The PCSK9 Inhibitors Market is expected to grow at a 15.36 % CAGR during the forecast period for 2023-2031.
Key Industry Insights & Findings from the Report:
- There is a higher demand for novel treatments that can efficiently control chronic illnesses like high cholesterol.
- Healthcare practitioners are increasingly acknowledging the advantages of PCSK9 inhibitors in controlling elevated cholesterol levels, especially in patients who are at a high risk of cardiovascular diseases or have familial hypercholesterolemia.
- In 2023, North America had a significant market dominance and contributed to a substantial portion of the worldwide revenue.
- These treatments are significantly pricier than conventional cholesterol-lowering meds like statins. Access to healthcare services may be restricted for patients, especially those who lack sufficient insurance coverage or financial means due to affordability concerns.
Low-density lipoprotein (LDL) receptor degradation is controlled by the proprotein convertase subtilisin/Kexin type 9 serine protease (PCSK9), which reduces the clearance of circulating LDL particles. PCSK9 inhibitors have been developed as a consequence of controlling PSCK9 levels. LDL clearance from the blood is inhibited by PCSK9's attachment to low-density lipoprotein receptors (LDLRs), which causes blood levels of LDL to increase. The PCSK9 enzyme is now inhibited with the use of a PCSK9 inhibitor, which increases the number of LDL receptors that can remove LDL from circulation.
Due to a number of factors, comprising an increase in global healthcare spending, a rise in statin resistance among patients with familial hypercholesterolemia, an increase in the risk of cardiovascular diseases like myocardial infarction and coronary revascularization, etc., the PCSK9 Inhibitors market dynamics are anticipated to change in the upcoming years. The market for PCSK9 Inhibitors will grow significantly if PCSK9 inhibition is used as a preventative approach to reduce the burden of CVD. The market for PCSK9 inhibitors is also expected to expand due to the effects of these drugs in new therapeutic fields.
Despite the fact that monoclonal antibodies have shown to be the most therapeutically effective PCSK9 inhibitors, additional novel medications are now undergoing various phases of research and will soon be on the market for PCSK9 inhibitors.
Competitive Landscape
Some Major Key Players In The PCSK9 Inhibitors Market:
- Amgen,
- Eli Lilly,
- Sanofi,
- Pfizer,
- Novartis,
- Roche,
- Merck,
- Alnylam,
- AstraZeneca,
- Affiris,
- BMS,
- Ionis Pharmaceuticals,
- Cyon Therapeutics,
- Daiichi Sankyo
Market Segmentation:
The PCSK9 Inhibitors Market is segmented based on Product Type and Application. Based on product type, the market is segmented as Repatha(Evolocumab), Praluent(Alirocumab), Bococizumab, and Others. Based on application, the market is segmented as Clinical Application, Drug Development, and Other. Based on product type, the Repatha(Evolocumab) segment is accounted as a major contributor in the PCSK9 Inhibitors Market.
Amgen's Evolocumab is a monoclonal antibody targeted to treat hyperlipidemia. It is an FDA-approved subcutaneous injection for those on maximum statin therapy who still need extra LDL-cholesterol lowering. It is approved as an adjuvant to existing first-line therapy for both homozygous and heterozygous familial cholesterolemia. Evolocumab is a human IgG2 monoclonal antibody that targets the subtilisin/kexin type 9 proprotein convertase (PCSK9). PCSK9 is a protein that degrades LDL receptors, impairing the liver's capacity to eliminate LDL-cholesterol (LDL-C), or "bad" cholesterol, from the blood. Evolocumab is intended to bind to PCSK9 and prevent it from connecting to LDL receptors on the liver surface, resulting in more LDL receptors on the liver surface to remove LDL-C from the circulation. Evolocumab is the second PCSK9 inhibitor to be approved, following alirocumab.
Based on application, the Clinical Application segment is a major contributor to the PCSK9 Inhibitors Market.
The use of PCSK9 Inhibitors in clinics has increased in recent years. Since PCSK9 is an enzyme that regulates low-density lipoprotein (LDL) receptors and LDL cholesterol concentrations, inhibiting this enzyme may thereby lessen the prevalence of ischemic heart disease. This factor is propelling the use of PCSK9 Inhibitors in clinics. With the convenience of receiving treatment, the number of clinics has been rising. The expansion of clinics has cleared the door for more conventional treatments, diagnostics, and immunizations, particularly for travelling people, as they may readily obtain medical treatment without an appointment.
The North America PCSK9 Inhibitors Market Holds Significant Revenue Share In The Region.
North America is likely to account for a substantial portion of the global PCSK9 inhibitors market during the forecast period because of the presence of well-established enterprises producing and marketing PCSK9 inhibitors. According to the US Department of Health and Human Services, around 805,000 Americans have a heart attack each year. This highlights the importance of medications like PCSK9 inhibitors in lowering cholesterol and preventing heart disease at an early stage. The region's high prevalence of cardiovascular illnesses, combined with new product releases, will drive PCSK9 inhibitor growth in the region. Furthermore, expanding R&D activities and increased awareness and prevalence of risk factors such as diabetes in the general population are expected to drive the North American market during the forecast period.
Recent Developments:
- In August 2023, Merck initiated two Phase 3 clinical trials for the drug. Previously, Amgen, Regeneron, and Novartis marketed injectable PCSK9 inhibitors. Merck conducted three Phase 3 trials to evaluate the efficacy of MK-0616 in reducing cardiac risk and LDL cholesterol levels among patients with high cholesterol.
The PCSK9 Inhibitors Market Report Scope
|
Report Attribute |
Specifications |
|
Growth Rate CAGR |
CAGR of 15.36 % from 2023 to 2031 |
|
Quantitative Units |
Representation of revenue in US$ Billion and CAGR from 2023 to 2031 |
|
Historic Year |
2019 to 2022 |
|
Forecast Year |
2023-2031 |
|
Report Coverage |
The forecast of revenue, the position of the company, the competitive market structure, growth prospects, and trends |
|
Segments Covered |
By Application, By Product Type |
|
Regional Scope |
North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
|
Country Scope |
U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico ;The UK; France; Italy; Spain; China; Japan; India; South Korea; South East Asia; South Korea; South East Asia |
|
Competitive Landscape |
Amgen, Eli Lilly, Sanofi, Pfizer, Novartis, Roche, Merck, Alnylam, AstraZeneca, Affiris, BMS, Ionis Pharmaceuticals, Cyon Therapeutics, and Daiichi Sankyo |
|
Customization Scope |
Free customization report with the procurement of the report, Modifications to the regional and segment scope. Particular Geographic competitive landscape. |
|
Pricing And Available Payment Methods |
Explore pricing alternatives that are customized to your particular study requirements. |
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