Osteoporosis is a chronic disease in which the bone density and bone mass is reduced to such an extent that the bones and cartilages become more prone to cracks and fractures. In osteoporosis, the microstructure of bones and amount and number of various proteins is depleted, that leads to not only rise in brittleness and porosity of bones but also failure of bones to regenerate. This condition leads to chronic pain and illness, which could be fatal. Osteoporosis drugs market is semi-consolidated market and the demand for various drugs (inclusive of generic and branded) is increasing at a slow pace, due to steady growth in the prevalence of the disease across the globe. The global osteoporosis drugs market is segmented on the basis of drugs classes available for the treatment of osteoporosis, such as, bisphosphonates, RANK ligand inhibitors (denosumab), calcitonin, parathyroid hormone therapy (PTH), selective estrogen receptor inhibitors (SERMs) and others (estrogen therapy and calcium and vitamin D).
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The global osteoporosis market is segmented on the basis of drug class and geography. On the basis of drug class, the global osteoporosis market is segmented into bisphosphonates, parathyroid hormone therapy (PTH) drugs, selective estrogen receptor modulators (SERMs), RANK ligand inhibitors, calcitonin, and other such as others Vitamin D and calcium. This segment also includes drugs that are in the pipeline. Geographically, this market is segmented into Europe, North America, Asia Pacific, and Rest of the World.
Out of the drug class segments, bisphosphonates were the fastest growing segment and held 48.2% of the overall osteoporosis drugs market in 2013. However, analysts predict that pipeline drugs will showcase accelerated growth at a CAGR of 125.20% from 2014 to 2020.The International Osteoporosis Foundation (IOF) stated that at least 9 mn fractures and bone cracks occur every year. In addition to this, about 200 mn women across the world are expected to be victims of osteoporosis with each passing year. With these alarming figures, growth of the global osteoporosis drug is only expected to accelerate. In addition, introduction of new drug classes that hold the promise of overcoming the threat of chronic and generics side effects of the established drugs is yet another factor making a positive influence on the growth of the global osteoporosis drugs market.
In terms of geography, North America holds a major share in the global osteoporosis drugs market. This can be credited to the presence of a huge pool of patients suffering from osteoporosis, growing awareness about the disease, technological advancements and adoption of the same, and presence of state-of-the-art medical infrastructure. However, the research report predicts that Asia Pacific will be the next region to create a huge wave of demand in the osteoporosis drugs market from 2014 to 2020.
Some of the important players in the global osteoporosis drugs market are Novartis International AG, Eli Lilly and Company, Pfizer, Inc., Merck & Co., Inc., and Amgen, Inc., Teva Pharmaceutical Industries Ltd., F. Hoffmann La Roche Ltd., Actavis plc, and Novo Nordisk A/S. The report opens a discussion about the competitive landscape of the global osteoporosis drugs market and states details pertaining to company overview, financial overview, research and development activities, business and marketing strategies, and lists the existing products and those in the pipeline.
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