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Atorvastatin Market Segments, Analysis, Trends, Opportunities, and Strategies 2024-2033
Atorvastatin Market Segments
As per the report, the atorvastatin market size has grown rapidly in recent years. It will grow from $10.76 billion in 2023 to $11.86 billion in 2024 at a compound annual growth rate (CAGR) of 10.2%. The atorvastatin market size is expected to see rapid growth in the next few years. It will grow to $17.73 billion in 2028 at a compound annual growth rate (CAGR) of 10.6%.
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Rising Cardiovascular Disease Rates Drive Expansion Of Atorvastatin Market
The growing prevalence of cardiovascular diseases is expected to propel the growth of the atorvastatin market going forward. Cardiovascular diseases (CVDs) encompass a range of disorders affecting the heart and blood vessels. The growing prevalence of cardiovascular diseases is attributed to a combination of lifestyle changes, demographic shifts, and environmental factors. Atorvastatin significantly lowers the risk of major cardiovascular events such as heart attacks and strokes by addressing these key factors. Its widespread use in patients with high cholesterol and other risk factors for CVDs has been instrumental in reducing the overall burden of cardiovascular diseases. For instance, in May 2023, according to the World Heart Federation, a US-based non-governmental organization, deaths from cardiovascular disease (CVD) increased to 20.5 million in 2021. Therefore, the growing prevalence of cardiovascular diseases is driving the growth of the atorvastatin market.
Revolutionizing Atorvastatin Advancements In Formulation For Enhanced Cardiovascular Care
Major companies operating in the atorvastatin market are focused on developing innovative products, such as ready-made liquid oral suspension, to improve the treatment of high cholesterol and certain risk factors for heart disease or stroke. A ready-made liquid oral suspension is a convenient and effective pharmaceutical formulation that allows for easy administration of medications, particularly for patients who find it difficult to take solid dosage forms. For instance, in June 2023, CMP Pharma, Inc., a US-based pharmaceutical company, launched Atorvaliq (atorvastatin calcium) Oral Suspension, 20 mg/5 mL, approved by the Food and Drug Administration, a US-based government agency. Atorvaliq is designed for a specific subset of patients who require atorvastatin but experience dysphagia or difficulty swallowing tablets. Its availability offers healthcare providers and suitable patients a convenient, safe, and FDA-approved liquid formulation option.
The atorvastatin market covered in this report is segmented -
1) By Type: Chemical Synthesis, Biocatalysis
2) By Therapeutic Treatment: Cardiovascular Disorders, Obesity, Inflammatory Disorders, Other Therapeutic Treatments
3) By Application: Hospital Pharmacy, Retail Pharmacy, Online Pharmacy
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Major companies operating in the atorvastatin market are Zydus Lifesciences, Pfizer Inc., Viatris Inc., Teva Pharmaceutical Industries Ltd., Hetero Ltd., Sun Pharmaceutical Industries Ltd., Dr. Reddy's Laboratories Ltd., Cadila Pharmaceuticals Ltd., Apotex Pharmachem Inc., Glenmark Pharmaceuticals Ltd., Alembic Pharmaceuticals Ltd., Centrient Pharmaceuticals, Accord Healthcare Ltd., Wockhardt Ltd., Zhejiang Hisun Pharmaceutical Co. Ltd., Unichem Laboratories Ltd., Morepen, Ind-Swift Labs Ltd., Smilax Laboratories Limited, Saneca Pharmaceuticals AS, Combi-Blocks Inc., Shree HariKrishna Group, Srini Pharmaceuticals Pvt. Ltd., Suvan Lifesciences Ltd., Zenfold Sustainable Technologies
Contents of the report:
1. Executive Summary
2. Atorvastatin Market Report Structure
3. Atorvastatin Market Trends And Strategies
4. Atorvastatin Market - Macro Economic Scenario
5. Atorvastatin Market Size And Growth
…..
27. Atorvastatin Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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