Osteoporosis is a high-risk condition for fractures in men, postmenopausal women, and older people. Those suffering primarily from osteoporosis suffer fractures of the bones, hips, arms, spine, and wrists. Thus, metabolic disorders that reduce bone mineral density are described as metabolic disorders. Thus, increasing prevalence of osteoporosis drives the market growth of osteoporosis drugs. Osteoporosis is mainly seen in women.
In addition, some other factors that increase the risk of developing osteoporosis include arthritis, family history of osteoporosis, long-term use of medications that affect bone strength or intake of steroids etc. Increased healthcare costs of drug discovery and drug development and increased awareness of the drugs available for treatment of osteoporosis growth in There are important influencing factors.
Leading players involved in the Keyword Market include
Amgen Inc. (U.S.),Eli Lilly and Company (U.S.),Merck & Co., Inc. (U.S.),Novartis International AG (Switzerland),GlaxoSmithKline plc (U.K.),F. Hoffmann-La Roche Ltd (Switzerland),Pfizer Inc. (U.S.),Teva Pharmaceutical Industries Ltd (Israel),Actavis (now part of Teva) (United States),Radius Health, Inc. (U.S.),Johnson & Johnson (U.S.),Amgen Australia Pty Ltd (Australia),Astellas Pharma Inc. (Japan),UCB S.A. (Belgium),Sun Pharmaceutical Industries Ltd (India),Cadila Healthcare Ltd (India),Torrent Pharmaceuticals Ltd (India),Strides Pharma Science Limited (India),Cipla Limited (India),Dr. Reddy's Laboratories Ltd (India) and Other Major Players.
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Market Limitation- Increased side effects and risks of osteoporosis drugs are also restraining the growth of the market
Despite market growth over the years due to rising osteoporosis condition, increased health awareness, increased women health care, innovative products introduced by manufacturers to consolidate market share are certain factors inhibiting the growth of the market during the forecast period. Factors such as pharmaceutical license expiration, pharmaceutical side effects hinder the growth due to increasing risk Also, side effects of antibiotics, lack of clear evidence that factors a manufacturing effectiveness hinders the market growth Furthermore, stringent regulations hinder the market, delay in FDA approvals, product recalls, and other similar factors can also hamper the market growth
The Report Will Include A Major Chapter
By Drug Class
- Bisphosphonates
- Parathyroid Hormone Therapy
- Rank Ligand Inhibitors
By Route of Administration
- Oral
- Injectable
By Distribution Channel
- Hospitals Pharmacies
- Retail Pharmacies & Stores
- Online Pharmacies
The Osteoporosis therapy segment is expected to exhibit the highest CAGR during the forecast period, owing to the prevalence of growth hormone deficiency in key countries, increased demand from therapeutic industry in 1999, due to its safety and efficacy compared to its low risk. Also, parathyroid hormone helps to stimulate new bone formation cells so it is widely used for many rheumatoid arthritis patients Apart from this, manufacturers also offer biosimilars of forteo for the treatment of osteoporosis which is expected to provide market growth has accelerated during the forecast period. Furthermore, the launch of new SERM and RANKL drug group products, such as prolia, evenity, and arzofiene for increasing bone mineral density are also driving the market growth.
By Region
- North America (U.S., Canada, Mexico)
- Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
- Western Europe (Germany, UK, France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
- Asia Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New Zealand, Rest of APAC)
- Middle East & Africa (Turkey, Bahrain, Kuwait, Saudi Arabia, Qatar, UAE, Israel, South Africa)
- South America (Brazil, Argentina, Rest of SA)
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MARKETING CONDITIONS - A growing number of clinical trials and better diagnostic solutions have dominated the market
Advancement in new drug development, growing awareness regarding osteoporosis conditions and medical research are factors driving the market This, along with developing countries with more focus as increasing the unmet need for treatment of osteoporosis continues to drive specialist players to introduce new products. For example, companies are focusing on providing osteoporosis treatments. Patient compliance is poor for the silent progression of the disease, which causes bone loss over many years. Therefore, manufacturers are focusing on the development of transdermal drugs for osteoarthritis. Teijin Pharma, for example, is developing a transdermal drug called abaloparatide that is in phase II trials. Along with this, Zosano Pharma’s is developing a microneedle patch to deliver teriparatide. The introduction of such innovations is therefore expected to push a new delivery strategy with increased dose reduction along with improved orthopedic treatment.
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