Dyslipidemia Drugs Market, By Drug Class, By Application, By Country, and By Region - Industry Analysis, Market Size, Market Share & Forecast from 2023-2030
Dyslipidemia Drugs Market size was valued at USD 15,653.43 Million in 2022, expanding at a CAGR of 5.5% from 2023 to 2030.
Dyslipidemias, prevalent disorders among patients, pose significant risks for the development and progression of cardiovascular diseases. These disorders are characterized by elevated levels of total cholesterol (TC), triglycerides (TGs), and low-density lipoprotein cholesterol (LDL-C). Medications known as dyslipidemia drugs are utilized to treat this medical condition, which is defined by abnormal lipid (fat) levels in the bloodstream. The cornerstone of treatment to lower cholesterol levels involves conventional lipid-lowering therapies (LLTs), such as statins, ezetimibe, and PCSK9 inhibitors, in conjunction with maintaining a healthy lifestyle. Statins work by reducing cellular cholesterol content through the selective inhibition of the enzyme HMG-CoA reductase.
Dyslipidemia Drugs Market- Market Dynamics
Increasing Prevalence of sedentary lifestyles, unhealthy dietary habits, and obesity
The incidence of dyslipidemia has increased due to factors such as sedentary lifestyles, unhealthy dietary habits, and obesity. This trend is expected to continue as socio-economic development leads to further lifestyle changes. According to the National Center for Biotechnological Information, the prevalence of dyslipidemia is currently at 66.7%, with high LDL-C, elevated triglyceride, elevated total cholesterol, and low HDL-C being prevalent in 49.5%, 40.2%, 30.8%, and 16.5% of cases, respectively. The dyslipidemia drugs market is expected to grow to meet the rising demand for effective treatments. Furthermore, Innovations in drug formulations and mechanisms of action present prospects for novel and enhanced medications. However, the availability of alternative therapies may hamper the market growth.
Dyslipidemia Drugs Market- Key Insights
As per the analysis shared by our research analyst, the global Dyslipidemia Drugs market is estimated to grow annually at a CAGR of around 5.5% over the forecast period (2023-2030)
The demand for dyslipidemia treatments is expected to grow significantly due to Increasing Prevalence of sedentary lifestyles, unhealthy dietary habits, and obesity
Based on Drug Class segmentation, statins drugs were predicted to show maximum market share in the year 2022
Based on Application segmentation, Hospital pharmacy was the leading type in 2022
On the basis of region, North America was the leading revenue generator in 2022
Dyslipidemia Drugs Market- Segmentation Analysis:
The Global Dyslipidemia Drugs Market is segmented on the basis of Drug Class, Application, and Region.
The market is divided into two categories based on Drug Class: Non-statins drugs and statins drugs. statins drugs dominate the market. Statins are frequently prescribed drugs for the treatment of dyslipidemia, particularly in the management of elevated levels of cholesterol. They are highly effective in reducing LDL (low-density lipoprotein) cholesterol, commonly known as bad cholesterol, and are therefore one of the most commonly prescribed medications for this condition.
The market is divided into three categories based on Application: Hospital pharmacy, Retail pharmacy, and Others. Hospital pharmacy dominates the market. The management and Application of dyslipidemia drugs are of utmost importance in hospital settings, as patients with cardiovascular conditions, including dyslipidemia, often receive their initial or ongoing treatment from hospital pharmacies.
Dyslipidemia Drugs Market- Geographical Insights
This market is extensive over North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa. These areas are further subdivided based on the countries bringing commerce. Because of biotechnological advancements and upgrades in healthcare facilities North America is likely to lead in the expansion of the Dyslipidemia Drugs market. The healthcare infrastructure in North America is highly developed and technologically advanced, facilitating the effective diagnosis, treatment, and control of a range of medical conditions, such as dyslipidemia. The U.S. Health Care from a Global Perspective showed that in 2021, the U.S. disbursed 17.8 % of GDP on medical care, nearly double as much as the median OECD nations. Also, there is a significant concentration of biotechnology and pharmaceutical firms in the area, which are currently involved in extensive research and development activities. Europe is the second largest Dyslipidemia Drugs market, due to growing investment in Research and development of Dyslipidemia Drugs.
Dyslipidemia Drugs Market- Competitive Landscape:
Pharmaceutical marketing services (PMS) are essential for pharmaceutical companies as they establish connections between the company and physicians. They also serve as a bridge between physicians and patients, both locally and globally. The competitive landscape of dyslipidemia drugs includes prominent pharmaceutical companies, their primary products, market share, and strategies to address this medical condition. In this competitive market, strategies involve continuous research and development efforts to create more effective and safer medications, assertive marketing campaigns to influence physicians and patients, and strategic collaborations to strengthen market dominance.
Recent Developments:
on July 2023, Novartis said that the US FDA had authorized a label modification for Leqvio (inclisiran) to allow for earlier usage as an addition to diet and statin treatment in patients with high LDL-C who are at greater risk of heart disease.
SCOPE OF THE REPORT
The scope of this report covers the market by its major segments, which include as follows:
GLOBAL DYSLIPIDEMIA DRUGS MARKET KEY PLAYERS
Novartis AG
Mylan N.V.
Bristol-Myers Squibb Company
AstraZeneca plc
Shionogi & Co., Ltd.
Pfizer, Inc.
Abbott Laboratories.
Merck & Co., Inc.
Bayer AG
Amgen, Inc.
GLOBAL DYSLIPIDEMIA DRUGS MARKET, BY DRUG CLASS
Non-statins drugs
Bile Acid Sequestrants
Cholesterol Absorption Inhibitor
Fibrates
Nicotinic Acid
Others
Statin drugs
High intensity
Moderate intensity
Low intensity
GLOBAL DYSLIPIDEMIA DRUGS MARKET, BY APPLICATION
Hospital pharmacy
Retail pharmacy
Others
GLOBAL DYSLIPIDEMIA DRUGS MARKET, BY REGION
North America
The U.S.
Canada
Europe
Germany
France
Italy
Spain
United Kingdom
Russia
Netherlands
Sweden
Poland
Rest of Europe
Asia Pacific
India
China
South Korea
Japan
Australia
Thailand
Indonesia
Philippines
Rest of APAC
Latin America
Brazil
Mexico
Argentina
Colombia
Rest of LATAM
The Middle East and Africa
Saudi Arabia
United Arab Emirates
Israel
Turkey
Algeria
Egypt
Rest of MEA
Table of Contents
1. Dyslipidemia Drugs Market Overview
1.1. Study Scope
1.2. Market Estimation Years
2. Executive Summary
2.1. Market Snippet
2.1.1. Dyslipidemia Drugs Market Snippet by Drug Class
2.1.2. Dyslipidemia Drugs Market Snippet by Application
2.1.3. Dyslipidemia Drugs Market Snippet by Country
2.1.4. Dyslipidemia Drugs Market Snippet by Region