The global PCSK9 inhibitor market is poised for robust growth, with market size expected to reach USD 2,733.7 million by 2024, exhibiting an impressive year-on-year (y-o-y) growth of 21.5%. Over the next decade, the market is projected to expand at a compound annual growth rate (CAGR) of 18.7%, with total sales anticipated to reach USD 15,140.3 million by 2034.
PCSK9 inhibitors, a class of drugs designed to lower LDL cholesterol levels in patients who are at high risk of cardiovascular events, continue to gain traction in the healthcare industry due to their efficacy and potential to address unmet needs in cardiovascular care.
According to research, PCSK9 Inhibitors are effective at lowering cholesterol. PCSK9 Inhibitors are administered once or twice a month through injection under the skin, self-administration, or medical representation. As a result, the PCSK9 Inhibitors Market is expected to grow and increase significantly throughout the forecast period. The worldwide PCSK9 Inhibitors Market is expected to thrive in the future, with a substantially higher CAGR.
During the projected period, Europe is estimated to have the highest global PCSK9 Inhibitors Market share. This is owing to increased spending and better healthcare infrastructure in nations such as Germany, Italy, and Spain, which are the region’s major contributors to growth.
Key Takeaways from the Market Study
- FMI projects the global PCSK9 Inhibitors market to expand at a 15.8% value CAGR by 2033
- The global PCSK9 Inhibitors market is estimated at a market value of US$ 3 Billion
- The global PCSK9 Inhibitors market is expected to garner a market value of US$ 13 Billion
- Asia Pacific is expected to grow at a CAGR of 15% in the assessment period 2023-2033.
- North America is expected to grow at a CAGR of 15.7% in the assessment period 2023-2033.
- Europe is expected to grow at a CAGR of 15.3% in the assessment period 2023-2033.
- The Repatha segment is expected to hold the largest market share for PCSK9 Inhibitors in the forecast period 2023-2033
“Asia Pacific is expected to have a significant market share. This is due to increased healthcare awareness, research activity, and government initiatives in the healthcare industry to create jobs in the region,” says an analyst at FMI.
Market Competition
New product registrations for early diagnosis, strategic alliances for mergers, acquisitions, marketing, a large distribution channel, and significant R&D investment are some of the primary strategies employed by notable organisations operating in the PCSK9 inhibitors Market. The top players in the PCSK9 inhibitors industry have been identified and characterised for their distinct business features. Key players in the PCSK9 Inhibitors market are Amgen, Eli Lilly, Sanofi, Pfizer, Novartis, Roche, Merck, Alnylam, AstraZeneca and Affiris.
Recent Developments:
- In December 2022, the boards of directors of Horizon Therapeutics plc and Amgen Inc., announced that they have agreed on the terms of a cash offer for the Company by Pillartree Limited (“Acquirer Sub”), a newly formed private limited company wholly owned by Amgen, which is unanimously recommended by the Company Board and under which Acquirer Sub will acquire the entirety of the Company’s issued and to be issued ordinary share capital.
- In December 2022, Eli Lilly and Company announced that its purchase of Akouos, Inc. was completed successfully. The purchase broadens Lilly’s genetic medicines efforts to include Akouos’ portfolio of potential first-in-class adeno-associated viral gene treatments for the treatment of inner ear diseases such as sensorineural hearing loss.
More Insights Available
Future Market Insights, in its new offering, presents an unbiased analysis of the global PCSK9 Inhibitors market, presenting historical analysis from 2018 to 2022 and forecast statistics for the period of 2023-2033.
The study reveals essential insights on the basis of type (repatha, praluent, bococizumab and others), and application (clinical application, drug development and others), across five major regions (North America, Latin America, Europe, Asia Pacific and Middle East & Africa).
Key Players:
- Amgen Plc.
- Eli Lilly & Co.
- Sanofi S.A
- Pfizer Inc.
- Novartis AG
- Roche Diagnostics
- Merck & Co. KGaA
- Alnylam
- AstraZeneca
- Affiris
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Key Segments Profiled in the PCSK9 Inhibitors Industry Survey
By Type:
- Repatha
- Praluent
- Bococizumab
- Others
By Application:
- Clinical Application
- Drug Development
- Others
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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