Osteoporosis is a condition in which an individual starts losing his or her bone mass density. The condition increases the risk of bone cracks and fractures. There are several therapeutic options including oral drugs and injectable available for the treatment of osteoporosis. According to Future Market Insights (FMI), the anti-osteoporosis therapy and fracture healing market will register continued growth between 2020 and 2030. By the end of 2021, it is expected to surpass US$ 12 Bn.
Various leading market players are focusing on collaborative product development that has led to product innovation and availability of therapeutic options. For instance, GSK Consumer Healthcare has been established under single business following the completion of the merger of the consumer arms of GSK and Pfizer on August 1 in 2020
Rapidly growing ageing populations and rising prevalence of obesity expected to create considerable growth opportunities. The anti-osteoporosis therapy and fracture healing market is expected to grow significantly in terms of revenue over the forecast period owing to the increase in the availability of technologically advanced products options all over the world.
Moreover, stringent regulations are key restraints affecting growth of anti-osteoporosis therapy and fracture healing market. Side effects caused by osteoporosis drugs such as mild to fatal nausea, skin rashes, and others could affect growth of the market. Stringent regulations imposed by international organizations such as the U.S. Food and Drug Administration, which also conducts frequent revisions of side effects for osteoporosis drugs are challenging anti-osteoporosis therapy and fracture healing market growth.
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Key Takeaways from Anti-osteoporosis Therapy and Fracture Healing Market Study
Anti-osteoporosis therapy and fracture healing market is expected to register 4.5% Y-o-Y growth in 2021
The demand from the U.S. is expected to be considerably, enabling it to account for a little below 90% of the North America market
The U.K. market is expected to register 5.4% Y-o-Y growth in 2021
France and Germany are likely to exhibit considerably high demand for anti-osteoporosis therapy and fracture healing
Within East Asia, both Japan and South Korea will emerge as key markets
“Increasing prevalence of osteoporosis and rising number of road accidents have fuelled the demand for minimally invasive therapeutics, which is sees as a key market driver. Market players are currently focusing on expanding their distribution channels to strengthen their footprint within the market, while hospital pharmacies continue to remain their preferred channel,” a lead FMI analyst.
Product Launches Remain Key Strategy
Product approvals by the U. S. FDA for anti-osteoporosis therapy and fracture healing drugs as well as injectable are expected to push towards high competition among market players. Numerous companies are focusing on advanced product development that is convenient to use and provide rapid efficacy in the treatment of osteoporosis.
For Instance, in April 2019, Amgen Inc. announced about approval of its EVENITY® by U.S. Food and Drug Administration (FDA) used in the treatment of postmenopausal women at high risk for fracture. According to FMI, oral drugs will continue accounting for the leading market share. Oral will remain highly preferred as route of drug administration, accounting for over 64% of the market in 2021.
Who is winning?
The global market is set to broaden its scope in the forecast period, stimulated by high prevalence rate of osteoporosis, rising geriatric population globally and adoption of advanced anti-osteoporosis therapy and fracture healing products which can be used for long term care needs. In addition to this, changing regulatory dynamics and patent expiry of blockbuster drugs has constrained the sales of anti-osteoporosis therapy and fracture healing products.
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The key market players covered by FMI include
- Eli Lilly and Company
- Pfizer, Inc.
- Amgen Inc.
- Merck and Company Inc.
- Novartis International AG
- F. Hoffmann La Roche Ltd.
- Teva Pharmaceutical Industries Ltd.
- GlaxoSmithKline Plc.
consolidating their positions through mergers, acquisitions and new product launches.
Anti-osteoporosis Therapy and Fracture Healing Market by Category
- Estrogen or Hormone Replacement Therapy
Route of Administration
- Hospital Pharmacies
- Drug Stores
- Retail Pharmacies
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Middle East and Africa (MEA)