[email protected] +44 20 8123 2220 (UK) +1 732 587 5005 (US) Contact Us | FAQ |

Statin Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

March 2023 | 147 pages | ID: SBE2E931BE5EEN
IMARC Group

US$ 2,499.00

E-mail Delivery (PDF), Hard Copy Mail Delivery, CD-ROM Mail Delivery

Download PDF Leaflet

Accepted cards
Wire Transfer
Checkout Later
Need Help? Ask a Question
Market Overview:

The global statin market size reached US$ 14.9 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 18.1 Billion by 2028, exhibiting a growth rate (CAGR) of 3.2% during 2023-2028.

Statin is a lipid-lowering medication, an agent that is consumed by patients to reduce their blood cholesterol levels. Atorvastatin, rosuvastatin, lovastatin and simvastatin are the most common types of statins available in the market. They aid in preventing the instances of atherosclerosis and heart attacks and have significant anti-inflammatory and plaque-stabilizing effects. These drugs also aid in minimizing vascular inflammation and oxidative stress in the body. Besides this, statin interferes with the production of enzymes that are crucial for the liver to produce cholesterol, thus aiding in lowering the overall blood cholesterol levels in the body.

The increasing prevalence of hypercholesterolemia across the globe is among the key factors driving the growth of the market. This disorder is highly prevalent among the geriatric population and individuals suffering from other ailments, such as diabetes, obesity and cardiovascular diseases (CVDs), which is facilitating product adoption across both the developed and emerging nations. Furthermore, increasing consumer preference for over-the-counter (OTC) drugs is another factor contributing to the market growth. In comparison to brand name drugs, OTC variants are usually more affordable. Additionally, the growing adoption of combination therapies that use statin with other cholesterol diminishing compounds, such as ezetimibe, is acting as another growth-inducing factor. Research has found statin-ezetimibe combination therapy to be capable of achieving near-normal lipid profiles in familial hypercholesterolemia patients and significantly reducing the risk of CVDs occurrence. Other factors, including improving healthcare infrastructure and growing health consciousness among consumers, are projected to drive the market further.

IMARC Group’s latest report provides a deep insight into the global statin market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. This report is a must-read for industry players, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the statin industry in any manner.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global statin market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on type, therapeutic area, drug class, application and distribution.

Breakup by Type:

Synthetic Statins
Natural Statins


Breakup by Therapeutic Area:

Cardiovascular Disorders
Obesity
Inflammatory Disorders
Others

Breakup by Drug Class:

Atorvastatin
Fluvastatin
Lovastatin
Pravastatin
Simvastatin
Others


Breakup by Application:

Dyslipidemia
Others


Breakup by Distribution:

Hospitals
Clinics
Others


Breakup by Region:

North America

United States
Canada

Asia Pacific

China
Japan
India
South Korea
Australia
Indonesia
Others

Europe

Germany
France
United Kingdom
Italy
Spain
Russia
Others

Latin America

Brazil
Mexico
Others

Middle East and Africa


Competitive Landscape:

The competitive landscape of the industry has also been examined with some of the key players being Abbott Laboratories, AstraZeneca, Aurobindo Pharma, Biocon, GlaxoSmithKline, Merck & Co., Novartis, Pfizer, etc.

Key Questions Answered in This Report:

How has the global statin market performed so far and how will it perform in the coming years?
What has been the impact of COVID-19 on the global statin market?
What are the key regional markets?
What is the breakup of the market based on the type?
What is the breakup of the market based on the therapeutic area?
What is the breakup of the market based on the drug class?
What is the breakup of the market based on the application?
What is the breakup of the market based on the distribution?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the market?
What is the structure of the global statin market and who are the key players?
What is the degree of competition in the market?

1 PREFACE

2 SCOPE AND METHODOLOGY

2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
  2.3.1 Primary Sources
  2.3.2 Secondary Sources
2.4 Market Estimation
  2.4.1 Bottom-Up Approach
  2.4.2 Top-Down Approach
2.5 Forecasting Methodology

3 EXECUTIVE SUMMARY

4 INTRODUCTION

4.1 Overview
4.2 Key Industry Trends

5 GLOBAL STATIN MARKET

5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast

6 MARKET BREAKUP BY TYPE

6.1 Synthetic Statins
  6.1.1 Market Trends
  6.1.2 Market Forecast
6.2 Natural Statins
  6.2.1 Market Trends
  6.2.2 Market Forecast

7 MARKET BREAKUP BY THERAPEUTIC AREA

7.1 Cardiovascular Disorders
  7.1.1 Market Trends
  7.1.2 Market Forecast
7.2 Obesity
  7.2.1 Market Trends
  7.2.2 Market Forecast
7.3 Inflammatory Disorders
  7.3.1 Market Trends
  7.3.2 Market Forecast
7.4 Others
  7.4.1 Market Trends
  7.4.2 Market Forecast

8 MARKET BREAKUP BY DRUG CLASS

8.1 Atorvastatin
  8.1.1 Market Trends
  8.1.2 Market Forecast
8.2 Fluvastatin
  8.2.1 Market Trends
  8.2.2 Market Forecast
8.3 Lovastatin
  8.3.1 Market Trends
  8.3.2 Market Forecast
8.4 Pravastatin
  8.4.1 Market Trends
  8.4.2 Market Forecast
8.5 Simvastatin
  8.5.1 Market Trends
  8.5.2 Market Forecast
8.6 Others
  8.6.1 Market Trends
  8.6.2 Market Forecast

9 MARKET BREAKUP BY APPLICATION

9.1 Dyslipidemia
  9.1.1 Market Trends
  9.1.2 Market Forecast
9.2 Others
  9.2.1 Market Trends
  9.2.2 Market Forecast

10 MARKET BREAKUP BY DISTRIBUTION

10.1 Hospitals
  10.1.1 Market Trends
  10.1.2 Market Forecast
10.2 Clinics
  10.2.1 Market Trends
  10.2.2 Market Forecast
10.3 Others
  10.3.1 Market Trends
  10.3.2 Market Forecast

11 MARKET BREAKUP BY REGION

11.1 North America
  11.1.1 United States
    11.1.1.1 Market Trends
    11.1.1.2 Market Forecast
  11.1.2 Canada
    11.1.2.1 Market Trends
    11.1.2.2 Market Forecast
11.2 Europe
  11.2.1 Germany
    11.2.1.1 Market Trends
    11.2.1.2 Market Forecast
  11.2.2 France
    11.2.2.1 Market Trends
    11.2.2.2 Market Forecast
  11.2.3 United Kingdom
    11.2.3.1 Market Trends
    11.2.3.2 Market Forecast
  11.2.4 Italy
    11.2.4.1 Market Trends
    11.2.4.2 Market Forecast
  11.2.5 Spain
    11.2.5.1 Market Trends
    11.2.5.2 Market Forecast
  11.2.6 Russia
    11.2.6.1 Market Trends
    11.2.6.2 Market Forecast
  11.2.7 Others
    11.2.7.1 Market Trends
    11.2.7.2 Market Forecast
11.3 Asia Pacific
  11.3.1 China
    11.3.1.1 Market Trends
    11.3.1.2 Market Forecast
  11.3.2 Japan
    11.3.2.1 Market Trends
    11.3.2.2 Market Forecast
  11.3.3 India
    11.3.3.1 Market Trends
    11.3.3.2 Market Forecast
  11.3.4 South Korea
    11.3.4.1 Market Trends
    11.3.4.2 Market Forecast
  11.3.5 Australia
    11.3.5.1 Market Trends
    11.3.5.2 Market Forecast
  11.3.6 Indonesia
    11.3.6.1 Market Trends
    11.3.6.2 Market Forecast
  11.3.7 Others
    11.3.7.1 Market Trends
    11.3.7.2 Market Forecast
11.4 Latin America
  11.4.1 Brazil
    11.4.1.1 Market Trends
    11.4.1.2 Market Forecast
  11.4.2 Mexico
    11.4.2.1 Market Trends
    11.4.2.2 Market Forecast
  11.4.3 Others
    11.4.3.1 Market Trends
    11.4.3.2 Market Forecast
11.5 Middle East and Africa
  11.5.1 Market Trends
  11.5.2 Market Breakup by Country
  11.5.3 Market Forecast

12 SWOT ANALYSIS

12.1 Overview
12.2 Strengths
12.3 Weaknesses
12.4 Opportunities
12.5 Threats

13 VALUE CHAIN ANALYSIS

14 PORTERS FIVE FORCES ANALYSIS

14.1 Overview
14.2 Bargaining Power of Buyers
14.3 Bargaining Power of Suppliers
14.4 Degree of Competition
14.5 Threat of New Entrants
14.6 Threat of Substitutes

15 PRICE INDICATORS

16 COMPETITIVE LANDSCAPE

16.1 Market Structure
16.2 Key Players
16.3 Profiles of Key Players
  16.3.1 Abbott
    16.3.1.1 Company Overview
    16.3.1.2 Product Portfolio
    16.3.1.3 Financials
    16.3.1.4 SWOT Analysis
  16.3.2 AstraZeneca
    16.3.2.1 Company Overview
    16.3.2.2 Product Portfolio
    16.3.2.3 Financials
    16.3.2.4 SWOT Analysis
  16.3.3 Aurobindo Pharma
    16.3.3.1 Company Overview
    16.3.3.2 Product Portfolio
    16.3.3.3 Financials
  16.3.4 Biocon
    16.3.4.1 Company Overview
    16.3.4.2 Product Portfolio
    16.3.4.3 Financials
    16.3.4.4 SWOT Analysis
  16.3.5 GlaxoSmithKline
    16.3.5.1 Company Overview
    16.3.5.2 Product Portfolio
    16.3.5.3 Financials
    16.3.5.4 SWOT Analysis
  16.3.6 Merck & Co.
    16.3.6.1 Company Overview
    16.3.6.2 Product Portfolio
    16.3.6.3 Financials
    16.3.6.4 SWOT Analysis
  16.3.7 Novartis
    16.3.7.1 Company Overview
    16.3.7.2 Product Portfolio
    16.3.7.3 Financials
    16.3.7.4 SWOT Analysis
  16.3.8 Pfizer
    16.3.8.1 Company Overview
    16.3.8.2 Product Portfolio
    16.3.8.3 Financials
    16.3.8.4 SWOT Analysis

LIST OF TABLES

Table 1: Global: Statin Market: Key Industry Highlights, 2022 and 2028
Table 2: Global: Statin Market Forecast: Breakup by Type (in Million US$), 2023-2028
Table 3: Global: Statin Market Forecast: Breakup by Therapeutic Area (in Million US$), 2023-2028
Table 4: Global: Statin Market Forecast: Breakup by Drug Class (in Million US$), 2023-2028
Table 5: Global: Statin Market Forecast: Breakup by Application (in Million US$), 2023-2028
Table 6: Global: Statin Market Forecast: Breakup by Distribution (in Million US$), 2023-2028
Table 7: Global: Statin Market Forecast: Breakup by Region (in Million US$), 2023-2028
Table 8: Global: Statin Market: Competitive Structure
Table 9: Global: Statin Market: Key Players


LIST OF FIGURES

Figure 1: Global: Statin Market: Major Drivers and Challenges
Figure 2: Global: Statin Market: Sales Value (in Billion US$), 2017-2022
Figure 3: Global: Statin Market: Breakup by Type (in %), 2022
Figure 4: Global: Statin Market: Breakup by Therapeutic Area (in %), 2022
Figure 5: Global: Statin Market: Breakup by Drug Class (in %), 2022
Figure 6: Global: Statin Market: Breakup by Application (in %), 2022
Figure 7: Global: Statin Market: Breakup by Distribution (in %), 2022
Figure 8: Global: Statin Market: Breakup by Region (in %), 2022
Figure 9: Global: Statin Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 10: Global: Statin (Synthetic Statins) Market: Sales Value (in Million US$), 2017 & 2022
Figure 11: Global: Statin (Synthetic Statins) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 12: Global: Statin (Natural Statins) Market: Sales Value (in Million US$), 2017 & 2022
Figure 13: Global: Statin (Natural Statins) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 14: Global: Statin (Cardiovascular Disorders) Market: Sales Value (in Million US$), 2017 & 2022
Figure 15: Global: Statin (Cardiovascular Disorders) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 16: Global: Statin (Obesity) Market: Sales Value (in Million US$), 2017 & 2022
Figure 17: Global: Statin (Obesity) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 18: Global: Statin (Inflammatory disorders) Market: Sales Value (in Million US$), 2017 & 2022
Figure 19: Global: Statin (Inflammatory disorders) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 20: Global: Statin (Other Therapeutic Areas) Market: Sales Value (in Million US$), 2017 & 2022
Figure 21: Global: Statin (Other Therapeutic Areas) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 22: Global: Statin (Atorvastatin) Market: Sales Value (in Million US$), 2017 & 2022
Figure 23: Global: Statin (Atorvastatin) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 24: Global: Statin (Fluvastatin) Market: Sales Value (in Million US$), 2017 & 2022
Figure 25: Global: Statin (Fluvastatin) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 26: Global: Statin (Lovastatin) Market: Sales Value (in Million US$), 2017 & 2022
Figure 27: Global: Statin (Lovastatin) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 28: Global: Statin (Pravastatin) Market: Sales Value (in Million US$), 2017 & 2022
Figure 29: Global: Statin (Pravastatin) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 30: Global: Statin (Simvastatin) Market: Sales Value (in Million US$), 2017 & 2022
Figure 31: Global: Statin (Simvastatin) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 32: Global: Statin (Other Drug Classes) Market: Sales Value (in Million US$), 2017 & 2022
Figure 33: Global: Statin (Other Drug Classes) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 34: Global: Statin (Dyslipidemia) Market: Sales Value (in Million US$), 2017 & 2022
Figure 35: Global: Statin (Dyslipidemia) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 36: Global: Statin (Other Applications) Market: Sales Value (in Million US$), 2017 & 2022
Figure 37: Global: Statin (Other Applications) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 38: Global: Statin (Hospitals) Market: Sales Value (in Million US$), 2017 & 2022
Figure 39: Global: Statin (Hospitals) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 40: Global: Statin (Clinics) Market: Sales Value (in Million US$), 2017 & 2022
Figure 41: Global: Statin (Clinics) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 42: Global: Statin (Others) Market: Sales Value (in Million US$), 2017 & 2022
Figure 43: Global: Statin (Others) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 44: North America: Statin Market: Sales Value (in Million US$), 2017 & 2022
Figure 45: North America: Statin Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 46: United States: Statin Market: Sales Value (in Million US$), 2017 & 2022
Figure 47: United States: Statin Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 48: Canada: Statin Market: Sales Value (in Million US$), 2017 & 2022
Figure 49: Canada: Statin Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 50: Asia Pacific: Statin Market: Sales Value (in Million US$), 2017 & 2022
Figure 51: Asia Pacific: Statin Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 52: China: Statin Market: Sales Value (in Million US$), 2017 & 2022
Figure 53: China: Statin Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 54: Japan: Statin Market: Sales Value (in Million US$), 2017 & 2022
Figure 55: Japan: Statin Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 56: India: Statin Market: Sales Value (in Million US$), 2017 & 2022
Figure 57: India: Statin Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 58: South Korea: Statin Market: Sales Value (in Million US$), 2017 & 2022
Figure 59: South Korea: Statin Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 60: Australia: Statin Market: Sales Value (in Million US$), 2017 & 2022
Figure 61: Australia: Statin Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 62: Indonesia: Statin Market: Sales Value (in Million US$), 2017 & 2022
Figure 63: Indonesia: Statin Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 64: Others: Statin Market: Sales Value (in Million US$), 2017 & 2022
Figure 65: Others: Statin Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 66: Europe: Statin Market: Sales Value (in Million US$), 2017 & 2022
Figure 67: Europe: Statin Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 68: Germany: Statin Market: Sales Value (in Million US$), 2017 & 2022
Figure 69: Germany: Statin Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 70: France: Statin Market: Sales Value (in Million US$), 2017 & 2022
Figure 71: France: Statin Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 72: United Kingdom: Statin Market: Sales Value (in Million US$), 2017 & 2022
Figure 73: United Kingdom: Statin Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 74: Italy: Statin Market: Sales Value (in Million US$), 2017 & 2022
Figure 75: Italy: Statin Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 76: Spain: Statin Market: Sales Value (in Million US$), 2017 & 2022
Figure 77: Spain: Statin Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 78: Russia: Statin Market: Sales Value (in Million US$), 2017 & 2022
Figure 79: Russia: Statin Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 80: Others: Statin Market: Sales Value (in Million US$), 2017 & 2022
Figure 81: Others: Statin Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 82: Latin America: Statin Market: Sales Value (in Million US$), 2017 & 2022
Figure 83: Latin America: Statin Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 84: Brazil: Statin Market: Sales Value (in Million US$), 2017 & 2022
Figure 85: Brazil: Statin Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 86: Mexico: Statin Market: Sales Value (in Million US$), 2017 & 2022
Figure 87: Mexico: Statin Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 88: Others: Statin Market: Sales Value (in Million US$), 2017 & 2022
Figure 89: Others: Statin Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 90: Middle East and Africa: Statin Market: Sales Value (in Million US$), 2017 & 2022
Figure 91: Middle East and Africa: Statin Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 92: Global: Statin Industry: SWOT Analysis
Figure 93: Global: Statin Industry: Value Chain Analysis
Figure 94: Global: Statin Industry: Porter’s Five Forces Analysis


More Publications