Bisphosphonate Drug Market Size, Current Insights and Competitive Dynamics 2023-2030

Market Overview:
Bisphosphonates are drugs that inhibit mineralization or resorption of the bone by blocking the action of osteoclasts. Bisphosphonates are enzyme-resistant analogues of pyrophosphate, which normally inhibits mineralization in the bone. Their effect is dose dependent and they reduce the turnover of bone by inhibiting recruitment and promoting apoptosis of osteoclasts. Bisphosphonates are used to treat postmenopausal and glucocorticoid induced osteoporosis, Paget's disease of bone and malignant hypercalcemia. Almost every country in the world is experiencing an increase in the number and proportion of the elderly in its population. According to the data of world population prospects: 2019 revision, by 2050, one sixth of the people in the world will be over 65 years old (16%), which is higher than one tenth (9%) in 2019. By 2050, a quarter of the population living in Europe and North America will be aged 65 or above. In 2018, the number of people aged 65 and over in the world exceeded that of children under 5 for the first time. The number of people aged 80 or above is expected to triple, from 143 million in 2019 to 426 million in 2050. Bone loss occurs when more bone is resorbed than formed by the body. Bone formation continues until peak bone mass (maximum solidness and strength) is reached. Bone mass, or bone density, peaks around age 30. After age 30, bone resorption slowly begins to outpace new bone formation. This can lead to bone loss. Bone loss is most rapid in women in the first few years after menopause but can continue into old age. Bisphosphonate drugs can slow bone loss. Their goal is to break down old bone and slow down its active osteoclasts, thereby reducing bone breakdown. The aging of the population will become an important driving force to promote the growth of the demand in the Bisphosphonate Drug market, and people's demand for drugs is constantly increasing. Osteoporosis is a serious disease that affects millions of people around the world. Without prevention or treatment, osteoporosis can develop without pain or symptoms until a fracture is broken. Paget's disease of bone is a chronic disease of the skeleton. Paget's disease most often affects older people, occurring in approximately 2 to 3% of the population over the age of 55. Prostate cancer is the most common cancer in men in the United States and the second leading cause of cancer death in men. One in seven men will be diagnosed with prostate cancer in their lifetime. North America had the highest growth rate of all regions. The top three companies are Teva Pharmaceuticals, Novartis, AbbVie, with the revenue market share of 6.07%, 5.03% and 4.90% in 2021.

Bisphosphonate Drug market reached a value of USD 4091.93 million in 2022. It's expected that the market will achieve USD 5273.91 million by 2028, exhibiting a CAGR of 4.32% during the forecast period.

A thorough understanding of the Pharmaceuticals sector and its commercial potential is the aim of the market study. The Bisphosphonate Drug Market Report has 122 pages and has a detailed table of contents, a list of data, tables, and charts, along with an in-depth analysis.

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Market Segmentation:
Leading Players in the Bisphosphonate Drug Industry:

Sun Pharma
AbbVie
Organon & Co.
Teva Pharmaceuticals
CIPLA
Novartis
Roche
Apotex Corp
Viatris Inc.
Aurobindo Pharma

To preserve their position, these big corporations relied on primary growth tactics such as product portfolio expansion, current trends, financing, mergers and acquisitions, partnerships, new product invention, and geographical development.

Based on Type:
Alendronate
Risedronate
Zoledronic Acid
Other Bisphosphonate Drug

Based on Application:
Postmenopausal Osteoporosis
Men with Osteoporosis
Paget's Disease
Bone Loss Caused by Cancer Treatment
Glucocorticoid-induced Osteoporosis

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Key Factors Considered:
COVID-19 - Amid the COVID-19 crisis, the Bisphosphonate Drug market has definitely taken a hit. The report describes the market scenario during and post the pandemic in the vision of upstream raw materials, major market participants, downstream major customers, etc. Other aspects, such as changes in consumer behavior, demand, transport capacity, trade flow under COVID-19, have also been taken into consideration during the process of the research. The epidemic is still causing tremendous disruption in industries throughout the world. We've been tracking the direct and indirect consequences of the COVID-19 outbreak on the Bisphosphonate Drug market. To Know How Covid-19 Pandemic will Impact this Industry - https://www.precisionreports.co/enquiry/request-covid19/23298545

Regional Conflict / Russia-Ukraine War - The report also presents the impact of regional conflict on this market in an effort to aid the readers to understand how the market has been adversely influenced and how it's going to evolve in the years to come.

Challenges & Opportunities - Factors that may help create opportunities and boost profits for market players, as well as challenges that may restrain or even pose a threat to the development of the players, are revealed in the report, which can shed a light on strategic decisions and implementation.

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Market is changing rapidly with the ongoing expansion of the industry. Advancement in the technology has provided today's businesses with multifaceted advantages resulting in daily economic shifts. Thus, it is very important for a company to comprehend the patterns of the market movements in order to strategize better. An efficient strategy offers the companies with a head start in planning and an edge over the competitors. Precision Reports is the credible source for gaining the market reports that will provide you with the lead your business needs.

This release was published on openPR.