Fact.MR – A Market Research and Competitive Intelligence Provider: The global osteoporosis remedies market stood at US$ 12.7 Billion in 2022 and is expected to reach US$ 14.2 Billion by the end of 2026.
North America Expected to Account for Highest Osteoporosis Therapeutics Demand
Growing Awareness of Osteoporosis, Increasing Geriatric Population, and Rapid Development of Novel Treatments to Offer Osteoporosis Remedies Market US$ 14.2 Billion Market Opportunity in 2026
Fact.MR – A Market Research and Competitive Intelligence Provider: The global osteoporosis remedies market stood at US$ 12.7 Billion in 2022 and is expected to reach US$ 14.2 Billion by the end of 2026. The market is anticipated to grow at a CAGR of 2.9% in the forecast period from 2022 to 2026.
Surge in aging population across the globe has widened the growth opportunities for healthcare industry. Osteoporosis is a commonly found disease in the geriatric population and rise in geriatric population ultimately boosts the growth of osteoporosis remedies market.
Due to Covid-19 spread in 2020, focus changed in the healthcare industry and this ultimately led to a downfall in the osteoporosis remedies market growth. Lack of healthcare resources and lack of attention slowed down the growth in the market but now sales are picking up in the post-pandemic era.
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North America is expected to be a rewarding market for osteoporosis remedies segment due to increasing sedantic lifestyle, high healthcare spending potential.
Besides this, osteoporosis drug manufacturers are investing in research and development of novel drugs. Osteoporosis treatment injections are gaining traction and manufacturers are focusing on launch of these injections to boost their reveneue generation in the global market.
Key Takeaways:
- The U.S. accounts for the maximum share of 41% in the global osteoporosis remedies industry landscape.
- In China, osteoporosis remedies consumption is projected to rise at a CAGR of 5.4% from 2022 to 2026.
- Oral route of administration of Osteoporosis drugs is expected to hold maximum market share. However, injectable segment is projected to witness highest growth in sales over the forecast period.
Growth Drivers:
- Rise in awareness of osteoporosis is expected to drive demand for osteoporosis remedies across the globe. Moreover, increased attention on preventative healthcare will also boost the growth of the market.
- Developed health infrastructure in regions such as US & Europe will provide attractive opportunities for the market. High healthcare spending that includes high spending on research and development is another factor that influence osteoporosis remedies market potential in this region.
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Restraints:
- Long approval times by regulatory authorities impede the growth of osteoporosis remedies sales. The time taken for approval is long and delays launch of treatments in the market.
- In addition to this, the lack of diagnostic equipment for osteoporosis treatment is expected to hinder the growth during forecast period.
- Lack of attention and lack of healthcare resources during Covid-19 pandemic acted as a restraint to growth of osteoporosis remedies market.
Competitive Landscape:
Key players in osteoporosis remedies market are increasing their investments in research and development. These companies are focused on the development of novel drugs to fast-track product launch. For instance:
- In April 2022, Nano-X Imaging Ltd., medical imaging technology company announced that its deep-learning medical imaging subsidiary received clearance from FDA for its device, HealthOST, an AI-enabled device that provides analysis of the spine computed tomography to evaluate assessment of osteoporosis.
- In 2021, Entera Bio, a leading biotechnology company, published news about its oral osteoporosis drug formulation trial. This trial is in its mid-stage.
Also, key players in the market are also focusing on inorganic strategies such as acquisitions, which is expected to boost the market growth during forecast period. For instance:
- In August 2020, Ligand Pharmaceuticals Inc., a biopharmaceutical company that announced the acquisition of Pfenex, osteoporosis drug developer. Teriparatide injection is the lead product offered by Pfenex and this injection has aleady been commercialized in the US.
Key Companies Profiled by Fact.MR
- Allergan Plc.
- Amgen Inc.
- Chugai Pharmaceutical
- Daiichi Sankyo Co. Ltd.
- Egalet Corporation
- Eisai Co. Ltd.
- Eli Lilly and Company
- F. Hoffmann-La Roche Ltd.
More Valuable Insights on Osteoporosis Remedies Market
In its recent study, Fact.MR reveals factors influencing the growth in the global Osteoporois Remedies Market during the assessment period. The study also offers compelling insights into prominent drivers creating growth opportunities in the Osteoporois Remedies Market through detailed segmentation as follows:
By Drug Class:
- Bisphosphonates
- Selective Estrogen Inhibitor Modulators (SERM)
- Parathyroid Hormone Therapies
- Calcitonin
- Rank Ligand Inhibitors
By Route of Administration :
- Oral Osteoporosis Therapeutics
- Injectable Osteoporosis Therapeutics
- Other Routes of Administration
By Region :
- North America
- Latin America
- Europe
- East Asia
- South Asia & Oceania
- MEA
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Key Questions Covered in the Osteoporosis Market Report
- What is the valuation for Osteoporois Remedies Market in 2021?
- At what CAGR did the Osteoporois Remedies Market thrive between 2015-2021?
- What is the projected valuation for Osteoporois Remedies Market by 2032?
- By component, which segment will have maximum gains during the forecast period?
- What is the projected growth perspective for the U.S. Osteoporois Remedies Market?
- What is the growth perspective for the Japan and Korea Osteoporois Remedies Market?
- What will be the market value of China in global Osteoporois Remedies Market?
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