The Fibrate Drugs Global Market Report 2023, provides comprehensive information on the fibrate drugs market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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The global fibrate drugs market size is expected to grow from $3.17 billion in 2022 to $3.36 billion in 2023 at a compound annual growth rate (CAGR) of 6.0%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The size of fibrate drugs market is expected to reach $4.11 billion in 2027 at a CAGR of 5.2%.
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Product innovations are a key trend gaining popularity in the fibrate drugs market. Major companies operating in the fibrate drugs market are focused on developing innovative solutions to sustain their position in the market. For instance, in November 2021, Lupin Limited, an India-based innovation-led transnational pharmaceutical company, launched an authorized generic version of Antara (Fenofibrate) Capsules, 30 mg, and 90 mg. In adult patients with primary hypercholesterolemia, fenofibrate capsules are recommended as an adjunctive therapy to diet to lower elevated levels of low-density lipoprotein cholesterol (LDL-C), total cholesterol (total-c), triglycerides (TG), and apolipoprotein B (Apo B), and to raise levels of high-density lipoprotein cholesterol (HDL-C).
The fibrate drugs market is segmented:
1) By Drug Type: Clofibrate, Fenofibrates, Fenofibric Acids, Gemfibrozil, Other Drugs
2) By Indication: Hypercholesterolemia, Heart Attacks, Other Indications
3) By Distribution Channel: Hospital Pharmacy, Online Pharmacy, Retail Pharmacy
4) By End User: Hospitals, Homecare, Specialty Clinics, Other End Users
North America was the largest region in the fibrate drugs market in 2022.
The table of contents in TBRC’s fibrate drugs market report includes:
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