Global Cholesterol Lowering Drugs Market Size, Share, Forecast Report, 2020-2027
The global Cholesterol Lowering Drugs market garnered revenue around USD 29.2 Billion in 2019 and projected to reach USD 37.8 Billion in 2027, with at a compound annual growth rate (CAGR) 4% throughout the estimate period from 2020 to 2027.
Cholesterol lowering drugs are medications used to control elevated levels of cholesterol in human body. This elevated cholesterol level can cause various cardiovascular diseases. These cholesterol lowering drugs are statins, PCSK9 inhibitors, fibrates, and other drug classes, which act by different mechanisms of action for lowering the elevated cholesterol levels. Some new drugs are in the pipeline for cholesterol lowering as PCSK9 inhibitors, nicotinic acid, and other drugs, which are expected to be launched over the next few years. The growth of the cholesterol lowering drugs market can be attributed to the rise in prevalence of cardiovascular diseases such as coronary artery disease globally. North America dominated the global cholesterol lowering drugs market in 2018 and is projected to continue its dominance during the forecast period, due to higher prevalence of cardiovascular disease and a number of new approved products.
This research report encompasses precise assessment of the market with the help of comprehensive qualitative insights and supportable prognoses regarding market size, consumption and production. The projections presented in the report have been derived using proven research methodologies and assumptions. It does so by means of comprehensive qualitative insights, historical statistics, and verifiable predictions about market revenue and sales.
The rapidly budding threat owed to the eruption of COVID-19 is impacting lives, communities, businesses, and industries across the globe. With businesses shuttered, flights grounded, COVID-19 is about to affect the global economy in different ways such as by directly upsetting production and demand, by generating supply chain disruption, and by its financial impact on firms and financial markets. Therefore, this report covers COVID-19 outbreak impact analysis on the Cholesterol Lowering Drugs market under the research study. The market estimates offered in the report are the outcome of in-depth extensive secondary research, primary interviews and in-house professional assessments. These market evaluations have been measured by reviewing the impact of numerous social, political and economic factors coupled with recent market dynamics affecting the Cholesterol Lowering Drugs market growth.
The global Cholesterol Lowering Drugs market is characterized by the presence of numerous small as well as medium scale companies. These players are largely focused towards forward integration via raw material production, product manufacturing, and distribution across various industry verticals. The report recognizes numerous crucial manufacturers of the market. This research study aids to comprehend the strategies and associations that companies are converging to survive in this competitive marketplace. This report assists in understanding footprints of the manufacturers with the help of their global revenue, production, capacity and average selling price analysis for period 2016-2027.
Major manufacturers analysed under this study comprises:
the global market include Sanofi, Pfizer, Inc., GlaxoSmithKline plc, Novartis AG, Merck & Co., Inc., Amgen Inc., Takeda Pharmaceutical Company Limited, Sun Pharmaceutical Industries Ltd., and AbbVie, Inc.
This report delivers market breakdown and its revenue, consumption, production analysis and projections by categorizing it depending on parameters such as type, application/end-user, and region. This research report delivers the analysis and prognosis of revenue, production, price, market share and growth trend for different products such as:
Global Cholesterol Lowering Drugs Market: Segmentation
- Cholesterol Lowering Drugs Market, by Drug Class
- Statins & Combination
- PCSK9 Inhibitors
- Bile Acid Sequestrants
- Cholesterol Absorption Inhibitors
- Cholesterol Lowering Drugs Market, by Indication
- Coronary Artery Disease
- Higher Triglycerides
- Cholesterol Lowering Drugs Market, by Distribution Channel
- Hospital Pharmacies
- Retail Pharmacies
- Online Pharmacies
Regional Analysis and Forecast
Further, this research study analyses market size, production, consumption and its advancement trends at global, regional, and country level for period 2016 to 2027 and covers following region in its scope:
- North America
- United States
- United Kingdom
- Rest of EU
- Asia Pacific
- Southeast Asia
- Rest of APAC
- Central & South America
- Rest of Central & South America
- Middle East and Africa
- Saudi Arabia
- Rest of MEA