Pharmaceuticals China

China MASH (NASH) Therapeutics Market Analysis, 2024–2034

Updated Reviewed by Chandani Patel

China MASH (NASH) Therapeutics Market Industry Trends and Forecast to 2034: Segmented by (Drug Class, Stage, End User, Region) - Growth, Market Size, Future Prospects & Competitive Analysis, 2024-2034

Overview

Market Dashboard

China · 2024–2034 · placeholder estimates

Values shown here are placeholder estimates, not researched figures. Researched 2024 historical, 2025 base-year and 2026–2034 forecast values are prepared with the full report.

Estimate 2024 $134.9 Mn Placeholder estimate
Estimate 2025 $193.6 Mn 8% of the global market
Projected 2034 $4.99 Bn 2,480.3% Adds $4.80 Bn over 9 forecast years
CAGR 2025–2034 43.5% Faster than 99% of 180 Pharmaceuticals markets here
Key players 6 +1
  • China is 8% of the global market.
  • In APAC, the largest is China (this report) at $193.6 Mn.
  • Fastest growing: India at 44.6% a year.
  • China ranks 1st of 10 by size in APAC.

Market size projection

China

Source: Acuitas Health Analytics. Full methods, sources and usage terms come with report purchase.

Value added each year

$4.80 Bn total, 2026–2034

Year-by-year market size, 2024–2034
MASH (NASH) Therapeutics Market market size by year, China
YearMarket sizeChange that yearSince 2025
2024 (estimate) $134.9 Mn — —
2025 (base) $193.6 Mn +$58.7 Mn —
2026 (forecast) $277.8 Mn +$84.2 Mn +43.5%
2027 (forecast) $398.6 Mn +$120.8 Mn +105.9%
2028 (forecast) $572.0 Mn +$173.4 Mn +195.5%
2029 (forecast) $820.8 Mn +$248.8 Mn +324%
2030 (forecast) $1.18 Bn +$357.0 Mn +508.5%
2031 (forecast) $1.69 Bn +$512.4 Mn +773.2%
2032 (forecast) $2.43 Bn +$735.2 Mn +1,153%
2033 (forecast) $3.48 Bn +$1.06 Bn +1,698.1%
2034 (forecast) $4.99 Bn +$1.51 Bn +2,480.3%

Placeholder estimates. Each year is projected from our earlier market estimate and its CAGR. Researched values come with the full report.

Same market worldwide

By geography

  1. Global $2.42 Bn
  2. North America $1.10 Bn
  3. US $1.07 Bn
  4. Europe $465.3 Mn
  5. APAC $476.6 Mn
  6. Canada $215.7 Mn
  7. China (this report) $193.6 Mn
  8. Japan $156.3 Mn
  9. Latin America $125.7 Mn
  10. Middle East $91.1 Mn
  11. Germany $80.1 Mn
  12. France $75.1 Mn
  13. UK $56.7 Mn
  14. Brazil $56.9 Mn
  15. Italy $55.7 Mn
  16. Ecuador $55.5 Mn
  17. India $52.3 Mn
  18. Spain $46.1 Mn
  19. Mexico $41.3 Mn
  20. Saudi Arabia $40.7 Mn
  21. Africa $33.7 Mn
  22. Australia $31.6 Mn
  23. Russia $26.5 Mn
  24. New Zealand $21.3 Mn
  25. South Africa $17.5 Mn
  26. UAE $12.5 Mn
  27. Egypt $7.0 Mn
  28. Philippines $4.7 Mn
  29. Malaysia $4.2 Mn
  30. Hong Kong $3.7 Mn
  31. Singapore $3.1 Mn
  32. Thailand $2.8 Mn
  33. Kenya $1.4 Mn

Report snapshot

China MASH (NASH) Therapeutics Market Analysis at a glance
Market size, 2025$193.6 Mn placeholder estimate
Forecast, 2034$4.99 Bn placeholder estimate
Growth (CAGR), 2025–203443.5% placeholder estimate
Years2024 historical · 2025 base year · 2026–2034 forecast
Also calledMASH Drugs
SegmentsDrug class, stage and end user (see all)
Key playersMadrigal Pharmaceuticals, Novo Nordisk A/S, Akero Therapeutics, 89bio, Inventiva and 1 more (see all)
Regulator in ChinaNMPASource: National Medical Products Administration. Checked 14 Nov 2026.
Active clinical trials67 in ChinaSource: ClinicalTrials.gov, Studies recruiting, active or not yet recruiting, in China. Retrieved 12 Nov 2026.
FormatsPDF, PPTX, XLSX

Sizes and growth here are placeholder estimates, not researched figures. Researched figures come with the full report.

The China MASH (NASH) Therapeutics Market Analysis Executive Summary

MASH therapeutics treat metabolic dysfunction-associated steatohepatitis, a serious fatty liver disease that can lead to cirrhosis and liver failure.

Key segments of the MASH (NASH) Therapeutics market include drug class (THR-beta Agonists, GLP-1 Agonists and FGF21 Analogs) and stage (Fibrosis Stage F2-F3 and Compensated Cirrhosis).

Bar chart: China MASH (NASH) Therapeutics market size, 2024–2034, placeholder estimates. $134.9 Mn in 2024, $193.6 Mn in 2025 and $4.99 Bn in 2034, 43.5% CAGR.
China MASH (NASH) Therapeutics market size, 2024–2034. Placeholder estimates; researched figures come with the full report. Source: Acuitas Health Analytics.

China MASH (NASH) Therapeutics Market Dynamics

Market Growth Drivers

Rising rates of obesity and type 2 diabetes, strong clinical results for new weight-loss medicines and growing acceptance of obesity as a chronic disease are driving the MASH (NASH) Therapeutics market. Wider insurance coverage and more doctors trained in obesity care are adding to demand.

Opportunity

Oral formulations, combination therapies and use in heart, kidney and liver disease open new growth paths for the MASH (NASH) Therapeutics market, especially in fast-growing emerging economies.

Market Restraints

High treatment prices, limited reimbursement, supply shortages and side effects that lead some patients to stop treatment hold back the MASH (NASH) Therapeutics market. Long-term safety data and lifestyle support are still needed for many patients.

Competitive Landscape for MASH (NASH) Therapeutics Market in China

The MASH (NASH) Therapeutics market is moderately concentrated. Leading companies compete on product innovation, clinical evidence, pricing and geographic reach, and use partnerships and acquisitions to expand their portfolios.

Key Players

Healthcare Policies and Regulatory Landscape for MASH (NASH) Therapeutics Market in China

MASH (NASH) Therapeutics in China: rules, payment and research

Drugs need approval from the National Medical Products Administration (NMPA) before sale.⁠[1] Basic medical insurance covers most people; the National Healthcare Security Administration (NHSA) runs it and sets the National Reimbursement Drug List.⁠[2] ClinicalTrials.gov lists 67 studies on MASH (NASH) Therapeutics that are recruiting, active or about to start in China.⁠[3]

[1] National Medical Products Administration. Checked 14 Nov 2026.

[2] National Healthcare Security Administration. Checked 14 Nov 2026.

[3] ClinicalTrials.gov, Studies recruiting, active or not yet recruiting, in China. Retrieved 12 Nov 2026.

Policy changes and Reimbursement scenario

Regulators such as the US FDA, the European Medicines Agency and national drug authorities set approval, pricing and safety rules for MASH (NASH) Therapeutics. Reimbursement decisions by public payers and insurers shape how fast new therapies reach patients in China.

Beyond the market numbers

Research, trials and patients

What doctors and scientists are doing in MASH (NASH) Therapeutics right now, from free public sources.

Clinical trials

67 active trials in China

Recruiting, about to start, or running now.

Top trial sponsors (worldwide)

  1. Regeneron Pharmaceuticals 7 active trials on ClinicalTrials.gov (opens in a new tab)
  2. GSK PLC 4 active trials on ClinicalTrials.gov (opens in a new tab)
  3. Boehringer Ingelheim GmbH 3 active trials on ClinicalTrials.gov (opens in a new tab)
  4. Eccogene 3 active trials on ClinicalTrials.gov (opens in a new tab)
  5. Madrigal Pharmaceuticals 3 active trials on ClinicalTrials.gov (opens in a new tab)

Source: ClinicalTrials.gov, Industry lead sponsors of active studies found with this market's trial search, worldwide. Retrieved 13 Nov 2026.

See every trial on ClinicalTrials.gov (opens in a new tab)

Latest research 16 papers since 2021 (worldwide)

  1. Emerging Molecular Targets in MASH/NASH: Linking Pathogenic Mechanisms to Therapeutic Strategies for Improved Pharmacological Management. Current molecular medicine, 2026
  2. The Effect of Prolyl Isomerase Pin1 on the Development of Metabolic Dysfunction-Associated Steatohepatitis and a New Treatment Strategy. International journal of molecular sciences, 2026
  3. Screening for Metabolic Dysfunction-Associated Steatohepatitis in Adults with Type 2 Diabetes in the U.S. and 5 European Countries: A Cost-Utility Analysis. JHEP reports : innovation in hepatology, 2026
  4. [A novel human 3D steatohepatitis model recapitulating disease progression for evaluating the efficacy and mechanism of action of MASH therapeutics]. Nihon yakurigaku zasshi. Folia pharmacologica Japonica, 2026
  5. Why MASLD Trials Underselect the MENA Region Sites and What Sponsors and Regulators Must Change. Therapeutic innovation & regulatory science, 2026
Search all of them on PubMed (opens in a new tab)

Sources: PubMed (US National Library of Medicine), ClinicalTrials.gov, World Bank. Fetched 12 Nov 2026. Papers and trials are found by search words, so the counts are a guide. Titles only; read each paper at its source.

Public data, with sources

MASH (NASH) Therapeutics in context

China compared

  • Health spending per person: 763 US$ per person (2023). World: 1,317 US$ per person (2023). 5th highest of the 15 countries we cover in APAC.[1]
  • Doctors: 3.11 per 1,000 people (2022). World: 1.86 per 1,000 people (2022). 3rd highest of the 15 countries we cover in APAC.[2]
  • People aged 65 and over: 14.9% of people (2025). World: 10.4% of people (2025). 6th highest of the 16 countries we cover in APAC.[3]

[1] World Bank Open Data, Health spending per person (US$ per person). Retrieved 14 Nov 2026.

[2] World Bank Open Data, Doctors (per 1,000 people). Retrieved 14 Nov 2026.

[3] World Bank Open Data, People aged 65 and over (% of people). Retrieved 15 Nov 2026.

Free data on this topic

Quick answers

Frequently asked questions

How big is the MASH (NASH) Therapeutics market in China?
Placeholder estimate: about $193.6 Mn in 2025, rising to about $4.99 Bn by 2034. These are early estimates, not researched figures; the researched values come with the full report.
How fast is the MASH (NASH) Therapeutics market in China growing?
Placeholder estimate: about 43.5% a year (CAGR, 2025–2034). The researched growth rate comes with the full report.
What segments does the MASH (NASH) Therapeutics market report cover?
The report splits the market by drug class (THR-beta Agonists, GLP-1 Agonists, FGF21 Analogs, PPAR Agonists), stage (Fibrosis Stage F2-F3, Compensated Cirrhosis) and end user (Hospitals, Specialty Clinics, Retail Pharmacies, Online Pharmacies).
Who are the key players in the MASH (NASH) Therapeutics market?
Key players include Madrigal Pharmaceuticals, Novo Nordisk A/S, Akero Therapeutics, 89bio, Inventiva and Boston Pharmaceuticals.
What is driving the MASH (NASH) Therapeutics market?
Rising rates of obesity and type 2 diabetes, strong clinical results for new weight-loss medicines and growing acceptance of obesity as a chronic disease are driving the MASH (NASH) Therapeutics market.
Who regulates MASH (NASH) Therapeutics in China?
Drugs need approval from the National Medical Products Administration (NMPA) before sale. Source: National Medical Products Administration. Checked 14 Nov 2026.
How is healthcare paid for in China?
Basic medical insurance covers most people; the National Healthcare Security Administration (NHSA) runs it and sets the National Reimbursement Drug List. Source: National Healthcare Security Administration. Checked 14 Nov 2026.
How many clinical trials on MASH (NASH) Therapeutics are running in China?
67 studies are recruiting, active or about to start in China, according to ClinicalTrials.gov. Source: ClinicalTrials.gov, Studies recruiting, active or not yet recruiting, in China. Retrieved 12 Nov 2026.
How much research is published on MASH (NASH) Therapeutics?
PubMed lists 16 papers on MASH (NASH) Therapeutics added since January 2021, worldwide. Source: PubMed, Papers added since 1 January 2021 matching this market. Retrieved 12 Nov 2026.
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