Skip to main content
  1. Market Insights
  2. Health
  3. Pharmaceuticals

Lipid-Lowering Agents - Thailand

Thailand
  • The Lipid-Lowering Agents market in Thailand is expected to witness significant growth in the coming years.
  • According to projections, the revenue in this market is projected to reach US$13.37m in 2024.
  • Furthermore, it is anticipated that the market will experience a steady annual growth rate of 0.22% between 2024 and 2029.
  • As a result, the market volume is expected to reach US$13.52m by 2029.
  • When compared to other countries, United States is poised to generate the highest revenue in the Lipid-Lowering Agents market.
  • In fact, it is estimated that United States will generate a staggering US$4.46bn in revenue in 2024.
  • Thailand's increasing aging population and rising prevalence of cardiovascular diseases are driving the demand for lipid-lowering agents in the country.

Definition:
The Lipid-Lowering Agents market covers drugs to treat hyperlipidemia or dyslipidemia. These metabolic disorders are characterized by high levels of lipids, such as fats, cholesterol, or triglycerides, or lipoproteins in the blood. Different drug classes are included: statins, PCSK9 inhibitors, bile acid sequestrants, cholesterol absorption inhibitors, fibric acid derivatives, as well as combinations thereof.

Additional information:
Market values represent the revenues generated by manufacture prices paid to primary vendors, either directly or through distribution channels (excluding VAT). Reported market revenues include spending by consumers (B2C), companies (B2B), and governments (B2G).

Company examples: Merck & Co., AstraZeneca, Viatris

In-Scope

  • Anti-hyperlipidemics
  • Drugs to treat high levels of lipids in the blood
  • Cholesterol-lowering drugs

Out-Of-Scope

  • Anti-diabetes drugs
  • Drugs to treat other metabolic disorders
  • Dietary supplements
Lipid-Lowering Agents: market data & analysis - Cover

Market Insights report

Lipid-Lowering Agents: market data & analysis

Study Details

    Revenue

    Notes: Data shown is using current exchange rates and reflects market impacts of the Russia-Ukraine war.

    Most recent update: Jun 2024

    Source: Statista Market Insights

    Notes: The chart “Comparable Estimates” shows the forecasted development of the selected market from different sources. Please see the additional information for methodology and publication date.

    Most recent update: Mar 2024

    Analyst Opinion

    The demand for Lipid-Lowering Agents in Thailand has been increasing steadily in recent years.

    Customer preferences:
    The increasing prevalence of cardiovascular diseases and high cholesterol levels among the Thai population has resulted in a growing demand for Lipid-Lowering Agents. Additionally, the rising awareness of the importance of maintaining a healthy lifestyle and the availability of these drugs over-the-counter has further contributed to the growth of this market.

    Trends in the market:
    The Lipid-Lowering Agents market in Thailand is expected to continue to grow due to the increasing prevalence of cardiovascular diseases and high cholesterol levels in the country. The market is also expected to benefit from the growing aging population and the increasing adoption of sedentary lifestyles. Moreover, the introduction of new and innovative drugs in the market is expected to further drive the growth of the market.

    Local special circumstances:
    The Thai government has been taking measures to promote healthy lifestyles among its citizens, including campaigns to encourage exercise and healthy eating habits. These initiatives are likely to contribute to the growth of the Lipid-Lowering Agents market in the country. Additionally, the government has been promoting the use of generic drugs to reduce healthcare costs, which is expected to further boost the growth of the market.

    Underlying macroeconomic factors:
    The Thai economy has been growing steadily in recent years, which has led to an increase in disposable incomes among the population. This has resulted in higher healthcare spending, which is expected to contribute to the growth of the Lipid-Lowering Agents market in the country. Additionally, the increasing healthcare infrastructure and the rising availability of healthcare facilities are expected to further drive the growth of the market.

    Global Comparison

    Most recent update: Jun 2024

    Source: Statista Market Insights

    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.

    Health

    Access more Market Insights on Health topics with our featured report

    Lipid-Lowering Agents: market data & analysis - BackgroundLipid-Lowering Agents: market data & analysis - Cover

    Key Market Indicators

    Notes: Based on data from IMF, World Bank, UN and Eurostat

    Most recent update: Sep 2024

    Source: Statista Market Insights

    Explore more high-quality data on related topic

    Global pharmaceutical industry - statistics & facts

    The global pharmaceutical industry has experienced significant growth during the past two decades, with revenues totaling around 1.6 trillion U.S. dollars in 2023. With growth like that, the industry's size is now comparable to the gross domestic products (GDPs) of countries like Spain, Mexico, or Australia.
    More data on the topic

    Contact

    Get in touch with us. We are happy to help.