An increase in prevalence of cholesterol due to changing lifestyle are expected to increase the demand for statins across the globe. Sedentary lifestyle across the developed regions is one of the key drivers of the global market. The bad cholesterol is difficult to manage by diet and exercise, the statins are highly recommended to treat the condition. In addition, Cholesterol awareness campaigns and technologically advanced health care facilities are increasing the demand for statins. The rapid pace of urbanisation is leading to cholesterol-related disorders and ensuring sustained demand for statins. Cholesterol consciousness and technologically forward health administration amenities are some of the prominent factors behind the market growth.
Global Statin Market Scope:
Our team at Maximize collects market information and data from a number of sources in order to provide a more realistic regional perspective. The study's country-level analysis is based on a review of several regional stakeholders, regional tax laws and policies, consumer behaviour, and macroeconomic statistics.
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Global Statin Market Overview:
A research team conducted extensive primary and secondary research for the worldwide industry's Global Statin market study. Secondary research was conducted to supplement existing data, segment the market, assess total market size, anticipate market size, and growth rate.
Global Statin Market Size was valued US$ 14.1 Bn in 2020 and is expected to reach US$ 17.34 Bn by 2027, at a CAGR of 3 % during a forecast period.
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Key Players: the key players are
• Aurobindo Pharma
• Merck & Co.
• Amgen Inc.
• Concord Biotech
A country-level examination of the Global Statin Market focuses on categories identified as potentially high-growth, countries with the largest market share, and countries with the highest development potential. The regional breakdowns in the Global Statin Market report include North America (USA, Canada), South America, Asia Pacific (China, Japan, India, Korea), Europe (Germany, UK, France, Italy), and other countries.
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COVID-19 Impact Analysis on Global Statin Market: The impact of COVID-19 on Global Statin market has also been included in the report.
Key Questions answered in the Global Statin Market Report are:
- Which product segment had the largest share in the Global Statin market in 2020?
- How is the projected competitive landscape of the Global Statin market in the forecast period (2021-2027)?
- Which are the key factors aiding the Global Statin market growth?
- Which region is responsible for the maximum share in the Global Statin market in 2020?
- What will be the CAGR of the Global Statin market in the forecast period (2021-2027)?
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