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Global Statin Market 2019-2023

  • Published: Nov 2018
  • Pages: 116
  • SKU: IRTNTR30254
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The statin market size has the potential to grow by $1.64 billion during 2019-2023, and the market's growth momentum will accelerate during the forecast period because of the steady increase in year-over-year growth. This report provides a detailed analysis of the market by type (synthetic statins and natural statins), application (dyslipidemia and others), and geography (the Americas, APAC and EMEA). Also, the report analyzes the market's competitive landscape and offers information on several market vendors, including AstraZeneca, Merck, Novartis and Pfizer.

Below are some of the key findings from this statin market analysis report

 

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Global statin industry overview

The increasing statin use is positively impacting the market growth. Statins are considered an evidence-based treatment for high-risk patients with elevated cardiovascular risk. In the US and the UK, people aged over 40 years and above are recommended to monitor their cholesterol levels, which increases the demand for statins. Moreover, prescriptions of statins have been increasing, owing to the availability of low-cost generics, revised cholesterol treatment guidelines, increasing prevalence of hypercholesterolemia and high patient awareness of CVD. Statins are endorsed by the NHS for the prevention and treatment of CVD and are reimbursed under CMS, which increases its use among people. Thus, increasing statin use is positively impacting market growth with a CAGR of over 2% during the forecast period.

Top statin companies covered in this report

The global statin market is highly fragmented. By offering a complete analysis of the market’s competitive landscape and with information on the products offered by the companies, this statin industry analysis report will aid clients to identify new growth opportunities and design new growth strategies.

The report offers a detailed analysis of several leading statin companies  including:

 

  • AstraZeneca
  • Merck
  • Novartis
  • Pfizer

 Statin market segmentation based on type

  • Synthetic statins
  • Natural statins

Synthetic statins were the largest segment of the global statin market in 2018. The market share of this segment will increase further, and it will continue to dominate the market throughout the next five years.

Statin market segmentation based on region

  • The Americas
  • APAC
  • EMEA

The Americas accounted for the largest statin market share in 2018. This region will witness an increase in its market share and remain the market leader for the next five years. The market share of the region is expected to increase, owing to preventive cardiology approaches such as the early intervention using statins in patients exhibiting high-risk factors.

Key highlights of the global statin market for the forecast years 2019-2023:

  • CAGR of the market during the forecast period 2019-2023
  • Detailed information on factors that will accelerate the growth of the statin market during the next five years
  • Precise estimation of the global statin market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the statin industry across the Americas, APAC and EMEA
  • A thorough analysis of the market’s competitive landscape and detailed information on several vendors
  • Comprehensive details on factors that will challenge the growth of statin companies

 

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Table of Contents

PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT

  • 2.1 Preface
  • 2.2 Currency conversion rates for US$

PART 03: MARKET LANDSCAPE

  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis
  • Pipeline

PART 04: MARKET SIZING

  • Market definition
  • Market sizing 2018
  • Market size and forecast 2018-2023

PART 05: FIVE FORCES ANALYSIS

  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

PART 06: MARKET SEGMENTATION BY TYPE

  • Market segmentation by type
  • Comparison by type
  • Synthetic statins - Market size and forecast 2018-2023
  • Natural statins - Market size and forecast 2018-2023
  • Market opportunity by type

PART 07: CUSTOMER LANDSCAPE

PART 08: MARKET SEGMENTATION BY APPLICATION

  • Dyslipidemia
  • Others

PART 09: GEOGRAPHIC LANDSCAPE

  • Geographic segmentation
  • Geographic comparison
  • Americas - Market size and forecast 2018-2023
  • EMEA - Market size and forecast 2018-2023
  • APAC - Market size and forecast 2018-2023
  • Key leading countries
  • Market opportunity

PART 10: DECISION FRAMEWORK

PART 11: DRIVERS AND CHALLENGES

  • Market drivers
  • Market challenges

PART 12: MARKET TRENDS

PART 13: VENDOR LANDSCAPE

  • Overview
  • Landscape disruption

PART 14: VENDOR ANALYSIS

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • AstraZeneca
  • Merck
  • Novartis
  • Pfizer

PART 15: APPENDIX

  • Research methodology
  • List of abbreviations

PART 16: EXPLORE TECHNAVIO

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
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TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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