Global Osteoporosis Drugs Market is Anticipated to Register at a Healthy CAGR of 4.0% 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.
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.
Request to view table of content @ https://www.persistencemarketresearch.com/market-research/osteoporosis-drugs-market/toc
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.
A sample of this report is available upon request @ https://www.persistencemarketresearch.com/samples/2983
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.
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.
Eli
Lilly and Company, F. Hoffmann-La Roche, Ltd., Merck & Co. Inc.,
Novartis AG, Amgen, Inc., Actavis plc, Teva Pharmaceuticals Industries
Ltd., and Pfizer, Inc. are some of the major players of osteoporosis
drugs market.
Comments
Post a Comment