(Companies: Abbott Laboratories Limited, Apotex Fermentation Inc., Biocon Ltd, Cadila Healthcare Limited, and Chunghwa Chem Syn & Biotech Co., Ltd.)
The global hypolipidemics market was valued at about $10.1 billion in 2018. The hypolipidemic drugs industry includes establishments that produce hypolipidemic drugs or agents that lower lipid and lipoproteins levels in the blood. These drugs can be used to prevent cardiovascular diseases and atherosclerosis in Hyperlipidemia patients. Some of the major hypolipidemic drugs include fibric acid derivatives, bile acid binding resins, nicotinamides, and cholesterol absorption inhibitors.
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The global hypolipidemics market is expected to decline to $7.56 billion at a rate of -7.0% through 2022. Shifts in diet and change in lifestyles of people is driving the growth of hypolipidemic drugs market. Increase in the consumption of unhealthy food, rising prevalence of smoking and drinking have led to an increase in the level of cholesterol intake by the people. The rising levels of cholesterol due to change in lifestyles of the people is rising demand for hypolipidemic drugs as they aid in lowering the cholesterol levels.
The growth in the usage of biologics acts as a prime restraint that hinders the hypolipidemic drug market growth. Major players in the market are Abbott Laboratories Limited, Apotex Fermentation Inc., Biocon Limited, Cadila Healthcare Limited and Chunghwa Chem Syn& Biotech Co., Ltd. Biocon Limited is an Indian biopharmaceutical company based in Bangalore, India. The Company manufactures generic active pharmaceutical ingredients that are sold across the globe, including the developed markets of the United States and Europe.
Companies in this market are increasingly investing in using data generated from wearables in clinical trials to improve the speed and efficiency of trials, and therefore reduce overall costs. By continuously capturing data from patients via wearable technologies, clinical trial sponsors may be able to reduce the burden of frequent site visits, which could improve patient dropout rates and overall clinical trial efficiencies. The use of wearables helps to tackle the challenge of patient recruitment, helps in monitoring patients, gives accurate and real time data, and gives earlier decision-making opportunities while the patient is undergoing a clinical trial.
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Points From Table Of Contents:
2. Hypolipidemic Drugs Market Characteristics
3. Hypolipidemic Drugs Market Size And Growth
3.1. Global Hypolipidemic Drugs Historic Market, 2014 – 2018, $ Billion
3.1.1. Drivers Of The Market
3.1.2. Restraints On The Market
3.2. Global Hypolipidemic Drugs Forecast Market, 2018 – 2022F, 2025F, 2030F, $ Billion
3.2.1. Drivers Of The Market
3.2.2. Restraints On the Market
4. Hypolipidemic Drugs Market Segmentation
4.1. Global Hypolipidemic Drugs Market, Segmentation By Product Type, Historic and Forecast, 2014-2018, 2022F, 2025F, 2030F, $ Billion
Cholic Acid Regulator
HMG-CoA Reductase Inhibitors
Adenylate Cyclase Inhibitors
Nicotinic Acid Drugs
Others
4.2. Global Hypolipidemic Drugs Market, Segmentation By Application, Historic and Forecast, 2014-2018, 2022F, 2025F, 2030F, $ Billion
Hospital
Clinics
Pharmacy
Cardiovasology
5. Hypolipidemic Drugs Market Regional And Country Analysis
5.1. Global Hypolipidemic Drugs Market, Split By Region, Historic and Forecast, 2014-2018, 2022F, 2025F, 2030F, $ Billion
5.2. Global Hypolipidemic Drugs Market, Split By Country, Historic and Forecast, 2014-2018, 2022F, 2025F, 2030F, $ Billion
6. Asia-Pacific Hypolipidemic Drugs Market
6.1. Asia-Pacific Hypolipidemic Drugs Market Overview
6.2. Asia-Pacific Hypolipidemic Drugs Market, Segmentation By Product Type, Historic and Forecast, 2014-2018, 2022F, 2025F, 2030F, $ Billion
6.3. Asia-Pacific Hypolipidemic Drugs Market, Segmentation By Application, Historic and Forecast, 2014-2018, 2022F, 2025F, 2030F, $ Billion
7. China Hypolipidemic Drugs Market
7.1. China Hypolipidemic Drugs Market Overview
7.2. China Hypolipidemic Drugs Market, Segmentation By Product Type, Historic and Forecast, 2014-2018, 2022F, 2025F, 2030F,$ Billion
7.3. China Hypolipidemic Drugs Market, Segmentation By Application, Historic and Forecast, 2014-2018, 2022F, 2025F, 2030F,$ Billion
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