Overview and Scope
Lipid disorder treatment refers to a comprehensive approach that includes lifestyle modifications, medications, and regular monitoring to manage conditions like high cholesterol and triglycerides. It aims to reduce the risk of atherosclerosis and its complications, such as heart disease and stroke.
Sizing and Forecast
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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Segmentation & Regional Insights
The lipid disorder treatment market covered in this report is segmented –
1) By Drug Type: Atorvastatin, Fluvastatin, Rosuvastatin, Simvastatin, Pravastatin, Other Drugs
2) By Indication: Familial Combined Hyperlipidemia, Familial Defective Apolipoprotein B-100, Familial Dysbetalipoproteinemia, Familial Hypertriglyceridemia, Heterozygous Familial Hypercholesterolemia, Other Indications
3) By Distribution Channel: Hospital Pharmacies, Retail Pharmacies, Online Pharmacies, Other Distribution Channels
North America was the largest region in the lipid disorder treatment market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the lipid disorder treatment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
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.
Key Industry Players
Major companies operating in the lipid disorder treatment market are 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
The lipid disorder treatment market report table of contents includes:
1. Executive Summary
2. Lipid Disorder Treatment Market Characteristics
3. Lipid Disorder Treatment Market Trends And Strategies
4. Lipid Disorder Treatment Market – Macro Economic Scenario
5. Global Lipid Disorder Treatment Market Size and Growth
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32. Global Lipid Disorder Treatment Market Competitive Benchmarking
33. Global Lipid Disorder Treatment Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Lipid Disorder Treatment Market
35. Lipid Disorder Treatment Market Future Outlook and Potential Analysis
36. Appendix
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