The 7 major osteoporosis markets reached a value of US$ 10.2 Billion in 2023. Looking forward, IMARC Group expects the 7MM to reach US$ 14.8 Billion by 2034, exhibiting a growth rate (CAGR) of 3.49% during 2024-2034.
Report Attribute
|
Key Statistics
|
---|---|
Base Year |
2023
|
Forecast Years | 2024-2034 |
Historical Years |
2018-2023
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Market Size in 2023
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US$ 10.2 Billion |
Market Forecast in 2034
|
US$ 14.8 Billion |
Market Growth Rate (2024-2034)
|
3.49% |
The osteoporosis market has been comprehensively analyzed in IMARC's new report titled "Osteoporosis Market: Epidemiology, Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2024-2034". Osteoporosis refers to a medical condition characterized by the loss of bone mass and degeneration of bone tissue, resulting in weakened and fragile bones. Some of the common symptoms of the disorder include a stooped or hunched posture (kyphosis), a gradual loss of height, fractures that occur with minimal trauma or even normal daily activities, etc. Individuals with osteoporosis may also experience back pain, bone tenderness, and a decreased ability to perform physical activities. For disease diagnosis, the healthcare providers review the patient's medical history, family history of osteoporosis, and risk factors, such as age, gender, medication use, etc. A physical examination may reveal signs of bone loss or previous fractures. Various diagnostic procedures, including dual-energy X-ray absorptiometry (DXA) scans that measure bone mineral density and help in assessing the severity of osteoporosis, are also utilized. Additionally, blood tests may be conducted to evaluate calcium levels, vitamin D levels, and other markers of bone health.
The increasing cases of age-related bone loss, in which the rate of bone formation tends to slow down while bone resorption continues, thereby leading to a gradual decline in bone density over time, are primarily driving the osteoporosis market. In addition to this, the rising prevalence of numerous associated risk factors, such as genetic predisposition, lack of physical activity, hormonal imbalances, long-term use of certain medications like corticosteroids, etc., is also augmenting the market growth. Furthermore, the widespread adoption of bisphosphonates, including alendronate and risedronate, to slow down bone loss and reduce fracture risk in patients is acting as another significant growth-inducing factor. Besides this, various key players are making extensive investments in R&D activities to introduce drugs that specifically target proteins involved in bone remodeling and signaling pathways. This, in turn, is creating a positive outlook for the market. Additionally, the ongoing advancements in imaging technologies, such as the launch of high-resolution peripheral quantitative computed tomography (HR-pQCT) and trabecular bone score (TBS), which offer new insights into bone microarchitecture and strength as well as help in assessing fracture risk more accurately, are expected to drive the osteoporosis market in the coming years.
IMARC Group's new report provides an exhaustive analysis of the osteoporosis market in the United States, EU5 (Germany, Spain, Italy, France, and United Kingdom) and Japan. This includes treatment practices, in-market, and pipeline drugs, share of individual therapies, market performance across the seven major markets, market performance of key companies and their drugs, etc. The report also provides the current and future patient pool across the seven major markets. According to the report the United States has the largest patient pool for osteoporosis and also represents the largest market for its treatment. Furthermore, the current treatment practice/algorithm, market drivers, challenges, opportunities, reimbursement scenario and unmet medical needs, etc. have also been provided in the report. This report is a must-read for manufacturers, investors, business strategists, researchers, consultants, and all those who have any kind of stake or are planning to foray into the osteoporosis market in any manner.
Time Period of the Study
Countries Covered
Analysis Covered Across Each Country
This report also provides a detailed analysis of the current osteoporosis marketed drugs and late-stage pipeline drugs.
In-Market Drugs
Late-Stage Pipeline Drugs
Drugs | Company Name |
---|---|
Evenity (Romosozumab) | Amgen/UCB |
Alora (Estradiol transdermal) | AbbVie |
Boniva (Ibandronic acid) | Roche |
Prolia (Denosumab) | Amgen |
Reclast (Zoledronic acid) | Novartis |
Teriparatide | Entera Bio |
TVB-009P | Teva Pharmaceutical |
AGA 2118 | Angitia Biopharmaceuticals |
LY2541546 | Eli Lilly |
SB 16 | Samsung Bioepis |
*Kindly note that the drugs in the above table only represent a partial list of marketed/pipeline drugs, and the complete list has been provided in the report.
Market Insights
Epidemiology Insights
Osteoporosis: Current Treatment Scenario, Marketed Drugs and Emerging Therapies