The Liver Cancer Therapeutics Market is expected to register a CAGR of 11.2% over the forecast period.
Globally, the COVID-19 pandemic has diverted resources from healthcare services for patients with diseases such as cancer. COVID-19 also causes organ dysfunction, complicating cancer treatment. With an outbreak of COVID-19 in most of the countries across the globe, modifications of cancer management have been adopted to accommodate the crisis and minimize the exposure of cancer patients to the infection.
According to a research article by Chan S.L. et al., published in Liver Cancer Journal 2020, in patients with hepatocellular carcinoma (HCC), the COVID-19 exacerbates existing chronic liver disease and complicates the management of cancer. Cancer patients have a higher risk of infection and worse outcomes, especially those who have recently undergone cancer treatment.
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Furthermore, the study found that the COVID-19 pandemic become a major public health challenge to the integrity of healthcare systems in many countries across the globe, and its negative impact on medical care for cancer patients is a concern. During the COVID-19 pandemic, adjustment of clinical management is necessary to minimize patient’s risk to the infection and divert resources to handle the outbreak.
Key Market Trends
Hepatocellular Carcinoma, by Type is Expected to be the Fastest Growing Segment for This Market
Hepatocellular carcinoma (HCC) is a common form of liver cancer, which occurs in people suffering from chronic liver diseases like cirrhosis. Globally, it is one of the major causes leading to cancer-related deaths.
Globally, pharmaceutical companies adopted various strategies to maintain the balance between the supply and demand of liver cancer therapeutics. Health organizations have issued necessary guidelines and recommendations for managing hepatocellular carcinoma patients during the COVID-19 pandemic. For instance, the European Society of Medical Oncology (ESMO), American Society of Clinical Oncology (ASCO), National Institute of Health and Care Excellence (NICE) have proposed guidelines. The guidelines include that during COVID-19 pandemic 2020, patients with chronic liver disease such as Hepatocellular Carcinoma (HCC) and COVID-19 recommended to admit for inpatient care as per the European Society for Medical Oncology which shows the positive impact on the market.
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