The 2022 global Metastatic Bone Disease Market size was valued at USD 7.63 Billion, with a projected revenue Compound Annual Growth Rate (CAGR) of 9% in the forthcoming period, as indicated by the most recent report from Reports and Data.
The primary driver behind the increasing growth in market revenue is the surging incidence of cancer. In 2018, cancer was responsible for an estimated 9.6 million deaths, making it the second leading cause of global mortality, according to the World Health Organization (WHO). Importantly, about 70% of individuals in advanced cancer stages develop bone metastases. Consequently, the demand for treatments for metastatic bone disease is expected to rise in parallel with the continuous increase in cancer rates.
The expanding elderly population plays a critical role in driving market expansion. The likelihood of encountering cancer and bone metastases rises with age. Projections from the United Nations anticipate a global elderly population of 1.5 billion by 2050, with the most significant growth occurring in low- and middle-income countries. Given that older patients are more prone to requiring therapy for metastatic bone disease, this demographic shift is expected to substantially boost market revenue growth.
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Furthermore, the rapid advancement of diagnostic technologies is poised to accelerate the growth of market revenue. Modern imaging techniques, such as Positron Emission Tomography (PET) and Magnetic Resonance Imaging (MRI), enable early detection of bone metastases, allowing for prompt intervention and better patient outcomes.
Key players in the Metastatic Bone Disease Market:
- Amgen Inc.
- Bristol-Myers Squibb Company
- F. Hoffmann-La Roche Ltd.
- GlaxoSmithKline plc
- Merck & Co., Inc.
- Novartis AG
- Pfizer Inc.
- Sanofi SA
- Teva Pharmaceutical Industries Ltd.
- Takeda Pharmaceutical Company Limited
Some Key Highlights in the Report:
- The metastatic bone disease treatment market has undergone segmentation, with breast cancer being the leading contributor to revenue in 2021. Nevertheless, the Lung Cancer and Prostate Cancer segments are expected to exhibit the highest revenue CAGR during the forecast period.
- The imaging segment generated a substantial amount of revenue in 2021 and is forecasted to experience the most rapid growth during the projection period. In diagnostic procedures like biopsy, a small sample of diseased tissue or bone is obtained for examination. Due to its accuracy in detecting cancer cells in bone tissue, the biopsy segment is anticipated to witness significant growth throughout the forecast period. The advancement of new biopsy technologies and the increasing prevalence of metastatic bone disease are poised to drive revenue in this market.
- North America is anticipated to lead the metastatic bone disease market throughout the forecast period. This prominence is attributed to a significant risk factor, namely the high incidence of cancer in the region. Additionally, the market’s growth is expected to result from the increasing adoption of advanced treatment modalities, including chemotherapy, radiation therapy, and surgical interventions.
- In 2021, Bristol-Myers Squibb, a prominent biopharmaceutical company, successfully completed the acquisition of MyoKardia, a clinical-stage company focused on cardiovascular disease treatment. This strategic move, valued at $13.1 billion, was executed to bolster Bristol-Myers Squibb’s product portfolio in the cardiovascular disease market, including areas related to metastatic bone disease.
- In 2020, Novartis AG announced its intention to acquire The Medicines Company, a biopharmaceutical venture specializing in innovative drugs for cardiovascular disorders. This significant transaction, valued at $9.7 billion, was designed to strengthen Novartis’ position in the metastatic bone disease sector and broaden its presence in this field.
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For the purpose of this report, Reports and Data has segmented the global metastatic bone disease market on the basis of Type Outlook, Diagnosis Outlook, Treatment Outlook, and Regional Outlook:
Type Outlook (Revenue, USD Billion; 2022 – 2032)
- Breast Cancer
- Lung Cancer
- Prostate Cancer
- Kidney Cancer
- Thyroid Cancer
- Others
Diagnosis Outlook (Revenue, USD Billion; 2022 – 2032)
- Biopsy
- Blood Test
- Imaging
- Others
Treatment Outlook (Revenue, USD Billion; 2022 – 2032)
- Drug Therapy
- Radiation Therapy
- Surgery
- Others
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Regional Outlook (Revenue, USD Billion; 2022-2032)
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- U.K.
- France
- Italy
- Spain
- Sweden
- BENELUX
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of APAC
- Latin America
- Brazil
- Rest of LATAM
- Middle East & Africa
- Saudi Arabia
- UAE
- South Africa
- Israel
- Rest of MEA
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Some points on how the report benefits stakeholders:
- The reports include historical (2020–2021) and forecast (2022–2032) data points, revenues, and CAGR in table, figure, and chart formats, with detailed and qualitative, supporting written information for each.
- Revenue break-up is provided for each segment in these formats for global, regional, and for each country in the respective region for each year between 2019 and 2030.
- The report contains insights regarding growth drivers, restraints, opportunities, trends, company profiles, strategic developments, expansion details, product launches, and various other aspects related to the market.
- The report contains data and information on customers, competitors, vendors/distributors, and other players and in the global marketplace.
- Market research analysis is vital for all crucial business strategies and can aid in numerous ways and to provide a clearer understanding about strategies being deployed by competitors, product launches, competitive analysis, technological advancements and various other factors that enhance sales of a firm or perhaps provide insights to focus on merger and acquisition as a strategy or enter into strategic agreements or joint ventures etc.
- The report contains company profiles of the top companies operating in the market along with their respective revenue and operating segments, geographical reach, market footprint, headquarters, growth rates, recent developments, product /services, expansion strategies, investments in expansion, and more.
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