Press release
US$ 18.1 Billion Statin Market Research Report 2023-2028
Statin Market
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Statin Market Growth:
The increasing prevalence of hypercholesterolemia is driving the global market. Along with this, the wide utilization of statin for the treatment of cardiovascular diseases as it assists in reducing the risks of heart attacks and stroke among individuals is catalyzing the market. Moreover, the rising consumer preference for over-the-counter (OTC) drugs, which are generally more affordable than brand-name drugs is fuelling the demand. The market is further driven by the growing adoption of combination therapies that use statins along with other cholesterol-reducing compounds, such as ezetimibe. With continual advancements in genetic testing and personalized medicine, statins are increasingly being tailored to individual patients based on their genetic profiles and other risk factors, this, in turn, is creating a positive market outlook.
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Competitive Landscape With Key Players :
• Abbott Laboratories
• AstraZeneca
• Aurobindo Pharma
• Biocon
• GlaxoSmithKline
• Merck & Co.
• Novartis
• Pfizer
Key Market Segmentation:
Breakup by Type:
• Synthetic Statins
• Natural Statins
Breakup by Therapeutic Area:
• Cardiovascular Disorders
• Obesity
• Inflammatory Disorders
• Others
Breakup by Drug Class:
• Atorvastatin
• Fluvastatin
• Lovastatin
• Pravastatin
• Simvastatin
• Others
Breakup by Application:
• Dyslipidemia
• Others
Breakup by Distribution:
• Hospitals
• Clinics
• Others
Breakup by Region:
• North America
• Asia Pacific
• Europe
• Latin America
• Middle East and Africa
Key highlights of the report:
• Market Performance
• Market Outlook
• Porter's Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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Anticipated Growth in Revenue:
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Statin Market Overview:
The statin market encompasses pharmaceutical drugs primarily used to lower cholesterol levels in patients at risk of cardiovascular diseases. Statins work by inhibiting the enzyme HMG-CoA reductase, which plays a key role in cholesterol synthesis in the liver.…
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Market Overview:
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