ALBANY, New York, March 16, 2020 /PRNewswire/ -- An increase in number of people with cholesterol and triglyceride abnormalities is set to drive the global dyslipidemia drugs market forward. A major factor driving the incidence of these abnormalities is modern lifestyle - marked by obesity due to lack of exercise and poor dietary habits.
As per Transparency Market Research, "Increasing disease awareness and its growing prevalence will help the market chart a sturdy CAGR of 3.5% over the forecast period of 2019 to 2027. This will help pull the market worth up from USD 11.8 bn. in 2018 to 16.1 bn. by 2027."
Key Findings of Global Dyslipidemia Drugs Market
In terms of drug class, statins segment would dominate the market landscape due to high demand for drugs such as Crestor and Lipitor
In terms of distribution channel, retail pharmacies would lead the market
North America to lead the regional markets in the global dyslipidemia drugs market from 2019 to 2027
Multiple factors are set to drive growth in the global dyslipidemia drugs market over the forecast period of 2019 to 2027. As per Transparency Market Research, the following are prominent trends and drivers that have been identified:
Lack of exercise and poor dietary habits – characteristic features of modern lifestyle – are driving the incidence of cholesterol and triglyceride related abnormalities up
Prevalence of dyslipidemia is growing rapidly, as per various government and private organizations
Due to promotional activities taking place world over, awareness regarding the disease is growing, leading market to higher growth
Key Impediments to Growth in Global Dyslipidemia Drugs Market
While the global dyslipidemia drugs market is on an upward growth curve, there are certain factors that are hampering its growth. A prominent restraint is the discontinuation of study on drug compounds such as Saroglitazar and Dalcetrapib. In 2017, Zydus suspended its study for former due to issues related to recruitment. In 2012, F. Hoffmann-La Roche, discontinued trials for latter as proof of efficacy was weak.
Analyze dyslipidemia drugs market growth in 30+ countries including US, Canada, Germany, United Kingdom, France, Italy, Russia, Poland, Benelux, Nordic, China, Japan, India, and South Korea. Request a sample of the study
Regional Analysis of Global Dyslipidemia Market
North America to dominate market over the forecast period owing to favorable government policies and increase in incidence of dyslipidemia
United States of America and Canada to be major contributors of growth in the market owing to increase in number of obese and diabetic patients
Europe to emerge as a strong regional market owing to factors leading to growth in pharmaceutical manufacturing
Competitive Landscape in Global Dyslipidemia Drugs Market
Transparency Market Research profiled key players in its comprehensive analysis of vendor landscape of global dyslipidemia drugs market
Prominent players in the global dyslipidemia drugs market are Shionogi & Co., Ltd., Pfizer, Inc., Merck & Co., Inc., Novartis AG, Bayer AG, Bristol-Myers Squibb Company, Mylan N.V., Amgen, Inc., AstraZeneca plc, and Abbott Laboratories.
Product Development and partnerships form key strategies of growth in the market landscape, set to determine market share for players over the forecast period
The global dyslipidemia drugs market has been segmented as follows:
Global Dyslipidemia Drugs Market, by Drug Class
Bile Acid Resins
Fibric Acid and Omega-3 Fatty Acid Derivatives
Global Dyslipidemia Drugs Market, by Distribution Channel
Global Dyslipidemia Drugs Market, by Region
Rest of the Europe
Australia & New Zealand
Rest of Asia Pacific
Rest of Latin America
Middle East & Africa
Rest of Middle East & Africa
Explore Transparency Market Research's award-winning coverage of the global Healthcare industry:
Cholesterol Lowering Drugs Market - Companies are harnessing the advantages of bempedoic acid to treat a host of health conditions such as hypercholesterolemia and to treat patients with high cardiovascular risks. As such, the hypercholesterolemia indication segment of the cholesterol lowering drugs market is projected to reach a value of ~US$ 19.6Bn by 2027. Hence, healthcare providers in the market for cholesterol lowering drugs are recommending the intake of bempedoic acid with statins to lower complications of LDL (Low-density Lipoproteins) associated with hypercholesterolemia.
Hypercholesterolemia Market - Increased level of total cholesterol and LDL (bad) cholesterol in the blood leads to hypercholesterolemia. The normal biological range of total blood cholesterol is 140-200 mg/dL. Hypercholesterolemia leads to cardiovascular diseases such as atherosclerosis, stroke etc. Human blood cholesterol mainly consists of High-density lipoprotein (HDL) cholesterol, Low-density lipoprotein (LDL) cholesterol, Very low-density lipoprotein (VLDL) cholesterol. HDL cholesterol is termed as good cholesterol for the body.
Cardiovascular Disease Drug Market - This detailed report on the global cardiovascular disease drug market offers a 360-degree view of the market with key challenges, opportunities, restraints, and drivers mentioned in detail. The information shared by this report will assist the market stakeholders in making informed decisions.
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