Global Cholesterol Management Supplements Market Overview:
Cholesterol is a waxy, fat-like substance, found in all type of body cells. Which needs for, to make hormones and other substances, but having too much of it in your blood is linked to higher risks of heart disease and stroke. Only by having blood test you can find out the level of cholesterol way whether your cholesterol level is high is by having a blood test. These fluctuations in cholesterol has no symptoms. One of every six American adults has a high cholesterol. Conventional treatment for high cholesterol levels consists of therapeutic lifestyle changes (a healthy diet, weight management, and physical activity) and, if necessary, cholesterol management supplements. Annually 600,000 lives are leading to cause a death because of the heart diseases, according the latest statistics from the Centres for Disease Control and Prevention (CDC)
As per latest study released by AMA Research, the Global Cholesterol Management Supplements market is expected to see growth rate of 8.9%Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Forecast Period | 2024-2030 |
Historical Period | 2018-2023 |
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:
Preference for vegan and vegetarian diets by young people, focus on health and prevention by the elderly
Market Growth Drivers:
Increasing attention to health and prevention has grown and In Western Europe Plant-based Supplements
Challenges:
Counterfeit and fake supplements into the market
Restraints:
Major part of the world consumes Western pattern diet (WPD)
Opportunities:
Fluctuations in cholesterol level leads to many sever diseases like heart diseases, High Blood Pressure, Type 2 Diabetes, Peripheral Artery Disease, Obesity so that generally doctors are recommending the cholesterol management supplements
Competitive Landscape:
The market is seeing moderate market players, by seeing huge growth in this market the key leading vendors are highly focusing on production technologies, efficiency enhancement, and product life. This market has various growth opportunities that leading players capture via tracking the ongoing process enhancement and huge investment in market growth strategies.
Some of the key players profiled in the report are Sanofi (France), Novartis Ltd (Switzerland), Astra Zeneca (United Kingdom), Lupin Laboratories Ltd. (India), Sun Pharmaceutical Industries Ltd. (India), Regeneron Pharmaceuticals (United States), Glaxo Smithkline Pharmaceuticals Ltd.( United Kingdom), Vhb Lifesciences Inc (India), Nestlè (Switzerland), Danone (France) and Amway (United States). Additionally, following companies can also be profiled that are part of our coverage like Herbalife (India), Zydus Cadila Healthcare Ltd (India) and Vhb Lifesciences Inc (India). Analyst at AMA Research see United States Players to retain maximum share of Global Cholesterol Management Supplements market by 2030. Considering Market by Sales Channels, the sub-segment i.e. Online Sales Channel {Company Website, E-Commerce Platform} will boost the Cholesterol Management Supplements market. Considering Market by Mode of Administration, the sub-segment i.e. Oral will boost the Cholesterol Management Supplements market.
Latest Market Insights:
In April 2023, Luye Pharma and Duopharma reached a strategic partnership to expand their accessibility of cholesterol management products in Malaysia.
In December 2021, Novartis announced the FDA approval of Leqvio (inclisiran), the first-in-class siRNA to lower cholesterol with two doses a year.
What Can be Explored with the Cholesterol Management Supplements Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Cholesterol Management Supplements Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Cholesterol Management Supplements
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 Management Supplements 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 Management Supplements 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 Hospitals, Medical institutes, Pathology labs, Food supply chains, Government regulatory bodies, Raw Material Suppliers and End-Use Industries.
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.