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Follow on Google News | Osteoporosis Drugs Market to See Strong Growth and Business OpportunitiesThe global osteoporosis drugs market was valued at $8,835.4 million in 2015 and it is expected to grow at a CAGR of 3.8% during 2016-2022.
By: P&S Intelligence The osteoporosis drugs market is observing the trend of increasing awareness about the disease and its possible management and treatment methods. With the rising incidence of osteoporosis, many organizations are focusing on creating awareness among the masses regarding it via various campaigns and programs. For instance, the International Osteoporosis Foundation has tasked itself with making people aware about the disease as well as bone health. For the same purpose, Nestlé partnered with the foundation to spread awareness about the preventive measures for osteoporosis. Download Report Sample at: https://www.psmarketresearch.com/ The major factor contributing to the growth of the osteoporosis drugs market is rapid urbanization, leading to drastic changes in the environment and people's lifestyle. As per the World Health Organization figures, currently over 50.0% of the world's population resides in urban areas, which is expected to grow to 70.0% by 2050. Urbanization at such a large scale has left a negative impact on the environment, as a result, affecting people's health. Unhealthy habits, such as inadequate physical activity, smoking, tobacco and alcohol consumption, and low calcium diet, also affect the bone health. The osteoporosis drugs market is segmented by region and drug type. Based on drug type, the categories are bisphosphonates, calcitonin, parathyroid hormone therapy, rank ligand inhibitor, selective estrogen receptor modulator, and others. In 2015, the bisphosphonates category made up for the largest market share in terms of revenue, and is expected to be the largest revenue generator even during the forecast period. However, the rank ligand inhibitor category would witness the fastest growth in the forecast years. Hence, with more people falling prey to this degenerative disease, the market for osteoporosis drugs would continue to flourish. End
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