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Antihyperlipidemic Drugs Market Report and Forecast 2024-2032

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    Report

  • 160 Pages
  • September 2023
  • Region: Global
  • Expert Market Research
  • ID: 5895167
The global antihyperlipidemic drugs market was valued USD 12.9 billion in 2023 driven by the increasing prevalence of cardiovascular diseases, rising awareness of lipid management, and the aging population has led to market growth across the globe. The market size is anticipated to grow at a CAGR of 5.8% during the forecast period of 2024-2032 to achieve a value of USD 21.4 billion by 2032.

Antihyperlipidemic Drugs: Introduction

Antihyperlipidemic drugs, also known as lipid-lowering medications, are a class of pharmaceuticals used to manage and control elevated levels of lipids (fats) in the blood. These drugs are primarily used to treat conditions like hyper lipidaemia, which is characterized by abnormally high levels of cholesterol and triglycerides in the bloodstream. Elevated lipid levels can increase the risk of cardiovascular diseases, including heart attacks and strokes. Antihyperlipidemic drugs play a crucial role in preventing and managing cardiovascular diseases, which are among the leading causes of death worldwide. They help lower elevated lipid levels, reduce the risk of atherosclerosis (hardening and narrowing of the arteries), and improve overall cardiovascular health.

Key Trends in the Global Antihyperlipidemic Drugs Market

  • Rising Awareness of Lipid Management: Greater awareness of the importance of lipid management and the consequences of elevated cholesterol levels is leading to more individuals seeking medical treatment. Healthcare providers are increasingly emphasizing cholesterol control.
  • Expanding Aging Population: As the global population ages, the prevalence of cardiovascular risk factors, including hyperlipidemia, tends to increase. This demographic trend is contributing to sustained demand for antihyperlipidemic drugs.
  • Shift Toward Combination Therapies: To achieve optimal lipid control, healthcare providers are increasingly prescribing combination therapies that include multiple classes of antihyperlipidemic drugs. This approach targets different aspects of lipid metabolism and offers more comprehensive treatment.
  • Emerging Therapies: The development of novel lipid-lowering therapies, such as proprotein convertase subtilisin/kexin type 9 (PCSK9) inhibitors, has provided additional options for individuals who do not adequately respond to traditional medications like statins.

Global Antihyperlipidemic Drugs Market Segmentation

The market can be categorised drug class, distribution channel, end user and region.

Market Breakup by Drug Class

  • Statins
  • PCSK9 Inhibitors
  • Bile Acid Sequestrants
  • Cholesterol Absorption Inhibitors
  • Fibric Acid Derivatives
  • Combination

Market Breakup Disease by Distribution Channel

  • Hospitals Pharmacies
  • Retail Pharmacies
  • Drug Stores
  • E-Commerce

Market Breakup by Region

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa

Global Antihyperlipidemic Drugs Market Overview

The global antihyperlipidemic drugs market is a significant segment within the pharmaceutical industry, driven by the increasing prevalence of cardiovascular diseases, rising awareness of lipid management, and the aging population. Antihyperlipidemic drugs play a vital role in managing and reducing the risk of heart-related conditions associated with elevated lipid levels. The global antihyperlipidemic drugs market is substantial and continues to grow. The prevalence of cardiovascular diseases and the need for lipid-lowering medications contribute to its expansion. The market's growth is influenced by various factors, including demographic trends, lifestyle changes, and advances in pharmaceutical research and development.

North America and Europe are prominent markets for antihyperlipidemic drugs due to their well-established healthcare infrastructure and high prevalence of cardiovascular diseases. Emerging markets in Asia Pacific, Latin America, and Africa are experiencing growth in demand as awareness of cardiovascular health increases. global antihyperlipidemic drugs market is significant and continues to expand due to the increasing burden of cardiovascular diseases worldwide. These medications are a cornerstone of lipid management and are used in various clinical settings to reduce cardiovascular risk and improve patient outcomes. The market is characterized by a range of drug classes and is influenced by factors such as advances in pharmaceutical research and changing demographics.

Key Players in the Global Antihyperlipidemic Drugs Market

The key features of the market report include patent analysis, grants analysis, clinical trials analysis, funding and investment analysis, partnerships, and collaborations analysis by the leading key players.

The major companies in global antihyperlipidemic drugs market are as follows:

  • Bristol-Myers Squibb Company
  • Merck & Co.
  • AstraZeneca
  • Mylan N.V
  • Abbott
  • Aparito Ltd.
  • Amgen Inc.
  • Daiichi Sankyo Company
  • Pfizer Inc.
  • Dr. Reddy’s Laboratories Ltd
The publisher always strives to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.

Table of Contents

1 Preface
1.1 Objectives of the Study
1.2 Key Assumptions
1.3 Report Coverage - Key Segmentation and Scope
1.4 Research Methodology
2 Executive Summary
3 Global Antihyperlipidemic Drugs Market Overview
3.1 Global Antihyperlipidemic Drugs Market Historical Value (2017-2023)
3.2 Global Antihyperlipidemic Drugs Market Forecast Value (2024-2032)
4 Global Antihyperlipidemic Drugs Market Landscape
4.1 Global Antihyperlipidemic Drugs: Developers Landscape
4.1.1 Analysis by Year of Establishment
4.1.2 Analysis by Company Size
4.1.3 Analysis by Region
4.2 Global Antihyperlipidemic Drugs: Product Landscape
4.2.1 Analysis by Distribution Channel
4.2.2 Analysis by Drug Class
4.2.3 Analysis by Region
5 Global Antihyperlipidemic Drugs Market Dynamics
5.1 Market Drivers and Constraints
5.2 SWOT Analysis
5.3 Porter’s Five Forces Model
5.4 Key Demand Indicators
5.5 Key Price Indicators
5.6 Industry Events, Initiatives, and Trends
5.7 Value Chain Analysis
6 Global Antihyperlipidemic Drugs Market Segmentation
6.1 Global Antihyperlipidemic Drugs Market by Drug Class
6.1.1 Market Overview
6.1.2 Statins
6.1.3 PCSK9 Inhibitors
6.1.4 Bile Acid Sequestrants
6.1.5 Cholesterol Absorption Inhibitors
6.1.6 Fibric Acid Derivatives
6.1.7 Combination
6.2 Global Antihyperlipidemic Drugs Market by Distribution Channel
6.2.1 Market Overview
6.2.2 Hospitals Pharmacies
6.2.3 Retail Pharmacies
6.2.4 Drug Stores
6.2.5 E-Commerce
6.3 Global Antihyperlipidemic Drugs Market by Region
6.3.1 Market Overview
6.3.2 North America
6.3.3 Europe
6.3.4 Asia Pacific
6.3.5 Latin America
6.3.6 Middle East and Africa
7 North America Global Antihyperlipidemic Drugs Market
7.1 Market Share by Country
7.2 United States of America
7.3 Canada
8 Europe Global Antihyperlipidemic Drugs Market
8.1 Market Share by Country
8.2 United Kingdom
8.3 Germany
8.4 France
8.5 Italy
8.6 Others
9 Asia Pacific Global Antihyperlipidemic Drugs Market
9.1 Market Share by Country
9.2 China
9.3 Japan
9.4 India
9.5 ASEAN
9.6 Australia
9.7 Others
10 Latin America Global Antihyperlipidemic Drugs Market
10.1 Market Share by Country
10.2 Brazil
10.3 Argentina
10.4 Mexico
10.5 Others
11 Middle East and Africa Global Antihyperlipidemic Drugs Market
11.1 Market Share by Country
11.2 Saudi Arabia
11.3 United Arab Emirates
11.4 Nigeria
11.5 South Africa
11.6 Others
12 Regulatory Framework
12.1 Regulatory Overview
12.1.1 US FDA
12.1.2 EU EMA
12.1.3 INDIA CDSCO
12.1.4 JAPAN PMDA
12.1.5 Others
13 Patent Analysis
13.1 Analysis by Type of Patent
13.2 Analysis by Publication year
13.3 Analysis by Issuing Authority
13.4 Analysis by Patent Age
13.5 Analysis by CPC Analysis
13.6 Analysis by Patent Valuation
13.7 Analysis by Key Players
14 Grants Analysis
14.1 Analysis by year
14.2 Analysis by Amount Awarded
14.3 Analysis by Issuing Authority
14.4 Analysis by Grant Application
14.5 Analysis by Funding Institute
14.6 Analysis by NIH Departments
14.7 Analysis by Recipient Organization
15 Clinical Trials Analysis
15.1 Analysis by Trial Registration Year
15.2 Analysis by Trial Status
15.3 Analysis by Trial Phase
15.4 Analysis by Therapeutic Area
15.5 Analysis by Geography
16 Funding and Investment Analysis
16.1 Analysis by Funding Instances
16.2 Analysis by Type of Funding
16.3 Analysis by Funding Amount
16.4 Analysis by Leading Players
16.5 Analysis by Leading Investors
16.6 Analysis by Geography
17 Partnership and Collaborations Analysis
17.1 Analysis by Partnership Instances
17.2 Analysis by Type of Partnership
17.3 Analysis by Leading Players
17.4 Analysis by Geography
18 Supplier Landscape
18.1 Bristol-Myers Squibb Company
18.1.1 Financial Analysis
18.1.2 Product Portfolio
18.1.3 Demographic Reach and Achievements
18.1.4 Mergers and Acquisitions
18.1.5 Certifications
18.2 Merck & Co.
18.2.1 Financial Analysis
18.2.2 Product Portfolio
18.2.3 Demographic Reach and Achievements
18.2.4 Mergers and Acquisitions
18.2.5 Certifications
18.3 AstraZeneca
18.3.1 Financial Analysis
18.3.2 Product Portfolio
18.3.3 Demographic Reach and Achievements
18.3.4 Mergers and Acquisitions
18.3.5 Certifications
18.4 Mylan N.V
18.4.1 Financial Analysis
18.4.2 Product Portfolio
18.4.3 Demographic Reach and Achievements
18.4.4 Mergers and Acquisitions
18.4.5 Certifications
18.5 Abbott
18.5.1 Financial Analysis
18.5.2 Product Portfolio
18.5.3 Demographic Reach and Achievements
18.5.4 Mergers and Acquisitions
18.5.5 Certifications
18.6 Aparito Ltd.
18.6.1 Financial Analysis
18.6.2 Product Portfolio
18.6.3 Demographic Reach and Achievements
18.6.4 Mergers and Acquisitions
18.6.5 Certifications
18.7 Amgen Inc.
18.7.1 Financial Analysis
18.7.2 Product Portfolio
18.7.3 Demographic Reach and Achievements
18.7.4 Mergers and Acquisitions
18.7.5 Certifications
18.8 Daiichi Sankyo Company
18.8.1 Financial Analysis
18.8.2 Product Portfolio
18.8.3 Demographic Reach and Achievements
18.8.4 Mergers and Acquisitions
18.8.5 Certifications
18.9 Pfizer Inc.
18.9.1 Financial Analysis
18.9.2 Product Portfolio
18.9.3 Demographic Reach and Achievements
18.9.4 Mergers and Acquisitions
18.9.5 Certifications
18.10 Dr. Reddy’s Laboratories Ltd
18.10.1 Financial Analysis
18.10.2 Product Portfolio
18.10.3 Demographic Reach and Achievements
18.10.4 Mergers and Acquisitions
18.10.5 Certifications
19 Key Opinion Leaders (KOL) Insights (Additional Insight)
20 Company Competitiveness Analysis (Additional Insight)
20.1 Very Small Companies
20.2 Small Companies
20.3 Mid-Sized Companies
20.4 Large Companies
20.5 Very Large Companies
21 Payment Methods (Additional Insight)
21.1 Government Funded
21.2 Private Insurance
21.3 Out-of-Pocket

Companies Mentioned

  • Bristol-Myers Squibb Company
  • Merck & Co.
  • AstraZeneca Mylan N.V Abbott
  • Aparito Ltd.
  • Amgen Inc.
  • Daiichi Sankyo Company
  • Pfizer Inc.
  • Dr. Reddy’s Laboratories Ltd

Methodology

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