What is Cholesterol Drug Market Scope?
The body needs cholesterol to work properly. But extra cholesterol in your blood causes deposits to build upon the inner walls of your blood vessels. This build-up is called plaque. It narrows your arteries and can decrease or stop blood flow. This can lead to heart attacks, strokes, and narrowing of arteries elsewhere in your body. High cholesterol levels can reduce blood flow and increase the risk of a heart attack or stroke. It will be determined by a blood test. High cholesterol has no symptoms and treatments include medication, a healthy diet, and exercise. There are currently seven different classes of active ingredients available for lowering cholesterol levels. Seven HMG-CoA reductase inhibitors (statins) are currently approved for lowering cholesterol levels. They are the first-line medication used to treat lipid disorders and can lower LDL-C levels by up to 60%. Statins are also effective in reducing triglyceride levels in patients with hypertriglyceridemia. They also lower triglycerides, which are another type of blood fat, and slightly increase your "good" (HDL) cholesterol.
The Cholesterol Drug market study is being classified by Type (Atorvastatin (Lipitor), Fluvastatin (Lescol), Lovastatin, Pitavastatin (Livalo), Pravastatin (Pravachol), Rosuvastatin calcium (Crestor) and Simvastatin (Zocor)), by Application (Hypercholesterolemia, Cardiovascular Diseases and Hyperlipidemia) and major geographies with country level break-up.
The companies are now exploring the market by adopting mergers & acquisitions, expansions, investments, new developments in existing products, and collaborations as their preferred strategies. The players are also exploring new geographies and industries through expansions and acquisitions so as to avail a competitive advantage through combined synergies. Analysts at AMA predicts that Players from United States will contribute to the maximum growth of Global Cholesterol Drug market throughout the predicted period.
AstraZeneca (United Kingdom), Merck & Co. (United States), Pfizer Inc. (United States), Kowa Company (Japan), Daiichi Sankyo Company Limited (Japan), AbbVie Inc. (United States), Novartis AG (Switzerland), Sanofi S.A. (France), Amgen Inc. (United States), Bristol-Myers Squibb (United States) and Covis Pharmaceuticals, Inc. (United States) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are Lupin Pharmaceuticals, Inc. (India), Bausch Health Companies Inc. (United States), Aegerion Pharmaceuticals Inc. (Japan) and Aralez Pharmaceuticals (Canada).
Segmentation Analysis
Analyst at AMA have segmented the market study of Global Cholesterol Drug market by Type, Application and Region.
On the basis of geography, the market of Cholesterol Drug has been segmented into 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).
Market Influencers and their development strategies
In January 2019, one of the global pharmaceutical company Daiichi Sankyo had announced its European licensing agreement with Esperion, so as to market bempedoic acid and Ezetimibe combination tablet for cholesterol patients.
FDA updated warnings for Heart Attack and Stroke Risk for Non-Steroidal Anti-Inflammatory Drugs.FDA clearing existing warnings in prescription drug labels and the counter drug, the important labels to mention that non-steroidal anti-inflammatory drugs (NSAIDs) can increase the risk of a heart attack or stroke, may lead to death.
Influencing Market Trend
- Increase in Intake of Saturated & Trans-Fat
- Increase In Smoking And Alcohol Consumption Escalate the Risk of High Cholesterol
Market Drivers
- Increase in Prevalence of Coronary Artery Disease Due To the Formation of Bad Cholesterol
- The Emergence of Novel Drug Classes Promising Better Efficacy and Safety Levels
- Changes in Lifestyles and Lack of Exercise
- Growing Awareness about Cardiovascular Diseases
Opportunities
- Introduction of New Guidelines That Redefined At-Risk Patient Groups
- Rising Development of Drug Formulation for Cholesterol-Lowering and New Therapies
Restraints
- High Adverse Effects Associated With the Use of Cholesterol Drugs
Challenges
- Availability of Generic Drugs of Leading Brands
Key Target Audience
Manufacturers of Cholesterol Drug, Suppliers and Distributors of Cholesterol Drug, End-Users, Potential Investors, Market Research Firms, Regulatory Bodies and Others
Customization available in this Study:
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