PUBLISHER: The Business Research Company | PRODUCT CODE: 1702795
PUBLISHER: The Business Research Company | PRODUCT CODE: 1702795
Atorvastatin is a statin medication utilized to prevent cardiovascular disease in high-risk individuals and to manage abnormal lipid levels. It plays a crucial role in controlling high cholesterol and reducing the likelihood of cardiovascular diseases, thus serving as a fundamental component in both prevention and treatment of heart disease.
Atorvastatin is produced through two primary methods, chemical synthesis and biocatalysis. Biocatalysis is particularly important in the manufacturing process of atorvastatin, a drug aimed at lowering cholesterol levels. It is employed in diverse therapeutic applications, including cardiovascular disorders, obesity, inflammatory conditions, and others, utilized across various settings such as hospital pharmacies, retail pharmacies, and online pharmacies.
The atorvastatin market research report is one of a series of new reports from The Business Research Company that provides atorvastatin market statistics, including atorvastatin industry global market size, regional shares, competitors with an atorvastatin market share, detailed atorvastatin market segments, market trends, and opportunities, and any further data you may need to thrive in the atorvastatin industry. This atorvastatin market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The atorvastatin market size has grown rapidly in recent years. It will grow from $11.86 billion in 2024 to $13.15 billion in 2025 at a compound annual growth rate (CAGR) of 10.8%. The growth in the historic period can be attributed to increased healthcare expenditure, increased incidence of metabolic disorders and obesity worldwide, sedentary lifestyles and unhealthy dietary habits in many populations, lack of physical activity and exercise, increased focus on preventive healthcare and wellness globally.
The atorvastatin market size is expected to see rapid growth in the next few years. It will grow to $19.57 billion in 2029 at a compound annual growth rate (CAGR) of 10.5%. The growth in the forecast period can be attributed to growing prevalence of cardiovascular diseases, high cholesterol levels, increasing aging population more susceptible to heart disease, rising awareness about cholesterol management and screening programs, availability of atorvastatin as a generic drug at competitive prices. Major trends in the forecast period include investments in research and development of innovative atorvastatin formulations, adoption of green chemistry in manufacturing, shift towards personalized medicine and pharmacogenomics-based therapy, integration of digital health technologies, new atorvastatin formulations.
The rising prevalence of cardiovascular diseases is anticipated to drive the growth of the atorvastatin market in the coming years. Cardiovascular diseases (CVDs) include various disorders affecting the heart and blood vessels. This increase in cardiovascular diseases is due to a mix of lifestyle changes, demographic trends, and environmental factors. Atorvastatin plays a key role in significantly reducing the risk of major cardiovascular events like heart attacks and strokes by targeting these underlying factors. Its widespread use among patients with high cholesterol and other CVD risk factors has contributed to lowering the overall burden of cardiovascular diseases. For instance, in January 2024, the American Heart Association, a US-based nonprofit organization, reported a slight increase in total cardiovascular-related deaths, totaling 931,578-up by 3,000 from the previous year's 928,741. Thus, the rising prevalence of cardiovascular diseases is fueling growth in the atorvastatin market.
Leading firms in the atorvastatin market are concentrating on developing innovative products such as ready-made liquid oral suspensions to enhance the treatment of high cholesterol and associated cardiovascular risk factors. These formulations provide a convenient and effective means of administering medications, particularly beneficial for patients who have difficulty swallowing solid dosage forms. For instance, in June 2023, CMP Pharma, Inc., an American pharmaceutical company, introduced Atorvaliq (atorvastatin calcium) Oral Suspension, 20 mg/5 mL, approved by the US Food and Drug Administration (FDA). Atorvaliq caters specifically to patients needing atorvastatin but facing dysphagia or swallowing challenges. Its availability offers healthcare providers and eligible patients a safe, convenient, and FDA-approved liquid option.
In August 2023, Aspen Pharmacare Holdings Limited, a pharmaceutical company based in South Africa, acquired Viatris Inc.'s drug products Portfolio for $280 million. This acquisition was a strategic move by Aspen Pharmacare to expand its Portfolio by integrating Viatris's expertise in offering generic and specialty drugs for treating acute and chronic conditions. Viatris Inc., based in the US, provides various forms of pharmaceuticals including atorvastatin for different cardiovascular-related conditions.
Major companies operating in the atorvastatin market are Zydus Lifesciences, Pfizer Inc., Viatris Inc., Teva Pharmaceutical Industries Ltd., Hetero Ltd., Sun Pharmaceutical Industries Ltd., Dr. Reddy's Laboratories Ltd., Cadila Pharmaceuticals Ltd., Apotex Pharmachem Inc., Glenmark Pharmaceuticals Ltd., Alembic Pharmaceuticals Ltd., Centrient Pharmaceuticals, Accord Healthcare Ltd., Wockhardt Ltd., Zhejiang Hisun Pharmaceutical Co. Ltd., Unichem Laboratories Ltd., Morepen, Ind-Swift Labs Ltd., Smilax Laboratories Limited, Saneca Pharmaceuticals AS, Combi-Blocks Inc., Shree HariKrishna Group, Srini Pharmaceuticals Pvt. Ltd., Suvan Lifesciences Ltd., Zenfold Sustainable Technologies
North America was the largest region in the atorvastatin market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the atorvastatin market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the atorvastatin market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The atorvastatin market consists of sales of atorvastatin calcium tablets, extended-release tablets, and generic tablets. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Atorvastatin Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on atorvastatin market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for atorvastatin ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The atorvastatin market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.