Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
---|---|---|---|
USD 16.21 Billion | USD 25.36 Billion | 5.1% | 2023 |
According to Zion Market Research, the global Osteoporosis Drugs Market was worth USD 16.21 Billion in 2023. The market is forecast to reach USD 25.36 Billion by 2032, growing at a compound annual growth rate (CAGR) of 5.1% during the forecast period 2024-2032.
The report offers a comprehensive analysis of the market, highlighting the factors that will determine growth, potential challenges, and opportunities that could emerge in the Osteoporosis Drugs Market industry over the next decade.
The rampant increase in the elderly population alongside changing lifestyles impacting bone health is anticipated to support the expansion of the osteoporosis drugs market over the years ahead. Aside from this, growing incidences of osteoporosis witnessed in post-menopausal women are probably going to amplify the osteoporosis drugs market expansion within the near future.
Seemingly, various complications & side-effects like nausea, irritable bowel syndrome, stomach ulcers, and heartburn are witnessed within the patients after consumption of osteoporosis drugs. These side-effects are predicted to restrain the industry expansion over the forthcoming years. Nevertheless, the persistent focus of industry players on developing new drugs which will help in minimizing the side-effects and high investments in R&D activities concerning new drug discovery are likely to make new growth opportunities for the osteoporosis drugs market, thereby normalizing the impact of hindrances on the osteoporosis drugs market
Osteoporosis is a bone disease, which may be due to lower than normal peak bone mass and greater than the normal bone loss. Osteoporosis may also occur due to a number of diseases or treatments such as anorexia, hyperthyroidism, alcoholism, surgical removal of the ovaries, and kidney disease. As a result, bones become weak and may break from a fall or, in serious cases, from sneezing or minor bumps. Until a broken bone occurs there are typically no symptoms. Osteoporosis drugs are a kind of medicine for osteoporosis, including Zoledronic Acid (Reclast or Zometa) Fosamax, Actonel, Boniva and others.
The global Osteoporosis Drugs Market is propelled owing to the increase in the obese and geriatric population since these individuals are more apt to numerous persistent diseases. So, the obese and geriatric population needs care with security and ease. Also, the market is essentially driven by a big rise in the prevalence of this disorder globally. This unprecedented rise within the prevalence resulted in the high demand for drugs in prophylaxis and treatment of osteoporosis thus widening the expansion potential over the approaching years. Moreover, the geriatric population possessing high susceptibility for osteoporosis is further presumed to propel the high demand.
The major driving factor for the global osteoporosis market is rapidly growing the geriatric population of the world coupled with changing lifestyle is impinging bone health. Furthermore, increasing the prevalence of osteoporosis in postmenopausal women and increasing investment in drug discovery and development is further expected to fuel the market growth in the years to come. Prevalence of osteoporosis is more common with age. Around 15% of white people in their 50s and 70% of those over 80 are affected by osteoporosis diseases. However, there are several side effects of osteoporosis drugs such as irritable bowel syndrome, heartburn, nausea, and ulcers in the stomach. Thus, side effects of osteoporosis drugs are expected to hamper the market growth over the next few years. Nevertheless, increasing investment in R&D for advanced development of new drugs and classes are expected open up new growth avenues within the forecast period.
Report Attributes | Report Details |
---|---|
Report Name | Osteoporosis Drugs Market |
Market Size in 2023 | USD 16.21 Billion |
Market Forecast in 2032 | USD 25.36 Billion |
Growth Rate | CAGR of 5.1% |
Number of Pages | 140 |
Key Companies Covered | Novartis International AG, Eli Lilly Amgen Inc., Forteo, Novo Nordisk A/S., F. Hoffmann La Roche Ltd., and Company, Merck & Co, Inc., Actavis plc, Pfizer, Inc, and Teva Pharmaceutical Industries Ltd |
Segments Covered | By Drug Class, By Gender and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2023 |
Historical Year | 2018 to 2022 |
Forecast Year | 2024 - 2032 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
Based on drug class the market is segmented into bisphosphonates, calcitonin, rank ligand inhibitors, parathyroid hormone therapy (PTH) and selective estrogen receptor modulators (SERMs). Key gender market covered under this study includes male and female.
Rank ligand inhibitors are expected to grow at a lucrative CAGR during the forecast period. The high growth potential attained may be a consequence of positive patient outcomes related to rank ligand inhibitors. The positive patient outcomes are often attributed to significant improvements in bone metabolism. Rank ligand inhibitors also can be utilized in conjunction with other drugs to impart a synergistic effect in the overall treatment regime. The aforementioned factor is additionally predicted to be one of the key factors responsible to present lucrative opportunities. Other benefits concerning rank ligand Inhibitors like reduced cell bone turnover and increased bone mineral density, thereby implicating high demand.
The osteoporosis drugs market is segmented on the basis of different drug classes such as bisphosphonates, calcitonin, rank ligand inhibitors, parathyroid hormone therapy (PTH) and selective estrogen receptor modulators (SERMs). Osteoporosis drugs market was dominated by the bisphosphonates segment, which accounted for significant revenue share in 2015. Bisphosphonates are commonly prescribed the drug for treatment and prevention of osteoporosis disease. Thus, this segment is expected to show strong growth in the near future. Tele-monitoring is another growing segment of this market. Parathyroid hormone therapy (PTH) was another growing segment of this market. Parathyroid hormone therapy (PTH) was another key segment and it expected to witness significant growth in the near future. Development of new drug classes such as PTH and RANK ligand inhibitors are projected to fuel the growth of osteoporosis drug market over the forecast period. Pipeline products such as odanacatib (cathepsin K inhibitor) and romosozumab are awaiting the approval and may contribute to driving the market growth in the years to come.
Based on gender, the market can be segmented into male and female. Osteoporosis is more common in female than male. The female segment accounted for the largest share in 2015. Increasing the prevalence of osteoporosis in postmenopausal women is driving the growth of the market. There are wide discrepancies between the incidence rate in women and men. Moreover, about 90% of the hip fractures occur in people over 50 years old.
North America was the largest regional market led by the U.S. and is projected to witness the highest growth within the forecast period owing to high investments in the healthcare industry, surging R&D initiatives and accessibility to the excellent infrastructure. Asia Pacific osteoporosis drugs market is expected to be the fastest-growing region in the years to come. Growth in this region will be mainly driven by factors such as rising aged population and increasing patient’s awareness pertaining to bone health. Latin America and the Middle East & Africa are also expected to experience significant growth of osteoporosis market in the years to come.
Regionally, North America has been leading the worldwide osteoporosis drugs market and is anticipated to continue on the dominant position within the years to return, states the market study. The presence of a well-established medical and healthcare infrastructure also as a drug delivery system is that the main factor behind the dominance of the North America osteoporosis drugs market. Additionally, sizable investments within the healthcare activities and favorable R&D policies of the govt towards the osteoporosis drug applications will further augment the osteoporosis drugs market growth.
The major players that are comprised in Osteoporosis Drugs Market are-
By Drug Class
By Gender
FrequentlyAsked Questions
Osteoporosis Drugs Market size is set to expand from $ 16.21 Billion in 2023
Osteoporosis Drugs Market size is set to expand from $ 16.21 Billion in 2023 to $ 25.36 Billion by 2032, with an anticipated CAGR of around 5.1% from 2024 to 2032.
Factors such as an unprecedented rise in the disease resulted in the high demand for drugs in prophylaxis and treatment of osteoporosis thus widening the growth potential over the coming years. Moreover, the geriatric population possessing high susceptibility for osteoporosis is further presumed to propel the high demand.
North America in 2020 ruled the Osteoporosis Drugs Market and was believed to be the highest income-generating area all over the globe.
The major players that are comprised in Osteoporosis Drugs Market are Novartis International AG, Eli Lilly Amgen Inc., Forteo, Novo Nordisk A/S., F. Hoffmann La Roche Ltd., and Company, Merck & Co, Inc., Actavis plc, Pfizer, Inc, and Teva Pharmaceutical Industries Ltd.
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