The Heterozygous Familial Hypercholesterolemia Management market size is estimated to reach US$ 15.11 billion in fiscal year 2023, up from US$ 13.2 billion in fiscal year 2022. The market is expected to increase at a 14.5% CAGR from 2023 to 2033, reaching a value of US$ 58.54 billion by the end of that year. High levels of cholesterol in the blood create heterozygous familial hypercholesterolemia, which can lead to restricted blood flow and raise the risk of a heart attack or stroke. Diabetes, hypothyroidism, polycystic ovarian syndrome, and renal illness can all lead to hypercholesterolemia.
Several factors are driving the growth of the hypercholesterolemia market, including an increase in the number of people living unhealthy lifestyles that lead to hypercholesterolemia, as well as the prevalence of chronic conditions such as cardiovascular disease, diabetes, and thyroid issues that increase the risk of hypercholesterolemia. The introduction of new medications, advances in research, and technical innovations in hypercholesterolemia therapy all contribute to the market’s growth.
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However, the market faces several challenges, including the high cost of existing treatments, safety concerns with hypercholesterolemia medications, and a lack of diagnostic tools for the condition. Despite these challenges, the market is likely to benefit from various government programmes to promote awareness about hypercholesterolemia, developments in healthcare facilities and drug research, and higher healthcare investments throughout the forecast period. Overall, these advancements are projected to propel the hypercholesterolemia market forward.
Key Takeaways from the Market Study
- The global market for HEFH management is currently valued more than US$ 13 billion.
- The ST-103 product type segment is estimated to have a 32% market share in 2023.
- Hospitals will account for more than one-fifth of all HEFH management procedures by 2023.
- In terms of HEFH management, North America is predicted to grow at a CAGR of 15.3% between 2023 and 2033.
- From 2023 to 2033, the European market for HEFH management is predicted to develop at a 14% CAGR.
“The improvement of healthcare infrastructure, government initiatives to raise public awareness of the causes, symptoms, and treatments for hypercholesterolemia, improved research and drug development for the treatment, as well as increased healthcare investments will all contribute to the growth of the heterozygous familial hypercholesterolemia management market during the forecast period.” comments a Future Market Insights analyst.
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Competitive Landscape
Some of the top players in the global market are Sanofi SA, Amgen Inc., Novartis International AG, AdooQ Bioscience, Thermo Fisher Scientific, Universal Biologicals, Selleck Chemicals, Madrigal Pharmaceuticals, ShangHai Caerulum Pharma Discovery Co., Ltd. and Wuhan Biocar Pharmacy. Some recent developments in this domain are:
- NewAmsterdam Pharma, a clinical-stage company focused on the discovery and development of transformative oral treatments for metabolic diseases, announced today that a Phase 2 dose-finding trial of obicetrapib as an addition to stable statin therapy in Japanese patients with dyslipidemia with BROOKLYN will begin in 2022. In addition to lipid-lowering medication that is well tolerated, the BROOKLYN Phase 3 research looks at the effect of obicetrapib on LDL-C levels in people with heterozygous familial hypercholesterolemia.
More Insights Available
North America and Europe are expected to maintain their dominance in the Heterozygous Familial Hypercholesterolemia market due to their high healthcare spending and the availability of advanced healthcare infrastructure. However, Asia-Pacific is expected to witness the highest growth rate due to the rising prevalence of hypercholesterolemia, increasing disposable income, and the availability of advanced diagnostic and treatment options.
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Key Segments Covered in the Heterozygous Familial Hypercholesterolemia (HEFH) Management Market Report
By Product Type:
- Gemcabene Calcium
- MGL-3196
- ST-103
- Others
By Application:
- Hospitals
- Medical Centers
- Clinics
- Others
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