Lipid Disorder Treatment Market 2024: Key Trends, Innovations, and Growth

The Business Research Company recently released a comprehensive report on the Global Lipid Disorder Treatment Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.

According to The Business Research Company's, The lipid disorder treatment market size has grown rapidly in recent years. It will grow from $9.48 billion in 2023 to $10.69 billion in 2024 at a compound annual growth rate (CAGR) of 12.7%. The growth in the historic period can be attributed to increase in adoption of sedentary lifestyle, rise in working population, rise in awareness regarding the disease and treatment, increase in on-the-desk jobs, growth of familial combined hyperlipidemia incidence.

The lipid disorder treatment market size is expected to see rapid growth in the next few years. It will grow to $17.36 billion in 2028 at a compound annual growth rate (CAGR) of 12.9%. The growth in the forecast period can be attributed to growing cases of obesity and high cholesterol, increase in prevalence of cardiovascular diseases, growing occurrence of high cholesterol causing heart diseases, rise in the demand for safe and efficient treatments, excessive consumption of alcohol and smoking. Major trends in the forecast period include technological advancements in drug development, product innovation, increase in investments in business expansion, technological advancement in the treatment facilities, clinical advancements.

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Market Drivers and Trends:

The growing cases of obesity and high cholesterol are expected to propel the growth of the lipid disorder treatment market going forward. Obesity is a condition characterized by excessive body fat accumulation, while high cholesterol refers to elevated levels of cholesterol in the blood, which pose significant health risks. Obesity and high cholesterol are on the rise due to unhealthy diets, sedentary lifestyles, genetic predispositions, and environmental influences. Lipid disorder treatment plays a pivotal role in controlling obesity and high cholesterol by combining pharmacological interventions with lifestyle modifications, weight management strategies, patient education, and multidisciplinary care. For instance, in May 2022, according to the World Obesity Atlas 2022, published by the World Obesity Federation, a UK-based non-profit organization, one billion people globally, including 1 in 5 women and 1 in 7 men, will be living with obesity by 2030, and that number will increase to 4 billion people, or 51% of the global population, by 2035. Therefore, the growing cases of obesity and high cholesterol are driving the growth of the lipid disorder treatment market.

Major companies operating in the lipid disorder treatment market are developing proprotein convertase subtilisin type 9 (PCSK9) inhibitors to address the need for more effective and targeted therapies in managing high cholesterol levels. PCSK9 inhibitors manage lipid disorders by enhancing the removal of LDL cholesterol from the bloodstream, thereby reducing the risk of cardiovascular events in high-risk patients. For instance, in March 2024, Regeneron Pharmaceuticals Inc., a US-based biotechnology company, received approval for Praluent (alirocumab) injection from the U.S. Food and Drug Administration (FDA) to address heterozygous familial hypercholesterolemia (HeFH) in children aged 8 and above. The unique feature of Praluent injection lies in its ability to block the binding of PCSK9 to the LDL receptor, enhancing the quantity of LDL receptors on liver cell surfaces, consequently facilitating the clearance of LDL and reducing LDL-C levels in the bloodstream.

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Major Key Players of the Market:

Pfizer Inc., F. Hoffmann-La Roche AG, Merck & Co. Inc., Sanofi S.A., AstraZeneca Plc, Fresenius SE & Co. KGaA, Abbott Laboratories Inc., Novartis AG, GlaxoSmithKline Plc, Wockhardt Ltd., Eli Lilly and Company, Amgen Inc., Boehringer-Ingelheim International GmbH, Viatris Inc., Teva Pharmaceutical Industries Ltd., Regeneron Pharmaceuticals Inc., Mylan N.V., Kaneka Corporation, Sun Pharmaceutical Industries Ltd., Glenmark Pharmaceuticals Limited, Emcure Pharmaceuticals Limited, Kowa Pharmaceuticals America Inc., Concord Biotech Limited, Biocon Ltd., Ranbaxy Laboratories Limited

Lipid Disorder Treatment Market 2024 Key Insights:

• The lipid disorder treatment market size is expected to see rapid growth in the next few years. It will grow to $17.36 billion in 2028 at a compound annual growth rate (CAGR) of 12.9%.
• Impact Of Obesity And High Cholesterol On The Lipid Disorder Treatment Market
• Innovative Products And Developments In The Management Of Lipid Disorders
• North America was the largest region in the lipid disorder treatment market in 2023

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