Dyslipidemia Drugs Market: Business Challenges, Emerging Technologies & Competitive Landscape

Dyslipidemia is a chronic metabolic syndrome, characterized by improper level of low density lipoprotein, high density lipoprotein, and triglycerides. This study on the dyslipidemia drugs market involves the analysis of a wide range of therapeutics that help patients to treat lipid disorders. The dyslipidemia drugs market promises lucrative growth opportunities for pharmaceutical manufacturers due to increasing demand and prescriptions of these medications. According to the Centers for Disease Control and Prevention, cholesterol abnormalities are rapidly increasing in developed regions such as North America and Europe. Moreover, several articles published in open journals stated that demand for lipid lowering drugs is increasing in countries such as China, India, and Japan. However, loss of patent exclusivity of molecules such as Crestor, Zetia, and Vytorin is expected to hamper the growth of the market during the forecast period.
This 101 page report gives readers a comprehensive overview of the Dyslipidemia Drugs Market. Browse through 13 data tables and 27 figures to unlock the hidden opportunities in this market: http://www.transparencymarketresearch.com/dyslipidemia-market.html
This report comprises a detailed study of various drug classes for the treatment of dyslipidemia. The dyslipidemia drugs market has been segmented into statins, bile acid resins, fibric acid derivatives, niacins, and others (combination drugs and cholesterol absorption inhibitors). The statins segment comprises combined market revenue of statin drugs such as atorvastatin, fluvastatin, rosuvastatin, pravastatin, simvastatin, pitavastatin, and lovastatin. The bile acid resins segment included resins such as Cholestyramine, Colestipol, Colesevelam, and Cholybar. The fibric acid, and omega-3 fatty acid derivatives segment comprises generic drugs such as Fenofibrate, Clofibrate, and Bezafibrate. Other branded omega-3 fatty acids include Lovaza, Vascespa, and Omtryg. Niacins includes drugs such as Niaspan, Slo-Niacin, and Niacor. The others segment encompasses market analysis of combination drug therapies such as Advicor, Vytorin, and Caduet, as well as cholesterol inhibitor drugs. The market size and forecast for each drug class has been provided for the period from 2013 to 2023. The report also provides the compound annual growth rate (% CAGR) for the forecast period from 2015 to 2023 for each drug class, considering 2013 to 2014 as the historical and base year, respectively.
By geography, the dyslipidemia drugs market has been studied for five major regions: North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. Each region has been further divided into major countries i.e., North America: the U.S. and Canada; Europe: Germany, France, the U.K. and Rest of Europe; Asia Pacific: China, Japan, India and Rest of APAC; Latin America: Brazil and Rest of LATAM; Middle East and Africa: South Africa and Rest of MEA. The market size and forecast for each region and country has been estimated for the period 2013 to 2023 in terms of revenue (USD million). The report also provides the compound annual growth rate (CAGR %) during the forecast period from 2015 to 2023 for all the regions and countries mentioned above.
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The market overview section of the report discusses the market dynamics with respect to the market drivers, restraints, and opportunities. This section also covers information on epidemiology, etiology, dyslipidemia diagnostics, trends and future aspects, and market attractiveness analysis, by geography of the dyslipidemia drugs market. A list of recommendations for existing and new players to enter the market and enhance their position is also provided in the report. The report concludes with company profiles of key players operating in various drug classes of the market. Each company profile includes business overview, financial overview, product portfolio, business strategies, and recent developments of the respective market player. Prominent players in the dyslipidemia drugs market that have been profiled in the report include Abbott Laboratories, Amgen, Inc., Pfizer, Inc., Novartis AG, Mylan N.V., Merck & Co., Inc., and AstraZeneca plc

Statins are Leading Drug Class in Global Dyslipidemia Market but Decline of Niacins Market to Hamper Overall Growth

The top five players in the global dyslipidemia drugs market are AstraZeneca plc., Merck & Co., Inc., Pfizer, Inc., Daiichi Sankyo Company, Limited, and Abbott Laboratories. The cumulative share of these players in the global market was valued at 74.4% in 2014. The exclusivity in the rights of blockbuster drugs has been the primary growth driver for these companies. Analysts predict that intensive research and development activities by these players will determine their success rate and the extent of their role in the growth of the overall market in the near future.

The research report states the global dyslipidemia drugs market is expected to decline to US$6.88 bn by 2023 from US$17.85 bn in 2014. Between 2015 and 2023, the global market is expected to witness a declining CAGR of -10.3%.

This 101 page report gives readers a comprehensive overview of the Dyslipidemia Drugs Market. Browse through 13 data tables and 27 figures to unlock the hidden opportunities in this market: http://www.transparencymarketresearch.com/dyslipidemia-market.html

Europe Experiences Least Decline in the Global Market

Out of the various drug classes, the fibric acid and omega-3 fatty acid derivatives segment will exhibit the least decline, at a CAGR of -1.6% during the forecast period. Rising number of prescriptions for drugs such as Lovaza, Epanova, and Vascespa will help this segment gain slight momentum in the overall competitive landscape in the coming few years. By the end of 2023, the fibric acid and omega-3 fatty acid derivatives segment will reach a valuation of US$1,003.2 mn.

Geographically, the drop in the Europe dyslipidemia market will be comparatively lower at a -9.9% CAGR between 2015 and 2023. The factors mitigating the losses of the dyslipidemia market across Europe will be supportive norms for the pharmaceutical manufacturing sector and higher consumer spending on branded formulations.

Obesity becomes the Undercurrent for Growth of Dyslipidemia Drugs Market

The high incidence of abnormalities related to triglyceride and cholesterol are expected to encourage the global dyslipidemia market. The changing lifestyles along with increasing cases of obesity due to lack of exercise and consumption of unhealthy food items has given the overall market a fresh boost. Referred to as a serious cardiovascular condition, the growing number of diabetics is also likely to fuel this market over a period of time as high lipoprotein abnormalities such as reduced plasma HDL cholesterol and hypertriglyceridemia are common among type 2 diabetics. Treating these abnormalities requires drug therapy such as statins and other combination drug therapies.

Factors such as ongoing research and development pertaining to the enhancement of existing drug therapies along with discovering new ones have provided an incredible leverage to the overall market. A robust pipeline and commercialization of various drugs are expected to create a good scope for sales of dyslipidemia drugs in the near future. The increasing awareness about diseases amongst the overall global population due to promotional activities has also raised hopes for this market to climb back to positive growth. The relentless efforts made by the government and private organizations to raise awareness and educate the masses about dyslipidemia drugs is expected to boost the demand for drugs in the near future.

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Patent Expirations to Reduce Profit Margins for Big Players

As the patents of blockbuster drugs are nearing expiration date, they are likely to create a massive dent in the profits earned by the actual manufacturing companies. Currently, the market is governed by a few big brands, who are likely to lose their patents in the near future, which will hamper their profit margins. The introduction of generic drugs is also expected to increase the competition, by increasing the affordability of drugs equivalent to branded formulations.

“To revive the demand for dyslipidemia drugs and to reduce the manufacturing costs, enterprises must increase their footprint in the emerging economies,” suggests the lead author of this research report. Highly populated countries such as India and China are expected to offer huge patients pools and cheap labor, both of which will benefit the overall market, reports the author.

This review is based on Transparency Market Research’s report, titled “Dyslipidemia Drugs Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 – 2023.”

Key Takeaways:

• Global dyslipidemia drugs market to decline to US$6.88 bn by 2023
• Europe experiences the least decline at -1.6% CAGR as manufacturers receive regulatory support
• Rising prevalence of obesity holds hope to revive usage of dyslipidemia drugs in near future