Global Postmenopausal Osteoporosis Market, by Drug Class (Bisphosphonates, Selective Estrogen Receptor Modulators (SERMs), RANK Ligand Inhibitors, Anabolic Class, Calcium Metabolism Modifiers, and Others (Calcitonin, Denosumab among Others)), by Route of Administration (Oral, Intravenous Route, and Subcutaneous), by Distribution Channel (Hospital Pharmacies, Retail Pharmacies, and Online Pharmacies), by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) is estimated to be valued at US$ 4,547.8 Million in 2022 and is expected to exhibit a CAGR of 4.4% during the forecast period (2022-2030), as highlighted in a new report published by Coherent Market Insights.
The key players in the market are focusing on product launches to strengthen their market presence in the global postmenopausal osteoporosis market, which is expected to drive the market growth over the forecast period. For instance, on July 15, 2022, Chugai Pharmaceutical Co., Ltd. is a pharmaceutical drug manufacturer operating in Japan has announced that its wholly-owned group company in China, Chugai Pharma China Co., Ltd., launched Edirol (generic name: eldecalcitol) in China for the treatment of postmenopausal osteoporosis. Edirol is an active vitamin D3 derivative created by Chugai. The product obtained regulatory approval from the China National Medical Products Administration (NMPA) in December 2020.
Global Postmenopausal Osteoporosis Market– Impact of Coronavirus (COVID-19) Pandemic
The World Health Organization (WHO) designated the illness caused by the severe acute respiratory syndrome coronavirus 2 (SARS-CoV-2) that first appeared in Wuhan (province of Hubei, China) in the last months of 2019 as "coronavirus disease 2019," or COVID-19. This virus spread quickly and had a serious negative impact on the economies, social behaviors, and health of every country in the world.
COVID-19 can affect the economy in three main ways; by directly affecting production and demand, by creating disruptions in distribution channels, and through its financial impact on firms and financial markets. Due to the lockdown, several countries such as India, China, Brazil, and others are facing problems with the transportation of drugs from one place to another.
COVID-19 has affected the economy in three main ways: by directly affecting production and demand of drugs and vaccines, by creating disruptions in distribution channels, and through its financial impact on firms and financial markets. Due to nationwide lockdowns, several countries, such as China, India, Saudi Arabia, UAE, Egypt, and others, faced problems with regard to the transportation of drugs and vaccines from one place to another.
The COVID-19 pandemic had a negative impact on the osteoporosis treatment market, owing to disruption of fracture liaison services. Moreover, during the pandemic, hospitals and private health clinics cancelled non-emergency procedures and office visits, and several U.S. citizens postponed care to stop the spread of the virus, which further affected the osteoporosis market. A Morbidity and Mortality Weekly Report by the Centers for Disease Control and Prevention (CDC) acknowledged that by the end of June 2020, an estimated 41% of adults in the U.S. had delayed or avoided medical care including urgent or emergency care (12%) and routine care (32%) because of concerns or changes in healthcare delivery related to COVID-19.
Global Postmenopausal Osteoporosis Market: Key Developments
On August 25, 2022, Alvotech, a global biotech company specializing in the development and manufacture of biosimilars medicines, announced the initiation of a confirmatory patient study for AVT03 (denosumab), a biosimilar candidate for Prolia and Xgeva. The objective of the study is to demonstrate the clinical similarity of AVT03 to Prolia in terms of efficacy, safety, immunogenicity, and pharmacokinetics in postmenopausal women with osteoporosis.
Browse 58 Market Data Tables and 53 Figures spread through 339 Pages and in-depth TOC on “Global Postmenopausal Osteoporosis Market”- Forecast to 2030, by Drug Class (Bisphosphonates, Selective Estrogen Receptor Modulators (SERMs), RANK Ligand Inhibitors, Anabolic Class, Calcium Metabolism Modifiers, and Others (Calcitonin, Denosumab among Others)), by Route of Administration (Oral, Intravenous Route, and Subcutaneous), by Distribution Channel (Hospital Pharmacies, Retail Pharmacies, and Online Pharmacies), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa)
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