Osteoporosis Drugs Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028 Segmented By Drug Type (Parathyroid Hormone Therapy, Bisphosphonates, Calcitonin, Selective Estrogen Receptor Modulators, and Other Drug Types), By Route of Administration (Oral, Injectables, Others), By Application (Primary Osteoporosis and Secondary Osteoporosis), By Distribution Channel (Hospital Pharmacy, Retail Pharmacy, Online Pharmacy), By Region and Competition

Market Overview

Global Osteoporosis Drugs Market has valued at USD 16.09 Billion in 2022 and is anticipated to project impressive growth in the forecast period with a CAGR of 5.73% through 2028. Osteoporosis is a disease characterized by the deterioration of bone tissues and strength. Diagnosis involves the use of various scans, including X-ray, computed tomography (CT), and magnetic resonance imaging (MRI). Currently, a wide range of drugs are available in different formulations, from regular tablets to intravenous (IV) infusions, to alleviate the symptoms of osteoporosis. These medications help restore the balance between resorption and formation, repair microscopic bone defects, reduce the risk of fractures, and enhance overall muscle strength in patients.

Key Market Drivers

Increasing Incidences of Osteoporosis

The increasing incidences of osteoporosis are undeniably contributing to a significant rise in the demand for osteoporosis drugs. Osteoporosis, characterized by weakened bones that are more prone to fractures, primarily affects the elderly population, especially postmenopausal women. Osteoporosis disproportionately affects women, especially postmenopausal women, due to hormonal changes that accelerate bone loss. As the female population grows, so does the prevalence of osteoporosis, which directly fuels the demand for drugs designed to manage and mitigate the condition.

Growing Clinical Trials and Rising Geriatric Population

Osteoporosis is most common in the elderly, particularly postmenopausal women. With a globally aging population, there is a substantial increase in the number of individuals at risk of developing osteoporosis. As people age, their bone density naturally decreases, making osteoporosis more prevalent among seniors. - There is a significant and growing market opportunity in the field of research and development, as key players continue to invest in enhancing their technological capabilities. These investments are aimed at driving novel advancements that can meet the evolving needs of various industries. Additionally, the market is being influenced by the rising prevalence of osteoporosis, a condition characterized by weakened bones. This trend is creating a demand for innovative solutions that can effectively address the challenges posed by osteoporosis.

For instance, according to a report by the World Health Organization in 2022, the global population of individuals aged 60 and older is projected to reach one in six by the year 2030. By this point, the number of people over the age of 60 is expected to reach a staggering 1.4 billion, marking a significant increase from the 1 billion recorded in 2020. Looking further ahead, the number of individuals aged 60 or older is projected to double by 2050, reaching a staggering 2.1 billion. Furthermore, between 2020 and 2050, the number of people aged 80 or older is expected to triple, reaching a noteworthy 426 million.

These statistics paint a vivid picture of the demographic changes that are taking place globally, underscoring the need for innovative solutions that can cater to the needs of an aging population. As a result, the market for products and services aimed at addressing the challenges associated with aging, such as osteoporosis, is poised for significant growth and presents a unique opportunity for businesses operating in this space.

Improved Awareness and Diagnosis

Advances in medical knowledge and diagnostic technologies have led to more accurate and earlier diagnoses of osteoporosis. Increased awareness of the disease and its potential consequences prompts individuals to seek medical intervention and treatment, driving up the demand for osteoporosis drugs.

The Growing Investments in Research and Development

The expanding body of research on osteoporosis medications, coupled with increased investments by major biopharmaceutical companies, the growing elderly population, and the emergence of innovative technologically advanced therapies, collectively drive the growth of the global osteoporosis drug market.

For instance, in April 2023, the Van Andel Research Institute published a report highlighting a significant factor that contributes to reduced bone density. This discovery holds the potential for developing more efficient medications with fewer adverse effects for women with osteoporosis. The global osteoporosis drugs market is witnessing significant expansion due to increasing research studies on osteoporosis drugs, rising regulatory approvals for innovative products, a growing geriatric population, and advancements in technologically advanced therapies.

In the upcoming years, the market is poised to grow as a result of increased investment in research and development by biotechnology and pharmaceutical companies. For example, in October 2020, the Italian pharmaceutical regulatory body approved human clinical studies for the osteoporosis medicine raloxifene. Researchers believe that this treatment may also have potential benefits for individuals with COVID-19, improving their well-being and reducing contagion. Positive outcomes from clinical trials could lead to the development of new therapeutic options, thereby driving future market expansion. Furthermore, the increasing incidence of osteoporosis worldwide among individuals with reduced bone density is another important factor contributing to market growth. According to Osteoporosis Canada 2022, more than 2.3 million Canadians suffer from osteoporosis, with osteoporosis being responsible for 80% of fractures in adults aged 50 and older.

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Key Market Challenges

Stringent Regulatory Environment

A stringent regulatory environment has played a role in decreasing the demand for osteoporosis drugs, primarily by impacting drug development, marketing, and access. Osteoporosis drugs, like all pharmaceuticals, must undergo rigorous clinical trials and meet stringent safety and efficacy criteria before gaining approval. These trials can be time-consuming and resource-intensive, delaying the introduction of new drugs to the market. Patients suffering from osteoporosis may not have timely access to innovative treatment options, decreasing demand for existing drugs.

Meeting regulatory requirements often entails substantial research and development costs for pharmaceutical companies. These costs can translate into higher prices for osteoporosis drugs, potentially limiting affordability and reducing patient access. Regulatory agencies, understandably, prioritize patient safety. While this is essential, the stringent safety standards can sometimes hinder the availability of certain drugs. This is particularly true if a drug shows even a remote risk of adverse effects, leading to limited demand for drugs with potential benefits.

High Costs Of Treatment

The high costs of treatment pose a significant challenge for the growth of the osteoporosis drugs market vendors. Osteoporosis, a condition characterized by weakened bones, requires long-term management to reduce pain and improve functions. However, as no therapy has the potential to reverse joint damage, patients often face life-long expenses for treating the disease and preventing symptoms using drugs. Moreover, the cost of treatments varies across regions, influenced by various health condition factors.

According to the Centers for Disease Control and Prevention (CDC), osteoporosis is the second most prevalent health condition treated globally. This widespread prevalence imposes a high financial burden not only on patients but also on healthcare systems. The substantial costs associated with managing osteoporosis are expected to hinder the growth of the osteoporosis drugs market during the forecast period.

It is crucial to address the issue of high treatment costs and explore innovative solutions to make osteoporosis drugs more accessible and affordable for patients worldwide. By doing so, we can alleviate the financial burden on individuals and healthcare systems while ensuring effective management of this prevalent health condition.

Key Market Trends

Precision Medicine

The development of personalized osteoporosis treatments tailored to an individual's genetic and lifestyle factors is on the horizon. This approach aims to maximize the effectiveness of therapies while minimizing side effects. Personalized medicine allows for more precise risk assessment. Patients with a family history of osteoporosis or specific genetic predispositions can be identified early, enabling proactive interventions to prevent bone loss and fractures. Personalized medicine may involve adjusting medication dosages based on an individual's genetic and metabolic characteristics. This ensures that patients receive the right amount of medication to achieve therapeutic benefits while minimizing the risk of side effects.

Patients undergoing personalized treatment receive ongoing monitoring and follow-up care. This proactive approach allows healthcare providers to assess treatment efficacy and make adjustments as needed, ensuring that the patient's bone health remains optimized.

Novel Drug Targets

Ongoing research is uncovering new molecular targets for osteoporosis drugs. These targets may include specific proteins or cellular pathways involved in bone metabolism, offering opportunities for innovative drug development. With a deeper understanding of the molecular mechanisms underlying bone metabolism, researchers can design drugs that specifically target these mechanisms. This includes the development of small molecules, antibodies, and other therapeutic agents tailored to interact with specific proteins or signaling pathways.

Ongoing research is uncovering a wealth of knowledge about the molecular targets involved in osteoporosis. These discoveries hold the potential to revolutionize the development of osteoporosis drugs, leading to more effective, targeted, and personalized treatments that improve bone health and reduce the risk of fractures in individuals living with this condition.

Segmental Insights

Route of Administration Insights

Based on the route of administration, the market for osteoporosis is segmented into oral, injectable, and others. Oral drugs are known for being cost-effective and safe, although they may have mild side effects. Rare serious effects, such as osteonecrosis of the jaw, have been reported. However, in terms of effectiveness, oral medications have proven successful in treating osteoporosis. For instance, alendronate (Fosamax) has shown its ability to reduce the risk of hip fractures by 50%. Notably, patients commonly prefer oral drugs due to their convenience and the avoidance of injections or infusions, as indicated by studies focusing on patient preferences. This preference highlights the importance of oral medications in the management of osteoporosis.

Injectable drugs like denosumab (Prolia) have emerged as highly effective options with immediate effects for treating osteoporosis. These medications, while generally safe, do come with the potential for mild side effects. Additionally, there is a rare but serious risk of osteonecrosis of the jaw (ONJ) associated with their use. Despite these considerations, the patent protection granted to these injectable drugs ensures exclusivity, allowing manufacturers to set higher prices. To further maximize their market presence, manufacturers heavily invest in marketing efforts, which in turn influence prescribing patterns. Interestingly, brand loyalty among patients continues to drive the Osteoporosis Drugs Market, even in the presence of alternative treatment options.

Drug Type Insights

In terms of Drug Type, the bisphosphonates accounted for a significant share of the osteoporosis drugs market in 2022. This can be attributed to the increased investment in research and development of advanced novel bisphosphonates drugs by major players in the pharmaceutical industry. Moreover, bisphosphonates are widely prescribed drugs for the treatment of osteoporosis, which further drives the growth of the market.

On the other hand, the rank ligand inhibitors segment is projected to witness the fastest growth rate during the forecast period. This is primarily due to the fact that these drugs are specifically used to treat bone metastasis by acting as a chemoattractant to bone for tumor cells expressing its receptor, RANK. As a result, the inhibition of the RANKL-RANK pathway serves as an ideal treatment approach for bone metastasis. The detailed understanding and utilization of these drug types contribute to the advancement of osteoporosis treatment, ultimately improving the quality of life for patients affected by this condition.

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Regional Insights

Region wise, North America accounted for the major share in 2018 and is expected to continue this trend. This can be attributed to the easy availability of osteoporosis drugs in the region, which has contributed to its growth. Additionally, the surge in the incidence of osteoporosis has further fueled the demand for these drugs.

On the contrary, Asia-Pacific is anticipated to register the fastest growth during the forecast period. This can be attributed to the increasing awareness regarding the use of osteoporosis drugs in the region. Furthermore, the constantly evolving life science industry has been a key driver of the market's growth in developing economies such as India, China, and Malaysia. The presence of a robust market and the focus on research and development activities have propelled the growth of the osteoporosis drugs market in these regions.

Recent Developments

• In May 2023, a recent real-world study involving nearly half a million postmenopausal women with osteoporosis in the U.S. Medicare program revealed that Prolia (denosumab) injection demonstrated a reduction in fracture risk when compared to oral alendronate, a commonly prescribed bisphosphonate medication. Furthermore, the long-term use of Prolia was associated with significant decreases in the risk of fractures.
• In August 2021, Enzene Biosciences Ltd obtained Marketing Authorization (MA) from the Drug Controller General of India (DCGI) for its biosimilar drug, denosumab. This particular drug is indicated for the treatment of osteoporosis in adults.
• In January 2021, Livogiva, an osteoporosis medicine, was launched in Europe by Theramex, a pharmaceutical company headquartered in London.

Key Market Players

• Eli Lilly and Company
• Pfizer Inc.
• F. Hoffmann-La Roche
• Teva Pharmaceutical Industries Ltd.
• GlaxoSmithKline plc.
• Novartis International AG
• Merck & Co. Inc.
• Amgen Inc.
• Radius Health Inc.
• Actavis PLC

Report Scope:

In this report, the Global Osteoporosis Drugs Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

• Osteoporosis Drugs Market, By Drug Type:

o   Parathyroid Hormone Therapy

o   Bisphosphonates

o   Calcitonin

o   Selective Estrogen Receptor Modulators

o   Other Drug Types

• Osteoporosis Drugs Market, By Route of Administration:

o   Oral

o   Injectables

o   Others

• Osteoporosis Drugs Market, By Application:

o   Primary Osteoporosis

o   Secondary Osteoporosis

• Osteoporosis Drugs Market, By Distribution Channel:

o   Hospital Pharmacy

o   Retail Pharmacy

o   Online Pharmacy

• Osteoporosis Drugs Market, By Region:

o   North America

§  United States

§  Canada

§  Mexico

o   Europe

§  France

§  United Kingdom

§  Italy

§  Germany

§  Spain

o   Asia-Pacific

§  China

§  India

§  Japan

§  Australia

§  South Korea

o   South America

§  Brazil

§  Argentina

§  Colombia

o   Middle East & Africa

§  South Africa

§  Saudi Arabia

§  UAE

§  Kuwait

§  Turkey

§  Egypt

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global Osteoporosis Drugs Market.

Available Customizations:

Global Osteoporosis Drugs market report with the given market data, Tech Sci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

• Detailed analysis and profiling of additional market players (up to five).

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