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Cholesterol-slashing Drugs Market Research Applications, Type, Deployment, Organization Size, Verticals Forecast 2017 - 2025

02-18-2022 01:08 PM CET | Health & Medicine

Press release from: Transparency Market Research

Cholesterol-slashing Drugs

Cholesterol-slashing Drugs

Cholesterol is fat like substance that travels through bloodstream. Combination of cholesterol and protein is called lipoproteins. There are two types of lipoproteins. Low-density lipoproteins (LDL), also known as bad cholesterol, is carried from liver to the cells of body. High-density lipoproteins (HDL), also known as good cholesterol, is carried from cells back to liver where it is broken down. Low-density lipoproteins carry cholesterol to the different parts of the body that needs it. Large quantity of low-density lipoprotein in blood causes it to cling to the walls of blood vessels and eventually form clogs. Narrowed or blocked blood vessels prevent blood from reaching the heart, brain, and other organs of the body. This can lead to stroke, heart attack, or even heart failure. According to the Centers for Disease Control and Prevention, people having high cholesterol have twice the risk of heart disease compared to people with normal cholesterol level. Heart disease is a leading cause of death. According to the Centers for Disease Control and Prevention, heart disease accounts for about 610,000 deaths in the U.S. each year i.e., one in every four deaths.

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Lifestyle changes such as healthier diet and exercise can prevent or treat high cholesterol level, while in some cases medications are needed for treatment. Current therapeutic options include statins (atorvastatin, lovastatin), resins (colestipol), cholesterol absorption inhibitors (ezetimibe), and lipid lowering therapies (gemfibrozil, clofibrate). Cholesterol-slashing drugs is new class of drug and was approved by the Food and Drug Administration in 2015. Cholesterol-slashing drugs are PCSK9 inhibitors (proprotein convertase subtilisin kexin type 9). Only two PCSK9 inhibitors are available in the cholesterol-slashing drugs market: Praluent (alirocumab) and Repatha (evolocumab). PCSK9 inhibitors act by targeting a PCSK9 protein in the liver. By reducing the amount of PCSK9 in the body, PCSK9 inhibitors allow it to remove cholesterol more efficiently. According to some studies, patients treated with cholesterol-slashing drugs were 27% less likely to have a heart attack as compared to patients taking statins alone and 21% less likely to have a stroke. This is anticipated to fuel the growth of the cholesterol-slashing drugs market during the forecast period. Moreover, high prevalence rate and increase in geriatric population boost the growth of the cholesterol-slashing drugs market. However, high cost of therapy and less availability of safety data restrain the cholesterol-slashing drugs market.

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In terms of region, the cholesterol-slashing drugs market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America leads the global market, followed by Europe, due to higher incidence and prevalence rates, rise in geriatric population, and increase in demand for advanced treatment options. Asia Pacific is an emerging market for cholesterol-slashing drugs due to developing health care infrastructure, increase in patient awareness, and rising government expenditure on health care. However, poor patient awareness, high cost of therapy, and lack of availability of different treatment options are factors that restrain the cholesterol-slashing drugs market in regions such as Middle East & Africa.
Major players operating in the cholesterol-slashing drugs market include Amgen, Inc., Regeneron Pharmaceuticals, Inc., The Medicines Company, Sanofi, Eli Lilly and Company, Alnylam Pharmaceuticals, and Esperion Therapeutics, Inc.

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This intelligence report by TMR is the outcome of intense study and rigorous assessment of various dynamics shaping the growth of the market. TMR nurtures a close-knit team of analysts, strategists, and industry experts who offer clients tools, methodologies, and frameworks to make smarter decisions. Our objective, insights, and actionable analytics provide CXOs and executives to advance their mission-critical priorities with confidence.
The scrutiny of the various forces impacting the dynamics of the market, and key and associated industries, guides enterprises in understanding various consumer propositions. Our clients leverage these insights and perspectives to enhance customer experience in the fast-paced business environment.
All our insights and perspectives are broadly based on 4 Pillars or Stages: ASBC-S, which offer an elaborate and customizable framework for the success of an organization. The essence and the roles of these in organizational successes are highlighted below:

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•Agenda for CXOs: TMR, through the study, sets the tone for agendas that are pertinent to CEOs, CFOs, CIOs, and other CXO executives of businesses operating in the market. The perspectives help our clients to bridge the gap between agenda and action plan. TMR strives to offer guidance to CXOs to undertake mission-critical activities empowered by various business analysis tools, and boost the performance of the organizations. The perspectives guide you to decide on your own marketing mix that align well with the policies, visions, and mission.
•Strategic Frameworks: The study offers how organizations are setting both short-term and long-term strategic plans. Our team of experts collaborate and communicate with you to understand these to make your organizations sustainable and resilient during tough times. The insights help them decide sustainable competitive advantage for each business units.
•Benchmarking for Deciding Target Markets and Brand Positioning: The assessments in the study provides a scrutiny of marketing channels and marketing mix. Our various teams work synergistically with you to help identify your actual and potential direct, indirect, and budget competition areas. Additionally, the study helps you decide most effective budgets for various processes and promotional activities. Furthermore, the study guides you to set benchmarks for integrating people and processes with the 4Ps of marketing. Eventually, this will empower you to find out unique propositioning strategies and niches.
•Business Composability for Sustainability (C-S): Constant strategy planning for sustainability characterizing our C-S framework in the report has become more relevant than before in the face of disruptions caused by pandemics, recessions, boom and bust cycles, and changing geopolitical scenario. The TMR study offers a high level of customization to help you achieve business composability. Composable enterprises are increasingly gaining the attention of CXOs in order to help them combat market volatility. Our analysts and industry experts help you wade through such uncertainties and guide you to become a smart sustainable business in entirety.

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Our reports are single-point solutions for businesses to grow, evolve, and mature. Our real-time data collection methods along with ability to track more than one million high growth niche products are aligned with your aims. The detailed and proprietary statistical models used by our analysts offer insights for making right decision in the shortest span of time. For organizations that require specific but comprehensive information we offer customized solutions through ad hoc reports. These requests are delivered with the perfect combination of right sense of fact-oriented problem solving methodologies and leveraging existing data repositories.
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