PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1528970
PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1528970
Osteoporosis drugs market size will depict a 4.6% CAGR from 2024 to 2032 driven by the increasing prevalence of osteoporosis globally. As per the National Institute of Health, osteoporosis affected over 200 million people globally in 2023. The aging population, particularly in developed countries, is contributing significantly to the rise in osteoporosis cases. With the growth of aging people, bone density naturally decreases, making them more susceptible to fractures and bone-related disorders. Lifestyle factors, such as sedentary lifestyles, poor nutrition, and smoking are further exacerbating the risk of osteoporosis.
The development of new drugs, including bisphosphonates, hormone therapies, and biologics, will also offer more effective options for managing and preventing bone loss. These medications not only help in slowing down bone resorption but also promote bone formation for improving overall bone health. Increasing awareness campaigns and diagnostic screenings for osteoporosis to enhance early detection and treatment initiation will also drive product demand.
The overall industry is divided into type, drug class, route of administration, distribution channel, and region.
Based on type, the osteoporosis drugs market size from the secondary osteoporosis segment is set to grow up to 2032 due to its association with identifiable causes and underlying conditions that contribute to bone loss. Conditions, such as hyperthyroidism, rheumatoid arthritis, and prolonged use of corticosteroids are known to increase the risk of secondary osteoporosis. The management of these underlying conditions is making way for consistent treatment with osteoporosis medications to mitigate bone loss and reduce the risk of fractures.
In terms of distribution channels, the osteoporosis drugs market from the retail pharmacy segment will record a notable growth rate between 2024 and 2032. Retail pharmacies play a crucial role in distributing osteoporosis medications directly to consumers while offering a wide range of drug options and ensuring availability in local communities. With the globally increasing osteoporosis prevalence, particularly among the aging population, the convenience of obtaining medications from retail pharmacies will encourage treatment adherence and patient compliance.
Asia Pacific osteoporosis drugs industry size is anticipated to grow at an impressive pace through 2032. Increasing life expectancy and aging populations across countries like Japan, China, and South Korea are contributing significantly to the rising prevalence of osteoporosis. As this population grows older, the incidence of age-related bone disorders will surge, further necessitating effective treatment options. Government initiatives aimed at improving healthcare infrastructure and promoting preventive care are also bolstering the regional market growth.