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I AgreeAnalysis of Atherosclerosis Drugs Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
The global atherosclerosis drugs market is currently valued at US$ 49.9 billion and is projected to exhibit expansion at 2.3% CAGR over the next ten years to reach a value of US$ 62.8 billion by the end of 2033.
Urbanization has led to some major lifestyle changes across the world which have resulted in a high incidence of health complications such as high blood pressure, diabetes, cardiovascular diseases, and obesity. The aforementioned health issues primarily drive demand for atherosclerosis drugs and are anticipated to witness a slow hike in demand over the next ten years.
Increasing aging population, rising number of cases of cardiovascular disorders, growing incidence of obesity, poor dietary habits, adoption of sedentary lifestyles, and rising investments in healthcare R&D are other prospects that could potentially uplift sales of atherosclerosis drugs in the future.
Growing awareness regarding the risks of high cholesterol and the increasing availability of novel atherosclerosis disorder therapeutics are slated to open up new opportunities for atherosclerosis drug providers across the forecast period.
High alcohol and tobacco consumption are also expected to have a positive impact on demand for atherosclerosis drugs going forward. Government initiatives to promote awareness regarding the ill effects of obesity and the increasing availability of novel cholesterol medications and cardiomyopathy drugs are expected to create lucrative opportunities for atherosclerosis drug suppliers on a global level.
Asia Pacific is anticipated to emerge as a highly opportunistic market and is expected to lead global demand for atherosclerosis drugs by the end of the forecast period. India, China, and Japan are estimated to be the prime markets in this region where atherosclerosis drug sales are expected to be driven by the increasing geriatric population and rising investments in healthcare infrastructure development. The Asia Pacific regional market is estimated to account for around 25% of the global market share by the end of 2033.
On the flip side, the limited efficacy of certain atherosclerosis drugs and therapeutics and the absence of a definitive therapy to treat atherosclerosis disorders are projected to influentially restrict global market evolution in the long run. Additionally, the high costs associated with atherosclerosis disorder treatment and the lack of skilled professionals are also expected to foil atherosclerosis drug consumption across the forecast period till 2033.
Report Attributes |
Details |
Atherosclerosis Drugs Market Size (2023) |
US$ 49.9 Billion |
Projected Market Value (2033F) |
US$ 62.8 Billion |
Global Market Growth Rate (2023 to 2033) |
2.3% CAGR |
Market Share of Hospital Pharmacies (2033) |
~48% |
North America Market Share (2022) |
~42% |
Key Companies Profiled |
|
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“Innovation & Development of Novel Therapeutics: Prime Focus of New Companies”
New atherosclerosis drug companies are focusing on advancing their R&D to create novel therapeutics that help them compete with established players in the global marketplace. To achieve this, aspiring atherosclerosis drug suppliers are appointing experienced professionals in their establishments that can further advance their business scope.
This updated atherosclerosis drugs market research report by Fact.MR, a market research and competitive intelligence provider, proffers an all-inclusive assessment of how new developments by start-ups are transforming product standards and pricing trends on a global level.
“High Senescent Population Driving Market Evolution”
The world is witnessing a substantial increase in the aging population and this trend has been a prominent factor in Japan for quite a while now, which is expected to drive shipments of atherosclerosis drugs over the coming years. Older people are more at risk of contracting cardiovascular disorders and this is anticipated to bolster atherosclerosis drug sales in the country through 2033.
Increasing investments in the healthcare industry, the rising frequency of the launch of novel generic drugs, and growing awareness about atherosclerosis disorders are other aspects that could supplement market development going forward. Increasing medical research activity in the country will also be pivotal in determining market growth over the next ten years.
“Growing Availability of Novel Atherosclerosis Drugs Creating Remunerative Opportunities”
Focus on health has increased exponentially in European countries in recent years owing to the advent of several chronic diseases and heightened awareness among the general population about the same. Increasing investments in healthcare research and supportive government initiatives to promote the adoption of innovative atherosclerosis therapeutics are expected to primarily boost market development in countries such as Germany, France, Italy, and the United Kingdom throughout the forecast period.
Expanding senescent population, rising healthcare expenditure, growing awareness regarding atherosclerosis, and the growing availability of novel atherosclerosis drugs are other prospects that could potentially uplift market growth in European countries. The increasing ubiquity of cardiovascular disorders and increasing disposable income are also forecasted to stimulate atherosclerosis drug demand in the future.
“United States to Hold Substantial Revenue Share”
The United States is anticipated to account for high atherosclerosis drug shipments throughout the forecast period owing to the growing prevalence of cardiovascular disorders and high incidence of obesity. Poor eating habits, the adoption of sedentary lifestyles, the increasing geriatric population, and the growing availability of drugs to treat atherosclerosis are other prospects that are anticipated to bolster market development in the country throughout the forecast period.
Supportive initiatives to promote medical research and the launch of favorable reimbursement and insurance policies are other factors that could uplift atherosclerosis drug sales in the future in the United States. Growing awareness and increasing availability of novel therapeutics to treat atherosclerosis drugs are slated to open up new roads of opportunity for atherosclerosis drug manufacturers in the country going forward.
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“Cholesterol-lowering Medication Sales to Soar Over Decade”
Based on drug class, the atherosclerosis drugs market is segmented into anti-platelet medications, cholesterol-lowering medications, fibric acid & omega-3 fatty acid derivatives, beta-blockers, angiotensin-converting enzyme (ACE) inhibitors, calcium channel blockers, diuretics, and others.
High cholesterol levels in an individual lead to obesity and an increased risk of cardiovascular disorders, which leads to high demand for cholesterol-lowering medications to combat the aforementioned ailments. Adoption of sedentary lifestyles, limited physical activity, and growing intake of sugars and calorie-dense foods are factors that lead to high cholesterol levels among individuals across the world.
The development and launch of novel cholesterol-lowering drugs are also expected to bolster growth in this segment throughout the forecast period. Fibrates and statins are some popular cholesterol-lowering medications that are currently widely used for the treatment of atherosclerosis disorders.
Prime atherosclerosis drug suppliers are focusing on launching generic drugs to maximize their sales potential and meet increasing demand in the Asia Pacific region.
Leading atherosclerosis drug manufacturers are focusing on obtaining approvals from regulatory authorities for their products to fast-track their launches.
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The global atherosclerosis drugs market accounts for a US$ 49.9 billion valuation in 2023.
Shipments of atherosclerosis drugs are forecasted to reach a value of US$ 62.8 billion by 2033-end.
From 2023 to 2033, the demand for atherosclerosis drugs is set to rise at 2.3% CAGR.
Demand for atherosclerosis drugs is anticipated to be significant in North America through 2033.
Key companies in this market are Sanofi, Hoffmann La-Roche Ltd., Bayer AG, Pfizer Inc., Novartis AG, and GlaxoSmithKline Plc.