Market Size of Global Hyperlipidemia Drugs Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 2.30 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Hyperlipidemia Drug Market Analysis
The hyperlipidemia drugs market is expected to register a CAGR of 2.3% during the forecast period.
The healthcare system witnessed enormous challenges as a result of the COVID-19 pandemic. All outpatient treatments were postponed or restricted during the COVID-19 pandemic to reduce the risk of viral transmission as most chronic therapies were regarded as non-urgent. However, the intake of hyperlipidemia drugs in COVID-19-affected patients reduced the severity of the infection. According to a report by UC San Diego Health published in July 2021, intake of statin medications had a 41% lower risk of in-hospital death from COVID-19. Also, the report indicated that the use of statins or an anti-hypertension medication was associated with a 32% lower risk of death among COVID-19 in patients with a history of cardiovascular disease or hypertension. Such factors helped in the market growth during the COVID-19 pandemic.
The hyperlipidemia drug market is growing at a good rate attributing to an increase in the target population and growth in awareness about risk of cardiovascular diseases (CVD) due to persistent hypercholesterolemia. The American Heart Association in its 2022 update on Heart Disease and Stroke Statistics showed that in 2020, around 19.05 million deaths were reported globally because of cardiovascular diseases.
Several product launches is also anticipated to drive the hyperlipidemia drugs market. For instance, In December 2021, the United States Food and Drug Administration approved Leqvio (inclisiran), the first and only small interfering RNA (siRNA) therapy to lower low-density lipoprotein cholesterol (also known as bad cholesterol or LDL-C) with two doses a year. Such approvals are likely to aid in the market growth.
However, the upcoming patent expiration of drugs and the regulatory frameworks are expected to slow down the market growth over the forecast period.
