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What is the Predicted CAGR for the Praluent Market Over the Forecast Period of 2025 to 2034?

Recent years have witnessed the Praluent market size expanding at an XX (HCAGR). This growth rate is projected to take the market size from a substantial $XX million in 2024 to a resounding $XX million in 2025, showing a compound annual growth rate (CAGR) of XX%. The historic growth can be traced back to the rising aged population, amplified expenditures on cholesterol control medicines, heightened healthcare consciousness, increasing demand for advanced hypercholesterolemia treatments, along with a surge in cases of hypercholesterolemia and global cardiovascular diseases.

Anticipations for the praluent market size point to a compound annual growth rate (CAGR) of XX% in the ensuing years, elevating its worth to $XX million by 2029. Several factors contribute to the predicted expansion during this period including the escalating rates of cardiovascular maladies, augmented consciousness regarding the management of hyperlipidemia, heightened demand for effective treatments to lower cholesterol levels, widening application of PCSK9 inhibitors, an upsurge in acceptance of personalized medicine, and amplified healthcare investments. The forecast period is also expected to witness significant trends such as the evolution of high-dose formulations, progression in drug delivery appliances, amalgamation with digital health technologies for remote tracking, advancements in biotechnology, and the implementation of personalized medicine.

What Factors Are Propelling the Growth of the Praluent Market from 2025 to 2034?

The praluent market is expected to expand due to the increasing incidences of cardiovascular diseases. These are a collection of disorders that affect the heart and blood vessels and include coronary artery disease, heart attacks, and strokes. The surge in these diseases primarily stems from the rise in unhealthy lifestyles such as poor nutrition, lack of exercise, and higher usage of tobacco and alcohol. Praluent plays a critical role in managing cardiovascular diseases as it reduces LDL cholesterol levels through PCSK9 inhibition, thereby reducing heart attack and stroke risks. For example, the Office for National Statistics, a UK government department, reported that 3.6 million people (6.4%) had a cardiovascular condition while 3.7 million (6.8%) suffered from respiratory diseases in December 2022. Additionally, 6.6 million people (12.1%) had one of these diseases in March 2021. Hence, the increase in cardiovascular diseases is propelling the praluent market’s growth.

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Who Are the Top Companies Driving Innovation and Growth in the Praluent Market?

Major companies operating in the praluent market are Sanofi S.A.; Regeneron Pharmaceuticals Inc.

What Key Trends Are Currently Impacting the Praluent Market’s Development?

One key trend in the praluent market is geared towards the creation of pioneering solutions, like therapies that lower low-density lipoprotein cholesterol (LDL-C), to improve and escalate the accuracy and effectiveness of patient healthcare. LDL-C lowering therapies are medical interventions aimed at decreasing the amount of LDL cholesterol, typically referred to as ‘bad cholesterol,’ in the bloodstream, thereby diminishing the probability of heart-related conditions such as heart attacks and strokes. As an illustration, in March 2024, Regeneron Pharmaceuticals Inc., an American biotechnology firm, was granted approval by the U.S. Food and Drug Administration (FDA) to broaden the use of its praluent (alirocumab) injection to treat children with genetically high cholesterol. This authorization has expanded to incorporate its application along with diet and other LDL-C-reducing therapies for pediatric patients aged 8 years and above who suffer from heterozygous familial hypercholesterolemia (HeFH). This method specifically caters to the requirements of children and decreases cardiovascular threats in young patients.

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Which Segments Play a Crucial Role in the Expansion of the Praluent Market?

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

Which Geographical Regions Are Pioneering Growth in the Praluent Market?

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.

How Do Experts Define the Scope of the Praluent Market?

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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