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Osteoporosis growth rates are going up because more people are getting older. This has a huge impact on the market for drugs that treat osteoporosis. As people age, they are more likely to break bones because of osteoporosis. This makes more osteoporosis drugs necessary and affects the market's growth.
Public information efforts and bone health screening projects are important in shaping the osteoporosis drugs market. Educating people about osteoporosis risk factors, how to avoid getting it, and how to find it early all helps with evaluation and treatment, which changes market trends.
One important market issue is the use of hormone replacement treatment to treat osteoporosis. Including estrogen and calcitonin in hormone medicines helps keep bone density in check and is one of the treatment choices that affects market preferences.
The amount of patient education and knowledge about osteoporosis, lifestyle change, and protective steps is a vital market driver. Patient education programs that teach patients about food, exercise, and living choices help make osteoporosis medicines more acceptable and popular.
There are a lot of drug companies that make osteoporosis drugs, so the market is very competitive. There are different levels of pharmaceutical companies in the osteoporosis drugs market. These levels depend on things like how well the drugs work, how safe they are, and how much of the market they have.
One important thing is how simple it is for older people and people who live in long-term care homes to get osteoporosis medicines. Making osteoporosis medicines easier to get and cheaper in places that serve an older population improves patient care and changes the way the market works.
With the rise of telehealth and distant consults, prescribing and keeping an eye on osteoporosis medicines is changing. Remote healthcare services make it easier for people to get their medications, especially older people, which changes what the market wants.
The market changes a lot when drug companies, rheumatologists, and endocrinologists work together. Collaborations may help make osteoporosis medicines that work better for each patient, better ways to treat the disease, and other improvements in osteoporosis medicines.
Covered Aspects:
| Report Attribute/Metric | Details |
|---|---|
| Growth Rate | 聽聽2022-2032: 3.5%聽聽Base Year聽聽2023聽聽Forecast Period聽聽2032聽聽Historical Data聽聽2018聽聽Forecast Units聽聽Value (USD Million聽聽Report Coverage聽聽Revenue Forecast, Competitive Landscape, Growth Factors, and Trends聽聽Segments Covered聽聽Drug Class, Route of Administration, Gender聽聽Geographies Covered聽聽North America, Europe, Asia-Pacific, and Rest of the World (RoW)聽聽Key Vendors聽聽Eli Lilly and Company, Merck & Co., Novartis International AG, Amgen Inc., F. Hoffmann La Roche Ltd., Pfizer Inc., Novo Nordisk, Teva Pharmaceutical Industries Ltd聽聽Key Market Opportunities聽聽Research and developments聽聽Key Market Drivers路聽 Rise in the geriatric population路聽 Increased screening路聽 Drug induced osteoporosis路聽 Increased awareness and focus towards female health路聽 Rising prevalence of diseases聽 |
Osteoporosis Drugs Market Highlights:
Osteoporosis Drugs Market Overview
Osteoporosis Drugs Market Size was valued at USD 16.32 Billion in 2023. The Global Osteoporosis Drugs industry is projected to grow from USD 17.25 Billion in 2024 to USD 24.08 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 3.78% during the forecast period (2024 - 2032). Osteoporosis is a medical problem that causes low bone density. The low quality of bones and porous bones are common in this condition. In some cases, it can cause more pain and fractures in humans. The production of parathyroid hormones is high in osteoporosis patients. The health of the patients can gradually worsen without proper medication. The prevalence of osteoporosis is increasing the demand for the osteoporosis drugs market.
Bisphosphonates, parathyroid therapy, RANK and calcitonin are drugs available for osteoporosis. Oral administration and injections are available for the osteoporosis condition. The therapeutic benefits of osteoporosis drugs are plenty. It can help the patient to control the condition. Also, it can improve the bone condition. Positive results of the osteoporosis drugs create an exceptional demand for the osteoporosis drugs market. The osteoporosis drug market is expected to witness tremendous developments in the forecast period. Faster adoption of the osteoporosis drug is leading to more growth opportunities for the market. The rise in the osteoporosis condition will improve the market operations and production.
Covid analysis
Covid 19 is creating damaging effects on many global industries. In the medical sector, only essential treatments have high demand. The pandemic is reducing the demand for the osteoporosis drugs market. The osteoporosis’s patients are delaying their treatment due to covid 19. Due to lockdowns and restrictions, the number of patients visiting hospitals for other treatment is declining. The supply chain of osteoporosis drugs disrupted during this period.
The cases of osteoporosis in hospitals have considerably decreased in hospitals. These factors decline the overall demand of the osteoporosis drugs market. However, the market is under extensive research. There is expected to be more drug developments post covid 19. Innovation, the launch of new products and effective drugs is possible in this market. The market is expected to surge once the lockdowns and restrictions in hospitals reduce. The regions such as North America are allocating massive investments for the osteoporosis drugs market in this period. These investments will enhance the medical and drugs standards of the osteoporosis drugs market. Also, the revenue rate is expected to rise significantly in the upcoming years.
The F.D.A. approved Wyost/Jubbonti, the first biosimilar to reference Xgeva/Prolia (denosumab) in the U.S., in March 2024.1 The two drugs may be used to cure or prevent osteoporosis and hypercalcemia as well as avoid skeletal-related events triggered by bone metastases from solid tumors. In February 2023, Sandoz filed a biologics license application for Wyost/Jubbonti with the F.D.A. Moreover, denosumab biosimilars have not yet been approved for use in European Union countries. This happened immediately after Canada authorized these same products last month.
Teriparatide Injection by Apotex Corp is now available in the United States as a single-patient-use pre-filled pen for osteoporosis treatment. It is called Teriparatide Injection and has a concentration of 250 mcg/mL, which means each pen provides twenty-eight 20 mcg doses per day to one patient only. The global operation of this company is led by Apotex Corp., whose headquarters are also located in Weston, Florida. In terms of generic pharmaceuticals and biosimilars, they stand among the world’s best with their affordable, highly effective drugs in all major therapeutic areas.
Fujitsu Limited and iSurgery Co., Ltd have announced their field-trial plan called “bone health promotion project” from October 2023 to March 2025 together with Jikei University School of Medicine Department of Orthopedic Surgery to find out if chest x-rays can be used for bone assessment purposefully and whether Fujitsu staff will then change their attitude to health or their physical exercise.“Bone assessments conducted via chest radiographs” marks the first time Japanese companies started focusing on improvement of their workers’ health in this regard during their check-ups.
Teva Pharmaceuticals Inc., an affiliate company based in the U.S. under Teva Pharmaceutical Industries Ltd. (NYSE and TASE: TEVA), announced today that it received approval for a generic version of Forteo®1 for use in America. Therefore, it should be on sale in the U.S.A. within several weeks’ time. However, only F.D.A. has cleared off a few out of approximately five hundred generics, including Forteo®1 generics. They have over one hundred first-to-file applications lodged with them in the U.S.A., making them outperform other multinational pharmaceutical companies in terms of number one ranking. Among all low-cost generic prescriptions written within the U.S., every twelfth prescription was filled with a product from the Teva generics.
Osteoporosis Drugs Market Trends
- Crucial market drivers
- Market growth opportunities
The growth potential for osteoporosis drugs is higher in emerging markets. The developing economies do not have standard treatment or drugs for a specific illness. There is variation in drugs available for a condition. More penetration of osteoporosis drugs in developing economies will lead to a higher rate of adoption. Emerging markets will lead osteoporosis drugs market growth opportunities. The awareness about osteoporosis is high among the developed markets. However, in many regions, the awareness about this condition is less.
With increased awareness, the demand for drugs will increase immensely. In the forecast period, market expansion strategies are crucial for the key players. Promising growth opportunities are waiting in the emerging market. The growth of the osteoporosis drugs market in such regions will lead to plenty of developments. The entry of new key players will lead to innovation and product variation. Also, these factors will attract new end users to the market.
- The market restraints
Side effects of osteoporosis drugs are a major market restraint. Like any other drug, osteoporosis will lead to common side effects. It is the primary concern and limitation of the drug market. In some cases, the stomach may not respond properly to the osteoporosis drugs. Stomach burn and heartburn are some of the side effects that hamper osteoporosis drugs market growth.
With proper tips from clinicians and diet, these effects are manageable. There are types of osteoporosis drugs on the market. More than the risks the benefits of the medication are more. Choosing the right drugs can lead to fewer side effects. However, these side effects create hesitation among patients. As per osteoporosis drugs market report, this can affect the demand trend of the market.
- The market challenges
Most of the clinical drugs have delayed approval from the health sector and government. The stringent regulatory norms and compliance standards to get drugs approval is a significant challenge. These challenges delay the supply process and slow down the production of the osteoporosis drugs market. The osteoporosis drugs research is expensive.
After new drug development, the late approval affects the demand and exposure of the new product. Also, the poor efficacy of the drug is another challenge of the market. The osteoporosis drugs may not immediately cure the bone problem. It acts gradually by strengthening the weak bone of the patient. Due to this, osteoporosis drugs are considered less efficient. These market challenges can hinder the overall growth rate of the osteoporosis drugs market.
- Cumulative growth analysis
The growth trend of the osteoporosis treatment market remains stable in the forecast period. The rise in the geriatric population propels the overall demand for the osteoporosis drugs market. Also, the low one density issues in the female population in yet another crucial driver. The application segments of the osteoporosis drugs market lead to more profitability.
The wide range of applications attracts plenty of end-users. The growth possibilities for osteoporosis drugs are high in emerging economies. The expansion of the market in this region will create plenty of growth opportunities. Side effects of the drug and poor efficacy are considered a major challenge. Overall the growth analysis of the market shows a positive outcome.
- The value chain analysis
North America is accountable for major osteoporosis drugs market shareholdings. This positive growth trend in the market will continue in the forecast period. Access to osteoporosis drugs is high in this region.
The prevalence of bone problems is high in this region. A sedimentary lifestyle of individuals is leading to more osteoporosis cases. Due to this, the growth rate is immense in the forecast period. The presence of top market players will result in plenty of market improvements. New drug launches and innovations will create more growth possibilities.
Osteoporosis Drugs Market Segmentation
Osteoporosis Drugs drug class Insights
- Rank Ligand Inhibitors
- Bisphosphonates
- Calcitonin
- Parathyroid Hormone Therapy
- Selective Estrogen Inhibitors
Osteoporosis Drugs route administration Insights
- Injectable
- Oral
- Others
Osteoporosis Drugs region Insights
- Asia pacific
- North America
- Europe
- Latin America
Competitive landscape
The global osteoporosis drugs market is immensely competitive. The key players are taking plenty of steps to maximize their shares. The product launch, collaboration, partnership and acquisition are key strategies of the competitive landscape. Innovative drugs developments are happening in the competitive landscape. Also, the market expansion is going to be tremendous during the forecast period.
Regional analysis
The osteoporosis drugs market is fragmented into Asia Pacific, Europe, and North America. North America will dominate the market with the highest demand rate. The prevalence of osteoporosis contributes to the high market growth. The Asia Pacific is the next largest market with the highest growth rate.
The pharmaceutical industry in this region is gaining more traction in the forecast period. Evolving industry such as Malaysia, China and India are growing at an exponential rate. Europe has moderate demand with a high expansion rate. The penetration of osteoporosis drugs is massive in Europe. Further, the expansion of osteoporosis will increase in Latin America and other regions.
The key players of the osteoporosis drugs market
- Teva Pharmaceutical Industries Ltd
- Eli Lilly and Company
- GlaxoSmithKline plc
- Merck & Co, Inc.
- Pfizer, Inc.
- Amgen, Inc.
- Novartis AG
- Novo Nordisk A/S
- Teva Pharmaceutical Industries Ltd
- Actavis plc
Recent developments
- The number of osteoporosis drugs launch in Latin America is high in the forecast period.
- The key players of osteoporosis are launching new innovative drugs that are effective with fewer side effects.
Report overview
- Market overview highlights
- Analysis based upon COVID 19
- Explanation upon the Market Dynamics
- Value chain analysis
- Market segmentation overview
- The regional analysis
- Competitive landscape analysis
- Recent Developments
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