Market Highlights: Cholesterol is a fat found in the blood. It’s produced by the liver and found in foods from animal sources, such as meat, poultry, and full-fat dairy products. The body needs some cholesterol to ensure organs grow and function properly. However, too much cholesterol in the blood can clog the arteries and lead to serious health conditions. Cholesterol lowering agents decrease the production of cholesterol in the liver and help remove excess cholesterol from the blood vessels. The market study is being classified by Type (Statins and Combination, PCSK9 Inhibitors, Bile Acid Sequestrants, Fibrates, Cholesterol Absorption Inhibitors and Others), by Application (Hospital, Household and Other) and major geographies with country level break-up that includes South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Key Players: The prominent players in the Cholesterol Lowering Agents are Pfizer Inc. (United States), Sanofi (France), GlaxoSmithKline plc (United Kingdom), Novartis AG (Switzerland), Merck & Co., Inc. (United States), Amgen, Inc. (United States), Takeda Pharmaceutical Company Limited (Japan), Sun Pharmaceutical Industries Ltd. (India), AbbVie, Inc. (United States) and Mylan N.V. (United States).
The Indication, such as Hypercholesterolemia, is boosting the Cholesterol Lowering Agents market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
The Distribution Channel, such as Hospital Pharmacies, is boosting the Cholesterol Lowering Agents market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
In 2020, Bempedoic acid has been certified by the FDA to assist reduce LDL cholesterol in people with heterozygous familial hypercholesterolemia or existing atherosclerotic cardiovascular disease for whom statins are ineffective. The first in its class, an oral ATP citrate lyase inhibitor, works by lowering cholesterol production and increasing LDL receptors.
Key Questions Answered in the Report What will the Cholesterol Lowering Agents Market size and the growth rate be in Future? What are the key factors driving the Cholesterol Lowering Agents Market? What are the key market trends and macro-economic impacting the growth of the Cholesterol Lowering Agents Market? What are the challenges to market growth? Who are the key vendors in the Cholesterol Lowering Agents Market? What are the market opportunities and threats faced by the vendors in the Cholesterol Lowering Agents Market? Trending factors influencing the market shares of the Players. What are the key outcomes of the five forces analysis of the Cholesterol Lowering Agents Market?
Research Methodology: The top-down and bottom-up approaches are used to estimate and validate the size of the Global Cholesterol Lowering Agents market. In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Cholesterol Lowering Agents market. In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc. Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Cholesterol-lowering agents manufacturers, Heath sectors, Food and Nutrition products manufacturers, Retailers and wholesalers and Traders, importers, and exporters. This helps us to gather the data for the players revenue, operating cycle and expense, profit along with product or service growth etc. Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, Annual reports, press releases etc.