Market Key Trends
Novel targeted therapies are emerging as a key trend in the autoimmune hepatitis market. Interferon-free treatment regimens have shown promise over the traditionally used immunosuppressants. Players are engaged in developing interferon-free therapies involving JAK inhibitors and antifibrotic agents that provide faster and long-lasting responses with improved safety profiles. Their approvals will transform the treatment landscape over the forecast period. Moreover, increasing collaborations between market entities for clinical research will accelerate the development of newer treatment avenues.
Porter’s Analysis
Threat of new entrants: The threat of new entrants is low as autoimmune hepatitis industry requires huge capital investment in R&D and branding.
Bargaining power of buyers: The bargaining power of buyers is moderate to high as there are a variety of treatment options available from various competing brands.
Bargaining power of suppliers: The bargaining power of suppliers is low as companies have established supply chains and alternative suppliers available.
Threat of new substitutes: The threat of new substitutes is moderate as research is ongoing to develop new treatment options.
Competitive rivalry: The competitive rivalry is high as major players compete for more market share.
Geographical regions
North America region holds around half of the global market share in terms of value majorly contributed by the United States. Factors such as well-established healthcare industry, awareness among population, and favorable reimbursement policies support the market growth.
Fastest Growing Region
Europe is the second largest region for autoimmune hepatitis market on account of rising research initiatives towards disease management. Countries like Germany and United Kingdom hold a significant revenue share. The Asia Pacific region demonstrates the fastest growth owing to improving healthcare infrastructure, increasing disposable incomes, and expanding patient pool in China and India.
Get This Report in Japanese Language: 自己免疫性肝炎市場
Get This Report in Korean Language: 자가면역성 간염 시장
About Author:
Ravina Pandya, Content Writer, has a strong foothold in the market research industry. She specializes in writing well-researched articles from different industries, including food and beverages, information and technology, healthcare, chemical and materials, etc.