Global Dyslipidemia Drugs Market to Decline at 10.30% CAGR between 2015 and 2023, Impending Patent Expiry to Decrease Profit Margins of Drugmakers The research report, titled “Dyslipidemia Drugs Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023,� states that the impending patent expiry of blockbuster dyslipidemia drugs is likely to dilute profit margins of drugmakers in this market. This factor is expected to influence the global dyslipidemia drugs market negatively over the forecast period, resulting in a decline in its market valuation. Transparency Market Research (TMR) has recently published a market study on the global market for dyslipidemia drugs and projected that this market will decline at a CAGR of 10.30% during the period from 2015 to 2023. The worldwide dyslipidemia drugs market stood at US$17.9 bn in 2014. Analysts at TMR estimate the overall value of the market to reach US$6.9 bn by the end of the forecast period.
Dyslipidemia is a chronic metabolic disease, characterized by abnormal amount of low density lipoprotein, high density lipoprotein and triglyceride levels. Abnormal lipid level is also one of the major risk factor for the cardiovascular diseases such as atherosclerosis, hypertension and others. The range of therapeutics which includes statins, bile acid resins, cholesterol absorption inhibitors, fibric acid derivatives, omega-3 fatty acid derivatives and niacins are used for the treatment and mitigation of dyslipidemia disorder. Additionally, combination therapies such as statin and fibric acid analogs, ezetimibe and statins (Vytorin), niacins and statins (Advicor) and others are also used for effective treatment of dyslipidemia. Increasing incidences of dyslipidemia in developed (i.e. North America and Europe) and developing (i.e. Asia Pacific and Latin America) regions coupled with rising number of prescription for drugs such as statins and fibric acid derivatives drives the dyslipidemia drugs market growth. However, increase in the number of year on year patent expirations of blockbuster drugs such as Lipitor, Vytorin, Zetia and Crestor is expected to hamper the growth of dyslipidemia drugs market. This market was valued at USD 17,858.3 million in 2014 and is projected to contract at a CAGR of -10.3% from 2015 to 2023 to reach USD 6,888.9 million by 2023.