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Leading Element Driving Change in the Prolia Or Ranmark Market in 2025: Rising Osteoporosis Prevalence Fuels Growth Of Market Driver
What Are the Market Size and Growth Forecast for the Prolia Or Ranmark Market?In recent times, the market size for Prolia or Ranmark has experienced a $XX. Expectations see it escalating from $XX million in 2024, to grow at a compound annual growth rate (CAGR) of $XX%, reaching up to $XX million in 2025. Factors contributing to this growth during the historical period are attributed to the rising instances of osteoporosis, enhancing awareness and diagnosis, the efficiency, and safety profile for extended indications. Simultaneously, the aging population is on the increase alongside advancements in research and development skills.
In the forthcoming years, the market size of prolia or ranmark is projected to witness an $XX growth. With a compound annual growth rate (CAGR) of $XX%, it is anticipated to reach $XX million by 2029. The upsizing during the forecast period is likely due to increasing healthcare investments in drug development and discovery, growth of generic drugs, a rise in approval for medications, an increase in postmenopausal disorders, and enhanced focus on bone health diagnostics. Key trends to watch during this period include the progress in biological therapies, developments in the technology of drug delivery, incorporation of digital health, enhancements in personalized medicine, telemedicine and remote monitoring.
What Is Contributing to the Growth of the Prolia Or Ranmark Market?
The escalating occurrence of osteoporosis is projected to fuel the expansion of the prolia or ranmark market in the future. Considered a systemic skeletal disorder, osteoporosis is typified by diminished mineral density and degradation of bone tissue microarchitecture, which consequently heightens bone fragility and fracture risks. The incidence of osteoporosis lies in factors such as aging, hormonal discrepancies, genetics, inadequate calcium and vitamin D intake, lack of physical activity, smoking, and excess drinking. Prolia or ranmark (denosumab), aids in osteoporosis management by restraining osteoclast activity involved in bone resorption, thereby escalating bone density and minimizing fracture risks in osteoporotic patients. For instance, the Australian Institute of Health and Welfare, a government agency based in Australia, reported in June 2024 that about 853,600 people (3.4%) in Australia had osteoporosis or osteopenia in 2022. Furthermore, 1.4% of all deaths in 2022, equivalent to 2,659 deaths or 10.2 deaths per 100,000 population, were due to osteoporosis. Therefore, the proliferating incidence of osteoporosis is propelling the growth of the prolia or ranmark market.
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Which Key Market Leaders Are Driving Prolia Or Ranmark Industry Growth?
Major companies operating in the prolia or ranmark market include Amgen Inc.; Daiichi Sankyo Co. Ltd.
What Are the Main Segments in the Prolia Or Ranmark Market?
The prolia or ranmark market covered in this report is segmented -
1) By Indication: Osteoporosis, Bone Metastasis
2) By Distribution Channel: Hospital Pharmacies, Retail Pharmacies, Online Pharmacies
3) By End User: Hospitals, Specialty Clinics, Homecare, Ambulatory Surgical Centers
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Which Geographic Area Leads the Prolia Or Ranmark Market?
North America was the largest region in the prolia or ranmark market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the prolia or ranmark market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
What Is Covered In The Prolia Or Ranmark Global Market Report?
- Market Size Analysis: Analyze the prolia or ranmark Market Size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the prolia or ranmark 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 prolia or ranmark market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the prolia or ranmark market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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