Anti-Osteoporosis Therapy and Fracture Healing Market Emerging Key Players, Growth Analysis And Precise Outlook 2021 | FMI Report with Expert Review
Osteoporosis is a condition in which an individual starts losing his or her bone mass density. The condition increases the risk of bone cracks and fractures. There are several therapeutic options including oral drugs and injectable available for the treatment of osteoporosis. According to Future Market Insights (FMI), the anti-osteoporosis therapy and fracture healing market will register continued growth between 2020 and 2030. By the end of 2021, it is expected to surpass US$ 12 Bn.
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Growing Geriatric Population to Augur Adoption
Rising prevalence of osteoporosis is considered to be an important factor driving the global market, as the growing number of patients will also increase the demand for drugs and therapy. Furthermore, due to the absence of any substitutes such as surgery, demand for osteoporosis drugs is increasing constantly. According to the International Osteoporosis Foundation, almost 50% of the global bone fracture incidences would occur in the Asia Pacific region by 2050 end. A high occurrence and incidence rate of the disease is considered an important driver for the market. Furthermore, rising geriatric population is considered to be an important factor for the growth of the market in the coming years, although patent expiries of leading brands would considerably slow down the growth rate.
Bisphosphonates to Lead Among Drug Types
The global anti-osteoporosis therapy and fracture healing market has been segmented on the basis of drug type into bisphosphonates, calcitonin, estrogen or hormone replacement therapy, biologics, and anabolics. Among these, bisphosphonates is expected to emerge dominant by the end of 2026 with a valuation of around US$ 5,941 Mn in the same year.
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Preview Analysis on Anti-Osteoporosis Therapy and Fracture Healing Market Segmentation By Drug Type – Bisphosphonates, Calcitonin, Estrogen or Hormone Replacement Therapy, Biologics, Anabolics; By Route of Administration Type – Oral,Injectable; By Distribution Channel Type – Hospital Pharmacies, Private Clinics, Drug Stores, Retail Pharmacies, E-Commerce
Companies to Fight for Patent Rights
Leading companies in the market are competing against each other to gain patent rights on the different novel drugs that are being introduced in the market. This is further expected to intensify competition in the global market in the long run. Some of the companies operating in the global anti-osteoporosis therapy and fracture healing market are Novartis, Johnson and Johnson, GlaxoSmithKline PLC, Roche, Pfizer, MERCK, and AMGEN, among others.
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