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Key Trend Reshaping the Mineral And Bone Disorder Treatment Market in 2025: Innovative Mine Rescue Vehicle Solutions Enhance Safety And Efficiency In Challenging Mining Environments
What combination of drivers is leading to accelerated growth in the mineral and bone disorder treatment market?The escalation in the number of elderly people is anticipated to enhance the expansion of the mineral and bone disorder treatment market. Those who are 65 years of age or older constitute this particular demographic section. Loss of muscle and bone mass, resulting in weakness and diminished strength, is a common ailment among older individuals. Age-induced alterations in muscles, bones, and joints can be combated using mineral and bone treatments, which also aid in bone strengthening and slowing down the rate of bone loss. As an example, per the UK Parliament's House of Commons Library, another UK-based governmental agency, the number of individuals aged 65 and above is projected to be 12.7 million, or 19% of the entire population, in 2022. In the future, specifically by 2072, this population is predicted to increase to 22.1 million, forming 27% of the population. Hence, the burgeoning elderly population propels the growth of the mineral and bone disorder treatment market. Mineral And Bone Disorder Treatment Market Driver: Rising Incidences Of Chronic Kidney Ailments Boost Mineral And Bone Disorder Treatment Market Growth
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What is the projected compound annual growth rate (CAGR) of the mineral and bone disorder treatment market from 2025 to 2034, and what factors influence it?
There has been substantial growth in the market size of treatments for mineral and bone disorders in recent times. Its value is projected to increase from $3.3 billion in 2024 to $3.55 billion in 2025, following a Compound Annual Growth Rate (CAGR) of 7.7%. The expansion during the historic period is a result of factors such as chronic kidney disease, an aging demographic, rising consciousness about mineral and bone conditions, increased access to treatments for these disorders, and growing disposable income levels.
Expectations are high for the mineral and bone disorder treatment market to experience robust growth in the coming years. By 2029, it is predicted to reach a value of $4.68 billion, reflecting a compound annual growth rate (CAGR) of 7.1%. This forecasted growth can be attributed to factors such as the increasing demand for quality of life treatments, a surge in the need for personalized medicines, investments in healthcare by the government, and a growing awareness of the value of early diagnosis. Key trends driving this forecasted period include advances in medical research, innovations in the pharmaceutical sector, the emergence of digital health, biologic therapies, as well as telehealth and remote monitoring.
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How are the latest trends influencing the growth of the mineral and bone disorder treatment market?
Top corporations in the mineral and bone disorder treatment sector are investing in the invention of novel products and securing approval for these drugs, aiming to solidify their market standing. The green light for mineral and bone therapies is on the rise, fueled by the elderly population and a growing number of chronic kidney disease cases, such as TYMLOS (abaloparatide). This particular drug, a lab-engineered human parathyroid hormone, is increasingly prevalent. Radius Health Inc., an American biopharmaceutical firm, for example, secured approval in December 2022 for TYMLOS (abaloparatide). This analog of a parathyroid hormone-related peptide [PTHrP(1-34)] is a treatment designed to boost bone density in osteoporosis-prone men at grave risk of fractures. The drug triggers selective activation of the parathyroid hormone 1 receptor (PTH1R) in osteoblasts and osteocytes, resulting in elevated bone formation and density.
What are the major segments of the mineral and bone disorder treatment market and their role in driving growth?
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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Which regions are key players in the growth of 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.
Who are the key firms paving the way for growth in the mineral and bone disorder treatment market?
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.
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What Is Covered In The Mineral And Bone Disorder Treatment Global Market Report?
•Market Size Forecast: Examine the mineral and bone disorder treatment market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the mineral and bone disorder treatment market for a structured understanding.
•Key Players Overview: Analyze major players in the mineral and bone disorder treatment market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the mineral and bone disorder treatment market.
•Segment Contributions: Evaluate how different segments drive overall growth in the mineral and bone disorder treatment market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the mineral and bone disorder treatment market.
•Industry Challenges: Identify potential risks and obstacles affecting the mineral and bone disorder treatment market.
•Competitive Landscape: Review strategic developments in the mineral and bone disorder treatment market, including expansions, agreements, and new product launches.
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