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The North America osteoporosis treatment market size is expected to experience exponential growth by reaching USD 8.29 billion by 2027. The growth is attributable to the increasing geriatric population in countries such as the U.S. and Canada that is driving the North America osteoporosis treatment demand during the forecast period. This information is published by Fortune Business Insights in its latest report, titled, “North America Osteoporosis Treatment Market Size, Share & COVID-19 Impact Analysis, By Drug Class (Bisphosphonate, Hormone Replacement Therapy, Selective Estrogen Receptor Modulator (SERMs), RANK ligand (RANKL) Inhibitor, and Others), By Route of Administration (Oral, and Parenteral); By Distribution Channel (Hospitals Pharmacies, Retail Pharmacies & Stores, and Online Pharmacies), 2020-2027.” The report further observes that the market stood at USD 5.18 billion in 2019 and is projected to exhibit a CAGR of 6.6% between 2020 and 2027.
International Osteoporosis Foundation (IOF) Announces Novel-type of Partnership to Reduce Osteoporosis Fractures by 25%
In June 2020, the International Osteoporosis Foundation (IOF) announced partnership with UCN, Amgen, and the University of Oxford to Support its Capture the Fracture Program. The primary aim of the program is to reduce vertebral and hip fractures by almost 25% by 2025. This is likely to be achieved by implementing post-fracture care (PFC) programs across several healthcare systems and hospitals to help patients prevent fractures and educate them about the treatment solutions. Such initiatives are expected to contribute to the growth of the market for North America osteoporosis treatment.
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Increasing Geriatric Population to Propel Market Growth
As per the report by the U.S. Census Bureau, the population above 65 years of age in the U.S. has increased by over 13.7 million since 2010. The increasing number of geriatric population is likely to lead to the growing number of osteoporosis cases in the U.S. For instance, according to the World Health Organization (WHO), 54% of the U.S. adult population above 50 years and older suffer from fragile bones. This is leading to the increasing adoption of therapeutic solutions in the market for North America osteoporosis treatment. Therefore, the growing geriatric population is likely to boost the North America osteoporosis treatment market growth during the forecast period.
Prominent Companies Focus on Product Innovation to Intensify Industry Competition
The North America market is fragmented by the presence of major companies striving to maintain a stronghold by developing novel therapeutics solutions to gain a competitive edge over their rivals. Moreover, other key players are adopting strategies such as merger and acquisition, partnership, and collaboration to maintain their presence in the market during the forecast period.
List of the Companies Profiled in the Market:
Further Report Findings:
The market is segmented as follows:
Value (USD billion)
By Drug Class
By Route of Administration
By Distribution Channel