Skeletal Dysplasia Drugs Market Size

Skeletal Dysplasia Drugs Market Size

Skeletal Dysplasia Drugs Market size was valued at around USD 3 billion in 2023 and is estimated to grow at 4.2% CAGR from 2024 to 2032. Skeletal dysplasia drugs are medications specifically developed to treat and manage skeletal dysplasia, a group of genetic disorders that affect bone and cartilage growth, leading to abnormalities in the size, shape, and density of bones. These drugs aim to alleviate symptoms, improve quality of life, and in some cases, address the underlying causes of these conditions.

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The increasing geriatric population is a significant driver for the drugs market. For instance, according to the National Institutes of Health, in 2023, the world's older population (aged 65 and over) continues to grow at an unprecedented rate. As per the same report, 8.5% of people worldwide (617 million) are aged 65 and over. As people age, they are more likely to develop osteoporosis and other bone density disorders, which can exacerbate the effects of dysplasia. Older adults have naturally weaker bones, making them more susceptible to fractures and other complications associated with skeletal dysplasia.

Furthermore, increasing use of bone and joint health supplements, advancement in bone growth stimulators, increasing prevalence of skeletal dysplasia and bone disorders, government initiatives and funding, and increasing education & awareness, are the supporting factors expanding the growth of the market.