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What Are the Projected Market Size and Growth Rates for the Praluent Market From 2025 To 2029?

The market size of praluent has witnessed a XX (HCAGR) enhancement lately. It is projected to prosper from $XX million in 2024 to $XX million in 2025, rising at a compound annual growth rate (CAGR) of XX%. Various factors such as the rise in the elderly population, enhanced expenditure on cholesterol management drugs, increased cognizance about health care, the growing requirement for refined treatments for hypercholesterolemia, and a global upsurge in hypercholesterolemia and cardiovascular ailments have been crucial contributors to the growth in this historical period.

In the coming years, the market size of Praluent is projected to experience an XX (FCAGR). By 2029, it is expected to expand to $XX million at a compound annual growth rate (CAGR) of XX%. The growth during the predicted period can be credited to an uptick in cardiovascular diseases, heightened awareness about the management of hyperlipidemia, an increased demand for effective treatments for reducing cholesterol, the growing application of PCSK9 inhibitors, a rise in the adoption of personalized medicine, and escalating investments in healthcare. The major trends observed during the forecast period incorporate the creation of higher-dose formulas, progress in drug delivery devices, combination with digital health technologies for remote monitoring, advancements in biotechnology, and increased uptake of personalized medicine.

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Which Major Market Drivers Are Expected to Boost the Growth Potential of the Praluent Market?

An increase in the occurrence of cardiovascular diseases is predicted to fuel the expansion of the praluent market. Cardiovascular diseases encompass a range of afflictions impacting the heart and blood vessels such as coronary artery disease, heart attacks, and strokes. The surge in cardiovascular diseases is largely due to the escalating unhealthy lifestyle patterns, including inadequate diet, lack of physical activity, and intensified tobacco and alcohol consumption. Praluent aids in the control of cardiovascular diseases by reducing LDL cholesterol levels through PCSK9 inhibition, thus decreasing the likelihood of heart attacks and strokes. For example, records from the Office for National Statistics, a governmental department in the UK, indicated that in December 2022, 3.6 million individuals were experiencing cardiovascular ailment (6.4%), 3.7 million were living with a respiratory disease (6.8%), and 6.6 million people (12.1%) had one of these illnesses in March 2021. Consequently, the escalation in the incidence of cardiovascular diseases accelerates the praluent market’s growth.

Which Key Market Segments Comprise the Praluent Market and Drive Its Revenue Growth?

The praluent market covered in this report is segmented –

1) By Indication: Primary Hypercholesterolemia; Mixed Dyslipidemia; Established Atherosclerotic Cardiovascular Disease (ASCVD)

2) By Distribution Channel: Hospitals And Clinics; Retail Pharmacies; Specialty Pharmacies

3) By End-User: Ambulatory Care; Home Care

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Which Areas Are Leading Regions in the Praluent Market Expansion Across the Globe?

North America was the largest region in the praluent market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the praluent market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

What Are the Key Market Trends in the Praluent Market Over the Coming Years?

A primary trend observable in the praluent market is the emphasis on developing progressive solutions, like therapies reducing low-density lipoprotein cholesterol (LDL-C), in a bid to augment and streamline patient care’s exactness and efficiency. LDL-C lowering therapies are medical interventions that aim to lower the levels of LDL cholesterol, often referred to as ‘bad cholesterol’, in the blood, reducing the likelihood of cardiovascular conditions such as strokes and heart attacks. For instance, Regeneron Pharmaceuticals Inc., a biotechnology company based in the US, gained an extension for praluent (alirocumab) use from the U.S. Food and Drug Administration (FDA) in March 2024, allowing it to treat children suffering from a genetic variant of high cholesterol. The permission now includes its use as an add-on to diet and additional LDL- C lowering treatments for pediatric patients as young as 8 with heterozygous familial hypercholesterolemia (HeFH). This particular strategy caters to the needs of children and decreases cardiovascular threats in younger patients.

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How Is the Praluent Market Conceptually Defined?

Praluent is a monoclonal antibody used to treat high cholesterol levels, specifically low-density lipoprotein (LDL) cholesterol, known as bad cholesterol. It is used for treating adults with primary hypercholesterolemia or mixed dyslipidemia and reducing cardiovascular risk in patients with established heart disease.

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