South Korea Osteoporosis Therapeutics Market Growing Trade Among Emerging Economies Opening New Opportunities (2023-2028)

The South Korea Osteoporosis Therapeutics 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 South Korea Osteoporosis Therapeutics market. This report explores all the key factors affecting the growth of the global South Korea Osteoporosis Therapeutics market, including demand-supply scenario, pricing structure, profit margins, production, and value chain analysis.

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Report Overview

The South Korea osteoporosis therapeutics market size stood at around USD 12.8 million in 2020 and is projected to reach xx million by 2028, exhibiting a CAGR of xx% during the forecast period.

Osteoporosis is characterized by low density and quality of bones. In this medical condition the bones become porous, which makes them more fragile and prone to factures. The condition is caused by over production of the hormone called as parathyroid. The condition can lead to severe fractures, which can have deleterious effects on the health of patient. Therefore, the condition requires treatment, which includes the use of osteoporosis drugs.

Such age-related chronic diseases are an emerging issue due to increased social costs and loss of labour. Osteoporosis is one of the most common chronic diseases in the elderly population. According to a fact sheet published by the International Osteoporosis Foundation, 200 million women have osteoporosis worldwide and 8.9 million osteoporotic fractures occur annually, and one in three women and one in five men aged over 50 could experience fragility fractures in their lifetime.

Market Drivers

Rise is geriatric population is major driver for this market. South Korea is a country with a rapidly growing population, aged 65 years or over. In 2000, the elderly population accounted for 7.3% of the population and thereafter, Korea became an aging society. In 2017, the elderly accounted for 14.2% of the population. This figure is expected to reach 20.3% in 2025 and Korea will be considered a super-aged society. Prevalence rate of osteoporosis has increased over the years which is another major factor for increase in market size.

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Market Segmentation

By Drug Type:

According to type of drugs anti osteoporosis drugs can be segmented as bone resorption inhibitors and bone forming agents. Former class of drugs include bisphosphonates, selective oestrogen receptor modulators (SERMs), calcitonin, denosumab, ipriflavone, vitamin K (menatetrenone) and strontium ranelate and latter includes parathyroid hormone (PTH; teriparatide)

By product, bisphosphonates acquired the major share of osteoporosis drugs market in 2018, owing to 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. SERMs were the second most prescribed.

By End User:

According to the end user market can be segmented as inpatient clinics, outpatient clinics and hospitals.

Top Players

Key companies are mainly focusing on investing the research and development activities in developing innovative drugs to cure osteoporosis. In addition to this, companies are adopting attractive pricing strategies for the medicines so that patients from developing and underdeveloped countries can afford the drugs. Some of the companies which are currently dominating the market in various therapies are Amgen Korea, Eli Lilly Korea, Chong Kun Dang, Takeda pharmaceuticals, Alvogen Korea, Daewon Pharmaceuticals

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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 South Korea Osteoporosis Therapeutics 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 South Korea Osteoporosis Therapeutics Market:

Chapter 1: Introduction, market driving force product Objective of Study and Research Scope the South Korea Osteoporosis Therapeutics market
Chapter 2: Exclusive Summary - the basic information of the South Korea Osteoporosis Therapeutics Market.
Chapter 3: Displaying the Market Dynamics- Drivers, Trends and Challenges & Opportunities of the South Korea Osteoporosis Therapeutics
Chapter 4: Presenting the South Korea Osteoporosis Therapeutics 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 South Korea Osteoporosis Therapeutics 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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