Innovation to augment the Osteoporosis Drugs Market
The Osteoporosis Drugs Market is likely to mark stellar growth in the upcoming period. The current situation calls for conducive integrated healthcare models that do away with middlemen regarding offering various products and services. Drug manufacturers, hospital systems, PBMs (pharmacy benefit managers), wholesale distributors, hospital systems, medical insurers, and retail pharmacy outlets – are all into the integration of healthcare strategies. This would be how the healthcare vertical function in the upcoming period.
According to a new market report published by
Persistence Market Research “Global Market Study on Osteoporosis Drugs:
AsiaPacific to Witness Highest Growth by 2022”, the global osteoporosis drugs
market is estimated to be valued at US$11,226.1 Mn by the end
of 2015 and is expected to expand at a CAGR of 4.0% from 2014
to 2022, to account for US$14,786.7 Mn by 2022.
The global osteoporosis drugs market is
witnessing significant growth due to rising geriatric population and changing
lifestyles impinging bone health. Prevalence of osteoporosis is high among
people aged 60 years and above. Moreover, increasing the prevalence of
osteoporosis in postmenopausal women, growing awareness about osteoporotic
care, and increasing investment in drug discovery and development are also
driving the growth of the market.
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For The Next Decade? See Through Sample Of Osteoporosis Drugs Market
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Top companies profiled
in this report are:
·
Eli Lilly and Company
·
Hoffmann-La Roche Ltd.
·
Merck & Co, Inc.
·
Novartis AG
·
Amgen, Inc.
·
Novo Nordisk A/S
·
Actavis plc
·
Pfizer, Inc.
·
GlaxoSmithKline plc
·
Teva Pharmaceutical
Industries Ltd
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However, there are various side effects and
complications associated with osteoporosis drugs such as heartburn, irritable
bowel syndrome, nausea, and ulcers in the stomach or esophagus. Furthermore,
patent expiration of osteoporosis drugs also inhibits the growth of the
market.The osteoporosis drugs market is anticipated to grow from an
estimated US$11,226.1 Mn by the end of 2015 to account
for US$14,786.7 Mn by 2022 at a CAGR of 4.0% during the
forecast period.
In North America, the prevalence of
osteoporosis is high primarily due to increasing geriatric population, growing
obesity, and rising prevalence of lifestyle associated diseases in the region.
According to the National Osteoporosis Foundation, in 2013, approximately 54
million people in the U.S. aged 50 years and above were affected by
osteoporosis and low bone mass. According to the U.S. Department of Health and
Human Services, in the U.S., approximately 250,000 hip fractures are associated
with osteoporosis.
In Europe, increasing aging population,
changing lifestyles, and increasing consumer awareness about osteoporosis care
are driving the growth of the osteoporosis drug market. According to the
International Osteoporosis Foundation, approximately 5.5 million men and 22
million women suffered from osteoporosis in 2010. Moreover, according to
International Osteoporosis Foundation, approximately 27.5 million people in
Europe suffered from osteoporosis in 2010 and the number is expected to reach
33.9 Mn by 2030.
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However, the growth of osteoporosis market in
Asia Pacific is much due to rising geriatric population and changing lifestyles
in the region. Osteoporotic patients have a higher risk of hip fractures, owing
to a major cause of morbidity and mortality.
According to the International Osteoporosis
Foundation, by 2050, approximately 50% of the world’s osteoporosis hip
fractures would occur in women in Asia. In addition, according to a study on
Epidemiology in Osteoporosis in Japan by the National Centre for Biotechnology
Information, in 2011, approximately 15 million people suffered from
osteoporosis in Japan.
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