The Global Cholesterol-Lowering Drug Market Report by Size, Trends, Shares, Segmentation By disease type (hyperlipidemia, cardiovascular diseases, and hypercholesterolemia), and By drug class (combination, PCSK9 inhibitors, bile acid sequestrants, and statins)
Global Cholesterol-lowering Drug Market: Overview
Cholesterol belongs to the group of steroids. These are organic molecules and a kind of lipids. Cholesterol is a vital structural component and membrane of animal cells. However, it is biosynthesized by all animal cells. The importance of cholesterol is the biological synthesis of steroids hormones like testosterone & estrogen, vitamin D, and bile acid. Most of the cholesterol production happens in poultry, meat, eggs, and dairy products. Moreover, the high level of cholesterol can be the side effects of genetic disease, obesity, unhealthy diet, and other diseases.
Report Scope:
Report Attribute | Details |
---|---|
Base Year | 2022 |
Historic Years | 2018 - 2022 |
Forecast Years | 2023 - 2030 |
Segments Covered | By Product Type, By Application, and By End Use |
Forecast Units | Value (USD Billion), and Volume (Units) |
Quantitative Units | Revenue in USD million/billion and CAGR from 2023 to 2030 |
Regions Covered | North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World |
Countries Covered | U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others |
Number of Companies Covered | 10 companies with scope for including additional 15 companies upon request |
Report Coverage | Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis. |
Customization Scope | Avail customized purchase options to meet your exact research needs. |
Global Cholesterol-lowering Drug Market: Growth Factors
The foremost factor driving the global cholesterol lowering drug market is the increasing awareness regarding bad cholesterol. This growth has induced the manufacturers to go through intensive investigational studies to find out the well-tolerant drugs in the patients to improve the results. Moreover, the extensive research and development activities in the sector and incorporation of the bempedoic acid for developing the new drugs are fueling the growth of the global cholesterol lowering drug market.
The emergence of the new drug classes for the goodness of non-statin users is augmenting the market growth. However, a surge in the number of statin users and several guidelines recommending the adoption of antihyperlipidemic is further fueling the market growth.
High cholesterol increases the risks of stroke and myocardial infarction. The hypercholesterolemia also increases the vulnerability to CVD. Hyperlipidemia is also related to some comorbidities like chronic kidney disease and diabetes type 2. These factors further boost market growth. The emergence of therapies like bempedoic acid, PCSK9 inhibitors, and several other drugs is expected to expand the market.
To enhance cardiovascular risk assessments, manufacturers are adopting the personalized approach to get improved results in patients. However, the surging trend has led the concept of precision medicine in the market to lower cholesterol. Manufacturers are growing awareness among the consumers by showcasing the promising results of PCSK9 inhibitors for the treatments of coronary artery diseases.
The leading players in the global cholesterol lowering drug market are improving their production capacities to produce Evolocumab, used to treat high risk patients. They are also trying to manufacture Canakinumab, an antibody that helps in declining cardiovascular events. The manufacturers are concentrating on secondary prevention statins that help in lowering the LDL-C in patients. Improved outcomes of these efforts of the manufacturers are expected to boost the growth of the market globally.
Global Cholesterol-lowering Drug Market: Segmentation
The global cholesterol lowering drug market can be segmented into disease type, drug class, and region.
By disease type, the market can be segmented into hyperlipidemia, cardiovascular diseases, and hypercholesterolemia.
By drug class, the market can be segmented into the combination, PCSK9 inhibitors, cholesterol absorption inhibitors, bile acid sequestrants, and statins, miscellaneous. The miscellaneous drug includes bempedoic acid, mipomersen, lomitapide, nicotinic acids, and omega-3 fatty acids.
The statins segment holds the largest share in the global cholesterol lowering drug market owing to the emergence of effective therapies like bempedoic acid and PCSK9 inhibitors.
The miscellaneous segment is also expected to grow significantly during the forecast period owing to the improved safety and surge in the adoption of such drugs by the end-users.
Global Cholesterol-lowering Drug Market: Regional analysis
Europe holds the largest share in the global cholesterol lowering drug market due to the increasing prevalence of hypercholesterolemia cases in the region. North America is among the potential regions in the global cholesterol lowering drug market due to the constant technological developments in the sector.
Asia pacific is a potential region with lucrative growth opportunities in the global market during the forecast period.
Global Cholesterol-lowering Drug Market: Competitive Players
Some of the significant players in the global cholesterol lowering drug market are Daiichi Sankyo, Merck & Co., Inc., AstraZeneca, Esperion Therapeutics and CJ Healthcare, Sanofi, Amgen, Inc., Pfizer, Inc, Merck & Co., Inc., AbbVie, Inc., Sun Pharmaceutical Industries Ltd., Takeda Pharmaceutical Company Limited, Novartis AG, and GlaxoSmithKline plc.
Global Cholesterol-lowering Drug Market: Regional Segment Analysis
What Reports Provides
FrequentlyAsked Questions
The foremost factor driving the global cholesterol lowering drug market is the increasing awareness regarding bad cholesterol. This growth has induced the manufacturers to go through intensive investigational studies to find out the well-tolerant drugs in the patients to improve the results.
Some of the significant players in the global cholesterol lowering drug market are Daiichi Sankyo, Merck & Co., Inc., AstraZeneca, Esperion Therapeutics and CJ Healthcare, Sanofi, Amgen, Inc., Pfizer, Inc, Merck & Co., Inc., AbbVie, Inc., Sun Pharmaceutical Industries Ltd., Takeda Pharmaceutical Company Limited, Novartis AG, and GlaxoSmithKline plc.
Europe holds the largest share in the global cholesterol lowering drug market due to the increasing prevalence of hypercholesterolemia cases in the region. North America is among the potential regions in the global cholesterol lowering drug market due to the constant technological developments in the sector.
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