Statin

Statin

Global Statins Market to Reach $15.2 Billion by 2027

In the changed post COVID-19 business landscape, the global market for Statins estimated at US$13.6 Billion in the year 2020, is projected to reach a revised size of US$15.2 Billion by 2027, growing at aCAGR of 1.6% over the period 2020-2027. Synthetic, one of the segments analyzed in the report, is projected to record 1.8% CAGR and reach US$10.2 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Natural segment is readjusted to a revised 1.2% CAGR for the next 7-year period.

The U.S. Market is Estimated at $4 Billion, While China is Forecast to Grow at 2% CAGR

The Statins market in the U.S. is estimated at US$4 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$2.7 Billion by the year 2027 trailing a CAGR of 1.4% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.1% and 1.7% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 2.4% CAGR.

Select Competitors (Total 38 Featured) -

• Abbott
• Amgen Inc
• AstraZeneca
• Aurobindo Pharma
• Biocon
• Concord Biotech
• GlaxoSmithKline
• Merck & Co.
• Merck Sharp & Dohme Corp
• Novartis
• Pfizer

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