Cholesterol Lowering Drugs Market: Introduction According to the report, the global cholesterol lowering drugs market was valued at approximately ~US$ 29 Bn in 2018. It is expected to expand at a CAGR of ~3% during the forecast period from 2019 to 2027. Cholesterol lowering drugs are medications used to control elevated levels of cholesterol in human body. This elevated cholesterol level can cause various cardiovascular diseases. These cholesterol lowering drugs are statins, PCSK9 inhibitors, fibrates, and other drug classes, which act by different mechanisms of action for lowering the elevated cholesterol levels. Some new drugs are in the pipeline for cholesterol lowering as PCSK9 inhibitors, nicotinic acid, and other drugs, which are expected to be launched over the next few years. The growth of the cholesterol lowering drugs market can be attributed to the rise in prevalence of cardiovascular diseases such as coronary artery disease globally. North America dominated the global cholesterol lowering drugs market in 2018 and is projected to continue its dominance during the forecast period, due to higher prevalence of cardiovascular disease and a number of new approved products. Increase in Prevalence of Coronary Artery Disease to Drive Cholesterol Lowering Drugs Market Growing prevalence of different cardiovascular diseases, which are caused by various factors such as increased obesity, changing food habits, higher alcohol consumption, and smoking is driving the cholesterol lowering drugs market. For instance, according to CDC database, 2015, over 370,000 people die annually in the U.S. due to coronary artery disease. Moreover, new drug development therapies for cholesterol lowering and rising awareness about cardiovascular diseases are some of the major factors responsible for the growth of the cholesterol lowering drugs market. Request Brochure of Report - https://www.transparencymarketresearch.com/sample/sample.php? flag=B&rep_id=28142 High Demand for Statins & Combination Drugs Based on drug class, the cholesterol lowering drugs market has been segmented into statins & combination, PCSK9 inhibitors, bile acid sequestrants, fibrates, cholesterol absorption inhibitors, and others. The statins & combination segment dominated the cholesterol lowering drugs market in 2018. This segment is expected to dominate during the forecast period, owing to its better efficacy and cost effectiveness of this drug class. PCSK9 inhibitors is expected to be a more promising segment during the forecast period. It is anticipated to grow at a high CAGR from 2019 to 2027. Better tolerance, newly approved drugs in this class, and price revision by companies are some of the factors anticipated to drive the PCSK9 inhibitor segment during the forecast period. Coronary Artery Disease to be a Key Indicator of High Levels of Cholesterol In terms of indication, the cholesterol lowering drugs market has been divided into hypercholesterolemia, coronary artery disease, and higher triglycerides. Coronary artery disease is expected to be a more promising segment during the forecast period. It is likely to grow at a high CAGR during the forecast period, owing to changing lifestyle and growing number of prescriptions for these diseases. Hypercholesterolemia dominated the global market in 2018 due to rise in prevalence of disorders related to elevated cholesterol levels in the blood due to unhealthy diet.
Cholesterol Lowering Drugs Market to Witness an Outstanding Growth by 2027
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