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Lipid Regulators Market Report 2024 - Lipid Regulators Market Trends And Growth
Lipid Regulators Market
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According to The Business Research Company's, The lipid regulators market size has grown strongly in recent years. It will grow from $6.83 billion in 2023 to $7.29 billion in 2024 at a compound annual growth rate (CAGR) of 6.8%. The growth in the historic period can be attributed to the increased prevalence of lifestyle diseases, growth in aging population, increased awareness of lipid regulators, increased healthcare expenditure, increased focus on healthcare prevention.
The lipid regulators market size is expected to see strong growth in the next few years. It will grow to $9.55 billion in 2028 at a compound annual growth rate (CAGR) of 7%. The growth in the forecast period can be attributed to the increasing prevalence of cardiovascular diseases, rising incidence of atherosclerosis with aging, increasing obesity rates, the rising prevalence of metabolic syndrome, growing focus on personalized medicine. Major trends in the forecast period include advancements in drug development, integration of digital health solutions, adoption of value-based pricing models, increase demand for over-the-counter, enhancing patient-cantered medication.
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Market Drivers and Trends:
The increasing prevalence of chronic diseases is expected to propel the growth of the healthcare finance solutions market going forward. Chronic disease is a long-lasting condition that typically requires ongoing medical attention and can limit daily activities or quality of life. The increasing prevalence of chronic diseases is due to exposure to air pollution, chemicals, toxins, lifestyle changes, and genetic factors. Healthcare finance solutions ensure financial stability, optimize revenue cycles and meet the evolving financial needs of healthcare organizations dealing with chronic conditions. For instance, in January 2024, according to the Australian Institute of Health and Welfare (AIHW), an Australia-based government agency for public health, approximately 20,000 fatalities in Australia were linked to chronic kidney disease, accounting for 12% of the total mortality rate in 2021. Therefore, the increasing prevalence of chronic diseases drives the healthcare finance solutions market.
Major companies operating in the lipid regulator market are developing advanced oral lipid-lowering drugs to help manage high low-density lipoprotein (LDL) cholesterol in patients with heart diseases. Oral lipid-lowering medications are intended for those who have an inherited genetic abnormality that causes high cholesterol or who have developed heart disease. For instance, in May 2022, Sun Pharmaceutical Industries Limited, an India-based specialty generic pharmaceutical company, launched Bempedoic Acid Brillo in India, an oral drug. Brillo provides an innovative therapy option for high LDL cholesterol in individuals with cardiac conditions. Bempedoic acid has a dual mode of action. It inhibits ATP citrate lyase, an enzyme involved in cholesterol manufacture, and activates AMP-activated protein kinase (AMPK), which regulates cholesterol synthesis in the liver. Bempedoic acid is delivered orally once daily, making it more convenient for patients than certain other cholesterol-lowering medicines.
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Major Key Players of the Market:
Pfizer Inc., AbbVie Inc., Bayer AG, Sanofi SA, AstraZeneca plc, Bristol-Myers Squibb Company, Abbott Laboratories, Novartis AG, Amgen Inc., Merck KGaA, Teva Pharmaceutical Industries Ltd., Regeneron Pharmaceuticals Inc., Astellas Pharma Inc., Daiichi Sankyo Company Limited, Hetero Drugs Limited, Dr. Reddy's Laboratories Ltd., Biocon Ltd., Alnylam Pharmaceuticals Inc., Amarin Corporation plc, Arrowhead Pharmaceuticals Inc., Kowa Pharmaceuticals America Inc. , Esperion Therapeutics Inc., Bentley Pharmaceuticals Inc., Sun Pharmaceutical Industries Limited, Andrx Corporation
Lipid Regulators Market 2024 Key Insights:
• The lipid regulators market size is expected to see strong growth in the next few years. It will grow to $9.55 billion in 2028 at a compound annual growth rate (CAGR) of 7%.
• Ischemic Heart Disease's Impact On The Lipid Regulator Market
• Advancements In Oral Lipid-Lowering Drugs For Managing High Cholesterol In Cardiac Patients
• North America was the largest region in the lipid regulators market in 2024
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The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
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