Zoledronic Acid Market Overview
The Zoledronic acid market size is estimated to reach $2.83 billion by 2027. Furthermore, it is poised to grow at a CAGR of 5.1% over the
forecast period of 2022-2027. Zoledronic acid is typically sold under the brand
name Reclast. The following acid or medication is used to treat high blood
calcium levels, which may occur post-cancer. The following acid is used to
treat or prevent osteoporosis, a condition in which bones grow thin and weak
and hence, break easily. Moreover, osteoporosis is extremely common in women
who have undergone menopause. Additionally, the following acid class is given
to men who are bound to take glucocorticoids. The following steroid has been
deciphered as the main cause for weak bones. Zoledronic acid in their drug
class are subjected under the group of Bisphosphonates and are popular under
the name of zoledronate. The following drug class is often used along with
chemotherapy, especially in cases of multiple myeloma. Zoledronic acid is often
substituted by another acid class or Actonel, as it exhibits properties that
can prevent or treat osteoporosis or Paget’s disease.
Owing to the rising prevalence of cancer globally and the
awareness pertaining to woman’s health and well-being have been the key factors
driving the Zoledronic Acid Industry forward in the projected period of
2022-2027.
Report Coverage
The report: “Zoledronic
Acid Market Forecast (2022-2027)", by Industry ARC covers an in-depth
analysis of the following segments of the Zoledronic Acid Market.
By Product Form- Injection and Powder.
By Application- Metastatic Bone Cancers, Systemic Metabolic
Bone Diseases, Osteoporosis, Paget’s Disease, and Others.
By Distribution
Channel- Offline and
Online.
By
Geography- North America (U.S., Canada, Mexico), Europe (Germany,
United Kingdom (U.K.), France, Italy, Spain, Russia, and Rest of Europe), Asia
Pacific (China, Japan India, South Korea, Australia, and New Zealand, and Rest
of Asia Pacific), South America (Brazil, Argentina, and Rest of South America),
and Rest of the World (the Middle East, and Africa).
Key Takeaways
- Geographically, North America’s Zoledronic acid market held a dominant share in the year 2021. It is owing to the presence of robust medical infrastructure which supports new drug discoveries and also helps in creating awareness amongst the masses for the benefits a medical product might offer. Moreover, Asia-Pacific is set to offer lucrative growth opportunities to marketers in the projected period of 2022-2027. It is owing to the rising prevalence of cancer and other bone-related diseases which will allow the market to gain a substantial edge.
- The rising cases of bone diseases and the awareness pertaining to post-menopausal women's health products are the key drivers for the market. However, stringent regulations and the availability of alternatives/substitute drug classes are the major market hurdles.
- A detailed analysis of strengths, weaknesses, opportunities, and threats will be provided in the Zoledronic Acid Market Report.
Zoledronic Acid Market- Geography (%) for 2021.
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Zoledronic Acid Market Segmentation Analysis- By Application
The zoledronic acid market
based on the application can be further segmented into Metastatic Bone Cancers,
Systemic Metabolic Bone Diseases, Osteoporosis, Paget’s Disease, and Others.
The osteoporosis segment held a dominant market share in the year 2021. The
following condition/ disease weakens the bone and makes it fragile, whereby the
new bone creation process is slower than old bone removal. The following
condition is highly prevalent in females who have had undergone menopause or
for patients who are on regular consumption of glucocorticoids. The usage of
the following drug class in treating such conditions made it a dominant segment
occupant.
Moreover, the osteoporosis
segment is estimated to be the fastest-growing, with a CAGR of 5.8% over the
forecast period o 2022-2027. As per US CDC and other research institutes, there
are currently 200 million people suffering from the said condition, and nearly
1 in every three women will experience fracture pertaining to osteoporotic
condition. Additional, medical literacy amongst the masses and women will allow
for better adoption of zoledronic acid.
Zoledronic Acid Market Segmentation Analysis- By Distribution Channel
The zoledronic acid market
based on the distribution channel can be further segmented into offline and
online modes. The offline mode held a dominant market share in the year 2021.
It is owing to the easy availability of various drugs from the pharmacy stores.
Additionally, various medical stores have enrolled themselves in the medical
insurance structure. The following addition has allowed the patients to reclaim
or reimburse their money on the said drugs. The following have been a major
trend for its adoption.
However, the online segment
is estimated to be the fastest-growing, with a CAGR of 6.0% over the forecast
period of 2022-2027. It is owing to the availability of various cashback and
discounts which help the following segment gain market traction. For example,
Aclasta 5mg/100 mL infusion by Novartis costs INR 20,500 in the retail segment;
however, companies like Tata 1 Mg and Pharmeasy are offering the same product
at INR 19,692, while if one opts for their “Care Plan,” they can avail the
product for INR 17,662. Hence, with the usage of online promotional strategies
and discounts, the online segment will gain a substantial edge and
momentum.
Zoledronic Acid Market Segmentation Analysis- By Geography
The Zoledronic Acid Market based on Geography can be further segmented into
North America, Europe, Asia-Pacific, South America, and the Rest of the World.
Geographically, North America’s zoledronic acid market held a dominant market
share of 36% as compared to the other regions in 2021. It is owing to the prevalence
of cancer and the easy availability of chemotherapy for the same patients. As
discussed earlier, zoledronic acid is given with chemotherapy to cure the bone
damage caused by cancer which has now spread to the bones. Moreover, 2 million
cancer cases were diagnosed in the US for cancer, out of which around 650,000
patients receive chemotherapy. Owing to such market conditions, the market has
gained a substantial market space.
However, Asia-Pacific is set to offer lucrative opportunities to marketers in the projected period of 2022-2027. It is owing to the increasing digital literacy amongst the woman, which has and will make them aware of the benefits of zoledronic acid in helping and treating osteoporosis post-menopause.
Zoledronic Acid Market Drivers
The use and efficacy of zoledronic acid in reducing the recurrence of giant cell tumors of bone has been a key market driver
The following acid class, which belongs to the group of bisphosphonates, has been gaining immense market traction owing to its ready use in the therapy of giant cell tumor of bone or also known as GCTB. Various researchers have provided their study results, which aids that tumor-related recurrence as a comparison to the control groups is extremely low or rare. Moreover, zoledronic acid induces neoplastic stromal cells, apoptosis, and, lastly, osteogenic differentiation. One of the major cancers which aid zoledronic acid usage is treating cases of multiple myeloma cancer. Around 35,000 cases for the same have been diagnosed in the year 2020 in the US. Moreover, the death ratio for the same cancer is around 35%. Hence, zoledronic acid is actively used in treating the said cancer. Lastly, zoledronic acid has been the recent addition for the treatment of osteoporosis in children and has been approved by the FDA as well.
The usage of zoledronic acid in treating osteoporosis in postmenopausal women has aided the market penetration
Osteoporosis amongst women
around the world has been rising, which has helped the zoledronic acid industry
outlook. The said bisphosphonates work by slowing down cell growth which is
responsible for bone breakage. Additionally, around the world, doctors have
been recommending zoledronic acid as the prime medication to reduce the
incidence of spine and non-spine fractures. Additionally, the said acid is
given in the form of injection every two years to prevent cases of
osteoporosis. Additionally, female literacy around the world stood at 75.44% in
2019; however, it zoomed to 83.024% by 2020. Internet availability and
penetration amongst woman around the world has further substantiated the
awareness pertaining to the use of zoledronic acid.
Zoledronic Acid Market Challenges
The adverse side effects pertaining to the use of zoledronic acid have halted the market growth
As per various doctors and
researchers, zoledronic acid should not be given to people suffering from low
levels of calcium and for people who have had severe kidney diseases.
Hypocalcemia, a condition of low calcium levels, has been found to be
increasing in its prevalence. As per the research, around 18% of hospitalized
patients and 85% of the patients will have the following ailment. Additionally,
owing to an increase in the prevalence of diabetes, the cases of severe kidney
diseases have increased multifold. As per CDC, around 10.5% of the entire
population had diabetes, of which around 7.4 million people had undiagnosed
diabetes. Lastly, the growth of the geriatric population and the rising
prevalence of a sedentary lifestyle will hamper the growth.
Zoledronic Acid Market Industry Outlook
Product launches, mergers and acquisitions, joint ventures,
and geographical expansions are key strategies adopted by players in the Zoledronic
Acid Market. Zoledronic Acid Market top 10 companies include
- Cipla
- Emcure Pharmaceutical
- Hangzhou Longshine Bio-Tech
- Lianyungang Runzhong Pharm
- Mylan Pharms Inc
- Natco Pharma Ltd
- Scinopharm Taiwa Ltd
- Taj Pharmaceutical Ltd
- Tecoland Corp
- Teva Pharmaceutical Industry Ltd
Relevant Titles
Steric
Acids Market- Forecast (2022-2027)
Report Code-CMR 92842
Osteoporosis
Drugs Market- Forecast (2022-2027)
Report Code- HCR 0907
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LIST OF TABLES
LIST OF FIGURES
1.US Zoledronic Acid Market Revenue, 2023-2030 ($M)2.Canada Zoledronic Acid Market Revenue, 2023-2030 ($M)
3.Mexico Zoledronic Acid Market Revenue, 2023-2030 ($M)
4.Brazil Zoledronic Acid Market Revenue, 2023-2030 ($M)
5.Argentina Zoledronic Acid Market Revenue, 2023-2030 ($M)
6.Peru Zoledronic Acid Market Revenue, 2023-2030 ($M)
7.Colombia Zoledronic Acid Market Revenue, 2023-2030 ($M)
8.Chile Zoledronic Acid Market Revenue, 2023-2030 ($M)
9.Rest of South America Zoledronic Acid Market Revenue, 2023-2030 ($M)
10.UK Zoledronic Acid Market Revenue, 2023-2030 ($M)
11.Germany Zoledronic Acid Market Revenue, 2023-2030 ($M)
12.France Zoledronic Acid Market Revenue, 2023-2030 ($M)
13.Italy Zoledronic Acid Market Revenue, 2023-2030 ($M)
14.Spain Zoledronic Acid Market Revenue, 2023-2030 ($M)
15.Rest of Europe Zoledronic Acid Market Revenue, 2023-2030 ($M)
16.China Zoledronic Acid Market Revenue, 2023-2030 ($M)
17.India Zoledronic Acid Market Revenue, 2023-2030 ($M)
18.Japan Zoledronic Acid Market Revenue, 2023-2030 ($M)
19.South Korea Zoledronic Acid Market Revenue, 2023-2030 ($M)
20.South Africa Zoledronic Acid Market Revenue, 2023-2030 ($M)
21.North America Zoledronic Acid By Application
22.South America Zoledronic Acid By Application
23.Europe Zoledronic Acid By Application
24.APAC Zoledronic Acid By Application
25.MENA Zoledronic Acid By Application
26.Natco Pharma Ltd, Sales /Revenue, 2015-2018 ($Mn/$Bn)
27.Emcure Pharmaceutical, Sales /Revenue, 2015-2018 ($Mn/$Bn)
28.Cipla Ltd, Sales /Revenue, 2015-2018 ($Mn/$Bn)
29.Taj Pharmaceutical Ltd, Sales /Revenue, 2015-2018 ($Mn/$Bn)
30.Teva Pharmaceutical Industry Ltd, Sales /Revenue, 2015-2018 ($Mn/$Bn)
31.Scinopharm Taiwan, Ltd, Sales /Revenue, 2015-2018 ($Mn/$Bn)
32.Tecoland Corp, Sales /Revenue, 2015-2018 ($Mn/$Bn)
33.Hangzhou Longshine Bio-Tech, Sales /Revenue, 2015-2018 ($Mn/$Bn)
34.Lianyungang Runzhong Pharm, Sales /Revenue, 2015-2018 ($Mn/$Bn)
35.Mylan Pharms Inc, Sales /Revenue, 2015-2018 ($Mn/$Bn)