About Hyperlipidemia Drugs
Hyperlipidemia, more commonly known as high cholesterol, refers to elevated levels of fats (lipids) in the blood. It has no symptoms and it is diagnosed with a blood test called a lipid panel or a lipid profile. Unhealthy lifestyle choices lead to high cholesterol such as eating foods with saturated and trans fats, eating animal protein, like meat and dairy, not getting enough exercise, not eating enough healthy fats, obesity and large waist circumference. It is extremely common especially in the western hemisphere, but also around the globe. The factors such as Increased Prevalence of Hyperlipidemia among People due to Unhealthy Lifestyle, Rise in the Number of Diagnostic Centres and Hospitals and Development of Healthcare Infrastructure in Emerging Economies are driving the global hyperlipidemia drugs market. Side Effects of the Hyperlipidemia Drugs may hamper the market growth.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The companies are exploring the market by adopting expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions across the globe to gain a competitive advantage through combined collaborations. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Hyperlipidemia Drugs market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Novartis International AG (Switzerland), Mylan N.V. (United States), Amgen Inc. (United States), Biocon Ltd (India), Sanofi S.A. (France), Daiichi Sankyo Company, Limited (Japan), AstraZeneca (United Kingdom), ESPERION Therapeutics, Inc. (United States), Merck & Co., Inc. (United States) and Pfizer Inc. (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Covis Pharmaceuticals, Inc. (United States), Kowa Company Ltd. (Japan) and Upsher-Smith Laboratories, LLC (United States).
Segmentation Overview
AMA Research has segmented the market of Global Hyperlipidemia Drugs market by and Region.
On the basis of geography, the market of Hyperlipidemia Drugs 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). If we see Market by Drugs, the sub-segment i.e. Statins (atorvastatin, fluvastatin, lovastatin, pitavastatin, pravastatin, rosuvastatin and simvastatin) will boost the Hyperlipidemia Drugs market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Disease Type, the sub-segment i.e. Type I Hyperlipidemia will boost the Hyperlipidemia Drugs market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Distribution Channel, the sub-segment i.e. Hospital Pharmacies will boost the Hyperlipidemia Drugs market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End-user, the sub-segment i.e. Hospitals will boost the Hyperlipidemia Drugs market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increased Awareness among People about Hyperlipidemia and Increased Number of Online Pharmacies
Market Growth Drivers:
Increased Prevalence of Hyperlipidemia among People due to Unhealthy Lifestyle, Rise in the Number of Diagnostic Centres and Hospitals and Development of Healthcare Infrastructure in Emerging Economies
Challenges:
Strigent Government Rules and Regulations
Restraints:
Side Effects of the Hyperlipidemia Drugs
Opportunities:
Growth in the Healthcare Sector, Increased Research and Development Investment, Growing Geriatric Population Worldwide and Growing Number of Regulatory Approvals
Market Leaders and their expansionary development strategies
In January 2020, Novartis successfully completed the acquisition of The Medicines Company, adding a potentially first-in-class, investigational cholesterol-lowering therapy inclisiran.
In December 2021, Novartis announced the US Food and Drug Administration (FDA) approval of Leqvio® (inclisiran), the first and only small interfering RNA (siRNA) therapy to lower low-density lipoprotein cholesterol (also known as bad cholesterol or LDL-C) with two doses a year, after an initial dose and one at three months.
Key Target Audience
Hyperlipidemia Drugs Manufacturers, Raw Material Suppliers, Distributors, Emerging Companies, Research Professionals and End-users
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.