Osteoporosis Treatment Market With Manufacturers, Size, Revenue Status and Leading Key Players 2028 | Daiichi Sankyo Company Limited, Amgen Inc., Dr. Reddy's Laboratories, Mylan Inc.,

Osteoporosis Treatment Market Is Witnessing Robust Growth Due To Rise in Number of Osteoporosis Cases All Over the World

Overview:

Drugs are only one form of osteoporosis treatment, and non-drug alternatives will not replace them completely. While non-drug options will not prevent osteoporosis, they do reduce the risk of fracture and increase bone strength. Drugs are an essential part of osteoporosis treatment. While these drugs have been proven to reduce the risk of fractures by 40 percent, there are still risks involved with the disease. The most effective treatment options can be a combination of diet changes and bisphosphonates. Drugs for osteoporosis are often prescribed depending on patient's risk profile, overall health and any other medical conditions.

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Market Dynamics:

The cases of osteoporosis is increasing all over the world, which in turn is expected to propel growth of the global osteoporosis treatment market over the forecast period. For instance, according to the Centers for Disease Control and Prevention, during 2017-2018, osteoporosis affected 12.6% adults aged 50 and above and it the rate of women affected by osteoporosis was higher (19.6%) than men (4.4%).

However, stringent government regulations regarding treatments and developments is anticipated to hamper growth of the global osteoporosis treatment market during the forecast period.

Impact of COVID-19:

The COVID-19 pandemic severely impacted many industries. Following the outbreak of virus many countries imposed strict nationwide lockdown regulations to curb the virus spread. This hindered several market activities. Due to increasing cases of COVID-19 many hospitals and medical facilities kept non-emergency cases on hold or suspended to prevent the infection. Several research and development activities were disrupted due to the pandemic. Thus, the global osteoporosis treatment market witnessed negative impact of the COVID-19 pandemic. However, pandemic situation going back to normal is likely to support the market growth.

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Key Takeaways:

• The global osteoporosis treatment market is estimated to grow forecast period, owing to rise in old age population all over the world. For instance, according to the World Population Prospects 2019, UN the rate of people aged 65 will increase from 1 in 11 people in 2019 to 1 in 6 people by 2050 all over the world.

• Among regions, Asia Pacific is anticipated to witness substantial growth in the global osteoporosis treatment market over the forecast period. This is due to growing awareness about use of osteoporosis drugs and growing life science industry in emerging economies such as Malaysia, China, and India.

• Key players functioning in the global osteoporosis treatment market are Apotex Inc., Eli Lilly and Company, Mylan N.V., Pfizer, Inc., UCB S.A., Amgen, Inc., F. Hoffmann-La Roche Ltd., Merck & Co., Inc., Novo Nordisk A/S, Radius Health, Inc., Teva Pharmaceutical Industries Ltd., and Novartis AG.

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This release was published on openPR.