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Dyslipidemia Therapeutics Market Scenario Indicates Prime Trends & Growth Parameters, 2018-2028 | Key Players are Kowa Pharmaceuticals America Inc., Merck & Co., Pfizer, etc.
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Nature of the global dyslipidemia therapeutics market remains consolidated, with leading players accounting for approximately 60% shares. Co-promotion of dyslipidemia therapeutic drugs with local or regional players, aggressive marketing, new product launches, and high investments in research and development of novel drugs are the go-to strategies being employed by leading dyslipidemia therapeutics market players to expand their global footprint. Meanwhile, local players continue to focus on expanding their manufacturing capacity to meet the growing demand for dyslipidemia drugs in the regional market. Additionally patent expiration of a multiple dyslipidemia drugs is expected to open up new opportunities for the regional players in terms of drug discovery and development.
The report on the dyslipidemia therapeutics market also provides a detailed analysis of the key players operating in the dyslipidemia therapeutics market. The dyslipidemia therapeutics market report provides a comprehensive profile of leading players functioning in the dyslipidemia therapeutics market which include Merck & Co., Pfizer, Novelion Therapeutics, Mylan, Abbott Laboratories, and Novartis AG.
Efficacy-driven Novel Approaches for Dyslipidemia Therapeutics
Combination therapies for dyslipidemia have gained a marked significance in the recent past, deemed as an efficient solution to offset concerns regarding varied effectiveness of statins with respect to affected patients. Complementary mechanisms in combination with statins have emerged as a novel measures to ebb low-density lipoprotein levels – a key aspect enhancing the risk of dyslipidemia. Recent approval of novel drugs such as PCSK9 antibodies by regulatory authorities such as China’s National Medical Products Administration (NMPA), and The UK’s National Institute for Health and Care Excellence (NICE), alludes a rise in prevalence of novel drugs for dyslipidemia therapeutics in the near future. Medical researchers’ efforts towards the identification of new gene therapies for treatment of Mendelian lipid disorders can further open gateways to efficient dyslipidemia therapeutics and management. Additionally, leading players in the dyslipidemia therapeutics market are taking efforts to improve the overall efficacy of their dyslipidemia therapeutic drugs and are investing heavily in research and development of novel medication to target triglycerides and other lipoproteins.
Shifting consumer preference towards using nutraceuticals to combat health concerns has triggered multiple researches on effectiveness of nutraceuticals in reducing lipid levels in patients. Statin intolerance is a common occurrence in patients, and nutraceuticals provide a natural alternative to keep lipids in check. Consumption of statins has been linked with certain side effects that has significantly raised concerns regarding statins among healthcare professionals and patients alike. New-onset diabetes, muscle pain, and increased incidences of hemorrhagic stroke have been reported among patients consuming statins. Nutraceuticals such has omega-3 fatty acids, soy proteins, spirulina, lupin, berberine, red yeast rice, and garlic fibers are some of the functional foods that have cholesterol-lowering benefits. Although the degree of their effectiveness on different patients is not yet fully understood, nutraceuticals are likely to gain significance as a natural treatment with no adverse effects on patients.
Collaborative and Integrated Efforts towards Drug Development to be a Key Growth Influencer
With growth palpability in patent expiration of multiple exclusive dyslipidemia therapeutic drug, pharmaceutical companies are continuously striving towards developing new and innovative solutions. However, certain factors such as lower pricing pressures, and early access to new and innovative therapies, have exacerbated the difficulties in drug development for dyslipidemia therapeutics. This has further resulted in a significant imbalance between R&D investments and profits related to dyslipidemia therapeutics.
Pharmaceutical companies are already following strategies such as open innovation, in-and-out licensing, and active technology scouting to boost innovation in dyslipidemia therapeutics development. Additionally, agency partners that offer a multidisciplinary and integrated approach for drug development will continue to sustain growth of the dyslipidemia therapeutics market. With expertise across disciplines, the agency partners could provide a solution to streamline the process of new drug development and marketing thus simplifying the drug development process for pharmaceutical companies.
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