Osteoporosis is a highly common chronic illness that can range in seriousness from impeding daily life to being life-threatening. When a person suffers from osteoporosis, he or she undergoes a restructure of their bones due to a lack of bone density and mass. As a result, the patient can suffer from serious injuries and bone fractures over time.
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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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