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
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.
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.
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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