Lipid-Lowering Agents - LATAM

LATAM

Revenue in the Lipid-Lowering Agents market is projected to reach US$0.30bn in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2028) of 0.82%, resulting in a market volume of US$0.31bn by 2028.
In global comparison, most revenue will be generated in the United States (US$4,461.00m in 2024).

Key regions: Europe, Brazil, France, Australia, Germany

Market

Region

Region comparison

Currency

Analyst Opinion

As therapies with lipid-lowering agents are usually of a long-term nature, the growth of this market is rather driven by the prices of these products than by the number of patients. Nevertheless, limited access to healthcare facilities owing to the COVID-19 pandemic has had some negative impact, which is reflected in lower growth rates in 2020. While generics have a considerable share, expiring patents as well as new products strongly influence the dynamics of the market.

Methodology

Data coverage:

Data encompasses B2B, B2G, and B2C spend. Figures are based on drug revenues allocated to the country where the money is spent. Monetary values are given at manufacturer price level excluding VAT.

Modeling approach / Market size:

Market sizes are determined by a top-down approach, based on a specific rationale for each market. As a basis for evaluating markets, we use financial information of the key players by market. Next, we use relevant key market indicators and data from country-specific associations, such as industry associations. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the particular market. For example, forecasts are based on historical developments, current trends, and key market indicators, using advanced statistical methods. The main driver is healthcare expenditure. Expiring patents and new drugs in the pipeline are also considered.

Additional notes:

Data is modeled in US$ using current exchange rates. The market is updated twice per year in case market dynamics change. The impact of the COVID-19 pandemic is considered at a country-specific level. This market comprises prescription drugs and all OTC drugs covered in the Statista OTC Pharmaceuticals market. However, in the OTC Pharmaceuticals market, revenues are based on end-consumer prices.