The global market for Antihyperlipidemic Drugs Market was estimated to be worth USD 13.49 billion in 2023 and is expected to grow to USD 25.65 billion by the end of 2032, according to a report released by Zion Market Research. Over the course of the projection period, the market is anticipated to rise at a CAGR of 7.4%. The growth factors, barriers, and effects on demand for the worldwide antihyperlipidemic drug market are examined in this study for the period of forecasting. Additionally, it will aid in navigating and investigating the prospects that are present in the labeling equipment market sector.

Global Antihyperlipidemic Drugs Market: Overview

Hyperlipoproteinemia, another name for hyperlipidemia, is a lipid disorder marked by high blood levels of fat (lipid). It is brought on by issues with plasma lipoprotein synthesis and degradation, plasma lipid transport, or lipid metabolism. Treating hyperlipidemia is necessary because it is a dangerous medical condition. Medications classified as lipid-lowering, cholesterol-lowering, or antihyperlipidemic medicines are used to treat excessive blood levels of fats and lipoproteins, which are fats that contain protein. These drugs are intended to lower the risk of heart attacks and treat cardiovascular conditions like atherosclerosis.

Triglycerides and cholesterol are examples of chemical compounds known as lipids that are insoluble in water. A medical disorder called hyperlipidemia is characterized by an increase in blood lipid levels. This increase in cholesterol levels causes fatty deposits to accumulate in the arteries, which clog the patient's arteries. The obstructions may thereby increase the risk of heart attacks.

The rise in sedentary lifestyles is one of the factors driving the market's expansion. Additionally, an increase in the prevalence of conditions linked to uneven blood cholesterol levels supports the expansion of the antihyperlipidemic medication market.

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Global Antihyperlipidemic Drugs Market: Growth Factors

Furthermore, by 2020, cardiovascular illnesses are expected to account for seven out of ten deaths in developing nations, according to a survey conducted by faculty members at the Department of Nutrition and Health Sciences at University Putra Malaysia. This is creating a massive demand for antihyperlipidemic medications, which is fueling the market's expansion. In addition, some of the major drivers propelling the global market are the rise in the elderly population, the rise in healthcare spending, and the rise in sedentary lifestyles.

It has now been demonstrated that COVID-19 may also affect and harm the heart, raising the possibility of implications for the many people worldwide who currently have or are at risk of heart disease. Previously, it was thought that the virus exclusively attacked the lungs. Patients with COVID-19 frequently experience cardiovascular issues, which, when combined with pre-existing cardiovascular comorbidities and RF, can have a serious negative impact on clinical outcomes or even result in death.

Increased awareness of the problems associated with hyperlipidemia is another important driver of the market's expansion. Nonetheless, the market's expansion is hampered by the treatment's high cost. On the other hand, during the projection period, the growth prospects that emerging economies are displaying are anticipated to present profitable prospects.

Global Antihyperlipidemic Drugs Market: Segmentation

Based on the route of administration, drug class, distribution channel, and geography, there are two segments in the global market for antihyperlipidemic medications.

The intravenous and oral segments of the global market are separated based on the mode of administration. The family of medications known as antihyperlipidemic medicines includes fibric acid derivatives, combinations.

PCSK9 inhibitors, statins, bile acid sequestrants, and inhibitors of cholesterol absorption. Hospital pharmacies, retail outlets, and internet sellers make up the distribution channel sector.

To offer a thorough analysis of the market, the market size for antihyperlipidemic medications is examined based on segments, drug class, and geographic location.

The market is segmented into several medication classes, including fibric acid derivatives, bile acid sequestrants, cholesterol absorption inhibitors, PCSK9 inhibitors, and statins.

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Global Antihyperlipidemic Drugs Market: Regional Analysis

Over the projected period, North America is predicted to maintain its leading position in the global market for antihyperlipidemic medications in terms of revenue. Given the rise in vascular illnesses and amputations in North America, it is anticipated that the market for antihyperlipidemic medications will expand. The growth of the North American market can also be attributed to the large R&D and healthcare spending that local governments and commercial prosthetics businesses have made. Europe is anticipated to occupy the second position in the market with respect to market share for antihyperlipidemic medications.

Due to easy access to antihyperlipidemic medications, North America held the largest market share for these medications in 2018. This trend is anticipated to continue. The rise in sedentary lifestyles in the area is also a significant component of the market's expansion. The market for antihyperlipidemic medications is also growing as a result of the rise in the obese population.

On the other hand, due to a rise in awareness regarding the usage of antihyperlipidemic medications, Asia-Pacific is predicted to increase at the quickest rate during the forecast period. The market expansion in developing economies like China, India, Malaysia, and others is propelled by the dynamic life science sector.

Global Antihyperlipidemic Drugs Market: Competitive Players

• Biotest AG
• Shire Plc
• Pfizer, Inc.
• Grifols S.A.
• AstraZeneca plc
• Talecris Biotherapeutics, Inc
• Baxalta Incorporated
• Kedrion S.p.A.
• Octapharma AG
• Boehringer Ingelheim GmbH

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The Global Antihyperlipidemic Drugs Market is segmented as follows:   By administration

• intravenous
• oral

By drug class

• Cholesterol absorption inhibitors
• bile acid sequestrants
• statins
• combination
• PCSK9 inhibitors
• fibric acid derivatives

By distribution channel

• online retailers
• retail stores
• hospital pharmacies

Global Antihyperlipidemic Drugs Market: Regional Segment Analysis

• North America The U.S. Canada
• Europe France The UK Spain Germany Italy Rest of Europe
• Asia Pacific China Japan, and India South Korea Southeast Asia Rest of Asia Pacific
• Latin America Brazil Mexico Rest of Latin America
• Middle East & Africa GCC South Africa Rest of Middle East & Africa

Hyperlipidemia is a medical condition, that occurs due to a rise in the level of lipids in the blood. This leads to the deposition of plaque in the arteries; thereby, narrowing them. This can also lead to blockage, which increases the risk of a heart attack. The treatment of this condition involves the use of anti-hyperlipidemic drugs. These drugs are used to control the level of lipids in the blood.

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