Vietnam Cholesterol / Lipid Lowering Drugs Market Report 2022 to 2030

Vietnam Cholesterol / Lipid Lowering Drugs Market Analysis

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Vietnam Cholesterol / Lipid Lowering Drugs Market is projected to grow from $xx Mn in 2022 to $xx Mn by 2030, registering a CAGR of xx% during the forecast period of 2022 - 2030. The rising global prevalence of cardiovascular diseases, increased awareness about the health risks associated with high cholesterol levels, the ageing population, sedentary lifestyles, unhealthy dietary habits, and the need for effective treatments are some of the key drivers in the cholesterol/lipid lowering drugs market. growth. Sanofi, Pfizer, Inc., GlaxoSmithKline plc, Novartis AG, Merck & Co., Inc., Amgen Inc., Takeda Pharmaceutical Company Limited, Sun Pharmaceutical Industries Ltd., AbbVie, Inc., Viatris (Mylan N.V.), AstraZeneca PLC, and Dr. Reddy�s Laboratories Ltd.are global key players in Cholesterol / Lipid Lowering Drugs Market.

ID: IN10VNPH258 CATEGORY: Pharmaceuticals GEOGRAPHY: Vietnam AUTHOR: Dr. Medha Sansanwal

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Vietnam Cholesterol / Lipid Lowering Drugs Market Analysis Summary

Vietnam Cholesterol / Lipid Lowering Drugs Market is valued at around $98.8 Mn in 2022 and is projected to reach $110.2 Mn by 2030, exhibiting a CAGR of 1.37% during the forecast period 2023-2030.

Dyslipidemia is the most common risk factor for cardiovascular disease, causing more than 4 million deaths each year worldwide. Approximately 60-70% of patients who are obese are dyslipidemic while 50-60% of patients who are overweight are dyslipidemic. Lipid-lowering medicines are medications used to lower blood levels of cholesterol and other lipids (fats). These medications are often administered to persons who have excessive cholesterol levels or who have cardiovascular disorders such as diabetes, high blood pressure, or heart disease. The rising global prevalence of cardiovascular diseases, increased awareness about the health risks associated with high cholesterol levels, the aging population, sedentary lifestyles, unhealthy dietary habits, and the need for effective treatments are some of the key drivers in the cholesterol/lipid-lowering drugs market. Advances in pharmacological research and development, technology developments, and favorable government efforts supporting healthcare infrastructure and medicine access all contribute to market growth. Sanofi, Pfizer, Inc., GlaxoSmithKline plc, Novartis AG, Merck & Co., Inc., Amgen Inc., Takeda Pharmaceutical Company Limited, Sun Pharmaceutical Industries Ltd., AbbVie, Inc., Viatris (Mylan N.V.), AstraZeneca PLC, and Dr. Reddy’s Laboratories Ltd. are global key players in Cholesterol / Lipid Lowering Drugs Market.

Market Dynamics

Market Growth Drivers

High Prevalence of Cardiovascular Diseases: Because of factors such as sedentary lifestyles and bad diets, there is a considerable demand for cholesterol/lipid-reducing medications as a preventive approach
Rising Heart Health Awareness and Focus: The growing public awareness of the necessity of maintaining healthy cholesterol levels and avoiding heart disease has increased the demand for lipid-lowering drugs
Drug Development Advancements: Continuous R&D efforts have resulted in the release of more effective cholesterol/lipid-reducing medications, notably statins, the most often prescribed family of drugs for this purpose
Aging Population: Because the aging population is more prone to cardiovascular disease, the demand for cholesterol/lipid-lowering medications as a way of disease prevention and management is increasing
Increasing Healthcare Expenditure: As healthcare spending rises, particularly in industrialized nations such as the United States, people have more access to cholesterol/lipid-lowering drugs and healthcare services

Market Restraints

Adverse Effects and Safety Concerns: Cholesterol/lipid-lowering medications, particularly statins, can cause muscle discomfort, liver dysfunction, and gastrointestinal abnormalities. Concerns about safety and potential side effects may lead to patient noncompliance or unwillingness to begin therapy
Treatment Cost: Cholesterol/lipid-lowering medications, particularly those in newer groups such as PCSK9 inhibitors, can be expensive. High prices and limited insurance coverage may make certain medications unaffordable for patients, resulting in limited access and utilization
Lifestyle Changes as an Alternative: Lifestyle modifications, including dietary changes, exercise, and weight management, are crucial in managing cholesterol levels. Some individuals may prefer or be recommended to focus on lifestyle changes first, leading to a lower demand for pharmacological interventions

Competitive Landscape

Key Players

Sanofi
Pfizer, Inc.
GlaxoSmithKline plc
Novartis AG
Merck & Co., Inc.
Amgen Inc.
Takeda Pharmaceutical Company Limited
Sun Pharmaceutical Industries Ltd.
AbbVie, Inc.
Viatris (Mylan N.V.)
AstraZeneca PLC
Dr. Reddy’s Laboratories Ltd.

Development in Cholesterol / Lipid Lowering Drugs Market

2023- SNK-396 is under clinical trial study for the treatment of Elevated Low-Density Lipoprotein Cholesterol by synods health
Sun Pharma launches a first-in-class oral drug, Bempedoic Acid, in India for reducing LDL cholesterol under the brand name Brillo

1. Executive Summary
1.1 Disease Overview
1.2 Global Scenario
1.3 Country Overview
1.4 Healthcare Scenario in Country
1.5 Patient Journey
1.6 Health Insurance Coverage in Country
1.7 Active Pharmaceutical Ingredient (API)
1.8 Recent Developments in the Country

2. Market Size and Forecasting
2.1 Epidemiology of Disease
2.2 Market Size (With Excel & Methodology)
2.3 Market Segmentation (Check all Segments in Segmentation Section)

3. Market Dynamics
3.1 Market Drivers
3.2 Market Restraints

4. Competitive Landscape
4.1 Major Market Share

4.2 Key Company Profile (Check all Companies in the Summary Section)

4.2.1 Company
4.2.1.1 Overview
4.2.1.2 Product Applications and Services
4.2.1.3 Recent Developments
4.2.1.4 Partnerships Ecosystem
4.2.1.5 Financials (Based on Availability)

5. Reimbursement Scenario
5.1 Reimbursement Regulation
5.2 Reimbursement Process for Diagnosis
5.3 Reimbursement Process for Treatment

6. Methodology and Scope

Vietnam Cholesterol/Lipid Lowering Drugs Market Segmentations

By Drug Class

Statins
PCSK9 Inhibitors
Bile Acid Sequestrants
Cholesterol Absorption Inhibitors
Fibrates
Combination Therapies

By Indication

Hypercholesterolemia
Mixed Dyslipidemia
Familial Hypercholesterolemia
Secondary Prevention of Cardiovascular Events

By Distribution Channel

Hospital Pharmacies
Retail Pharmacies
Online Pharmacies
Others

Methodology for Database Creation

Our database offers a comprehensive list of healthcare centers, meticulously curated to provide detailed information on a wide range of specialties and services. It includes top-tier hospitals, clinics, and diagnostic facilities across 30 countries and 24 specialties, ensuring users can find the healthcare services they need.

Additionally, we provide a comprehensive list of Key Opinion Leaders (KOLs) based on your requirements. Our curated list captures various crucial aspects of the KOLs, offering more than just general information. Whether you're looking to boost brand awareness, drive engagement, or launch a new product, our extensive list of KOLs ensures you have the right experts by your side. Covering 30 countries and 36 specialties, our database guarantees access to the best KOLs in the healthcare industry, supporting strategic decisions and enhancing your initiatives.

How Do We Get It?

Our database is created and maintained through a combination of secondary and primary research methodologies.

1. Secondary Research

With many years of experience in the healthcare field, we have our own rich proprietary data from various past projects. This historical data serves as the foundation for our database. Our continuous process of gathering data involves:

Analyzing historical proprietary data collected from multiple projects.
Regularly updating our existing data sets with new findings and trends.
Ensuring data consistency and accuracy through rigorous validation processes.

With extensive experience in the field, we have developed a proprietary GenAI-based technology that is uniquely tailored to our organization. This advanced technology enables us to scan a wide array of relevant information sources across the internet. Our data-gathering process includes:

Searching through academic conferences, published research, citations, and social media platforms
Collecting and compiling diverse data to build a comprehensive and detailed database
Continuously updating our database with new information to ensure its relevance and accuracy

2. Primary Research

To complement and validate our secondary data, we engage in primary research through local tie-ups and partnerships. This process involves:

Collaborating with local healthcare providers, hospitals, and clinics to gather real-time data.
Conducting surveys, interviews, and field studies to collect fresh data directly from the source.
Continuously refreshing our database to ensure that the information remains current and reliable.
Validating secondary data through cross-referencing with primary data to ensure accuracy and relevance.

Combining Secondary and Primary Research

By integrating both secondary and primary research methodologies, we ensure that our database is comprehensive, accurate, and up-to-date. The combined process involves:

Merging historical data from secondary research with real-time data from primary research.
Conducting thorough data validation and cleansing to remove inconsistencies and errors.
Organizing data into a structured format that is easily accessible and usable for various applications.
Continuously monitoring and updating the database to reflect the latest developments and trends in the healthcare field.

Through this meticulous process, we create a final database tailored to each region and domain within the healthcare industry. This approach ensures that our clients receive reliable and relevant data, empowering them to make informed decisions and drive innovation in their respective fields.