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Postmenopausal Osteoporosis Treatment Global Market Growth Opportunities, Emerging Trends, Industry Analysis And Global Forecast 2024 To 2033
Postmenopausal Osteoporosis Treatment Global Market
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According to The Business Research Company's, The postmenopausal osteoporosis treatment market size has grown strongly in recent years. It will grow from $9.49 billion in 2023 to $10.03 billion in 2024 at a compound annual growth rate (CAGR) of 5.7%. The growth in the historic period can be attributed to aging population, hormone replacement therapy, increased awareness, fracture risk reduction, nutritional supplements.
The postmenopausal osteoporosis treatment market size is expected to see strong growth in the next few years. It will grow to $12.38 billion in 2028 at a compound annual growth rate (CAGR) of 5.4%. The growth in the forecast period can be attributed to healthcare infrastructure growth, increased screening programs, precision medicine approaches, biosimilars in osteoporosis treatment, bone health in women's health programs, digital health integration, regenerative medicine approaches. Major trends in the forecast period include diagnostic advances, new drug development, emerging therapies, collaborations for drug development, integration of ai.
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Market Drivers and Trends:
The increasing prevalence of osteoporosis is expected to propel the growth of the postmenopausal osteoporosis treatment market going forward. Osteoporosis is a medical disorder resulting in decreased bone mass and deteriorated bone tissue, increasing weakness, and fracture risk. Postmenopausal osteoporosis treatment helps prevent or manage the condition and reduces the risk of fractures, improving the quality of life and overall health outcomes for affected individuals. For instance, in September 2022, according to Healthy Bones Australia, an Australia-based non-governmental organization, the number of fractures caused by osteoporosis or osteopenia increased from 178,439 fractures in 2021 to 183,105 in 2022. Therefore, the increasing prevalence of osteoporosis is driving the growth of the postmenopausal osteoporosis treatment market.
Product innovations are a key trend gaining popularity in the postmenopausal osteoporosis treatment market. Major companies operating in the postmenopausal osteoporosis treatment market are innovating new products to sustain their position in the market. For instance, in January 2021, Theramex, a UK-based pharmaceutical company, launched Livogiva, specifically designed for patients with osteoporosis. It increases the number of medications in our expanding line-up for treating osteoporosis at all stages, from prevention with calcium and vitamin D to current treatments, which include a next-generation oral bisphosphonate with patient-friendly administration instructions.
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Major Key Players of the Market:
Pfizer Inc., Johnson and Johnson, F. Hoffmann-La Roche AG, Merck and Co. Inc., AbbVie Inc., Bayer AG, Novartis AG, Sanofi SA, Eli Lilly and Company, Amgen Inc., Asahi Kasei Corporation, Viatris Inc., Teva Pharmaceutical Industries Ltd., Mylan N.V., Sandoz International GmbH, Fresenius Kabi AG, Daiichi Sankyo Company Ltd., Sun Pharmaceutical Industries Ltd., Cipla Inc., Dr.Reddys Laboratories Ltd., Hikma Pharmaceuticals PLC., Amneal Pharmaceuticals LLC, Zydus Lifesciences Ltd., Takeda Pharmaceutical Company Limited, Lupin Limited, Celltrion Inc., Biocon Limited, Accord Healthcare Ltd, Ligand Pharmaceuticals Incorporated, Torrent Pharmaceuticals Limited.
Postmenopausal Osteoporosis Treatment Market 2024 Key Insights:
• The postmenopausal osteoporosis treatment market size is expected to see strong growth in the next few years. It will grow to $12.38 billion in 2028 at a compound annual growth rate (CAGR) of 5.4%.
• Rising Prevalence Of Osteoporosis Spurs Momentum In Postmenopausal Osteoporosis Treatment Market
• Innovative Solutions Are The Pioneering Product Developments In Postmenopausal Osteoporosis Treatment Market
• North America was the largest region in the postmenopausal osteoporosis treatment market in 2023
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