Market Introduction: Key Takeaways
The global osteoporosis treatment market is expected to grow at a CAGR of 4.8% during the forecast period of 2023-2028, according to a RationalStat market report. Osteoporosis is a condition characterized by low bone density and increased risk of fractures, and it is a significant global health concern, particularly among the aging population.
Market Drivers and Trend Analysis
The growth of the global osteoporosis treatment market is driven by several factors, including the increasing prevalence of osteoporosis worldwide due to aging population, sedentary lifestyles, and changing dietary habits. The growing awareness about bone health and the importance of early diagnosis and treatment of osteoporosis are also contributing to the growth of the market.
Additionally, advancements in diagnostic technologies and treatment options, and the availability of effective pharmacological therapies for osteoporosis are further propelling market growth. The report identifies several challenges facing the global osteoporosis treatment market, including the high cost of osteoporosis medications, the potential side effects associated with long-term use of these medications, and the limited awareness and access to diagnosis and treatment in some regions.
Key Segmental Analysis
Based on drug class, the report identifies bisphosphonates as the largest segment of the global osteoporosis treatment market, accounting for the majority of the market share. Other drug classes such as selective estrogen receptor modulators (SERMs), calcitonin, and anabolic agents are also gaining traction in the market.
Global and Regional Market Analysis – Based on Market Intelligence
Regionally, North America is the largest market for osteoporosis treatment, driven by the high prevalence of osteoporosis in the aging population, the availability of advanced healthcare infrastructure, and favorable reimbursement policies. Europe is also a significant market for osteoporosis treatment, owing to the rising awareness about bone health and the increasing geriatric population. The Asia-Pacific region is expected to witness significant growth in the coming years, driven by the increasing aging population and improving healthcare infrastructure in emerging economies.
Competition Overview: Market Structure and Leading Players
The global osteoporosis treatment market is highly competitive and includes several major market players. Some of the key market players operating in the global osteoporosis treatment market, as identified in the market report, include Amgen Inc., Eli Lilly and Company, Pfizer Inc., Novartis International AG, Merck & Co., Inc., F. Hoffmann-La Roche Ltd., GlaxoSmithKline plc, Teva Pharmaceutical Industries Ltd., Johnson & Johnson, and Radius Health, Inc. among others.
Key Market Segmentation: Global Osteoporosis Treatment Market
Rationalstat has segmented the global osteoporosis market on the basis of drug class, distribution channel, region, end user.
- By Region
- North America
- US
- Canada
- Latin America
- Brazil
- Mexico
- Chile
- Peru
- Argentina
- Rest of Latin America
- Western Europe
- Germany
- UK
- France
- Spain
- Italy
- Benelux
- Nordic Countries
- Rest of Western Europe
- Eastern Europe
- Russia
- Poland
- Hungary
- Czech Republic
- Rest of Eastern Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- ASEAN (Indonesia, Vietnam, Thailand, Philippines, Malaysia, etc.)
- Rest of Asia Pacific
- Middle East & Africa
- GCC
- South Africa
- Turkey
- Egypt
- Sub-saharan
- Rest of the Middle East & Africa
- North America
Research Methodology
RationalStat has developed a state-of-the-art research methodology to crunch numbers and provide the best possible real-time insights to clients. We combine a varied range of industry experience, data analytics, and experts’ viewpoint to create a research methodology for market sizing and forecasting.
RationalStat combines a mix of secondary sources as well as primary research to assess the market size and develop a forecast. Key steps involved in accurately deriving the market numbers are:
- Defining the problem by understanding the type of market and data required by the client.
- Data gathering and collection through relevant paid databases, publicly available sources, company reports, annual reports, surveys, and interviews.
- Formulating a hypothesis to create market numbers, forecasts, influencing factors, and their relevance.
- Evaluating and analyzing the data by referring to data sources utilized and leveraged.
- Validating, interpreting, and finalizing the data by combining the details gathered from primary and secondary sources with the help of experienced analysts.
Primary Intelligence
- RationalStat utilizes surveys, questionnaires, focus groups, and one-to-one interviews with CXOs, industry partners, trade bodies, association members, ex-employees, and industry professionals to collect insights and quantitative/qualitative data specific to client needs. RationalStat quickly gets to the ‘why’ behind the ‘what’ demonstrated by secondary data.
- RationalStat takes a unique approach to arrive at market conclusions and actionable insights for clients.
- We have the technology and strong in-house resource pool with extensive experience in the global and regional markets, across a wide variety of categories and stakeholders.
- Strong language proficiency and capability with coverage across more than 70 language areas.
Secondary Sources
- Annual reports, company filings, investor presentations, product catalogs, and company documents
- Industry and market-related documents available in the public domain
- Paid databases including Bloomberg, Factiva, S&P Capital IQ, FactSet, Refinitiv Eikon, ICIS, EUWID, and Thomson Reuters, among others
- Whitepapers, research papers, and industry blogs
Why Buy this Report?
The report is intended for service providers, manufacturers, industry stakeholders, government organizations, marketing departments, R&D professionals, insurance organizations, regulatory agencies, and market research firms, among others. The report provides an in-depth analysis of market size, consumption patterns, ongoing market trends and challenges, and future market opportunities. The report will serve as a source for a 360-degree analysis of the market thoroughly delivering insights to clients to find the right answers to their business questions.