The worldwide osteoporosis drugs market is predicted to witness a notable growth due to the growing occurrence of osteoporosis along with growing old age population during the estimated period. Availability of technically advanced treatment alternatives combined with growing levels of patient awareness, occurrences of chronic ailments and lifestyle related ailments are further predicted to promote the growth and expansion of the global osteoporosis drugs market.
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Osteoporosis is a chronic ailment that is featured by reduction in bone mass and bone tissues resulting in bone cracks & fractures. It is also considered as a life threatening ailment owing to serious damage and related pain with it. Few of the factors causing osteoporosis are genetic factors, old age, calcium deficiency, vitamin D deficiency, wrong dietary habits, sedentary/inactive lifestyle, and smoking, low body mass, excessive consumption of alcohol, particular medicines, menopause and history of rheumatoid arthritis. Osteoporosis can be detected by X ray and confirmed through bone density scan or bone density test like Dual energy X-ray absorptiometry used to evaluate the density of bones.
Growing proportion of old age population, drastically changing life patterns affecting health of bones and growing occurrence of osteoporosis in post menopausal women are few of the aspects stimulating the growth and development of the worldwide osteoporosis drugs market. Further, growing consciousness about osteoporosis care among people across the globe, treatment & prevention of osteoporosis plus rising capital investments in research & development activities made by governments as well as private firms (all across the world) for discovering new drugs for treating osteoporosis are few of the factors propelling the growth of the global osteoporosis drugs market. However, the complications and side effects related with the osteoarthritis drugs like nausea, ulcers in esophagus and irritable bowel syndrome are the aspects that can hinder the growth of the global osteoporosis drugs market. In addition to this, copyright expiry of the osteoporosis medicine is also one of the factor hindering the growth of the worldwide osteoporosis drugs market.
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Osteoporosis can be prevented and treated by changing life style, food habits, diet, consuming supplements of calcium & vitamin D, doing regular physical activities & breathing exercises and consuming medicines that help in prevention, cure or treatment of osteoporosis. Further, post menopausal women must undergo regular medical checkups of body and old people/senior citizens who are have age more than 60 years should undergo regular body checkups as a precautionary measure.
The global osteoporosis drugs market is segmented into drug class section which is used to treat the osteoporosis and the kinds of drug availability.
Depending upon the market presence the global osteoporosis drugs market is divided into geographical regions, pipeline drug products, curative uses & applications and copyrights.
The worldwide osteoporosis drugs market by drug class section includes RANK Ligand Inhibitors, Bisphosphonates, Calcitonin, Parathyroid Hormone Therapy, Vitamin D, Selective Estrogen Receptor Modulators, Calcium and Parathyroid Hormone Therapy Drugs. Owing to minimum side effects of the drugs belonging to this drug class section, the demand and focal point of the therapy has shifted towards these treatments. Also the presence of these new drug classes to prevail over the general threats and adverse effects on health caused by these brand drugs is another aspect enhancing the growth and expansion of the global osteoporosis drugs market.
In year 2014, Bisphosphonates was the biggest and well established drug used for treating osteoarthritis. It contributed about 48.4 percent of the total market share of the global market in year 2013. Presence of new drug classes like RANK Ligand Inhibitors and Parathyroid Hormone Therapy are predicted to stimulate the growth of global osteoporosis drug market in future. The Selective Estrogen Receptor Modulators held the second biggest market share of the global osteoporosis drugs market during year 2013. Also the demand for calcium and vitamin D is expected to rise during the forecasted period as they are the best supplements during the extended osteoporosis therapy.
The pipeline drug products like odanacatib and romosozumab are predicted to contribute to the main revenue share of the global osteoporosis drugs market during the forecasted period as they are the best drugs used in treatment of osteoporosis with lesser proportion of side effects.
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The global osteoporosis drugs market by geographical region section includes sub continent of North America, Asia Pacific region, European continent, region of Middle East & Africa and region of Latin America.
The sub continent of North America is the biggest market sector for osteoporosis drugs. This is due to large pool of osteoporosis patients present in the sub continent, presence of well established drugs delivery systems, growing consciousness of the ailment among the population, world class healthcare facilities, advanced healthcare infrastructure and modern medical care infrastructure & facilities available in the sub continent are some of the factors contributing towards the growth and expansion of the osteoporosis drugs market in the sub continent of North America. Further factors like growing proportion of aging population, rise in capital investment in research & development activities for discovering new drugs for treating osteoporosis, effective & proper use of technically advanced equipments for purpose of diagnosis and growing occurrence of lifestyle related ailments in the subcontinent of North America also add to the growth and development of the industry in the sub continent.
The osteoporosis drugs market of Europe follows North America due to favorable government policies, improved healthcare infrastructure & facilities available in the continent and enhanced healthcare services & activities carried out in the continent of the Europe are few of the factors adding to the growth of the industry in this region.
The osteoporosis drugs market of Asia Pacific region is predicted to display high rate of industry growth during the forecasted period owing to factors like lack of nutritious diet consumed in this region, increase in occurrence of osteoporosis, rise in disposable incomes of the people, growing medical & healthcare expenses, increase healthcare awareness towards treatment& diagnosis of osteoporosis, increase in healthcare facilities & activities, rise in patient awareness about the bone health, large pool of patients suffering from osteoporosis, rise in health consciousness among the people of the region, rising consciousness about osteoporosis care among people of the region, enhanced healthcare infrastructure in the region, irregular & changing lifestyles and unhealthy food habits commonly observed in this region.
Countries like India and China of the Asia Pacific region are predicted to be the rapidly evolving future markets for osteoporosis drugs owing to factors like large pool of old age population, changing life patterns, enhanced healthcare expenditure, enhanced healthcare infrastructure, rise in healthcare activities, improved healthcare facilities & services and rising awareness of osteoporosis prevailing in these regions have contributed to the growth of the osteoporosis drugs market in these regions . Further, factors like low expenditure for clinical trials, government support, increase in number of biotechnology companies and growing expenditure on research & development activities by biotechnology organization in future are predicted to offer a great future platform base for the growth osteoporosis drugs market in these regions. All these factors combined have contributed to the growth and expansion of the osteoporosis drugs market in Asia Pacific region.
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