The global fibrate drugs market size is expected to reach USD 5.04 billion by 2032, according to a new study by Polaris Market Research. The report "Fibrate Drugs Market Share, Size, Trends, Industry Analysis Report, By Drug (Clofibrate, Gemfibrozil, Fenofibrate, Others); By Product Type; By Form; By Distribution Channel; By Region; Segment Forecast, 2024 - 2032" gives a detailed insight into current market dynamics and provides analysis on future market growth.
Factors such as lack of physical exercise, lifestyle changes, and rising consumption of tobacco & alcohol are increasing the risks of cholesterol abnormalities among the adult population. For instance, according to the World Health Organization (WHO), in July 2023, tobacco kills more than 8 million people each year. This increases the risk of heart disease. Moreover, an increasing number of patients suffering from cardiovascular diseases such as coronary artery diseases, heart attacks, and peripheral artery diseases is driving the demand for fibrate drugs.
Dyslipidemia leading to the imbalance of lipids such as triglycerides, low-density lipoprotein (LDL) cholesterol, and high-density lipoprotein (HDL) cholesterol will increase the need for fibrate drugs over the forecast period. For instance, in September 2022, 6 in 10 Indians have abnormal levels of cholesterol. Such abnormalities associated with the levels of cholesterol will increase the demand for fibrate drugs over the forecast period.
The link between diabetes and changes in the amount of lipids such as LDL, HDL, and triglycerides in the body is contributing to the market growth. Thus, with the increasing number of patients who have diabetes, the demand for fibrate drugs will also augment over the forecast timeframe. For instance, according to the International Diabetes Federation (IDF), in India, adults who have diabetes were 774.2 Mn in 2021, with a prevalence rate of 8.3%. Furthermore, the constant focus of the market players on the development and launch of new and effective treatment options for cholesterol abnormalities will drive the growth of the fibrate drugs market in the upcoming years.
Fibrate Drugs Market Report Highlights
The fenofibrate segment is expected to witness significant growth, owing to the high efficacy of the drug in reducing triglyceride levels and LDL cholesterol.
The branded segment dominated the market, owing to the strong patent portfolio owned by various companies in the market.
The tablets segment accounted for the largest market share, owing to its longer shelf life and ability to accommodate higher active ingredient doses.
Hospital & retail pharmacy segment held the largest market share, owing to the increasing number of hospital admissions.
North America dominated the market, owing to the high burden of coronary heart disease and rising incidence of cholesterol abnormalities.
The market players include Viatris Inc., Aurobindo Pharma, Lupin Pharmaceuticals, Inc., AbbVie Inc., Sun Pharmaceutical Industries Ltd., ANI Pharmaceuticals, Inc.
Polaris Market Research has segmented the fibrate drugs market report based on drug, product type, form, distribution channel, and region:
Fibrate Drugs, Drug Outlook (Revenue - USD Billion, 2019 - 2032)
- Clofibrate
- Gemfibrozil
- Fenofibrate
- Others
Fibrate Drugs, Product Type Outlook (Revenue - USD Billion, 2019 - 2032)
Fibrate Drugs, Form Outlook (Revenue - USD Billion, 2019 - 2032)
Fibrate Drugs, Distribution Channel Outlook (Revenue - USD Billion, 2019 - 2032)
- Hospital & Retail Pharmacy
- Online Pharmacy
Fibrate Drugs, Regional Outlook (Revenue - USD Billion, 2019 - 2032)
- North America
- U.S.
- Canada
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Netherlands
- Asia Pacific
- China
- India
- Japan
- South Korea
- Indonesia
- Malaysia
- Latin America
- Argentina
- Brazil
- Mexico
- Middle East & Africa
- UAE
- Saudi Arabia
- Israel
- South Africa
Table of Contents
1. Introduction
- 1.1. Report Description
- 1.1.1. Objectives of the Study
- 1.1.2. Market Scope
- 1.1.3. Assumptions
- 1.2. Stakeholders
2. Executive Summary
3. Research Methodology
- 3.1. Overview
- 3.2. Data Sources
- 3.2.1. Primary Sources
- 3.2.2. Secondary Sources
4. Global Fibrate Drugs Market Insights
- 4.1. Fibrate Drugs - Industry Snapshot
- 4.2. Fibrate Drugs Market Dynamics
- 4.2.1. Drivers and Opportunities
- 4.2.1.1. High risk associated with the increased levels of low-density lipoproteins (LDL) will significantly drive the market growth
- 4.2.1.2. The increasing prevalence of diabetes worldwide is expected to boost the demand for fibrate drugs
- 4.2.2. Restraints and Challenges
- 4.2.2.1. The availability of alternate treatment options is limiting the demand for fibrate drugs
- 4.3. Porter's Five Forces Analysis
- 4.3.1. Bargaining Power of Suppliers (Moderate)
- 4.3.2. Threats of New Entrants: (Low)
- 4.3.3. Bargaining Power of Buyers (Moderate)
- 4.3.4. Threat of Substitute (Moderate)
- 4.3.5. Rivalry among existing firms (High)
- 4.4. PESTLE Analysis
- 4.5. Fibrate Drugs Industry Trends
- 4.6. Value Chain Analysis
- 4.7. COVID-19 Impact Analysis
5. Global Fibrate Drugs Market, by Drug
- 5.1. Key Findings
- 5.2. Introduction
- 5.2.1. Global Fibrate Drugs Market, by Drug, 2019-2032 (USD Billion)
- 5.3. Clofibrate
- 5.3.1. Global Fibrate Drugs Market, by Clofibrate, by Region, 2019-2032 (USD Billion)
- 5.4. Gemfibrozil
- 5.4.1. Global Fibrate Drugs Market, by Gemfibrozil, by Region, 2019-2032 (USD Billion)
- 5.5. Fenofibrate
- 5.5.1. Global Fibrate Drugs Market, by Fenofibrate, by Region, 2019-2032 (USD Billion)
- 5.6. Others
- 5.6.1. Global Fibrate Drugs Market, by Others, by Region, 2019-2032 (USD Billion)
6. Global Fibrate Drugs Market, by Product Type
- 6.1. Key Findings
- 6.2. Introduction
- 6.2.1. Global Fibrate Drugs Market, by Product Type, 2019-2032 (USD Billion)
- 6.3. Branded
- 6.3.1. Global Fibrate Drugs Market, by Branded, by Region, 2019-2032 (USD Billion)
- 6.4. Generic
- 6.4.1. Global Fibrate Drugs Market, by Generic, by Region, 2019-2032 (USD Billion)
7. Global Fibrate Drugs Market, by Form
- 7.1. Key Findings
- 7.2. Introduction
- 7.2.1. Global Fibrate Drugs Market, by Form, 2019-2032 (USD Billion)
- 7.3. Capsule
- 7.3.1. Global Fibrate Drugs Market, by Capsule, by Region, 2019-2032 (USD Billion)
- 7.4. Tablet
- 7.4.1. Global Fibrate Drugs Market, by Tablet, by Region, 2019-2032 (USD Billion)
8. Global Fibrate Drugs Market, by Distribution Channel
- 8.1. Key Findings
- 8.2. Introduction
- 8.2.1. Global Fibrate Drugs Market, by Distribution Channel, 2019-2032 (USD Billion)
- 8.3. Hospital & Retail Pharmacy
- 8.3.1. Global Fibrate Drugs Market, by Hospital & Retail Pharmacy, by Region, 2019-2032 (USD Billion)
- 8.4. Online Pharmacy
- 8.4.1. Global Fibrate Drugs Market, by Online Pharmacy, by Region, 2019-2032 (USD Billion)
9. Global Fibrate Drugs Market, by Geography
- 9.1. Key findings
- 9.2. Introduction
- 9.2.1. Fibrate Drugs Market Assessment, By Geography, 2019-2032 (USD Billion)
- 9.3. Fibrate Drugs Market - North America
- 9.3.1. North America: Fibrate Drugs Market, by Drug, 2019-2032 (USD Billion)
- 9.3.2. North America: Fibrate Drugs Market, by Distribution Channel, 2019-2032 (USD Billion)
- 9.3.3. North America: Fibrate Drugs Market, by Product Type, 2019-2032 (USD Billion)
- 9.3.4. North America: Fibrate Drugs Market, by Form, 2019-2032 (USD Billion)
- 9.3.5. Fibrate Drugs Market - U.S.
- 9.3.5.1. U.S.: Fibrate Drugs Market, by Drug, 2019-2032 (USD Billion)
- 9.3.5.2. U.S.: Fibrate Drugs Market, by Distribution Channel, 2019-2032 (USD Billion)
- 9.3.5.3. U.S.: Fibrate Drugs Market, by Product Type, 2019-2032 (USD Billion)
- 9.3.5.4. U.S.: Fibrate Drugs Market, by Form, 2019-2032 (USD Billion)
- 9.3.6. Fibrate Drugs Market - Canada
- 9.3.6.1. Canada: Fibrate Drugs Market, by Drug, 2019-2032 (USD Billion)
- 9.3.6.2. Canada: Fibrate Drugs Market, by Distribution Channel, 2019-2032 (USD Billion)
- 9.3.6.3. Canada: Fibrate Drugs Market, by Product Type, 2019-2032 (USD Billion)
- 9.3.6.4. Canada: Fibrate Drugs Market, by Form, 2019-2032 (USD Billion)
- 9.4. Fibrate Drugs Market - Europe
- 9.4.1. Europe: Fibrate Drugs Market, by Drug, 2019-2032 (USD Billion)
- 9.4.2. Europe: Fibrate Drugs Market, by Distribution Channel, 2019-2032 (USD Billion)
- 9.4.3. Europe: Fibrate Drugs Market, by Product Type, 2019-2032 (USD Billion)
- 9.4.4. Europe: Fibrate Drugs Market, by Form, 2019-2032 (USD Billion)
- 9.4.5. Fibrate Drugs Market - UK
- 9.4.5.1. UK: Fibrate Drugs Market, by Drug, 2019-2032 (USD Billion)
- 9.4.5.2. UK: Fibrate Drugs Market, by Distribution Channel, 2019-2032 (USD Billion)
- 9.4.5.3. UK: Fibrate Drugs Market, by Product Type, 2019-2032 (USD Billion)
- 9.4.5.4. UK: Fibrate Drugs Market, by Form, 2019-2032 (USD Billion)
- 9.4.6. Fibrate Drugs Market - France
- 9.4.6.1. France: Fibrate Drugs Market, by Drug, 2019-2032 (USD Billion)
- 9.4.6.2. France: Fibrate Drugs Market, by Distribution Channel, 2019-2032 (USD Billion)
- 9.4.6.3. France: Fibrate Drugs Market, by Product Type, 2019-2032 (USD Billion)
- 9.4.6.4. France: Fibrate Drugs Market, by Form, 2019-2032 (USD Billion)
- 9.4.7. Fibrate Drugs Market - Germany
- 9.4.7.1. Germany: Fibrate Drugs Market, by Drug, 2019-2032 (USD Billion)
- 9.4.7.2. Germany: Fibrate Drugs Market, by Distribution Channel, 2019-2032 (USD Billion)
- 9.4.7.3. Germany: Fibrate Drugs Market, by Product Type, 2019-2032 (USD Billion)
- 9.4.7.4. Germany: Fibrate Drugs Market, by Form, 2019-2032 (USD Billion)
- 9.4.8. Fibrate Drugs Market - Italy
- 9.4.8.1. Italy: Fibrate Drugs Market, by Drug, 2019-2032 (USD Billion)
- 9.4.8.2. Italy: Fibrate Drugs Market, by Distribution Channel, 2019-2032 (USD Billion)
- 9.4.8.3. Italy: Fibrate Drugs Market, by Product Type, 2019-2032 (USD Billion)
- 9.4.8.4. Italy: Fibrate Drugs Market, by Form, 2019-2032 (USD Billion)
- 9.4.9. Fibrate Drugs Market - Spain
- 9.4.9.1. Spain: Fibrate Drugs Market, by Drug, 2019-2032 (USD Billion)
- 9.4.9.2. Spain: Fibrate Drugs Market, by Distribution Channel, 2019-2032 (USD Billion)
- 9.4.9.3. Spain: Fibrate Drugs Market, by Product Type, 2019-2032 (USD Billion)
- 9.4.9.4. Spain: Fibrate Drugs Market, by Form, 2019-2032 (USD Billion)
- 9.4.10. Fibrate Drugs Market - Netherlands
- 9.4.10.1. Netherlands: Fibrate Drugs Market, by Drug, 2019-2032 (USD Billion)
- 9.4.10.2. Netherlands: Fibrate Drugs Market, by Distribution Channel, 2019-2032 (USD Billion)
- 9.4.10.3. Netherlands: Fibrate Drugs Market, by Product Type, 2019-2032 (USD Billion)
- 9.4.10.4. Netherlands: Fibrate Drugs Market, by Form, 2019-2032 (USD Billion)
- 9.4.11. Fibrate Drugs Market - Russia
- 9.4.11.1. Russia: Fibrate Drugs Market, by Drug, 2019-2032 (USD Billion)
- 9.4.11.2. Russia.: Fibrate Drugs Market, by Distribution Channel, 2019-2032 (USD Billion)
- 9.4.11.3. Russia: Fibrate Drugs Market, by Product Type, 2019-2032 (USD Billion)
- 9.4.11.4. Russia: Fibrate Drugs Market, by Form, 2019-2032 (USD Billion)
- 9.5. Fibrate Drugs Market - Asia Pacific
- 9.5.1. Asia Pacific: Fibrate Drugs Market, by Drug, 2019-2032 (USD Billion)
- 9.5.2. Asia Pacific: Fibrate Drugs Market, by Distribution Channel, 2019-2032 (USD Billion)
- 9.5.3. Asia Pacific: Fibrate Drugs Market, by Product Type, 2019-2032 (USD Billion)
- 9.5.4. Asia Pacific: Fibrate Drugs Market, by Form, 2019-2032 (USD Billion)
- 9.5.5. Fibrate Drugs Market - China
- 9.5.5.1. China: Fibrate Drugs Market, by Drug, 2019-2032 (USD Billion)
- 9.5.5.2. China.: Fibrate Drugs Market, by Distribution Channel, 2019-2032 (USD Billion)
- 9.5.5.3. China: Fibrate Drugs Market, by Product Type, 2019-2032 (USD Billion)
- 9.5.5.4. China: Fibrate Drugs Market, by Form, 2019-2032 (USD Billion)
- 9.5.6. Fibrate Drugs Market - India
- 9.5.6.1. India: Fibrate Drugs Market, by Drug, 2019-2032 (USD Billion)
- 9.5.6.2. India.: Fibrate Drugs Market, by Distribution Channel, 2019-2032 (USD Billion)
- 9.5.6.3. India: Fibrate Drugs Market, by Product Type, 2019-2032 (USD Billion)
- 9.5.6.4. India: Fibrate Drugs Market, by Form, 2019-2032 (USD Billion)
- 9.5.7. Fibrate Drugs Market - Japan
- 9.5.7.1. Japan: Fibrate Drugs Market, by Drug, 2019-2032 (USD Billion)
- 9.5.7.2. Japan.: Fibrate Drugs Market, by Distribution Channel, 2019-2032 (USD Billion)
- 9.5.7.3. Japan: Fibrate Drugs Market, by Product Type, 2019-2032 (USD Billion)
- 9.5.7.4. Japan: Fibrate Drugs Market, by Form, 2019-2032 (USD Billion)
- 9.5.8. Fibrate Drugs Market - Malaysia
- 9.5.8.1. Malaysia: Fibrate Drugs Market, by Drug, 2019-2032 (USD Billion)
- 9.5.8.2. Malaysia.: Fibrate Drugs Market, by Distribution Channel, 2019-2032 (USD Billion)
- 9.5.8.3. Malaysia: Fibrate Drugs Market, by Product Type, 2019-2032 (USD Billion)
- 9.5.8.4. Malaysia: Fibrate Drugs Market, by Form, 2019-2032 (USD Billion)
- 9.5.9. Fibrate Drugs Market - Indonesia
- 9.5.9.1. Indonesia: Fibrate Drugs Market, by Drug, 2019-2032 (USD Billion)
- 9.5.9.2. Indonesia.: Fibrate Drugs Market, by Distribution Channel, 2019-2032 (USD Billion)
- 9.5.9.3. Indonesia: Fibrate Drugs Market, by Product Type, 2019-2032 (USD Billion)
- 9.5.9.4. Indonesia: Fibrate Drugs Market, by Form, 2019-2032 (USD Billion)
- 9.5.10. Fibrate Drugs Market - South Korea
- 9.5.10.1. South Korea: Fibrate Drugs Market, by Drug, 2019-2032 (USD Billion)
- 9.5.10.2. South Korea.: Fibrate Drugs Market, by Distribution Channel, 2019-2032 (USD Billion)
- 9.5.10.3. South Korea: Fibrate Drugs Market, by Product Type, 2019-2032 (USD Billion)
- 9.5.10.4. South Korea: Fibrate Drugs Market, by Form, 2019-2032 (USD Billion)
- 9.6. Fibrate Drugs Market - Middle East & Africa
- 9.6.1. Middle East & Africa: Fibrate Drugs Market, by Drug, 2019-2032 (USD Billion)
- 9.6.2. Middle East & Africa: Fibrate Drugs Market, by Distribution Channel, 2019-2032 (USD Billion)
- 9.6.3. Middle East & Africa: Fibrate Drugs Market, by Product Type, 2019-2032 (USD Billion)
- 9.6.4. Middle East & Africa: Fibrate Drugs Market, by Form, 2019-2032 (USD Billion)
- 9.6.5. Fibrate Drugs Market - Saudi Arabia
- 9.6.5.1. Saudi Arabia: Fibrate Drugs Market, by Drug, 2019-2032 (USD Billion)
- 9.6.5.2. Saudi Arabia: Fibrate Drugs Market, by Distribution Channel, 2019-2032 (USD Billion)
- 9.6.5.3. Saudi Arabia: Fibrate Drugs Market, by Product Type, 2019-2032 (USD Billion)
- 9.6.5.4. Saudi Arabia: Fibrate Drugs Market, by Form, 2019-2032 (USD Billion)
- 9.6.6. Fibrate Drugs Market - South Africa
- 9.6.6.1. South Africa: Fibrate Drugs Market, by Drug, 2019-2032 (USD Billion)
- 9.6.6.2. South Africa: Fibrate Drugs Market, by Distribution Channel, 2019-2032 (USD Billion)
- 9.6.6.3. South Africa: Fibrate Drugs Market, by Product Type, 2019-2032 (USD Billion)
- 9.6.6.4. South Africa: Fibrate Drugs Market, by Form, 2019-2032 (USD Billion)
- 9.6.7. Fibrate Drugs Market - Israel
- 9.6.7.1. Israel: Fibrate Drugs Market, by Drug, 2019-2032 (USD Billion)
- 9.6.7.2. Israel: Fibrate Drugs Market, by Distribution Channel, 2019-2032 (USD Billion)
- 9.6.7.3. Israel: Fibrate Drugs Market, by Product Type, 2019-2032 (USD Billion)
- 9.6.7.4. Israel: Fibrate Drugs Market, by Form, 2019-2032 (USD Billion)
- 9.6.8. Fibrate Drugs Market - UAE
- 9.6.8.1. UAE: Fibrate Drugs Market, by Drug, 2019-2032 (USD Billion)
- 9.6.8.2. UAE: Fibrate Drugs Market, by Distribution Channel, 2019-2032 (USD Billion)
- 9.6.8.3. UAE: Fibrate Drugs Market, by Product Type, 2019-2032 (USD Billion)
- 9.6.8.4. UAE: Fibrate Drugs Market, by Form, 2019-2032 (USD Billion)
- 9.7. Fibrate Drugs Market - Latin America
- 9.7.1. Latin America: Fibrate Drugs Market, by Drug, 2019-2032 (USD Billion)
- 9.7.2. Latin America: Fibrate Drugs Market, by Distribution Channel, 2019-2032 (USD Billion)
- 9.7.3. Latin America: Fibrate Drugs Market, by Product Type, 2019-2032 (USD Billion)
- 9.7.4. Latin America: Fibrate Drugs Market, by Form, 2019-2032 (USD Billion)
- 9.7.5. Fibrate Drugs Market - Mexico
- 9.7.5.1. Mexico: Fibrate Drugs Market, by Drug, 2019-2032 (USD Billion)
- 9.7.5.2. Mexico: Fibrate Drugs Market, by Distribution Channel, 2019-2032 (USD Billion)
- 9.7.5.3. Mexico: Fibrate Drugs Market, by Product Type, 2019-2032 (USD Billion)
- 9.7.5.4. Mexico: Fibrate Drugs Market, by Form, 2019-2032 (USD Billion)
- 9.7.6. Fibrate Drugs Market - Brazil
- 9.7.6.1. Brazil: Fibrate Drugs Market, by Drug, 2019-2032 (USD Billion)
- 9.7.6.2. Brazil: Fibrate Drugs Market, by Distribution Channel, 2019-2032 (USD Billion)
- 9.7.6.3. Brazil: Fibrate Drugs Market, by Product Type, 2019-2032 (USD Billion)
- 9.7.6.4. Brazil: Fibrate Drugs Market, by Form, 2019-2032 (USD Billion)
- 9.7.7. Fibrate Drugs Market - Argentina
- 9.7.7.1. Argentina: Fibrate Drugs Market, by Drug, 2019-2032 (USD Billion)
- 9.7.7.2. Argentina: Fibrate Drugs Market, by Distribution Channel, 2019-2032 (USD Billion)
- 9.7.7.3. Argentina: Fibrate Drugs Market, by Product Type, 2019-2032 (USD Billion)
- 9.7.7.4. Argentina: Fibrate Drugs Market, by Form, 2019-2032 (USD Billion)
10. Competitive Landscape
- 10.1. Expansion and Acquisition Analysis
- 10.1.1. Expansion
- 10.1.2. Acquisitions
- 10.2. Partnerships/Collaborations/Agreements/Exhibitions
11. Company Profiles
- 11.1. AbbVie Inc.
- 11.1.1. Company Overview
- 11.1.2. Financial Performance
- 11.1.3. Product Benchmarking
- 11.1.4. Recent Development
- 11.2. Ajanta Pharma Inc
- 11.2.1. Company Overview
- 11.2.2. Financial Performance
- 11.2.3. Product Benchmarking
- 11.2.4. Recent Development
- 11.3. ANI Pharmaceuticals, Inc
- 11.3.1. Company Overview
- 11.3.2. Financial Performance
- 11.3.3. Product Benchmarking
- 11.3.4. Recent Development
- 11.4. Aurobindo Pharma
- 11.4.1. Company Overview
- 11.4.2. Financial Performance
- 11.4.3. Product Benchmarking
- 11.4.4. Recent Development
- 11.5. Cipla
- 11.5.1. Company Overview
- 11.5.2. Financial Performance
- 11.5.3. Product Benchmarking
- 11.5.4. Recent Development
- 11.6. Lupin Pharmaceuticals, Inc.
- 11.6.1. Company Overview
- 11.6.2. Financial Performance
- 11.6.3. Product Benchmarking
- 11.6.4. Recent Development
- 11.7. Sun Pharmaceutical Industries Ltd.
- 11.7.1. Company Overview
- 11.7.2. Financial Performance
- 11.7.3. Product Benchmarking
- 11.7.4. Recent Development
- 11.8. Viatris Inc.
- 11.8.1. Company Overview
- 11.8.2. Financial Performance
- 11.8.3. Product Benchmarking
- 11.8.4. Recent Development
- 11.9. Zydus Group
- 11.9.1. Company Overview
- 11.9.2. Financial Performance
- 11.9.3. Product Benchmarking
- 11.9.4. Recent Development