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Published Date: 2015-08-05Number of Pages: 101

Dyslipidemia Drugs Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023

The global dyslipidemia market is anticipated to witness a decline of -10.3%. CAGR between 2015 and 2023. The negative growth rate is a result of the expiration of blockbuster drugs that have allowed the introduction of several generic drugs, available at cheaper prices than branded drugs. Owing to this reason, the global market is expected to reach a valuation of US$6.88 bn by 2023 as compared to US$17.85 bn in 2014. However, the market also has several opportunities to gain from and reach a positive growth rate in the near future. For instance, the high prevalence of obesity due to poor dietary habits, lack of exercise, and changing lifestyles are expected to present a wide range growth opportunities for the overall market in the near future. 

Diabetes and Obesity Give a New Lease of Life to Dyslipidemia Drugs Market

The rising cases of diabetes, especially the growing number of type 2 diabetics, have presented the global dyslipidemia market with a lucrative opportunity. Research indicates that diabetics are likely to suffer from lipid abnormalities that will lead to a higher uptake of dyslipidemia drugs in the near future. In a bid to solve the health issues of an exponentially growing patient pool, several companies are investing in intensive research and development in strengthening their pipelines and discovering newer treatment options. Furthermore, commercialization of new classes of drugs will also provide this market a push in the upward direction. 

Europe Experiences Minimal Loss in Revenues due to Higher Spending Power of Patients

The Europe dyslipidemia drugs market is expected to witness a relatively low decline (at a CAGR of -9.9%) over the forecast period of 2015 and 2023. The losses in this regional market will be mitigated by the high incidence of dyslipidemia here. Furthermore, the ability of patients to afford dyslipidemia drugs and supportive reimbursement policies are also expected to keep losses in this market in check to some degree.   

Favorable government policies are also expected to help the Europe dyslipidemia market in the near future. Rising healthcare expenditure by dyslipidemia patients in countries such as Germany, France, and the U.K. are also anticipated to create a lucrative growth for sustained growth of the market in the coming years. By the end of forecast period, the Europe dyslipidemia drugs market will reach US$1,802.8 mn by 2023.

Fibric Acid and Omega-3 Fatty Acid Derivatives Segment Leads Overall Market

Amongst the various type of drug classes, the fibric acid and omega-3 fatty acid derivatives segment will witness the least decline at a -1.6% CAGR between 2015 and 2023. A growing number of prescriptions for drugs such as Epanova, Vascespa, and Lovaza will be the primary reason why this segment will be able to mitigate its loss. The government approvals for fibric acid and omega-3 fatty acid derivatives class of drugs have also bolstered the demand for dyslipidemia drugs in recent years. The report suggests that Fenofibrate drugs are the popularly prescribed fibric acid and omega-3 fatty acid derived drugs to patients with dyslipidemia. 

However, the future of this segment is on unsteady ground as these major drugs are expected to lose their patents. For instance, fenofibrate-containing drugs such as Trilipix, Antara, Tricor, and others will gradually lose importance to generic drugs. 

Some of the leading players identified in this market are AstraZeneca plc., Merck & Co., Inc., Pfizer, Inc., Daiichi Sankyo Company, Limited, and Abbott Laboratories. The companies will continue to hold a strong presence due to their brand value and extensive goodwill in the market. Analysts state that new entrants must establish their foothold in the emerging market to profit from the large patient pool in developing countries of China and India and lower manufacturing costs. 

 
Chapter 1 Introduction
1.1 Report Description
1.2 Market Segmentation
1.3 Research Methodology
      1.3.1 Sources
               1.3.1.1 Secondary Research
               1.3.1.2 Primary Research
               1.3.1.3 Assumption
1.4 List of Abbreviations
 
Chapter 2 Executive Summary
2.1 Market Snapshot: Dyslipidemia Drugs Market (2014 & 2023)
2.2 Dyslipidemia Drugs Market, by Drug Class, 2014 (USD Million)
      2.2.1 Comparative Analysis: Dyslipidemia Drugs Market, by Geography, 2014 and 2023 (Value %)
 
Chapter 3 Market Overview
3.1 Overview
3.2 Epidemiology: Dyslipidemia
3.3 Etiology of Dyslipidemia
      3.3.1 Primary Causes (genetic causes of dyslipidemia)
      3.3.2 Secondary Causes (lifestyle factors)
3.4 Dyslipidemia Diagnostics
      3.4.1 Serum Lipid Profile Measurement (total cholesterol, HDL, LDL, VLDL, etc.)
      3.4.2 Other Tests (lipoprotein-A tests, apo lipoprotein B tests, etc.)
      3.4.3 Secondary Causes Screening and Diagnostics
3.5 Trends and Future Aspects in Dyslipidemia Therapeutics (e.g. PCSK9, CETP inhibitors, etc.)
3.6 Market Dynamics
      3.6.1 Market Drivers
               3.6.1.1 Global increasing prevalence of population with cholesterol and triglyceride abnormalities expected to propel the market
               3.6.1.2 Rise in obese and diabetic populations is expected to increase the incidence of dyslipidemia, and thus demand for dyslipidemia drugs
               3.6.1.3 Extensive research and development changes bring turnaround changes in the dyslipidemia drugs market
               3.6.1.4 Rising disease awareness through promotional activities
      3.6.2 Market Restraints
               3.6.2.1 Impending patent expirations to deplete profit margins
               3.6.2.2 Discontinuation of novel dyslipidemia drugs
      3.6.3 Opportunities
               3.6.3.1 Expanding footprint in emerging nations to generate high sales growth
               3.6.3.2 Biological therapies for the treatment of dyslipidemia
               3.6.3.3 Development of molecules from newer class of dyslipidemia drugs provide a ladder for growth
               3.6.3.4 Strategic collaborations for new drug development
3.7 Market Attractiveness Analysis: Dyslipidemia Drugs Market, by Geography
3.8 Market Share by Key Players of Global Dyslipidemia Drugs Market, 2014 (Value %)
      3.8.1 Global Dyslipidemia Drugs Market Share Analysis, by Key Players, 2014 (%)
 
Chapter 4 Dyslipidemia Drugs Market, by Drug Class
4.1 Introduction
      4.1.1 Dyslipidemia Drugs Market Revenue, by Drug Class, 2013 – 2023 (USD Million)
4.2 Statins
      4.2.1 Statins Market Revenue, 2013 – 2023 (USD Million)
4.3 Bile Acid Resins (Cholestyramine, Colestipol, Colesevelam, etc.)
      4.3.1 Bile Acid Resins Market Revenue, 2013 – 2023 (USD Million)
4.4 Fibric Acid and Omega-3 Fatty Acid Derivatives (Fenofibrate, Gemfibrozil, Vascespa, etc.)
     4.4.1 Fibric Acid and Omega-3 Fatty Acid Derivatives Market Revenue, 2013 – 2023 (USD Million)
4.5 Niacins (Niacor, Niaspan, Slo-Niacin, etc.)
      4.5.1 Niacins Market Revenue, 2013 – 2023 (USD Million)
4.6 Others (Combination drugs such as lovastatin and niacin, atorvastatin and amlodipine, simvastatin and ezetimibe, cholesterol absorption inhibitors, etc.)
      4.6.1 Others Market Revenue, 2013 – 2023 (USD Million)
4.7 Pipeline Drugs
     4.7.1 Dyslipidemia Drugs Market Revenue with Pipeline Drugs, by Drug Class, 2013 – 2023 (USD Million)
      4.7.2 Anacetrapib (MK-0859)
              4.7.2.1 Anacetrapib Market Revenue, 2018 – 2023 (USD Million)
      4.7.3 Evacetrapib (LY2484595)
              4.7.3.1 Evacetrapib Market Revenue, 2017 – 2023 (USD Million)
      4.7.4 Praluent (Alirocumab)
              4.7.4.1 Praluent Market Revenue, 2015 – 2023 (USD Million)
      4.7.5 Evolocumab (Repatha)
              4.7.5.1 Evolocumab Market Revenue, 2015 – 2023 (USD Million)
      4.7.6 Bococizumab (RN316)
              4.7.6.1 Bococizumab Market Revenue, 2019 – 2023 (USD Million)
 
Chapter 5 Dyslipidemia Drugs Market, by Geography
5.1 Overview
      5.1.1 Dyslipidemia Drugs Market Revenue, by Geography, 2013 – 2023 (USD Million)
5.2 North America
      5.2.1 North America Dyslipidemia Drugs Market Revenue, by Country, 2013 – 2023 (USD Million)
5.3 Europe
      5.3.1 Europe Dyslipidemia Drugs Market Revenue, by Country, 2013 – 2023 (USD Million)
5.4 Asia Pacific
      5.4.1 Asia Pacific Dyslipidemia Drugs Market Revenue, by Country, 2013 – 2023 (USD Million)
5.5 Latin America
      5.5.1 Latin America Dyslipidemia Drugs Market Revenue, by Country, 2013 – 2023 (USD Million)
5.6 Middle East and Africa
      5.6.1 Middle East and Africa Dyslipidemia Drugs Market Revenue, by Country, 2013 – 2023 (USD Million)
 
Chapter 6 Recommendations
6.1 Developing combination drugs for the treatment of dyslipidemia
6.2 Major research-based drug developing companies must collaborate with hospitals or acquire pharma establishments to develop more effective dyslipidemia treatments
6.3 Global players should target low to medium income countries to generate higher revenues
 
Chapter 7 Company Profiles
7.1 Abbott Laboratories
      7.1.1 Company Overview
      7.1.2 Financial Overview
      7.1.3 Product Portfolio
      7.1.4 Business Strategies
      7.1.5 Recent Developments
7.2 AstraZeneca plc
      7.2.1 Company Overview
      7.2.2 Financial Overview
      7.2.3 Product Portfolio
      7.2.4 Business Strategies
      7.2.5 Recent Developments
7.3 Amgen, Inc.
      7.3.1 Company Overview
      7.3.2 Financial Overview
      7.3.3 Product Portfolio
      7.3.4 Business Strategies
      7.3.5 Recent Developments
7.4 Bayer AG
      7.4.1 Company Overview
      7.4.2 Financial Overview
      7.4.3 Product Portfolio
      7.4.4 Business Strategies
      7.4.5 Recent Developments
7.5 Bristol-Myers Squibb Company
      7.5.1 Company Overview
      7.5.2 Financial Overview
      7.5.3 Product Portfolio
      7.5.4 Business Strategies
      7.5.5 Recent Developments
7.6 Mylan N.V.
      7.6.1 Company Overview
      7.6.2 Financial Overview
      7.6.3 Product Portfolio
      7.6.4 Business Strategies
      7.6.5 Recent Developments
7.7 Novartis AG
      7.7.1 Company Overview
      7.7.2 Financial Overview
      7.7.3 Product Portfolio
      7.7.4 Business Strategies
      7.7.5 Recent Developments
7.8 Merck & Co., Inc.
      7.8.1 Company Overview
      7.8.2 Financial Overview
      7.8.3 Product Portfolio
      7.8.4 Business Strategies
      7.8.5 Recent Developments
7.9 Pfizer, Inc.
      7.9.1 Company Overview
      7.9.2 Financial Overview
      7.9.3 Product Portfolio
      7.9.4 Business Strategies
      7.9.5 Recent Developments
7.10 Shionogi & Co., Ltd.
      7.10.1 Company Overview
      7.10.2 Financial Overview
      7.10.3 Product Portfolio
      7.10.4 Business Strategies
      7.10.5 Recent Developments
7.11 Takeda Pharmaceutical Company Limited
      7.11.1 Company Overview
      7.11.2 Financial Overview
      7.11.3 Product Portfolio
      7.11.4 Business Strategies
      7.11.5 Recent Developments
7.12 Teva Pharmaceutical Industries Ltd.
      7.12.1 Company Overview
      7.12.2 Financial Overview
      7.12.3 Product Portfolio
      7.12.4 Business Strategies
      7.12.5 Recent Developments

List of Figures
 
FIG. 1 Dyslipidemia Drugs Market: Market Segmentation
FIG. 2 Dyslipidemia Drugs Market, by Drug Class, 2014 (USD Million)
FIG. 3 Comparative Analysis: Dyslipidemia Drugs Market, by Geography, 2014 and 2023 (Value %)
FIG. 4 Market Attractiveness Analysis: Dyslipidemia Drugs Market, by Geography
FIG. 5 Global Dyslipidemia Drugs Market: Market Share, by Key Players, 2014 (%)
FIG. 6 Statins Market Revenue, 2013 – 2023 (USD Million)
FIG. 7 Bile Acid Resins Market Revenue, 2013 – 2023 (USD Million)
FIG. 8 Fibric Acid and Omega-3 Fatty Acid Derivatives Market Revenue, 2013 – 2023 (USD Million)
FIG. 9 Niacins Market Revenue, 2013 – 2023 (USD Million)
FIG. 10 Others Market Revenue, 2013 – 2023 (USD Million)
FIG. 11 Anacetrapib Market Revenue, 2018 – 2023 (USD Million)
FIG. 12 Evacetrapib Market Revenue, 2017 – 2023 (USD Million)
FIG. 13 Praluent Market Revenue, 2015 – 2023 (USD Million)
FIG. 14 Evolocumab Market Revenue, 2015 – 2023 (USD Million)
FIG. 15 Bococizumab Market Revenue, 2019 – 2023 (USD Million)
FIG. 16 Abbott Laboratories: Annual Revenue, 2012 – 2014 (USD Million)
FIG. 17 AstraZeneca plc: Annual Revenue, 2012 – 2014 (USD Million)
FIG. 18 Amgen, Inc.: Annual Revenue, 2012 – 2014 (USD Million)
FIG. 19 Bayer AG: Annual Revenue, 2012 – 2014 (USD Million)
FIG. 20 Bristol-Myers Squibb Company: Annual Revenue, 2012 – 2014 (USD Million)
FIG. 21 Mylan N.V.: Annual Revenue, 2012 – 2014 (USD Million)
FIG. 22 Novartis AG: Annual Revenues, 2012 – 2014 (USD Million)
FIG. 23 Merck & Co., Inc.: Annual Revenue, 2012 – 2014 (USD Million)
FIG. 24 Pfizer, Inc.: Annual Revenue, 2012 – 2014 (USD Million)
FIG. 25 Shionogi & Co., Ltd.: Annual Revenue, 2012 – 2014 (USD Million)
FIG. 26 Takeda Pharmaceutical Company Limited: Annual Revenue, 2012 – 2014 (USD Million)
FIG. 27 Teva Pharmaceutical Industries Ltd.: Annual Revenue, 2012 – 2014 (USD Million)

List of Tables
 
TABLE 1 List of Abbreviations
TABLE 2 Market Snapshot: Dyslipidemia Drugs Market (2014 & 2023)
TABLE 3 Number of People with Diabetes (20 Years – 79 years), by Country/Territory, 2013 (Millions)
TABLE 4 Impact Analysis of Market Drivers
TABLE 5 Impact Analysis of Market Restraints
TABLE 6 Dyslipidemia Drugs Market Revenue, by Drug Class, 2013 – 2023 (USD Million)
TABLE 7 Dyslipidemia Drugs Market Revenue with Pipeline Drugs, by Drug Class, 2013 – 2023 (USD Million)
TABLE 8 Dyslipidemia Drugs Market Revenue, by Geography, 2013 – 2023 (USD Million)
TABLE 9 North America Dyslipidemia Drugs Market Revenue, by Country, 2013 – 2023 (USD Million)
TABLE 10 Europe Dyslipidemia Drugs Market Revenue, by Country, 2013 – 2023 (USD Million)
TABLE 11 Asia Pacific Dyslipidemia Drugs Market Revenue, by Country, 2013 – 2023 (USD Million)
TABLE 12 Latin America Dyslipidemia Drugs Market Revenue, by Country, 2013 – 2023 (USD Million)
TABLE 13 Middle East and Africa Dyslipidemia Drugs Market Revenue, by Country, 2013 – 2023 (USD Million)

 
Dyslipidemia is a chronic metabolic syndrome, characterized by improper level of low density lipoprotein, high density lipoprotein, and triglycerides. This study on the dyslipidemia drugs market involves the analysis of a wide range of therapeutics that help patients to treat lipid disorders. The dyslipidemia drugs market promises lucrative growth opportunities for pharmaceutical manufacturers due to increasing demand and prescriptions of these medications. According to the Centers for Disease Control and Prevention, cholesterol abnormalities are rapidly increasing in developed regions such as North America and Europe. Moreover, several articles published in open journals stated that demand for lipid lowering drugs is increasing in countries such as China, India, and Japan. However, loss of patent exclusivity of molecules such as Crestor, Zetia, and Vytorin is expected to hamper the growth of the market during the forecast period.
 
This report comprises a detailed study of various drug classes for the treatment of dyslipidemia. The dyslipidemia drugs market has been segmented into statins, bile acid resins, fibric acid derivatives, niacins, and others (combination drugs and cholesterol absorption inhibitors). The statins segment comprises combined market revenue of statin drugs such as atorvastatin, fluvastatin, rosuvastatin, pravastatin, simvastatin, pitavastatin, and lovastatin. The bile acid resins segment included resins such as Cholestyramine, Colestipol, Colesevelam, and Cholybar. The fibric acid, and omega-3 fatty acid derivatives segment comprises generic drugs such as Fenofibrate, Clofibrate, and Bezafibrate. Other branded omega-3 fatty acids include Lovaza, Vascespa, and Omtryg. Niacins includes drugs such as Niaspan, Slo-Niacin, and Niacor. The others segment encompasses market analysis of combination drug therapies such as Advicor, Vytorin, and Caduet, as well as cholesterol inhibitor drugs. The market size and forecast for each drug class has been provided for the period from 2013 to 2023. The report also provides the compound annual growth rate (% CAGR) for the forecast period from 2015 to 2023 for each drug class, considering 2013 to 2014 as the historical and base year, respectively.
 
By geography, the dyslipidemia drugs market has been studied for five major regions: North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. Each region has been further divided into major countries i.e., North America: the U.S. and Canada; Europe: Germany, France, the U.K. and Rest of Europe; Asia Pacific: China, Japan, India and Rest of APAC; Latin America: Brazil and Rest of LATAM; Middle East and Africa: South Africa and Rest of MEA. The market size and forecast for each region and country has been estimated for the period 2013 to 2023 in terms of revenue (USD million). The report also provides the compound annual growth rate (CAGR %) during the forecast period from 2015 to 2023 for all the regions and countries mentioned above.
 
The market overview section of the report discusses the market dynamics with respect to the market drivers, restraints, and opportunities. This section also covers information on epidemiology, etiology, dyslipidemia diagnostics, trends and future aspects, and market attractiveness analysis, by geography of the dyslipidemia drugs market. A list of recommendations for existing and new players to enter the market and enhance their position is also provided in the report. The report concludes with company profiles of key players operating in various drug classes of the market. Each company profile includes business overview, financial overview, product portfolio, business strategies, and recent developments of the respective market player. Prominent players in the dyslipidemia drugs market that have been profiled in the report include Abbott Laboratories, Amgen, Inc., Pfizer, Inc., Novartis AG, Mylan N.V., Merck & Co., Inc., and AstraZeneca plc
 
The global dyslipidemia drugs market is segmented as follows:
  • Global Dyslipidemia Drugs Market, by Drug Class
    • Statins
    • Bile Acid Resins
    • Fibric Acid and Omega-3 Fatty Acid Derivatives
    • Niacins
    • Others (Combination Drugs and Cholesterol Absorption Inhibitors)
  • Global Dyslipidemia Drugs Market, by Geography
    • North America
    • Europe
    • Asia-Pacific
    • Latin America
    • Middle East and Africa (MEA)


 
 
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