The global cholesterol lowering drugs market is anticipated to grow at a significant CAGR during the forecast period (2024-2031). In general, cholesterol is considered to be fundamentally required by the body, however, more than 240 mg/dl is termed as high cholesterol. A total cholesterol of 200 mg/dl or lower is acceptable, and 200–240 mg/dl is considered borderline high. Such excessive level of cholesterol in the blood is known as hypercholesterolemia. High cholesterol may be a result of imbalanced diet, genetic diseases, obesity, or other diseases such as diabetes and an underactive thyroid. For instance, as per the International Diabetes Federation (IDF), the total adult population in the US suffering from diabetes was 31 million in 2019 while in Canada, it was 2.8 million. Moreover, there were around 189,000 mortalities due to diabetes in the US in 2019, which represents one of the highest numbers of mortalities all around the globe. Thus, the increased prevalence of diabetes as a result of high cholesterol is primarily driving the demand for cholesterol lowering drugs.
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Apart from the common factors such as sedentary routines, increase in the consumption of saturated and trans-fat is also responsible for elevated levels of cholestrol all over the globe. The global cholesterol lowering drugs market is further likely to grow owing to the emergence of new drug classes, more effective therapies such as PCSK9 inhibitors, bempedoic acid, and the novel drugs in their pipeline phase. Although the major side effects of statins causing rhabdomyolysis as well as the easy accessibility to generic drugs of leading brands are projected to restrain the market growth during the forecast period.
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Market Coverage
- Segment Covered-
o By Drug Class
o By Indication
- Regions covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
- Competitive Landscape: AstraZeneca plc, Sanofi S.A., and Merck & Co., Inc., among others.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How COVID-19 impacted the market?
o Deviation from the pre-COVID-19 forecast
o Most affected region and segment
- Who is the leader in the market?
- How are players addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Cholesterol Lowering Drugs Market Report by Segment
By Drug Class
- Statins & Combination
- PCSK9 Inhibitor
- Bile Acid Sequestrants
- Fibrates
- Cholesterol Absorption Inhibitors
- Others
By Indication
- Hypercholesterolemia
- Coronary Artery Inhibitors
- Higher Triglycerides
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