Advertisements

Osteogenesis Imperfecta Treatment Market is to Grow

The global Osteogenesis Imperfecta treatment market size is estimated to be valued at US$ 832.67 million in 2024.

Table Of Contents

The Osteogenesis Imperfecta treatment market has witnessed significant growth in the past decade. Osteogenesis Imperfecta, commonly known as brittle bone disease, is a genetic disorder characterized by fragile and brittle bones that fracture easily. It is caused by mutations or changes in the genes that provide instructions for making collagen, which is a critical structural protein found in bones and other tissues in the body. The demand for Osteogenesis Imperfecta treatment has been rising due to the increasing prevalence of genetic disorders. It has been estimated that about 1 in every 20,000 live births could be suffering from Osteogenesis Imperfecta.

The global Osteogenesis Imperfecta treatment market size is estimated to be valued at US$ 832.67 million in 2024 and is expected to exhibit a CAGR of 4.2% over the forecast period of 2024 to 2031.

Key players operating in the Osteogenesis Imperfecta treatment market are AmSurg Corp., HCA Holdings, Inc., Tenet Healthcare, Surgical Care Affiliates, Inc., Surgery Partners, Ambulatory Surgical Centers of America, Heathway Medical Group, Community Health Systems, Inc., and Vision Group Holdings.

Key Takeaways

Key players: Key players operating in the Osteogenesis Imperfecta treatment market are focusing on increasing their footprint through mergers and acquisitions. For instance, in 2020, AmSurg completed the acquisition of privately held, Surgery Partners, a leading branded ambulatory surgical care platform. Such consolidation activities are expected to strengthen player position and expand their service portfolios.

Key opportunities: The rising incidence of Osteogenesis Imperfecta Treatment Market Demand represents a significant opportunity for market players. According to some estimates, about 1 in 20,000 individuals are born with this condition each year. With currently no cure, the long-term treatment needs of these patients present a ongoing market opportunity.

Global expansion: Major market players are focusing on expanding their global presence. Surgery Partners, for example, has delivery sites across 30 states and the District of Columbia in the United States. Similarly, Tenet Healthcare operates general acute care hospitals, ambulatory surgery centers, urgent care and imaging centers, and other related healthcare facilities in the United States, United Kingdom and Spain.

Market drivers: One of the major driver for the Osteogenesis Imperfecta treatment market is rising genetic disorders. The increasing cases of genetic disorders such as osteogenesis imperfecta is driving the demand for effective treatment and management. According to the CDC, around 4 million babies are born each year with a birth defect in the United States.

Market restraints: High cost of Osteogenesis Imperfecta treatment is one of the major challenges in the market. The treatment costs, which include surgeries, therapies, medicines and other healthcare costs related to the condition, tend to be significantly high extending over a patient’s lifetime. This high cost of treatment restraints the market growth.

Segment Analysis

The bisphosphonates segment currently dominates the Osteogenesis Imperfecta treatment market owing to its widespread adoption. Bisphosphonates drugs are commonly prescribed medications for building bone density and improving bone mineralization in OI patients. They work by inhibiting osteoclast activity and reducing bone resorption, leading to stronger and less brittle bones. The large patient pool being treated with bisphosphonates across various disease severity levels of OI makes this the leading segment.

Global Analysis

North America is the largest as well as the fastest growing regional market for Osteogenesis Imperfecta treatment. Higher healthcare expenditures, presence of majority players, and growing cases of genetic disorders like OI are some key factors boosting market growth in the region. In addition, rapid approval of novel therapies and strong reimbursement structure have ensured early uptake of advanced treatment options. However, Asia Pacific region is expected to witness highest CAGR during the forecast period with improving access to healthcare facilities and growing medical tourism industry in countries like India and China. Rising incidence of OI associated with increased lifespan and changing lifestyle is also propelling the regional market expansion.

Get more insights on  Osteogenesis Imperfecta Treatment Market

snehacmi

Leave a Reply

    © 2024 Crivva - Business Promotion. All rights reserved.