Osteoporosis Drugs Market, by Drug Class (Bisphosphonates, Selective Estrogen Inhibitors Modulator (SERM), Parathyroid Hormone Therapy, Calcitonin, Rank Ligand Inhibitors, and Others) and Route of Administration (Oral, Injectable, and Others): Global Opportunity Analysis and Industry Forecast, 2019-2026

Osteoporosis Drugs Market Size and Trends

The global osteoporosis drugs market size accounted for $7,657 million in 2018, and is expected to reach $10,479 million by 2026, registering a CAGR of 3.9% from 2019 to 2026. The major factor that contributes to the growth of osteoporosis drugs market include rise in prevalence of osteoporosis. Furthermore, other factors that boost the growth of the osteoporosis drugs market are surge in geriatric population across the globe and rise in adoption of sedentary lifestyle worldwide. However, side effects of osteoporosis drugs and the time-consuming drug approval process hamper the growth of osteoporosis drugs market. Conversely, high growth potential in developing economies is expected to offer lucrative opportunities during the forecast period.   

Market Introduction and Definition

Osteoporosis is defined as a medical condition, which is characterized by low density and quality of bones in humans. Furthermore, the bones become porous in this medical condition, which makes them more fragile and, in turn, prone to factures. The condition is caused by over production of the hormone called as parathyroid. The condition can lead to severe fractures, which can have deleterious effects on the health of patient. Therefore, the condition requires treatment, which includes the use of osteoporosis drugs. Some of the drugs available in the market include bisphosphonates selective estrogen inhibitors modulator (SERM), parathyroid hormone therapy, calcitonin, and RANK ligand inhibitors. These drugs are administered through different routes in the body such as orally or intravenously.

Market Segmentation

The osteoporosis drugs market size is studied on the basis of drug class, route of administration, and region to provide a detailed assessment of the market. On the basis of drug class, the market is segmented into bisphosphonates, selective estrogen inhibitors modulator (SERM), parathyroid hormone therapy, calcitonin, rank ligand inhibitors, and others. By route of administration, it is segregated into oral, injectable, and others. Region wise, it is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, France, the UK, Italy, Spain, and rest of Europe), Asia-Pacific (China, Japan, India, Australia, South Korea, and rest of Asia-Pacific), and LAMEA (Brazil, South Africa, and rest of LAMEA). 

Segment Review

By product, the bisphosphonates acquired the major share of osteoporosis drugs market in 2018, owing to increase in investment in R&D of advanced novel bisphosphonates drugs by major players. Furthermore, bisphosphonates are commonly prescribed drugs for the treatment of osteoporosis, which boosts the growth of the market.  However, the rank ligand inhibitors segment is expected to exhibit fastest growth rate during the forecast period, owing to the fact that these drugs are used to treat bone metastasis by acting as a chemoattractant to bone for tumor cells that express its receptor, RANK. Thus, the inhibition of the RANKL-RANK pathway serves as an ideal treatment for the bone metastasis. 

By route of administration, the oral segment acquired the major share of the osteoporosis drugs market, owing to abundant availability of medications, which are available as oral drugs in the market. Conversely, the injectable segment is expected to grow at the fastest CAGR during the forecast period, owing to factors such as rise in need for drugs, which exhibit improved bioavailability rapid mode of action. 

Regional/Country Market Outlook

Region wise, North America accounted for the major share in 2018, and is expected to continue this trend, owing to easy availability of osteoporosis drugs. Moreover, surge in incidence of osteoporosis contributes toward the growth of this market. On the contrary, Asia-Pacific is expected to register the fastest growth during the forecast period attributed to increase in awareness regarding the use of osteoporosis drugs. Moreover, the constantly evolving life science industry drives the growth of the market in the developing economies such as India, China, and Malaysia. 

Competitive Landscape

The global osteoporosis drugs market is highly competitive, and the prominent players in the market have adopted various strategies to garner maximum market share. These include collaboration, product launch, partnership, and acquisition. Major players operating in the market include Amgen Inc., F. Hoffmann-La Roche AG, Radius Health, Inc., Merck & Co. Inc., Novartis International AG (Sandoz), Pfizer Inc., Sun Pharmaceutical Industries Ltd., Takeda Pharmaceutical Company Limited, and Teva Pharmaceutical Industries Ltd.

Key Benefits for Stakeholders:

• This report entails a detailed quantitative analysis along with the current global osteoporosis drugs market trends from 2018 to 2026 to identify the prevailing opportunities along with the strategic assessment.
• The osteoporosis drugs market forecast is studied from 2019 to 2026. 
• The osteoporosis drugs market size and estimations are based on a comprehensive analysis of key developments in the industry. 
• A qualitative analysis based on innovative products facilitates strategic business planning.
• The development strategies adopted by the key market players are enlisted to understand the competitive scenario of the market

Key Market Segments:

By Drug Class

• Bisphosphonates
• Selective Estrogen Inhibitors Modulator (SERM)
• Parathyroid Hormone Therapy 
• Calcitonin 
• Rank Ligand Inhibitors
• Others

By Route of Administration

• Oral 
• Injectable
• Others

By Region

• North America
  • U.S.
  • Canada
  • Mexico
• Europe
  • Germany 
  • France 
  • UK 
  • Italy
  • Rest of Europe
• Asia-Pacific
  • Japan 
  • China 
  • India 
  • Rest of Asia-Pacific
• LAMEA
  • Brazil 
  • Saudi Arabia 
  • South Africa
  • Rest of LAMEA

  Osteoporosis Drugs Market, by Drug Class Report Highlights

Aspects	Details
By DRUG CLASS	Bisphosphonates Selective estrogen inhibitors modulator Parathyroid hormone therapy Calcitonin Rank ligand inhibitors Others
By ROUTE OF ADMINISTRATION	Oral Injectable Others
By Region	North America  (U.S., Canada, Mexico) Europe  (France, Germany, Italy, Spain, UK, Russia, Rest of Europe) Asia-Pacific  (China, Japan, India, South Korea, Australia, Thailand, Malaysia, Indonesia, Rest of Asia-Pacific) LAMEA  (Brazil, South Africa, Saudi Arabia, UAE, Argentina, Rest of LAMEA)
Key Market Players	F. HOFFMANN-LA ROCHE LTD., Novartis International AG (Sandoz), Takeda Pharmaceutical Company Limited, Eli Lilly and Company, Teva Pharmaceutical Industries Ltd., Merck & Co. Inc., Amgen Inc., Radius Health, Inc., Sun Pharmaceutical Industries Ltd., Pfizer Inc.

Analyst Review

Osteoporosis drugs are utilized in the treatment of osteoporosis, which is marked by the presence of weak and porous bones. In addition, osteoporosis requires immediate treatment as the weak bones are highly prone to fractures which can lead to serious harmful effects on the health of the patient. The condition is caused due to the overproduction of hormone parathyroid. Some drugs which are available in the market for the treatment of osteoporosis include bisphosphonates selective estrogen inhibitors modulator (SERM), parathyroid hormone therapy, calcitonin, rank ligand inhibitors, and others.  

The utilization of osteoporosis drugs has witnessed a significant growth, owing to surge in incidence of osteoporosis across the globe. The other factors that propel the utilization of different osteoporosis drugs include surge in healthcare expenditure and rise in R&D investments related to osteoporosis drugs. Conversely, stringent governmental regulations related to approval of osteoporosis is a key factor that restricts the growth of the market. However, high market potential offered by developing economies is expected to present lucrative opportunities for the key players during the forecast period.

 

 

 

Author Name(s) : Sanjivan Gill & Onkar Sumant | Roshan Deshmukh

Related Tags

• Orthopedics
• Orthopedic Devices
• Capsules

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