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Statin Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026

Market Overview:

The global statin market exhibited moderate growth during 2015-2020. Looking forward, IMARC Group expects the market to grow at a CAGR of 3.5% during 2021-2026. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use sectors. These insights are included in the report as a major market contributor. 

Statin is a lipid-lowering medication, an agent that is consumed by patients to reduce their blood cholesterol levels. Atorvastatin, rosuvastatin, lovastatin and simvastatin are the most common types of statins available in the market. They aid in preventing the instances of atherosclerosis and heart attacks and have significant anti-inflammatory and plaque-stabilizing effects. These drugs also aid in minimizing vascular inflammation and oxidative stress in the body. Besides this, statin interferes with the production of enzymes that are crucial for the liver to produce cholesterol, thus aiding in lowering the overall blood cholesterol levels in the body.

The increasing prevalence of hypercholesterolemia across the globe is among the key factors driving the growth of the market. This disorder is highly prevalent among the geriatric population and individuals suffering from other ailments, such as diabetes, obesity and cardiovascular diseases (CVDs), which is facilitating product adoption across both the developed and emerging nations. Furthermore, increasing consumer preference for over-the-counter (OTC) drugs is another factor contributing to the market growth. In comparison to brand name drugs, OTC variants are usually more affordable. Additionally, the growing adoption of combination therapies that use statin with other cholesterol diminishing compounds, such as ezetimibe, is acting as another growth-inducing factor. Research has found statin-ezetimibe combination therapy to be capable of achieving near-normal lipid profiles in familial hypercholesterolemia patients and significantly reducing the risk of CVDs occurrence. Other factors, including improving healthcare infrastructure and growing health consciousness among consumers, are projected to drive the market further.

IMARC Group’s latest report provides a deep insight into the global statin market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. This report is a must-read for industry players, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the statin industry in any manner.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global statin market report, along with forecasts for growth at the global, regional and country level from 2021-2026. Our report has categorized the market based on type, therapeutic area, drug class, application and distribution.

Breakup by Type:

  • Synthetic Statins
  • Natural Statins
     

Breakup by Therapeutic Area:

  • Cardiovascular Disorders
  • Obesity
  • Inflammatory Disorders
  • Others


Breakup by Drug Class:

  • Atorvastatin
  • Fluvastatin
  • Lovastatin
  • Pravastatin
  • Simvastatin
  • Others
     

Breakup by Application:

  • Dyslipidemia
  • Others
     

Breakup by Distribution:

  • Hospitals
  • Clinics
  • Others
     

Breakup by Region:

  • North America
    • United States
    • Canada
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa
     

Competitive Landscape:

The competitive landscape of the industry has also been examined with some of the key players being Abbott Laboratories, AstraZeneca, Aurobindo Pharma, Biocon, GlaxoSmithKline, Merck & Co., Novartis, Pfizer, etc.

Report Coverages:

Report Features Details
Base Year of the Analysis 2020
Historical Period 2015-2020
Forecast Period 2021-2026
Units US$ Billion
Segment Coverage Type, Therapeutic Area, Drug Class, Application, Distribution, 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 Abbott Laboratories, AstraZeneca, Aurobindo Pharma, Biocon, GlaxoSmithKline, Merck & Co., Novartis and Pfizer
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2299
Five User License: US$ 3399
Corporate License: US$ 4499
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)


Key Questions Answered in This Report:

  • How has the global statin market performed so far and how will it perform in the coming years?
  • What has been the impact of COVID-19 on the global statin market?
  • What are the key regional markets?
  • What is the breakup of the market based on the type?
  • What is the breakup of the market based on the therapeutic area?
  • What is the breakup of the market based on the drug class?
  • What is the breakup of the market based on the application?
  • What is the breakup of the market based on the distribution?
  • What are the various stages in the value chain of the industry?
  • What are the key driving factors and challenges in the market?
  • What is the structure of the global statin market and who are the key players?
  • What is the degree of competition in the market?

1   Preface
2   Scope and Methodology 

    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3   Executive Summary
4   Introduction

    4.1    Overview
    4.2    Key Industry Trends
5   Global Statin Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19
    5.4    Market Forecast
6   Market Breakup by Type
    6.1    Synthetic Statins
        6.1.1 Market Trends
        6.1.2 Market Forecast
    6.2    Natural Statins
        6.2.1 Market Trends
        6.2.2 Market Forecast
7   Market Breakup by Therapeutic Area
    7.1    Cardiovascular Disorders
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2    Obesity
        7.2.1 Market Trends
        7.2.2 Market Forecast
    7.3    Inflammatory Disorders
        7.3.1 Market Trends
        7.3.2 Market Forecast
    7.4    Others
        7.4.1 Market Trends
        7.4.2 Market Forecast
8   Market Breakup by Drug Class
    8.1    Atorvastatin
        8.1.1 Market Trends
        8.1.2 Market Forecast
    8.2    Fluvastatin
        8.2.1 Market Trends
        8.2.2 Market Forecast
    8.3    Lovastatin
        8.3.1 Market Trends
        8.3.2 Market Forecast
    8.4    Pravastatin
        8.4.1 Market Trends
        8.4.2 Market Forecast
    8.5    Simvastatin
        8.5.1 Market Trends
        8.5.2 Market Forecast
    8.6    Others
        8.6.1 Market Trends
        8.6.2 Market Forecast
9   Market Breakup by Application
    9.1    Dyslipidemia
        9.1.1 Market Trends
        9.1.2 Market Forecast
    9.2    Others
        9.2.1 Market Trends
        9.2.2 Market Forecast
10  Market Breakup by Distribution
    10.1    Hospitals
        10.1.1 Market Trends
        10.1.2 Market Forecast
    10.2    Clinics
        10.2.1 Market Trends
        10.2.2 Market Forecast
    10.3    Others
        10.3.1 Market Trends
        10.3.2 Market Forecast
11  Market Breakup by Region
    11.1    North America
        11.1.1 United States
           11.1.1.1 Market Trends
           11.1.1.2 Market Forecast
        11.1.2 Canada
           11.1.2.1 Market Trends
           11.1.2.2 Market Forecast
    11.2    Europe
        11.2.1 Germany
           11.2.1.1 Market Trends
           11.2.1.2 Market Forecast
        11.2.2 France
           11.2.2.1 Market Trends
           11.2.2.2 Market Forecast
        11.2.3 United Kingdom
           11.2.3.1 Market Trends
           11.2.3.2 Market Forecast
        11.2.4 Italy
           11.2.4.1 Market Trends
           11.2.4.2 Market Forecast
        11.2.5 Spain
           11.2.5.1 Market Trends
           11.2.5.2 Market Forecast
        11.2.6 Russia
           11.2.6.1 Market Trends
           11.2.6.2 Market Forecast
        11.2.7 Others
           11.2.7.1 Market Trends
           11.2.7.2 Market Forecast
    11.3    Asia Pacific
        11.3.1 China
           11.3.1.1 Market Trends
           11.3.1.2 Market Forecast
        11.3.2 Japan
           11.3.2.1 Market Trends
           11.3.2.2 Market Forecast
        11.3.3 India
           11.3.3.1 Market Trends
           11.3.3.2 Market Forecast
        11.3.4 South Korea
           11.3.4.1 Market Trends
           11.3.4.2 Market Forecast
        11.3.5 Australia
           11.3.5.1 Market Trends
           11.3.5.2 Market Forecast
        11.3.6 Indonesia
           11.3.6.1 Market Trends
           11.3.6.2 Market Forecast
        11.3.7 Others
           11.3.7.1 Market Trends
           11.3.7.2 Market Forecast
    11.4    Latin America
        11.4.1 Brazil
           11.4.1.1 Market Trends
           11.4.1.2 Market Forecast
        11.4.2 Mexico
           11.4.2.1 Market Trends
           11.4.2.2 Market Forecast
        11.4.3 Others
           11.4.3.1 Market Trends
           11.4.3.2 Market Forecast
    11.5    Middle East and Africa
        11.5.1 Market Trends
        11.5.2 Market Breakup by Country
        11.5.3 Market Forecast
12  SWOT Analysis
    12.1    Overview
    12.2    Strengths
    12.3    Weaknesses
    12.4    Opportunities
    12.5    Threats
13  Value Chain Analysis
14  Porters Five Forces Analysis

    14.1    Overview
    14.2    Bargaining Power of Buyers
    14.3    Bargaining Power of Suppliers
    14.4    Degree of Competition
    14.5    Threat of New Entrants
    14.6    Threat of Substitutes
15  Price Indicators
16  Competitive Landscape

    16.1    Market Structure
    16.2    Key Players
    16.3    Profiles of Key Players
        16.3.1    Abbott
           16.3.1.1 Company Overview
           16.3.1.2 Product Portfolio 
           16.3.1.3 Financials
           16.3.1.4 SWOT Analysis
        16.3.2    AstraZeneca
           16.3.2.1 Company Overview
           16.3.2.2 Product Portfolio 
           16.3.2.3 Financials
           16.3.2.4 SWOT Analysis
        16.3.3    Aurobindo Pharma
           16.3.3.1 Company Overview
           16.3.3.2 Product Portfolio 
           16.3.3.3 Financials
        16.3.4    Biocon
           16.3.4.1 Company Overview
           16.3.4.2 Product Portfolio 
           16.3.4.3 Financials
           16.3.4.4 SWOT Analysis
        16.3.5    GlaxoSmithKline
           16.3.5.1 Company Overview
           16.3.5.2 Product Portfolio 
           16.3.5.3 Financials
           16.3.5.4 SWOT Analysis
        16.3.6    Merck & Co.
           16.3.6.1 Company Overview
           16.3.6.2 Product Portfolio 
           16.3.6.3 Financials
           16.3.6.4 SWOT Analysis
        16.3.7    Novartis
           16.3.7.1 Company Overview
           16.3.7.2 Product Portfolio 
           16.3.7.3 Financials
           16.3.7.4 SWOT Analysis
        16.3.8    Pfizer
           16.3.8.1 Company Overview
           16.3.8.2 Product Portfolio 
           16.3.8.3 Financials
           16.3.8.4 SWOT Analysis

List of Figures

Figure 1: Global: Statin Market: Major Drivers and Challenges
Figure 2: Global: Statin Market: Sales Value (in Billion US$), 2015-2020
Figure 3: Global: Statin Market: Breakup by Type (in %), 2020
Figure 4: Global: Statin Market: Breakup by Therapeutic Area (in %), 2020
Figure 5: Global: Statin Market: Breakup by Drug Class (in %), 2020
Figure 6: Global: Statin Market: Breakup by Application (in %), 2020
Figure 7: Global: Statin Market: Breakup by Distribution (in %), 2020
Figure 8: Global: Statin Market: Breakup by Region (in %), 2020
Figure 9: Global: Statin Market Forecast: Sales Value (in Billion US$), 2021-2026
Figure 10: Global: Statin (Synthetic Statins) Market: Sales Value (in Million US$), 2015 & 2020
Figure 11: Global: Statin (Synthetic Statins) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 12: Global: Statin (Natural Statins) Market: Sales Value (in Million US$), 2015 & 2020
Figure 13: Global: Statin (Natural Statins) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 14: Global: Statin (Cardiovascular Disorders) Market: Sales Value (in Million US$), 2015 & 2020
Figure 15: Global: Statin (Cardiovascular Disorders) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 16: Global: Statin (Obesity) Market: Sales Value (in Million US$), 2015 & 2020
Figure 17: Global: Statin (Obesity) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 18: Global: Statin (Inflammatory disorders) Market: Sales Value (in Million US$), 2015 & 2020
Figure 19: Global: Statin (Inflammatory disorders) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 20: Global: Statin (Other Therapeutic Areas) Market: Sales Value (in Million US$), 2015 & 2020
Figure 21: Global: Statin (Other Therapeutic Areas) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 22: Global: Statin (Atorvastatin) Market: Sales Value (in Million US$), 2015 & 2020
Figure 23: Global: Statin (Atorvastatin) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 24: Global: Statin (Fluvastatin) Market: Sales Value (in Million US$), 2015 & 2020
Figure 25: Global: Statin (Fluvastatin) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 26: Global: Statin (Lovastatin) Market: Sales Value (in Million US$), 2015 & 2020
Figure 27: Global: Statin (Lovastatin) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 28: Global: Statin (Pravastatin) Market: Sales Value (in Million US$), 2015 & 2020
Figure 29: Global: Statin (Pravastatin) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 30: Global: Statin (Simvastatin) Market: Sales Value (in Million US$), 2015 & 2020
Figure 31: Global: Statin (Simvastatin) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 32: Global: Statin (Other Drug Classes) Market: Sales Value (in Million US$), 2015 & 2020
Figure 33: Global: Statin (Other Drug Classes) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 34: Global: Statin (Dyslipidemia) Market: Sales Value (in Million US$), 2015 & 2020
Figure 35: Global: Statin (Dyslipidemia) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 36: Global: Statin (Other Applications) Market: Sales Value (in Million US$), 2015 & 2020
Figure 37: Global: Statin (Other Applications) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 38: Global: Statin (Hospitals) Market: Sales Value (in Million US$), 2015 & 2020
Figure 39: Global: Statin (Hospitals) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 40: Global: Statin (Clinics) Market: Sales Value (in Million US$), 2015 & 2020
Figure 41: Global: Statin (Clinics) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 42: Global: Statin (Others) Market: Sales Value (in Million US$), 2015 & 2020
Figure 43: Global: Statin (Others) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 44: North America: Statin Market: Sales Value (in Million US$), 2015 & 2020
Figure 45: North America: Statin Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 46: United States: Statin Market: Sales Value (in Million US$), 2015 & 2020
Figure 47: United States: Statin Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 48: Canada: Statin Market: Sales Value (in Million US$), 2015 & 2020
Figure 49: Canada: Statin Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 50: Asia Pacific: Statin Market: Sales Value (in Million US$), 2015 & 2020
Figure 51: Asia Pacific: Statin Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 52: China: Statin Market: Sales Value (in Million US$), 2015 & 2020
Figure 53: China: Statin Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 54: Japan: Statin Market: Sales Value (in Million US$), 2015 & 2020
Figure 55: Japan: Statin Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 56: India: Statin Market: Sales Value (in Million US$), 2015 & 2020
Figure 57: India: Statin Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 58: South Korea: Statin Market: Sales Value (in Million US$), 2015 & 2020
Figure 59: South Korea: Statin Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 60: Australia: Statin Market: Sales Value (in Million US$), 2015 & 2020
Figure 61: Australia: Statin Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 62: Indonesia: Statin Market: Sales Value (in Million US$), 2015 & 2020
Figure 63: Indonesia: Statin Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 64: Others: Statin Market: Sales Value (in Million US$), 2015 & 2020
Figure 65: Others: Statin Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 66: Europe: Statin Market: Sales Value (in Million US$), 2015 & 2020
Figure 67: Europe: Statin Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 68: Germany: Statin Market: Sales Value (in Million US$), 2015 & 2020
Figure 69: Germany: Statin Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 70: France: Statin Market: Sales Value (in Million US$), 2015 & 2020
Figure 71: France: Statin Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 72: United Kingdom: Statin Market: Sales Value (in Million US$), 2015 & 2020
Figure 73: United Kingdom: Statin Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 74: Italy: Statin Market: Sales Value (in Million US$), 2015 & 2020
Figure 75: Italy: Statin Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 76: Spain: Statin Market: Sales Value (in Million US$), 2015 & 2020
Figure 77: Spain: Statin Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 78: Russia: Statin Market: Sales Value (in Million US$), 2015 & 2020
Figure 79: Russia: Statin Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 80: Others: Statin Market: Sales Value (in Million US$), 2015 & 2020
Figure 81: Others: Statin Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 82: Latin America: Statin Market: Sales Value (in Million US$), 2015 & 2020
Figure 83: Latin America: Statin Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 84: Brazil: Statin Market: Sales Value (in Million US$), 2015 & 2020
Figure 85: Brazil: Statin Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 86: Mexico: Statin Market: Sales Value (in Million US$), 2015 & 2020
Figure 87: Mexico: Statin Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 88: Others: Statin Market: Sales Value (in Million US$), 2015 & 2020
Figure 89: Others: Statin Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 90: Middle East and Africa: Statin Market: Sales Value (in Million US$), 2015 & 2020
Figure 91: Middle East and Africa: Statin Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 92: Global: Statin Industry: SWOT Analysis
Figure 93: Global: Statin Industry: Value Chain Analysis
Figure 94: Global: Statin Industry: Porter’s Five Forces Analysis

List of Tables

Table 1: Global: Statin Market: Key Industry Highlights, 2020 and 2026
Table 2: Global: Statin Market Forecast: Breakup by Type (in Million US$), 2021-2026
Table 3: Global: Statin Market Forecast: Breakup by Therapeutic Area (in Million US$), 2021-2026
Table 4: Global: Statin Market Forecast: Breakup by Drug Class (in Million US$), 2021-2026
Table 5: Global: Statin Market Forecast: Breakup by Application (in Million US$), 2021-2026
Table 6: Global: Statin Market Forecast: Breakup by Distribution (in Million US$), 2021-2026
Table 7: Global: Statin Market Forecast: Breakup by Region (in Million US$), 2021-2026
Table 8: Global: Statin Market: Competitive Structure
Table 9: Global: Statin Market: Key Players

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