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Statins Market worth $47.08 billion by 2030, growing at a CAGR of 5.85% - Exclusive Report by 360iResearch
Statins Market | 360iResearch
The Global Statins Market to grow from USD 31.61 billion in 2023 to USD 47.08 billion by 2030, at a CAGR of 5.85%.
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Statins are a class of lipid-lowering medications that deter the enzyme HMG-CoA reductase, which plays a vital role in the formation of cholesterol in the liver. Statins help prevent cardiovascular diseases, including heart attacks and strokes, by reducing the levels of low-density lipoprotein (LDL) cholesterol in the blood. The primary drivers for statins include the rising prevalence of cardiovascular disorders, increasing awareness of the risks associated with high cholesterol, and a growing aging population that is more susceptible to heart diseases. Additionally, the recommendation of statins in national guidelines for preventing cardiovascular events contributes to their increased demand. Statin market faces the challenges consisting of patent expirations of leading drugs, leading to competition from generic alternatives and price erosion. Concerns over side effects such as muscle pain and the increasing adoption of alternative treatment options also pose significant challenges to the growth of statin adoption. New opportunities in the statin market are emerging from ongoing research and development that aim to improve efficacy and reduce side effects. The development of combination drugs that pair statins with other cardiovascular agents offers potential for growth. Moreover, emerging economies with increasing healthcare spending represent a significant opportunity for the expansion of the statin.
Market Segmentation & Coverage:
This research report categorizes the Statins Market in order to forecast the revenues and analyze trends in each of following sub-markets:
Based on Type, market is studied across Natural Statins and Synthetic Statins. The Natural Statins is projected to witness significant market share during forecast period.
Based on Drug Class, market is studied across Atorvastatin, Fluvastatin, Lovastatin, Pitavastatin, Rosuvastatin, and Simvastatin. The Simvastatin is projected to witness significant market share during forecast period.
Based on Application, market is studied across Attacks, Cardiovascular Diseases, Diabetes, Heart Strokes, Inflammation, Lifestyle Diseases, and Obesity. The Heart Strokes is projected to witness significant market share during forecast period.
Based on End-User, market is studied across Clinics and Hospitals. The Hospitals is projected to witness significant market share during forecast period.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Europe, Middle East & Africa is projected to witness significant market share during forecast period.
FPNV Positioning Matrix:
The FPNV Positioning Matrix is essential for assessing the Statins Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).
Market Share Analysis:
The Market Share Analysis offers an insightful look at the current state of vendors in the Statins Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.
Key Company Profiles:
The report delves into recent significant developments in the Statins Market, highlighting leading vendors and their innovative profiles. These include Abbott Laboratories, AccuBioTech Co., Ltd., Amgen Inc., AstraZeneca PLC, Aurobindo Pharma Ltd., Becton, Dickinson and Company, Biocon Limited, bioMérieux S.A., Centrient Pharmaceuticals Netherlands B.V., Concord Biotech Limited, Danaher Corporation, DiaSorin S.p.A., F. Hoffman-La Roche AG, GlaxoSmithKline PLC, Grifols, S.A., Merck & Co., Inc., Nova Biomedical, Novartis AG, Pfizer Inc., Quidel Corporation, Siemens AG, Terumo Corporation, Thermo Fisher Scientific, Inc., and Trinity Biotech PLC.
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Key Topics Covered:
1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Statins Market, by Type
7. Statins Market, by Drug Class
8. Statins Market, by Application
9. Statins Market, by End-User
10. Americas Statins Market
11. Asia-Pacific Statins Market
12. Europe, Middle East & Africa Statins Market
13. Competitive Landscape
14. Competitive Portfolio
15. Appendix
The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
The report answers questions such as:
1. What is the market size and forecast of the Statins Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Statins Market?
3. What is the competitive strategic window for opportunities in the Statins Market?
4. What are the technology trends and regulatory frameworks in the Statins Market?
5. What is the market share of the leading vendors in the Statins Market?
6. What modes and strategic moves are considered suitable for entering the Statins Market?
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About 360iResearch
360iResearch is a market research and business consulting company headquartered in India, with clients and focus markets spanning the globe.
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Quick on our feet, we have our ear to the ground when it comes to market intelligence and volatility. Our market intelligence is diligent, real-time and tailored to your needs, and arms you with all the insight that empowers strategic decision-making.
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