According to the latest report by IMARC Group, titled “Osteoporosis Drugs Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the global osteoporosis drugs market size reached a strong growth in 2020. Osteoporosis is a bone disease that causes deterioration of bone tissues and strength. It is diagnosed by performing various diagnostic procedures, such as X-ray, magnetic resonance imaging (MRI), and computed tomography (CT). At present, several drugs are available in different formulations, ranging from regular tablets to intravenous (IV) infusions, for alleviating the symptoms of osteoporosis. These drugs aid in restoring the balance of tissue formation, reducing the risk of fractures by repairing microscopic defects in bones, and improving the overall muscle strength of the patients.
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The growing prevalence of osteoporosis due to sedentary consumer lifestyles and excessive consumption of alcohol and tobacco, is propelling the demand for osteoporosis drugs. Furthermore, the increasing incidences of chronic celiac disease, renal ailments, cancer, lupus, multiple myeloma, rheumatoid arthritis, etc., are also driving the product demand. Additionally, the rising geriatric population, who are more prone to bone mass loss, is further bolstering the need for osteoporosis drugs. Besides this, extensive R&D activities for the introduction of novel therapeutics and late-stage drugs will continue to drive the global market for osteoporosis drugs in the coming years. Looking forward, IMARC Group expects the global osteoporosis drugs market to exhibit moderate growth during 2021-2026.
Breakup by Product Type:
- Rank Ligand Inhibitor
- Parathyroid Hormone Therapy (PTH)
- Selective Estrogen Receptor Modulators (SERMs)
- Sclerostin Inhibitor
Breakup by Route of Administration:
Competitive Landscape with Key Player:
- Amgen Inc.
- Eli Lilly and Company
- F. Hoffmann-La Roche AG
- GlaxoSmithKline Plc
- Merck & Co. Inc.
- Novartis AG
- Pfizer Inc.
- Radius Health Inc.
- Teva Pharmaceutical Industries Ltd.
- UCB S.A.
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