The osteoporosis drugs market studied was predicted to grow with a CAGR of nearly 5.3% over the forecast period. The major factor accrediting to the growth of the market is increasing the incidence of osteoporosis. According to the National Osteoporosis Foundation, in 2018, an estimated 10 million have osteoporosis and another 44 million have low bone density, placing them at increased risk, in America. Rising geriatric population globally who are prone to low bone density is another main factor for the growth of the market. Furthermore, the growing investments in research and development programs by the biotechnology and pharmaceutical companies are boosting the market growth. However, the stringent regulations by the government are the major drawback for the market growth.
Key Market Trends
RANK Ligand Inhibitors Segment is expected to Dominate the Market
- RANK ligand (RANKL) inhibitors are used for the management of osteoporosis in patients at high risk for bone fractures. The high growth possibility achieved is a result of positive patient results associated with rank ligand inhibitors. The positive patient outcomes can be credited to significant improvements in bone metabolism. Rank ligand inhibitors can also be utilized in combination with other drugs to impart a synergistic effect in the overall treatment regime. The above-mentioned factor is also anticipated to be one of the key factors accountable to present profitable opportunities. Other advantages relating to rank ligand inhibitors such as reduced cell bone turnover and increased bone mineral density, thereby implicating high demand.
- Apart from the advantages of RANK ligand inhibitors, other factors that drive the segment growth are increasing geriatric population and increasing patient pool.
North America Dominates the Market and Expected to do Same in the Forecast Period
North America is expected to dominate the overall osteoporosis drugs market, throughout the forecast period. The market growth is due to the factors such as the presence of key players, high prevalence of osteoporosis patients in the region, established healthcare infrastructure, and availability of branded drugs are some of the key factors accountable for its large share in the market. Furthermore, beneficial government initiatives and an increase in the number of research partnerships are some of the drivers expected to increase the market growth. In the North America region, the United States holds the largest market share due to factors such as an increasing number of geriatric populations, along with a growing number of patient pool in the country and several collaborative efforts commenced by major companies to enhance their abilities and guarantee high medical standards.
Competitive Landscape
The Osteoporosis Drugs market is moderately competitive and consists of several major players. Some of the companies which are currently domianting the market Pfizer, Inc., Eli Lily and Company, F. Hoffmann La Roche, Merck & Co., Inc., Amgen, Inc., Radius Health, Inc., Teva Pharmaceutical Industries Ltd., GlaxoSmithKline plc, Novartis International AG, Actavis plc.
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