Pharmaceuticals

Global Hypolipidemics Market Outlook, Opportunities And Strategies

December 13, 2021December 13, 2021 by The Business Research Company

Learn about the global hypolipidemics market through The Business Research Company, which provides information on hypolipidemics market size, hypolipidemics market drivers and restraints, hypolipidemics market players, the COVID-19 impact on the hypolipidemics market, and more.

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The global hypolipidemics market is expected to decline from $16.23 billion in 2020 to $15.94 billion in 2021 at a compound annual growth rate (CAGR) of -1.8%. The decline is mainly due to the companies’ production being impacted negatively by COVID-19, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The hypolipidemic drugs market is expected to reach $18.41 billion in 2025 at a CAGR of 3.7%.

Shifts in diet and change in lifestyles of people is expected to drive innovation in hypolipidemics manufacturing, thus driving the market during the forecast period.

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The hypolipidemic drugs market consists of sales of hypolipidemic drugs and related services. This industry includes establishments that produce hypolipidemic drugs or agents that lower lipid and lipoproteins levels in the blood. These drugs can be used to prevent cardiovascular diseases and atherosclerosis in Hyperlipidemia patients. Some of the major hypolipidemic drugs include fibric acid derivatives, bile acid binding resins, nicotinamides, and cholesterol absorption inhibitors.

Global hypolipidemics market segments include:

By Product Type: Cholic Acid Regulator, HMG-CoA Reductase Inhibitors, Adenylate Cyclase Inhibitors, Nicotinic Acid Drugs, Others

By Application: Hospital, Clinics, Pharmacy, Cardiovasology

By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.

Companies in this market are increasingly investing in using data generated from wearables in clinical trials to improve the speed, and efficiency of trials, and therefore reduce overall costs. By continuously capturing data from patients via wearable technologies, clinical trial sponsors may be able to reduce the burden of frequent site visits, which could improve patient dropout rates and overall clinical trial efficiencies. The use of wearables helps to tackle the challenge of patient recruitment, helps in monitoring patients, gives accurate and real time data and gives earlier decision-making opportunities, while the patient is undergoing a clinical trial.

TBRC’s hypolipidemics market report covers:

Major Market Players: ABBOTT LABORATORIES LIMITED, Apotex Fermentation Inc., Biocon Limited, Cadila Healthcare Limited and Chunghwa Chem Syn& Biotech Co., Ltd.

Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.

Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)

The Hypolipidemics Global Market Report 2021: COVID-19 Impact and Recovery to 2030 is one of a series of new reports from The Business Research Company that provides hypolipidemics market overviews, analyses and forecasts market size, share, hypolipidemics market players, hypolipidemics market segments and geographies, leading competitor revenues, profiles and market shares.

TBRC’s hypolipidemics market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

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