Statins Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2031 - By Product, Technology, Grade, Application, End-user, Region: (North America, Europe, Asia Pacific, Latin America and Middle East and Africa)

Description

North America Dominates the Market, with the United States Leading in Statin Usage

Rising Obesity and Cardiovascular Disease Cases Boost Demand for Statins Worldwide

The global statins market is on a steady growth trajectory and is expected to reach a valuation of US$ 21 billion by 2031. In 2024, the market was valued at US$ 15.4 billion.

Market Dynamics

The global demand for statins is being significantly influenced by the increasing incidence of high cholesterol and obesity cases worldwide. Lifestyle changes and sedentary habits have led to a rise in high cholesterol levels, making statins an essential solution for cholesterol management.

Statins play a crucial role in addressing high cholesterol levels that are difficult to control solely through lifestyle modifications. Additionally, awareness initiatives and advanced healthcare facilities are contributing to the growing demand for statins.

Moreover, the adoption of combination therapies that include statins alongside other cholesterol-lowering medications, such as ezetimibe, is expected to further drive the global market. Statin-ezetimibe combination therapy has shown promise in achieving near-normal lipid profiles, reducing the risk of cardiovascular diseases.

Challenges and Opportunities

While the statins market is poised for growth, challenges persist, primarily related to high manufacturing costs and the complexity of the production process. Additionally, establishing biosimilarity through rigorous analytical characterization and regulatory approval procedures remains a time-consuming and costly process.

However, increasing investments in research and development, a strong focus on improving healthcare facilities, and strategic collaborations between public and private entities are expected to provide growth opportunities for statin manufacturers.

Regional Analysis

North America is at the forefront of the global statins market and is poised to maintain its dominance throughout the forecast period. The region has a significant population suffering from cardiovascular diseases, diabetes, and obesity, driving the demand for effective cholesterol management solutions.

The United States is expected to lead the statins market in North America, with organizations like the American Heart Association and the American College of Cardiology issuing guidelines that recommend statin usage for individuals at risk of heart attacks.

Product Analysis

Statins are a class of drugs used to lower blood cholesterol levels, particularly low-density lipoprotein (LDL) cholesterol. The market for statins has witnessed steady growth, driven by increased healthcare awareness and the rising prevalence of cholesterol-related conditions.

While maintaining a healthy lifestyle can help manage cholesterol, sedentary habits have contributed to a growing need for statin therapy, particularly among the elderly population.

Key Players

Prominent players in the global statins market include: Pfizer Inc., AstraZeneca plc, Novartis International AG, GlaxoSmithKline plc, Merck & Co., Inc., Biocon, Aurobindo Pharma Ltd, and Concord Biotech.

Statins Industry Research Segmentation

By Drug Class:

Astrovastatins
Fluvastatins
Lovastatins
Pravastatins
Simvastatins
Others

By Therapeutic Treatment:

Cardiovascular Disorders
Obesity
Inflammatory Disorders
Others

By End User:

Hospitals
Clinics

By Region:

North America
Latin America
Europe
South Asia
East Asia
Oceania
Middle East & Africa

1. Executive Summary

1.1. Global Statins Market Snapshot
1.2. Future Projections
1.3. Key Market Trends
1.4. Regional Snapshot, by Value and Volume, 2023
1.5. Analyst Recommendations

2. Market Overview

2.1. Market Definitions and Segmentations
2.2. Market Dynamics
- 2.2.1. Drivers
- 2.2.2. Restraints
- 2.2.3. Market Opportunities
2.3. Value Chain Analysis
2.4. Porter's Five Forces Analysis
2.5. COVID-19 Impact Analysis
- 2.5.1. Supply
- 2.5.2. Demand
2.6. Impact of Ukraine-Russia Conflict
2.7. Economic Overview
- 2.7.1. World Economic Projections
2.8. PESTLE Analysis

3. Production Output and Trade Statistics, 2018 - 2023

3.1. Global Statins Production Output, by Region, Value (US$ Bn) and Volume, 2018 - 2023
- 3.1.1. North America
- 3.1.2. Europe
- 3.1.3. Asia Pacific
- 3.1.4. Latin America
- 3.1.5. Middle East and Africa

4. Price Analysis, 2018 - 2023

4.1. Global Average Price Analysis by Drug Class, 2018 - 2023
4.2. Prominent Factor Affecting Statins Prices
4.3. Global Average Price Analysis by Region

5. Global Statins Market Outlook, 2018 - 2031

5.1. Global Statins Market Outlook, by Drug Class, Value (US$ Bn) and Volume, 2018 - 2031
- 5.1.1. Key Highlights
  - 5.1.1.1. Astrovastatins
  - 5.1.1.2. Fluvastatins
  - 5.1.1.3. Lovastatins
  - 5.1.1.4. Pravastatins
  - 5.1.1.5. Simvastatins
  - 5.1.1.6. Others
5.2. Global Statins Market Outlook, by Therapeutic Treatment, Value (US$ Bn) and Volume, 2018 - 2031
- 5.2.1. Key Highlights
  - 5.2.1.1. Cardiovascular Disorders
  - 5.2.1.2. Obesity
  - 5.2.1.3. Inflammatory Disorders
  - 5.2.1.4. Others
5.3. Global Statins Market Outlook, by End User, Value (US$ Bn) and Volume, 2018 - 2031
- 5.3.1. Key Highlights
  - 5.3.1.1. Hospitals
  - 5.3.1.2. Clinics
5.4. Global Statins Market Outlook, by Region, Value (US$ Bn) and Volume, 2018 - 2031
- 5.4.1. Key Highlights
  - 5.4.1.1. North America
  - 5.4.1.2. Europe
  - 5.4.1.3. Asia Pacific
  - 5.4.1.4. Latin America
  - 5.4.1.5. Middle East & Africa

6. North America Statins Market Outlook, 2018 - 2031

6.1. North America Statins Market Outlook, by Drug Class, Value (US$ Bn) and Volume, 2018 - 2031
- 6.1.1. Key Highlights
  - 6.1.1.1. Astrovastatins
  - 6.1.1.2. Fluvastatins
  - 6.1.1.3. Lovastatins
  - 6.1.1.4. Pravastatins
  - 6.1.1.5. Simvastatins
  - 6.1.1.6. Others
6.2. North America Statins Market Outlook, by Therapeutic Treatment, Value (US$ Bn) and Volume, 2018 - 2031
- 6.2.1. Key Highlights
  - 6.2.1.1. Cardiovascular Disorders
  - 6.2.1.2. Obesity
  - 6.2.1.3. Inflammatory Disorders
  - 6.2.1.4. Others
6.3. North America Statins Market Outlook, by End User, Value (US$ Bn) and Volume, 2018 - 2031
- 6.3.1. Key Highlights
  - 6.3.1.1. Hospitals
  - 6.3.1.2. Clinics
- 6.3.2. BPS Analysis/Market Attractiveness Analysis
6.4. North America Statins Market Outlook, by Country, Value (US$ Bn) and Volume, 2018 - 2031
- 6.4.1. Key Highlights
  - 6.4.1.1. U.S. Statins Market by Drug Class, Value (US$ Bn) and Volume, 2018 - 2031
  - 6.4.1.2. U.S. Statins Market by Therapeutic Treatment, Value (US$ Bn) and Volume, 2018 - 2031
  - 6.4.1.3. U.S. Statins Market by End User, Value (US$ Bn) and Volume, 2018 - 2031
  - 6.4.1.4. Canada Statins Market by Drug Class, Value (US$ Bn) and Volume, 2018 - 2031
  - 6.4.1.5. Canada Statins Market by Therapeutic Treatment, Value (US$ Bn) and Volume, 2018 - 2031
  - 6.4.1.6. Canada Statins Market by End User, Value (US$ Bn) and Volume, 2018 - 2031
- 6.4.2. BPS Analysis/Market Attractiveness Analysis

7. Europe Statins Market Outlook, 2018 - 2031

7.1. Europe Statins Market Outlook, by Drug Class, Value (US$ Bn) and Volume, 2018 - 2031
- 7.1.1. Key Highlights
  - 7.1.1.1. Astrovastatins
  - 7.1.1.2. Fluvastatins
  - 7.1.1.3. Lovastatins
  - 7.1.1.4. Pravastatins
  - 7.1.1.5. Simvastatins
  - 7.1.1.6. Others
7.2. Europe Statins Market Outlook, by Therapeutic Treatment, Value (US$ Bn) and Volume, 2018 - 2031
- 7.2.1. Key Highlights
  - 7.2.1.1. Cardiovascular Disorders
  - 7.2.1.2. Obesity
  - 7.2.1.3. Inflammatory Disorders
  - 7.2.1.4. Others
7.3. Europe Statins Market Outlook, by End User, Value (US$ Bn) and Volume, 2018 - 2031
- 7.3.1. Key Highlights
  - 7.3.1.1. Hospitals
  - 7.3.1.2. Clinics
- 7.3.2. Attractiveness Analysis
7.4. Europe Statins Market Outlook, by Country, Value (US$ Bn) and Volume, 2018 - 2031
- 7.4.1. Key Highlights
  - 7.4.1.1. Germany Statins Market by Drug Class, Value (US$ Bn) and Volume, 2018 - 2031
  - 7.4.1.2. Germany Statins Market by Therapeutic Treatment, Value (US$ Bn) and Volume, 2018 - 2031
  - 7.4.1.3. Germany Statins Market by End User, Value (US$ Bn) and Volume, 2018 - 2031
  - 7.4.1.4. U.K. Statins Market by Drug Class, Value (US$ Bn) and Volume, 2018 - 2031
  - 7.4.1.5. U.K. Statins Market by Therapeutic Treatment, Value (US$ Bn) and Volume, 2018 - 2031
  - 7.4.1.6. U.K. Statins Market by End User, Value (US$ Bn) and Volume, 2018 - 2031
  - 7.4.1.7. France Statins Market by Drug Class, Value (US$ Bn) and Volume, 2018 - 2031
  - 7.4.1.8. France Statins Market by Therapeutic Treatment, Value (US$ Bn) and Volume, 2018 - 2031
  - 7.4.1.9. France Statins Market by End User, Value (US$ Bn) and Volume, 2018 - 2031
  - 7.4.1.10. Italy Statins Market by Drug Class, Value (US$ Bn) and Volume, 2018 - 2031
  - 7.4.1.11. Italy Statins Market by Therapeutic Treatment, Value (US$ Bn) and Volume, 2018 - 2031
  - 7.4.1.12. Italy Statins Market by End User, Value (US$ Bn) and Volume, 2018 - 2031
  - 7.4.1.13. Turkey Statins Market by Drug Class, Value (US$ Bn) and Volume, 2018 - 2031
  - 7.4.1.14. Turkey Statins Market by Therapeutic Treatment, Value (US$ Bn) and Volume, 2018 - 2031
  - 7.4.1.15. Turkey Statins Market by End User, Value (US$ Bn) and Volume, 2018 - 2031
  - 7.4.1.16. Russia Statins Market by Drug Class, Value (US$ Bn) and Volume, 2018 - 2031
  - 7.4.1.17. Russia Statins Market by Therapeutic Treatment, Value (US$ Bn) and Volume, 2018 - 2031
  - 7.4.1.18. Russia Statins Market by End User, Value (US$ Bn) and Volume, 2018 - 2031
  - 7.4.1.19. Rest of Europe Statins Market by Drug Class, Value (US$ Bn) and Volume, 2018 - 2031
  - 7.4.1.20. Rest of Europe Statins Market by Therapeutic Treatment, Value (US$ Bn) and Volume, 2018 - 2031
  - 7.4.1.21. Rest of Europe Statins Market by End User, Value (US$ Bn) and Volume, 2018 - 2031
- 7.4.2. BPS Analysis/Market Attractiveness Analysis

8. Asia Pacific Statins Market Outlook, 2018 - 2031

8.1. Asia Pacific Statins Market Outlook, by Drug Class, Value (US$ Bn) and Volume, 2018 - 2031
- 8.1.1. Key Highlights
  - 8.1.1.1. Astrovastatins
  - 8.1.1.2. Fluvastatins
  - 8.1.1.3. Lovastatins
  - 8.1.1.4. Pravastatins
  - 8.1.1.5. Simvastatins
  - 8.1.1.6. Others
8.2. Asia Pacific Statins Market Outlook, by Therapeutic Treatment, Value (US$ Bn) and Volume, 2018 - 2031
- 8.2.1. Key Highlights
  - 8.2.1.1. Cardiovascular Disorders
  - 8.2.1.2. Obesity
  - 8.2.1.3. Inflammatory Disorders
  - 8.2.1.4. Others
8.3. Asia Pacific Statins Market Outlook, by End User, Value (US$ Bn) and Volume, 2018 - 2031
- 8.3.1. Key Highlights
  - 8.3.1.1. Hospitals
  - 8.3.1.2. Clinics
- 8.3.2. BPS Analysis/Market Attractiveness Analysis
8.4. Asia Pacific Statins Market Outlook, by Country, Value (US$ Bn) and Volume, 2018 - 2031
- 8.4.1. Key Highlights
  - 8.4.1.1. China Statins Market by Drug Class, Value (US$ Bn) and Volume, 2018 - 2031
  - 8.4.1.2. China Statins Market by Therapeutic Treatment, Value (US$ Bn) and Volume, 2018 - 2031
  - 8.4.1.3. China Statins Market by End User, Value (US$ Bn) and Volume, 2018 - 2031
  - 8.4.1.4. Japan Statins Market by Drug Class, Value (US$ Bn) and Volume, 2018 - 2031
  - 8.4.1.5. Japan Statins Market by Therapeutic Treatment, Value (US$ Bn) and Volume, 2018 - 2031
  - 8.4.1.6. Japan Statins Market by End User, Value (US$ Bn) and Volume, 2018 - 2031
  - 8.4.1.7. South Korea Statins Market by Drug Class, Value (US$ Bn) and Volume, 2018 - 2031
  - 8.4.1.8. South Korea Statins Market by Therapeutic Treatment, Value (US$ Bn) and Volume, 2018 - 2031
  - 8.4.1.9. South Korea Statins Market by End User, Value (US$ Bn) and Volume, 2018 - 2031
  - 8.4.1.10. India Statins Market by Drug Class, Value (US$ Bn) and Volume, 2018 - 2031
  - 8.4.1.11. India Statins Market by Therapeutic Treatment, Value (US$ Bn) and Volume, 2018 - 2031
  - 8.4.1.12. India Statins Market by End User, Value (US$ Bn) and Volume, 2018 - 2031
  - 8.4.1.13. Southeast Asia Statins Market by Drug Class, Value (US$ Bn) and Volume, 2018 - 2031
  - 8.4.1.14. Southeast Asia Statins Market by Therapeutic Treatment, Value (US$ Bn) and Volume, 2018 - 2031
  - 8.4.1.15. Southeast Asia Statins Market by End User, Value (US$ Bn) and Volume, 2018 - 2031
  - 8.4.1.16. Rest of Asia Pacific Statins Market by Drug Class, Value (US$ Bn) and Volume, 2018 - 2031
  - 8.4.1.17. Rest of Asia Pacific Statins Market by Therapeutic Treatment, Value (US$ Bn) and Volume, 2018 - 2031
  - 8.4.1.18. Rest of Asia Pacific Statins Market by End User, Value (US$ Bn) and Volume, 2018 - 2031
- 8.4.2. BPS Analysis/Market Attractiveness Analysis

9. Latin America Statins Market Outlook, 2018 - 2031

9.1. Latin America Statins Market Outlook, by Drug Class, Value (US$ Bn) and Volume, 2018 - 2031
- 9.1.1. Key Highlights
  - 9.1.1.1. Astrovastatins
  - 9.1.1.2. Fluvastatins
  - 9.1.1.3. Lovastatins
  - 9.1.1.4. Pravastatins
  - 9.1.1.5. Simvastatins
  - 9.1.1.6. Others
9.2. Latin America Statins Market Outlook, by Therapeutic Treatment, Value (US$ Bn) and Volume, 2018 - 2031
- 9.2.1. Key Highlights
  - 9.2.1.1. Cardiovascular Disorders
  - 9.2.1.2. Obesity
  - 9.2.1.3. Inflammatory Disorders
  - 9.2.1.4. Others
9.3. Latin America Statins Market Outlook, by End User, Value (US$ Bn) and Volume, 2018 - 2031
- 9.3.1. Key Highlights
  - 9.3.1.1. Hospitals
  - 9.3.1.2. Clinics
- 9.3.2. BPS Analysis/Market Attractiveness Analysis
9.4. Latin America Statins Market Outlook, by Country, Value (US$ Bn) and Volume, 2018 - 2031
- 9.4.1. Key Highlights
  - 9.4.1.1. Brazil Statins Market by Drug Class, Value (US$ Bn) and Volume, 2018 - 2031
  - 9.4.1.2. Brazil Statins Market by Therapeutic Treatment, Value (US$ Bn) and Volume, 2018 - 2031
  - 9.4.1.3. Brazil Statins Market by End User, Value (US$ Bn) and Volume, 2018 - 2031
  - 9.4.1.4. Mexico Statins Market by Drug Class, Value (US$ Bn) and Volume, 2018 - 2031
  - 9.4.1.5. Mexico Statins Market by Therapeutic Treatment, Value (US$ Bn) and Volume, 2018 - 2031
  - 9.4.1.6. Mexico Statins Market by End User, Value (US$ Bn) and Volume, 2018 - 2031
  - 9.4.1.7. Argentina Statins Market by Drug Class, Value (US$ Bn) and Volume, 2018 - 2031
  - 9.4.1.8. Argentina Statins Market by Therapeutic Treatment, Value (US$ Bn) and Volume, 2018 - 2031
  - 9.4.1.9. Argentina Statins Market by End User, Value (US$ Bn) and Volume, 2018 - 2031
  - 9.4.1.10. Rest of Latin America Statins Market by Drug Class, Value (US$ Bn) and Volume, 2018 - 2031
  - 9.4.1.11. Rest of Latin America Statins Market by Therapeutic Treatment, Value (US$ Bn) and Volume, 2018 - 2031
  - 9.4.1.12. Rest of Latin America Statins Market by End User, Value (US$ Bn) and Volume, 2018 - 2031
- 9.4.2. BPS Analysis/Market Attractiveness Analysis

10. Middle East & Africa Statins Market Outlook, 2018 - 2031

10.1. Middle East & Africa Statins Market Outlook, by Drug Class, Value (US$ Bn) and Volume, 2018 - 2031
- 10.1.1. Key Highlights
  - 10.1.1.1. Astrovastatins
  - 10.1.1.2. Fluvastatins
  - 10.1.1.3. Lovastatins
  - 10.1.1.4. Pravastatins
  - 10.1.1.5. Simvastatins
  - 10.1.1.6. Others
10.2. Middle East & Africa Statins Market Outlook, by Therapeutic Treatment, Value (US$ Bn) and Volume, 2018 - 2031
- 10.2.1. Key Highlights
  - 10.2.1.1. Cardiovascular Disorders
  - 10.2.1.2. Obesity
  - 10.2.1.3. Inflammatory Disorders
  - 10.2.1.4. Others
10.3. Middle East & Africa Statins Market Outlook, by End User, Value (US$ Bn) and Volume, 2018 - 2031
- 10.3.1. Key Highlights
  - 10.3.1.1. Hospitals
  - 10.3.1.2. Clinics
- 10.3.2. BPS Analysis/Market Attractiveness Analysis
10.4. Middle East & Africa Statins Market Outlook, by Country, Value (US$ Bn) and Volume, 2018 - 2031
- 10.4.1. Key Highlights
  - 10.4.1.1. GCC Statins Market by Drug Class, Value (US$ Bn) and Volume, 2018 - 2031
  - 10.4.1.2. GCC Statins Market by Therapeutic Treatment, Value (US$ Bn) and Volume, 2018 - 2031
  - 10.4.1.3. GCC Statins Market by End User, Value (US$ Bn) and Volume, 2018 - 2031
  - 10.4.1.4. South Africa Statins Market by Drug Class, Value (US$ Bn) and Volume, 2018 - 2031
  - 10.4.1.5. South Africa Statins Market by Therapeutic Treatment, Value (US$ Bn) and Volume, 2018 - 2031
  - 10.4.1.6. South Africa Statins Market by End User, Value (US$ Bn) and Volume, 2018 - 2031
  - 10.4.1.7. Egypt Statins Market by Drug Class, Value (US$ Bn) and Volume, 2018 - 2031
  - 10.4.1.8. Egypt Statins Market by Therapeutic Treatment, Value (US$ Bn) and Volume, 2018 - 2031
  - 10.4.1.9. Egypt Statins Market by End User, Value (US$ Bn) and Volume, 2018 - 2031
  - 10.4.1.10. Nigeria Statins Market by Drug Class, Value (US$ Bn) and Volume, 2018 - 2031
  - 10.4.1.11. Nigeria Statins Market by Therapeutic Treatment, Value (US$ Bn) and Volume, 2018 - 2031
  - 10.4.1.12. Nigeria Statins Market by End User, Value (US$ Bn) and Volume, 2018 - 2031
  - 10.4.1.13. Rest of Middle East & Africa Statins Market by Drug Class, Value (US$ Bn) and Volume, 2018 - 2031
  - 10.4.1.14. Rest of Middle East & Africa Statins Market by Therapeutic Treatment, Value (US$ Bn) and Volume, 2018 - 2031
  - 10.4.1.15. Rest of Middle East & Africa Statins Market by End User, Value (US$ Bn) and Volume, 2018 - 2031
- 10.4.2. BPS Analysis/Market Attractiveness Analysis

11. Competitive Landscape

11.1. By End User vs by Therapeutic Treatment Heatmap
11.2. Company Market Share Analysis, 2023
11.3. Competitive Dashboard
11.4. Company Profiles
- 11.4.1. Pfizer Inc.
  - 11.4.1.1. Company Overview
  - 11.4.1.2. Product Portfolio
  - 11.4.1.3. Financial Overview
  - 11.4.1.4. Business Strategies and Development
- 11.4.2. AstraZeneca plc
  - 11.4.2.1. Company Overview
  - 11.4.2.2. Product Portfolio
  - 11.4.2.3. Financial Overview
  - 11.4.2.4. Business Strategies and Development
- 11.4.3. Novartis International AG
  - 11.4.3.1. Company Overview
  - 11.4.3.2. Product Portfolio
  - 11.4.3.3. Financial Overview
  - 11.4.3.4. Business Strategies and Development
- 11.4.4. GlaxoSmithKline plc
  - 11.4.4.1. Company Overview
  - 11.4.4.2. Product Portfolio
  - 11.4.4.3. Financial Overview
  - 11.4.4.4. Business Strategies and Development
- 11.4.5. Merck & Co., Inc.
  - 11.4.5.1. Company Overview
  - 11.4.5.2. Product Portfolio
  - 11.4.5.3. Financial Overview
  - 11.4.5.4. Business Strategies and Development
- 11.4.6. Biocon
  - 11.4.6.1. Company Overview
  - 11.4.6.2. Product Portfolio
  - 11.4.6.3. Financial Overview
  - 11.4.6.4. Business Strategies and Development
- 11.4.7. Aurobindo Pharma Ltd
  - 11.4.7.1. Company Overview
  - 11.4.7.2. Product Portfolio
  - 11.4.7.3. Financial Overview
  - 11.4.7.4. Business Strategies and Development
- 11.4.8. Concord Biotech
  - 11.4.8.1. Company Overview
  - 11.4.8.2. Product Portfolio
  - 11.4.8.3. Financial Overview
  - 11.4.8.4. Business Strategies and Development

12. Appendix

12.1. Research Methodology
12.2. Report Assumptions
12.3. Acronyms and Abbreviations