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Emerging Mineral And Bone Disorder Treatment Market Trend 2025-2034: Major Companies Focus On New Product Development To Gain A Competitive Edge
"How Is the Mineral And Bone Disorder Treatment Market Projected to Grow, and What Is Its Market Size?The mineral and bone disorder treatment market is set to grow from $3.3 billion in 2024 to $3.55 billion in 2025, at a CAGR of 7.7%. This growth is driven by the increasing prevalence of chronic kidney disease, an aging population, rising awareness of mineral and bone disorders, better availability of treatments, and growing disposable income levels.
Mineral and Bone Disorder Treatment Market: Expected to grow to $4.68 billion by 2029 at a CAGR of 7.1%. Growth is attributed to quality of life treatments, personalized medicine, and government healthcare spending. Trends include pharmaceutical developments, biologic therapies, and telehealth.
What Are the Key Drivers Behind the Growth of the Mineral And Bone Disorder Treatment Market?
The increasing elderly population is projected to boost the growth of the mineral and bone disorder treatment market. Elderly individuals, those aged 65 and older, often experience bone and muscle loss, leading to frailty and weakness. Mineral and bone treatments help prevent these age-related conditions, strengthening bones and slowing bone loss. According to the UK Parliament's House of Commons Library, 12.7 million people in the UK were aged 65 or older in 2022, making up 19% of the population. This number is expected to grow to 22.1 million by 2072, driving the market for mineral and bone disorder treatments.
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Who Are the Major Industry Players Fueling Mineral And Bone Disorder Treatment Market Expansion?
Major companies operating in the mineral and bone disorder treatment market are Pfizer Inc., Merck & Co. Inc., Bayer AG, Novartis AG, Bristol-Myers Squibb Company, Takeda Pharmaceutical Co. Ltd., Eli Lilly And Company, Amgen Inc., GlaxoSmithKline PLC, Teva Pharmaceuticals Industries Ltd., Mylan N.V., Daiichi Sankyo Company Limited, Servier Laboratories Pty Ltd., Sun Pharmaceutical Industries Ltd., Aurobindo Pharma Limited, Cipla Limited, Dr. Reddy's Laboratories Ltd., Hikma Pharmaceuticals PLC, Glenmark Pharmaceuticals Ltd., Alkem Laboratories Ltd., Zydus Cadila Healthcare Ltd., Alembic Pharmaceuticals Limited, Ajanta Pharma Ltd., Abiogen Pharma Spa, Melinta Therapeutics Inc., Intas Pharmaceuticals Ltd., Radius Health Inc., EffRx Pharmaceuticals SA.
What Are the Emerging Trends in the Mineral And Bone Disorder Treatment Industry?
In the mineral and bone disorder treatment market, major companies are focusing on the development of new products and obtaining approvals to strengthen their market position. As the aging population grows and chronic kidney disease rates increase, drug approval in this sector is on the rise. For instance, in December 2022, Radius Health Inc., a US-based biopharmaceutical company, received approval for TYMLOS (abaloparatide), a parathyroid hormone-related peptide (PTHrP(1-34)) analog used to increase bone density in men with osteoporosis at high fracture risk. This drug acts as an anabolic agent for bone formation by selectively activating the parathyroid hormone 1 receptor, leading to increased bone density.
How Is the Segmentation of the Mineral And Bone Disorder Treatment Market Defined?
The mineral and bone disorder treatment market covered in this report is segmented -
1) By Treatment: Diet, Nutrition, Medication, Supplements, Dialysis
2) By Distribution Channel: Hospital Pharmacy, Online Pharmacy, Retail Pharmacy
3) By End User: Hospitals, Homecare, Specialty Clinics, Other End Users
Subsegments:
1) By Diet: Calcium-Rich Foods, Vitamin D-Enriched Foods, Phosphorus-Rich Foods
2) By Nutrition: Nutritional Counseling, Fortified Food Products, Meal Replacement Programs
3) By Medication: Bisphosphonates, Hormonal Therapies, RANK Ligand Inhibitors
4) By Supplements: Calcium Supplements, Vitamin D Supplements, Multivitamin Supplements
5) By Dialysis: Hemodialysis, Peritoneal Dialysis, Continuous Renal Replacement Therapy (CRRT)
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What Is the Leading Region in the Mineral And Bone Disorder Treatment Market?
North America was the largest region in the mineral and bone disorder treatment market in 2024. The regions covered in mineral and bone disorder treatment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
What Is Covered In The Mineral And Bone Disorder Treatment Global Market Report?
- Market Size Analysis: Analyze the Mineral And Bone Disorder Treatment Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Mineral And Bone Disorder Treatment Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Mineral And Bone Disorder Treatment Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Mineral And Bone Disorder Treatment Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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