Global Cholesterol Lowering Agents Market Overview:
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.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Historical Period | 2018-2022 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Influencing Trend:
Raising health awareness is supporting the growth of cholesterol-lowering agents on a global level and The shift of food preferences and choice of a healthy lifestyle amongst the wide population of people
Market Growth Drivers:
The increasing cases of mortality rate due to cardiovascular diseases and The health benefits obtained from the cholesterol-lowering agents
Challenges:
The stringent government regulation
Restraints:
The cost of the products
Opportunities:
Increasing healthcare expenditure in developing and developed countries
Competitive Landscape:
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies.
Some of the key players profiled in the report 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). Analyst at AMA Research see United States Players to retain maximum share of Global Cholesterol Lowering Agents market by 2028. Considering Market by Indication, the sub-segment i.e. Hypercholesterolemia will boost the Cholesterol Lowering Agents market. Considering Market by Distribution Channel, the sub-segment i.e. Hospital Pharmacies will boost the Cholesterol Lowering Agents 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.
What Can be Explored with the Cholesterol Lowering Agents Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Cholesterol Lowering Agents Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Cholesterol Lowering Agents
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
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 related to 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, USPTO, EPO, Annual reports, press releases etc.