Canada Cholesterol / Lipid Lowering Agents Market Analysis


  • Type: Common Disease Area
  • Published : April 2021
  • Region: North America
  • Country: Canada
  • Report ID : 3123

  • Format: PPT, PDF

Canada Lipid lowering Drug Market: Segmented by Drug type (Statins, Bile acid sequestrants, Cholesterol Absorption Inhibitors, Fibric Acid Derivatives, PCSK9 Inhibitors, Combination, and others) and by Distribution Channel (Hospital and Retail Pharmacies)- Growth, Trends, and Forecasts (2019 – 2028)

SKU: 3123 Categories: ,

The Canadian Lipid lowering drug market size stood at around USD xx billion in 2019 and is projected to reach USD XX billion by 2028, exhibiting a CAGR of XX% during the forecast period.

The market size of Canadian lipid-lowering drugs will continue to expand, and the growth rate will gradually increase. The growth of the cholesterol lowering drugs market can be attributed to the rise in the prevalence of cardiovascular diseases such as coronary artery disease in Canada. High cholesterol is one of the major risk factors for coronary heart disease and stroke, and despite available treatment, including statins, many Canadian patients face an ongoing challenge of achieving their target low-density lipoprotein cholesterol (LDL-C) levels. In fact, approximately 40% of Canadians live with high cholesterol and 45% of them do not meet their target LDL-C levels

Market Drivers

The growing prevalence of different cardiovascular diseases, which are caused by various factors such as increased obesity, changing food habits, higher alcohol consumption, and smoking is driving the cholesterol lowering drugs market. Growing awareness about bad cholesterol is one of the key drivers that is triggering the growth of the cholesterol lowering drugs market. Companies are referring to investigational studies to understand which drugs are well-tolerated inpatients and make improvements according to the results. Moreover, the development of drug formulation for cholesterol lowering, new therapies such as the emergence of PCSK9 inhibitors, and growing awareness about cardiovascular diseases are some of the major factors responsible for the growth of the cholesterol lowering drugs market. Lucrative opportunities in emerging economies are expected to provide significant prospects for the manufacturers in the industry.

1. Canada Lipid Lowering Drugs Market Overview…………………………………………….
A. Market Size
2. Market Growth Drivers……………………………………………………………………..
A. Growing Prevalence of Cardiovascular Diseases and Sedentary Lifestyle
B. Rising Awareness about New Drug Development Therapies
3. Major Disease Areas……………………………………………………………………
A. Hypercholesterolemia
B. Cardiovascular diseases
C. Hyperlipidemia
4. Lipid lowering Drugs Market Segmentation ……………………………………………
A. By Drug class
I. Statins
II. Bile acid sequestrants
III. Cholesterol absorption inhibitors
IV. Fibric acid derivatives
V. PCSK9 Inhibitors
VI. Combination
VII. Others
B. By Distribution channel
I. Hospital Pharmacies
II. Retail Pharmacies
5. Lipid lowering Drugs Major Market Share………………………………..
A. Market Analysis, Insights, and Forecast – By Revenue
6. Competitive Landscape…………………………………………………………………
A. Major Players
B. Products in Pipeline
7. Key Company Profiles…………………………………………………………………..
A. AstraZeneca Company overview, Product & Services, Strategies & Financials
B. Merck & Co. Company overview, Product & Services, Strategies & Financials
C. Pfizer Inc., Company overview, Product & Services, Strategies & Financials
8. Healthcare Policies and Regulatory Landscape……………………………………
A. Policy changes and Reimbursement scenario
9. Factors Driving Future Growth…………………………………………………………
A. New Trends and Development of Lipid lowering Drug market
B. Future Opportunities
10. Conclusion

Market Segmentation

By Drug Class:

Based on the drug class, the market is segmented based on statins, bile acid sequestrants, cholesterol absorption inhibitors, fibric acid derivatives, pcsk9 inhibitors, combination, and others. The statins & combination segment dominated the cholesterol lowering drugs market in 2018. This segment is expected to dominate during the forecast period, owing to its better efficacy and cost effectiveness of this drug class. PCSK9 inhibitors are expected to be a more promising segment during the forecast period. It is anticipated to grow at a high CAGR from 2019 to 2028. Better tolerance, newly approved drugs in this class, and price revision by companies are some of the factors anticipated to drive the PCSK9 inhibitor segment during the forecast period.


By Distribution Channel:

Based on distribution channels, the market is segmented into hospital and retail pharmacies. Hospital channel sales in the Canadian blood lipid-lowering drug market were accounting for a major share. Retail pharmacies, as the most important external channel, will directly benefit and there is still room for improvement in the proportion of retail pharmacies in the market for lowering blood lipids.

Top 5 Major Players

Canada presents rewarding opportunities for the key players operating in this market. Some of the key players operating in the market are AstraZeneca, Merck & Co., Pfizer, Sanofi, Novartis AG, GlaxoSmithKline plc, AbbVie, and Takeda Pharmaceutical Company Limited, etc.

Research Methodology

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  1. Market overview
  2. Market growth drivers & restraints
  3. Epidemiology or disease type
  4. Market segmentation
  5. Market share
  6. Competitive landscape
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  8. Healthcare policies & regulatory framework
  9. Reimbursement scenario
  10. Factors driving future growth

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