Comprehensive Analysis On Canada Osteoporosis Drugs Market 2023 With Future Trend, Market Size, Business Growth, Top Key players, CAGR

Report Overview

Canadian Osteoporosis Drugs Market size stood at around USD xx billion in 2019 and is projected to reach USD xx billion by 2028, exhibiting a CAGR of xx% during the forecast period.

Osteoporosis is defined as a medical condition, which is characterized by low density and quality of bones in humans. Furthermore, the bones become porous in this medical condition, which makes them more fragile and, in turn, prone to fractures. Osteoporosis is often called the silent thief because bone loss occurs without symptoms unless one has fractured. Osteoporosis is a major health problem in Canada. In Canada 1 in 5 men and 1 in 3 women suffer from osteoporotic fracture, an estimated 2 million Canadians are suffering from this disorder, 28 of women and 37% of men who suffer from a hip fracture will die within one year. Over 80% of all fractures in people over 50 years of age are caused by osteoporosis.

Market Drivers

There has been a noticeable growth in people around the country about the awareness of osteoporosis, which is a noticeable factor in the osteoporosis market. This recognition is primarily a result of numerous steps implemented across different programs and campaigns by public and private associations. Moreover, lifestyle-associated factors such as alcohol abuse, sedentary lifestyle, smoking are found to promote this condition in men. The factor poses a high clinical urgency to curb osteoporosis, thus predicted to further bolster the overall growth. The rapid increase in the prevalence of osteoporosis in postmenopausal women, growing awareness about osteoporotic care, and increasing investment in drug discovery and development are the major factors expected to drive the growth of the market. The rising aging population and post-menopausal women, growing prevalent cases of osteoporosis in the younger population, increase expenditures in R&D for new and innovative drug formulation are the other factors supplementing the growth of the osteoporosis drugs market.

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Top 5 Major Players

The Canadian osteoporosis drugs market is moderately competitive, and the prominent players in the market have adopted various strategies to garner maximum market share. These include collaboration, product launch, partnership, and acquisition. IN 2019, Health Canada Approved EVENITY by Amgen for the treatment of osteoporosis in postmenopausal women at high risk for fracture. Major players operating in the market include Amgen Inc., F. Hoffmann-La Roche AG, Merck & Co. Inc., Novartis AG, Pfizer Inc., Eli Lilly, AbbVie Inc., and Sanofi, etc.

The Canada Osteoporosis Drugs Market 2023 Report makes available the current and forthcoming technical and financial details of the industry. It is one of the most comprehensive and important additions to the Prudent Markets archive of market research studies. It offers detailed research and analysis of key aspects of the global Canada Osteoporosis Drugs market. This report explores all the key factors affecting the growth of the global Canada Osteoporosis Drugs market, including demand-supply scenario, pricing structure, profit margins, production, and value chain analysis.

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Market Segmentation

By Drug Class:

On the basis of drug class, the market is segmented into bisphosphonates, selective estrogen inhibitors modulator (SERM), parathyroid hormone therapy, calcitonin, rank ligand inhibitors, and others. The bisphosphonates acquired the major share of the osteoporosis drugs market in 2018, owing to an increase in investment in R&D of advanced novel bisphosphonates drugs by major players. Furthermore, bisphosphonates are commonly prescribed drugs for the treatment of osteoporosis, which boosts the growth of the market.  However, the rank ligand inhibitors segment is expected to exhibit the fastest growth rate during the forecast period, because these drugs are used to treat bone metastasis by acting as a chemoattractant to bone for tumor cells.

By Route of Administration:

By route of administration, it is segregated into oral, injectable, and others. The oral segment acquired the major share of the osteoporosis drugs market, owing to the abundant availability of medications, which are available as oral drugs in the market. Conversely, the injectable segment is expected to grow at the fastest CAGR during the forecast period, owing to factors such as the rise in the need for drugs, which exhibit improved bioavailability rapid mode of action.

Top 5 Major Players

The Canadian osteoporosis drugs market is moderately competitive, and the prominent players in the market have adopted various strategies to garner maximum market share. These include collaboration, product launch, partnership, and acquisition. IN 2019, Health Canada Approved EVENITY by Amgen for the treatment of osteoporosis in postmenopausal women at high risk for fracture. Major players operating in the market include Amgen Inc., F. Hoffmann-La Roche AG, Merck & Co. Inc., Novartis AG, Pfizer Inc., Eli Lilly, AbbVie Inc., and Sanofi, etc.

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The report covers the competitive analysis of the market. As the demand is driven by a buyer's paying capacity and the rate of item development, the report shows the important regions that will direct growth. This section exclusively shares insight into the budget reports of big-league members of the market helping key players and new entrants understand the potential of investments in the Global Canada Osteoporosis Drugs Market. It can be better employed by both traditional and new players in the industry for complete know-how of the market.

Strategic Points Covered in Table of Content of Global Canada Osteoporosis Drugs Market:

Chapter 1: Introduction, market driving force product Objective of Study and Research Scope the Canada Osteoporosis Drugs market
Chapter 2: Exclusive Summary - the basic information of the Canada Osteoporosis Drugs Market.
Chapter 3: Displaying the Market Dynamics- Drivers, Trends and Challenges & Opportunities of the Canada Osteoporosis Drugs
Chapter 4: Presenting the Canada Osteoporosis Drugs Market Factor Analysis, Porters Five Forces, Supply/Value Chain, PESTEL analysis, Market Entropy, Patent/Trademark Analysis.
Chapter 5: Displaying the by Type, End User and Region/Country
Chapter 6: Evaluating the leading manufacturers of the Canada Osteoporosis Drugs market which consists of its Competitive Landscape, Peer Group Analysis, BCG Matrix & Company Profile
Chapter 7: To evaluate the market by segments, by countries and by Manufacturers/Company with revenue share and sales by key countries in these various regions
Chapter 8 & 9: Displaying the Appendix, Methodology and Data Source

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In conclusion, the Canada Osteoporosis Drugs Market report is a genuine source for accessing the research data which is projected to exponentially grow your business. The report provides information such as economic scenarios, benefits, limits, trends, market growth rates, and figures. SWOT analysis and PESTLE analysis is also incorporated in the report.

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