Global Antihyperlipidemic Drugs Market to Reach US$ 18.2 Billion by 2032, Impelled by Rising Prevalence of Hyperlipidemia

February 27, 2023 | Healthcare

IMARC Group's latest report, titled "Antihyperlipidemic Drugs Market Report by Drug Class (Statins, Bile Acid Sequestrants, Cholesterol Absorption Inhibitors, Fibric Acid Derivatives, PCSK9 Inhibitors, Combination, and Others), Route of Administration (Oral, Intravenous), Distribution Channel (Hospital Pharmacies, Retail Stores, Online Retailers), and Region 2024-2032," finds that the global antihyperlipidemic drugs market size reached US$ 12.6 Billion in 2023. Antihyperlipidemic drugs help in lowering blood lipid levels, including cholesterol. These medications are also known as hypolipidemic or lipid-lowering drugs in reference to their main physiological effects. They can be taken along with different medicines to lower cholesterol and reduce the risk of developing certain diseases. Some commonly available antihyperlipidemic drugs include cholesterol absorption inhibitors, fibric acid derivatives, statins, antihyperlipidemic combinations, bile acid sequestrants, and PCSK9 inhibitors. These drugs can prevent absorption, facilitate the elimination of more lipids in feces, and increase good cholesterol levels to lower bad cholesterol. At present, antihyperlipidemic drugs are available in different classes across the globe, which can be given depending on the patient’s underlying disease, cholesterol profile, and other factors. 

Global Antihyperlipidemic Drugs Market Trends:

The rising prevalence of hyperlipidemia due to the high consumption of fatty foods and nicotine addiction represents the primary factor driving the market growth. Moreover, hyperlipidemia increases the risk of developing coronary artery disease (CAD), which is a leading cause of death among adults. In line with this, the escalating demand for antihyperlipidemic drugs to improve the low levels of high-density lipoprotein (HDL) cholesterol while reducing the high levels of low-density lipoprotein (LDL) cholesterol and triglycerides are positively influencing the market growth. Additionally, antihyperlipidemic drugs are used to treat high cholesterol levels and various lipid disorders in children. Along with this, the rising product demand to reduce hospitalization rates and premature deaths due to the increase in the number of genetic and acquired disorders of lipid and lipoprotein metabolism among the pediatric population has catalyzed market growth. Furthermore, several key players are developing, synthesizing, and evaluating a variety of new molecules for these drugs, thereby contributing to market growth. Other factors, including the rising prevalence of sedentary lifestyles, increasing incidences of cardiovascular disorders, surging approval of new and advanced drugs, and expanding geriatric population, are also anticipated to create a positive market outlook. Looking forward, IMARC Group expects the market value to reach US$ 18.2 Billion by 2032, expanding at a CAGR of 4.1% during 2024-2032.

Market Summary:

  • Based on the drug class, the market has been divided into statins, bile acid sequestrants, cholesterol absorption inhibitors, fibric acid derivatives, PCSK9 inhibitors, combination, and others. 
  • On the basis of the route of administration, the market has been bifurcated into oral and intravenous. 
  • The market has been categorized based on the distribution channel into hospital pharmacies, retail stores, and online retailers.
  • Region-wise, the market has been segregated into North America (the United States and Canada), Asia-Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others), Latin America (Brazil, Mexico, and others) and Middle East and Africa.
  • The competitive landscape of the market has also been examined, with some of the key players being Amgen Inc., AstraZeneca plc, Daiichi Sankyo Company Limited, Merck & Co. Inc., Novartis AG, Pfizer Inc., and Sanofi S.A.

Report Scope:

Report Features Details
Base Year of the Analysis 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Units US$ Billion
Segment Coverage Drug Class, Route of Administration, Distribution Channel, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered Amgen Inc., AstraZeneca plc, Daiichi Sankyo Company Limited, Merck & Co. Inc., Novartis AG, Pfizer Inc. and Sanofi S.A.
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 3899
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Corporate License: US$ 5899
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

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Global Antihyperlipidemic Drugs Market to Reach US$ 18.2 Billion by 2032, Impelled by Rising Prevalence of Hyperlipidemia
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