Statin Market by Manufacturers, Regions, Type and Application, Forecast to 2030

Statin Market was valued US$ 14.1 Bn in 2020 and is expected to reach US$ 17.34 Bn by 2030, at a CAGR of 3 % during a forecast period.

Statins are used to treat and prevent atherosclerosis, which results in heart attacks, strokes, and discomfort in the chest. It is typically recommended to patients at high risk to assist lower their body’s levels of low density lipoprotein cholesterol.

Global demand for statins is anticipated to rise as cholesterol prevalence rises as a result of changing lifestyles. One of the main factors driving the global market is the sedentary lifestyle in the developed regions. Statins are strongly advised as a treatment for excessive bad cholesterol because it is difficult to control the condition by diet and exercise. Statin demand is also rising as a result of cholesterol awareness initiatives and technologically upgraded healthcare facilities. The increasing speed of urbanization is causing diseases associated with high cholesterol and ensuring a constant need for statins. Cholesterol awareness and technologically advanced health administration amenities are a few of the key drivers of market expansion.

The need for adequate cure alternatives is anticipated to restrain the global station market despite the existence of the key driving variables. The side effects of statins and cultural and commercial influences are also anticipated to impede the expansion of the statin industry.

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Major Players in Statin market are:

Amgen
AstraZeneca
Pfizer, Inc
Merck & Co., Inc
Concord Biotech
GlaxoSmithKline plc
Aurbindo Pharma
Biocon

Most important types of Statin products covered in this report are:

Atorvastatin (Lipitor & others)
Fluvastatin (Lescol, Canef, and Vastin)
Lovastatin (Mevacor & others)
Pravastatin (Pravachol)
Rosuvastatin (Crestor)
Simvastatin (Zocor)
Pitavastatin (Livalo)

Most widely used downstream fields of Statin market covered in this report are:

Cardiovascular Diseases (heart strokes & attacks)
Lifestyle diseases (obesity, diabetes, and inflammation)
Others

Top countries data covered in this report:

United States

Canada

Germany

UK

France

Italy

Spain

Russia

China

Japan

South Korea

Australia

Thailand

Brazil

Argentina

Chile

South Africa

Egypt

UAE

Saudi Arabia

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Key Points:

Define, describe and forecast Statin product market by type, application, end user and region.

Provide enterprise external environment analysis and PEST analysis.

Provide strategies for company to deal with the impact of COVID-19.

Provide market dynamic analysis, including market driving factors, market development constraints.

Provide market entry strategy analysis for new players or players who are ready to enter the market, including market segment definition, client analysis, distribution model, product messaging and positioning, and price strategy analysis.

Keep up with international market trends and provide analysis of the impact of the COVID-19 epidemic on major regions of the world.

Analyze the market opportunities of stakeholders and provide market leaders with details of the competitive landscape.

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