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Hyperlipidemia Drugs Market Analysis

  • Report ID: GMI10320
  • Published Date: Jul 2024
  • Report Format: PDF

Hyperlipidemia Drugs Market Analysis

Based on type, the market is segmented into familial and acquired. The acquired segment of the market is forecasted to reach USD 18.5 billion by 2032.
 

  • Acquired hyperlipidemia refers to elevated lipid levels that develop due to factors such as dietary choices, sedentary lifestyle, obesity, diabetes, and certain medications. These factors can lead to dysregulation in lipid metabolism, causing an increase in LDL cholesterol and triglycerides while decreasing HDL cholesterol levels.
     
  • Acquired hyperlipidemia, which includes conditions like dyslipidemia due to poor diet, lack of exercise, obesity, and other lifestyle factors, is more common than genetic or familial forms of hyperlipidemia. The increasing incidence of lifestyle-related disorders is driving the global demand for acquired hyperlipidemia drugs.
     
  • Furthermore, the high prevalence of acquired hyperlipidemia compared to familial hyperlipidemia has ensured the availability of multiple drugs, including statins, fibrates, bile acid sequestrants, and PCSK9 inhibitors. These drugs play a crucial role in managing acquired hyperlipidemia and contribute to the leading share of this segment.
     
Iron Deficiency Anemia Therapy Market, By Therapy Areas (2023)

Based on drug class, the hyperlipidemia drugs market is bifurcated into statins, bile acid sequestrants, cholesterol absorption inhibitors, fibric acid derivatives, PCSK9 inhibitors, combination, and other drug classess. The statins segment accounted for USD 6.4 billion in 2023.
 

  • Statins are highly effective at lowering LDL cholesterol levels, a key risk factor for cardiovascular disease. They inhibit HMG-CoA reductase, an enzyme involved in cholesterol synthesis, thereby reducing cholesterol production in the liver. Growing awareness about LDL cholesterol levels is driving the global adoption of statins.
     
  • Moreover, statins are available in various formulations and dosing schedules, including once-daily options. The availability of multiple dosing options enhances patient convenience and adherence to treatment, thereby increasing prescriptions for statins.
     
  • Additionally, beyond their lipid-lowering effects, statins have been shown to reduce the risk of cardiovascular events such as heart attacks and strokes. This risk reduction is attributed to their ability to stabilize plaque in blood vessels and potentially reduce inflammation, making statins a preferable drug class in the market.
     

Based on route of administration, the hyperlipidemia drugs market is segmented into oral and parenteral. The oral segment of the market is forecasted to reach USD 19.4 billion by 2032.
 

  • Oral hyperlipidemia drugs are designed for absorption through the gastrointestinal tract, where they are typically well-absorbed and provide predictable drug levels in the bloodstream. This predictable absorption profile ensures consistent therapeutic effects, allowing healthcare providers to adjust doses effectively based on patient responses and lipid level monitoring.
     
  • The availability of oral hyperlipidemia medications in various formulations and dosing schedules provides flexibility in treatment management, increasing their adoption among patients.
     
  • Furthermore, oral administration reduces the risk of infections associated with injectable or intravenous therapies, as it bypasses the need for needle puncture and potential contamination, driving the growth of the market.
     

Based on distribution channel, the hyperlipidemia drugs market is divided into hospital pharmacy, retail pharmacy, and online pharmacy. The hospital pharmacy segment accounted for USD 7.9 billion in 2023.
 

  • Hospital pharmacies stock a wide range of hyperlipidemia drugs, including statins, fibrates, and others, ensuring immediate availability for patients admitted with acute cardiovascular conditions or requiring lipid-lowering therapies as a part of their treatment plan.
     
  • Hospital pharmacists are highly trained in managing complex medication regimens, including hyperlipidemia drugs. They possess specialized knowledge in drug interactions, dosing adjustments, and monitoring parameters, ensuring safe and effective medication use for hospitalized patients with lipid disorders.
     
  • Further, they collaborate closely with healthcare teams, including physicians, nurses, and dietitians, to optimize medication therapy for hyperlipidemia. They participate in multidisciplinary rounds, providing valuable insights into drug selection, dosing adjustments based on patient conditions, and monitoring parameters to achieve therapeutic goals effectively. Thus, escalating the growth of the market.
     
North America Iron Deficiency Anemia Therapy Market, 2021- 2032 (USD Billion)

The growth of the hyperlipidemia drugs market in the U.S. is projected to reach USD 10.5 billion by 2032.
 

  • The U.S. boasts a robust pharmaceutical industry characterized by extensive investment in research and development (R&D). This environment fosters continuous innovation in hyperlipidemia drugs, leading to the discovery of novel therapies, improved formulations, and enhanced treatment strategies.
     
  • The region has a relatively high prevalence of cardiac diseases. For instance, in 2021, according to the Centers for Disease Control and Prevention (CDC), heart disease claimed one life every 33 seconds in the U.S., with nearly 695,000 deaths. Heart diseases also accounted for one out of every five deaths in the country in 2021. As a result, the demand for hyperlipidemia drugs increased significantly in the country.
     

The hyperlipidemia drugs market in the UK is expected to experience significant growth from 2024 to 2032.
 

  • The National Health Service (NHS) provides universal healthcare coverage to residents of the UK, ensuring equitable access to medical services, including lipid-lowering therapies. This comprehensive healthcare system facilitates early diagnosis, timely treatment initiation, and long-term management of hyperlipidemia, thereby reducing cardiovascular risk and improving patient outcomes across diverse demographic groups.
  • Furthermore, growing awareness of reducing the risk of cardiovascular diseases in the country is also driving the demand for timely diagnosis and therapeutic treatments for hyperlipidemia.
     

The hyperlipidemia drugs market in Japan is anticipated to witness lucrative growth between 2024 and 2032.
 

  • Japan is home to a robust pharmaceutical industry known for its innovation and technological advancement. Pharmaceutical companies invest heavily in research and development (R&D) to discover and develop novel hyperlipidemia drugs.
     
  • The Pharmaceuticals and Medical Devices Agency (PMDA) in Japan regulates the approval and marketing of pharmaceutical products, including hyperlipidemia drugs. The PMDA maintains high standards for drug safety, efficacy, and quality, ensuring that medications meet rigorous regulatory requirements before being introduced to the market.
     

The hyperlipidemia drugs market in Saudi Arabia is expected to experience significant growth from 2024 to 2032.
 

  • Saudi Arabia has been adopting advanced healthcare technologies, including telemedicine and digital health solutions. These innovations are helping healthcare facilities support the remote monitoring of patients with hyperlipidemia, improving their adherence to treatment regimens and enhancing overall management of hyperlipidemia in the country.
     
Authors: Mariam Faizullabhoy, Gauri Wani

Frequently Asked Questions (FAQ) :

Hyperlipidemia drugs industry size was valued at around USD 21.6 billion in 2023 and is estimated to record 3.2% CAGR from 2024 to 2032, owing to the rising prevalence of cardiovascular diseases, advancements in drug development, and rising geriatric population.

The acquired segment of the market is predicted to reach USD 18.5 billion by 2032, on account of the increasing incidence of lifestyle-related disorders as well as the high prevalence of acquired hyperlipidemia, favoring the availability of multiple drugs, including statins, fibrates, bile acid sequestrants, and PCSK9 inhibitors.

The U.S. hyperlipidemia drugs market is projected to reach USD 10.5 billion by 2032, as the region boasts a robust pharmaceutical sector characterized by extensive investment in R&D, fostering continuous innovation in hyperlipidemia drugs, leading to the discovery of novel therapies, improved formulations, and enhanced treatment strategies.

AstraZeneca PLC, Amgen Inc., Alnylam Pharmaceuticals, Inc., Bristol-Myers Squibb Company, Dr. Reddy

Hyperlipidemia Drugs Market Scope

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  • Base Year: 2023
  • Companies covered: 16
  • Tables & Figures: 284
  • Countries covered: 23
  • Pages: 210
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