The global liver cancer treatment market size reached US$ 4.58 billion in 2024 and is expected to reach US$ 12.88 billion by 2033, growing at a CAGR of 11.4% during the forecast period 2025-2033
Liver cancer originates in the cells of the liver, an organ located in the upper right part of the abdomen, just below the diaphragm and above the stomach. Several types of cancer can develop in the liver. The most common is hepatocellular carcinoma, which arises from hepatocytes, the main type of liver cell. Less common forms include intrahepatic cholangiocarcinoma and hepatoblastoma.
There are two main types of liver cancer based on where it starts primary liver cancer, which originates directly in the liver tissue, and secondary (or metastatic) liver cancer, which begins in another part of the body, such as the colon, breast, or lungs, and then spreads to the liver.
The liver plays a critical role in the body's overall function. It filters toxins from the blood, stores essential nutrients, and produces bile, a fluid that helps digest fats. Because of its central role in metabolism and detoxification, any disruption caused by cancer can significantly affect overall health.
HCC often develops in the setting of chronic liver disease, especially conditions like hepatitis B or C infections, alcohol-related liver damage, or non-alcoholic fatty liver disease (NAFLD). Early stages of liver cancer may not show noticeable symptoms, which often leads to late diagnosis when the disease is more advanced and harder to treat. Therefore, early detection and regular screening in at-risk individuals are crucial for improving outcomes.
Market Dynamics: Drivers & Restraints
Advancements in Targeted & Immunotherapies
Recent breakthroughs in targeted therapies and immunotherapies are revolutionizing the way liver cancer is treated. These cutting-edge innovations are enhancing patient outcomes and offering new hope for those affected by the disease.
The rising advancements in targeted therapies have been a significant driver for the growth of the liver cancer treatment market. The shift towards more personalized and effective treatments, combined with the FDA approvals of new drugs, the growing market acceptance, and the increased survival rates in patients, all contribute to this growth.
For instance, in October 2022, the U.S. Food and Drug Administration (FDA) approved a new treatment option for patients with unresectable hepatocellular carcinoma, the most common form of liver cancer. The approved therapy is a combination of two immunotherapy drugs: durvalumab (Imfinzi) and the experimental agent tremelimumab. This marks an important advancement for individuals with liver cancer that cannot be treated with surgery. As the research in this field continues to progress, it is expected that targeted therapies will become even more refined, offering greater hope for liver cancer patients and expanding the market further.
Side effects and safety concerns associated with the treatment are hampering the market growth
Despite the significant advancements in liver cancer treatment, side effects and safety concerns continue to pose major challenges in the management of the disease. Although recent advancements in targeted therapies and immunotherapies have improved treatment efficacy, many of these options come with serious and sometimes life-threatening adverse effects. For example, immunotherapies such as checkpoint inhibitors can trigger immune-related complications like colitis, pneumonitis, and hepatitis, which may require additional interventions or lead to treatment discontinuation.
Similarly, targeted therapies, including tyrosine kinase inhibitors like sorafenib and lenvatinib, are often associated with high toxicity levels, causing side effects such as hypertension, fatigue, and liver enzyme abnormalities. These concerns are especially critical for liver cancer patients, who often have pre-existing liver dysfunction due to cirrhosis or hepatitis, making them more vulnerable to treatment-related complications. As a result, physicians may hesitate to prescribe aggressive therapies for certain patients, reducing overall adoption rates and slowing market growth.
Epidemiology Analysis
The rising incidence of liver cancer presents significant challenges in the global healthcare landscape. As per DataM intelligence estimates, particularly as its prevalence is expected to increase from an estimated 0.91 million prevalent cases in 2024 to 1.05 million by 2030. This trend highlights the growing need for effective interventions, particularly in regions where liver cancer rates are more pronounced, such as in developing countries and among high-risk populations.
Early detection, better treatment options, and advancements in healthcare systems in developed countries have improved outcomes, but significant challenges remain in developing nations. Addressing these disparities and fostering innovation in treatment options will be crucial for managing the growing burden of liver cancer globally.
Pipeline Analysis
Top Phase Pipeline Products for Liver Cancer:
Segment Analysis
The global liver cancer treatment market is segmented based on cancer type, treatment type, route of administration, and region.
Treatment Type:
The targeted therapy segment is expected to dominate the liver cancer treatment market with the highest market share
Targeted therapy has revolutionized the treatment landscape for hepatocellular carcinoma (HCC), the most prevalent form of liver cancer. These therapies are designed to interfere with specific molecular targets involved in tumor growth and progression, offering a more precise approach compared to conventional treatments.
HCC pathogenesis is often driven by aberrant signaling pathways, including vascular endothelial growth factor receptor (VEGFR), platelet-derived growth factor receptor (PDGFR), fibroblast growth factor receptor (FGFR), and hepatocyte growth factor receptor (c-MET). Targeted therapies aim to inhibit these pathways, thereby impeding tumor angiogenesis, cell proliferation, and survival. By selectively blocking these molecular targets, targeted therapies can effectively suppress tumor growth with potentially fewer side effects than traditional chemotherapy.
Targeted therapies have significantly advanced the treatment of HCC, offering more personalized and effective options for patients. Ongoing research and clinical trials continue to expand the arsenal of targeted agents, potentially improving outcomes for individuals affected by this challenging disease.
Geographical Analysis
North America is expected to hold a significant position in the global liver cancer treatment market with the highest market share
North America is projected to maintain a dominant position in the global liver cancer treatment market, driven by several key factors includes high incidence and mortality rates as per America Cancer Society data in February 2025, in the United States, in particular, reports a significant number of liver cancer cases annually, with approximately 42,240 men and 14.020 women diagnosed each year.
Despite recent declines, liver cancer remains a major health concern, contributing to substantial morbidity and mortality. This high incidence underscores the urgent need for effective treatment options and drives market demand.
North America's well-established healthcare infrastructure facilitates the rapid adoption of innovative treatments. The region boasts state-of-the-art medical facilities, a robust regulatory framework, and a high level of healthcare access, ensuring that patients receive timely and effective care. These factors contribute to the region's leading position in the liver cancer treatment market.
For instance, in April 2025, the U.S. Food and Drug Administration (FDA) approved the combination of nivolumab (Opdivo) and ipilimumab (Yervoy) as a first-line treatment for adult patients with unresectable or metastatic hepatocellular carcinoma (HCC).
The presence of major pharmaceutical companies and research institutions in North America accelerates the development of novel therapeutics. Ongoing research and clinical trials lead to the introduction of advanced treatment options, including targeted therapies and immunotherapies, enhancing patient outcomes and expanding market opportunities.
Competitive Landscape
Top companies in the liver cancer treatment market include Eli Lilly and Company, AstraZeneca, Eisai Inc., TAIHO ONCOLOGY, INC., Bayer AG, Bristol-Myers Squibb Company., Incyte, Genentech USA, Inc., Exelixis, Inc., and Merck & Co., Inc., among others.
Key Developments
• In April 2025, the U.S. Food and Drug Administration (FDA) approved the combination of nivolumab (Opdivo) and ipilimumab (Yervoy) as a first-line treatment for adult patients with unresectable or metastatic hepatocellular carcinoma (HCC).
• In February 2024, the U.S. Food and Drug Administration (FDA) granted Fast Track Designation to BST02, an investigational T-cell therapy developed by Biosyngen, for the treatment of all forms of liver cancer, including hepatocellular carcinoma (HCC) and cholangiocarcinoma. This designation aims to expedite the development and review processes for therapies addressing serious conditions with unmet medical needs.
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The global liver cancer treatment market report delivers a detailed analysis with 62 key tables, more than 55 visually impactful figures and 198 pages of expert insights, providing a complete view of the market landscape.
Target Audience 2024
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