Press release
Hypercholesterolemia Treatment Market Size US$ 49.7 Billion By 2030
Global Hypercholesterolemia Treatment Market reached US$ 15.1 billion in 2022 and is expected to reach US$ 49.7 billion by 2030, growing with a CAGR of 16.6% during the forecast period 2024-2031.The Hypercholesterolemia Treatment Market report, released by DataM Intelligence, offers comprehensive insights and thorough analysis of major market trends, growth prospects, and emerging challenges. With a strong focus on actionable intelligence, DataM Intelligence equips businesses with the knowledge needed to make strategic decisions and maintain a competitive advantage. Utilizing a blend of qualitative and quantitative research methodologies, the firm delivers in-depth reports that support clients in understanding complex market dynamics, fostering strategic development, and capturing new opportunities in today's rapidly changing global environment.
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Evolving Market Forces and Opportunities:
Hypercholesterolemia treatment focuses on managing high levels of cholesterol in the blood to reduce the risk of cardiovascular disease. It typically involves lifestyle changes, statin medications, and newer therapies like PCSK9 inhibitors.
Key Industry Players Driving the Hypercholesterolemia Treatment Market:
Amgen Inc., Amryt Pharma plc, AstraZeneca Plc., Regeneron Pharmaceuticals, Inc., Novartis Pharmaceuticals Corporation, Teva Pharmaceutical Industries Ltd., Cipher Pharmaceuticals Inc., Pfizer Inc., Merck & Co., Inc., and Sun Pharmaceutical Industries Limited among others.
Industry Development:
June 16, 2023 - Cholesgen Co. Ltd., a biotech and biomedical research firm, entered into a three-year collaboration with AstraZeneca to accelerate R&D in hypercholesterolemia and related metabolic disorders. The partnership will focus on validating genetic drug targets and advancing therapeutic molecules into clinical trials. Utilizing Cholesgen's early-stage pipeline, AstraZeneca will nominate promising drug candidates for further development. Cholesgen will receive an upfront payment along with a predefined licensing package for each qualified candidate.
June 1, 2023 - Esperion submitted Supplemental New Drug Applications (sNDAs) to the U.S. FDA for its oral non-statin therapies, NEXLETOL and NEXLIZET. The applications propose expanding their use for cardiovascular risk reduction and eliminating the current statin-use limitation within their LDL-C indication. Both therapies are currently approved as adjuncts to diet and maximally tolerated statin therapy for adults with heterozygous familial hypercholesterolemia or established atherosclerotic cardiovascular disease needing further LDL-C reduction.
January 5, 2023 - Amryt, a commercial-stage biopharma company specializing in rare diseases, announced encouraging results from its APH-19 Phase 3 trial. The study evaluated lomitapide in children aged 5-17 years with Homozygous Familial Hypercholesterolemia (HoFH), a rare and severe genetic condition. The trial showed promising outcomes, supporting lomitapide's potential as a pediatric HoFH treatment.
Research Methodology:
Both primary and secondary data sources have been used in the global Hypercholesterolemia Treatment Market research report. During the research process, a wide range of industry-affecting factors are examined, including governmental regulations, market conditions, competitive levels, historical data, market situation, technological advancements, upcoming developments, in related businesses, as well as market volatility, prospects, potential barriers, and challenges.
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Segment Covered in the Hypercholesterolemia Treatment Market:
By Disease Type: Genetic Hypercholesterolemia (Familial Hypercholesterolemia), Heterozygous Familial Hypercholesterolemia, Homozygous Familial Hypercholesterolemia, Acquired Hypercholesterolemia
By Treatment Type: Statins, PCSK9 Inhibitors, Ezetimibe, Bile Acid Sequestrants, Niacin, Bempedoic Acid, Others
By Distribution Channel: Hospital Pharmacies, Retail Pharmacies, Online Pharmacies
Regional Overview for Hypercholesterolemia Treatment Market:
⇥ North America (U.S., Canada, Mexico)
⇥ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)
⇥ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)
⇥ South America (Colombia, Brazil, Argentina, Rest of South America)
⇥ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)
Benefits of the Report:
➡ A descriptive analysis of demand-supply gap, market size estimation, SWOT analysis, PESTEL Analysis and forecast in the global market.
➡ Top-down and bottom-up approach for regional analysis
➡ Porter's five forces model gives an in-depth analysis of buyers and suppliers, threats of new entrants & substitutes and competition amongst the key market players.
➡ By understanding the value chain analysis, the stakeholders can get a clear and detailed picture of this Market
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People Also Ask:
➠ What is the global sales, production, consumption, import, and export value of the Hypercholesterolemia Treatment market?
➠ Who are the leading manufacturers in the global Hypercholesterolemia Treatment industry? What is their operational status in terms of capacity, production, sales, pricing, costs, gross margin, and revenue?
➠ What opportunities and challenges do vendors in the global Hypercholesterolemia Treatment industry face?
➠ Which applications, end-users, or product types are expected to see growth? What is the market share for each type and application?
➠ What are the key factors and limitations affecting the growth of the Hypercholesterolemia Treatment market?
➠ What are the various sales, marketing, and distribution channels in the global industry?
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