Global Hypercholesterolemia Drugs Market 2016-2020 - Rising Prevalence of Chronic Diseases with AbbVie, Aegerion Pharmaceuticals, AstraZeneca, Merck, Pfizer & Sanofi Dominating - Research and Markets

DUBLIN--()--Research and Markets has announced the addition of the "Global Hypercholesterolemia Drugs Market 2016-2020" report to their offering.

The global hypercholesterolemia drugs market to decline at a CAGR of 6.78% during the period 2016-2020.

The report covers the present scenario and the growth prospects of the global hypercholesterolemia drugs market for 2016-2020. To calculate the market size, the report considers the revenue generated from the sales of branded, generics, and off-label drugs used to treat hypercholesterolemia. The report also includes a discussion of the key vendors operating in this market.

One of the major trends for market growth will be the increased use of combination therapies. Combinations of drugs are often used to treat conditions and they are mostly useful in managing lipid abnormalities. Combination therapies have advantages over monotherapies in terms of efficacy and a reduced incidence of adverse effects. Further, combination therapies have lesser manufacturing costs compared to the costs of manufacturing monotherapies administered concurrently, simpler logistics of distribution, and improved patient compliance by reducing the pill burden. Combination therapy in fixed dose combinations containing a statin and another lipid-lowering drug is available in the market.

According to the report, one of the key drivers for market growth will be rising prevalence of chronic diseases. Chronic conditions such as obesity and diabetes are linked to lipid abnormalities and are a result of health risk behaviors. For instance, the prevalence of obesity has doubled between 1980 and 2014. In 2014, over 1.9 billion individuals were found to be overweight. Of these, over 600 million were obese. In the same year, the global prevalence of diabetes in individuals over 18 years of age was estimated to be 9%. According to a WHO report published in 2014, the global prevalence of diabetes was 8% in 2011 and is expected to rise to 10% by 2030. Regular use of anti-hypercholesterolemia drugs is necessary to lower cholesterol levels and reduce the risk of CVDs.

Key vendors

- AbbVie

- Aegerion Pharmaceuticals

- AstraZeneca

- Merck

- Pfizer

- Sanofi

For more information visit http://www.researchandmarkets.com/research/5vhlwj/global

Contacts

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com
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Sector: Cardiovascular Drugs

Contacts

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
Sector: Cardiovascular Drugs