Sarcopenia is the loss of muscle mass and muscle strength as a person reaches age thirty or more, in response to aging, affecting the level of activity and quality of life. It has been identified in three stages in older people: presarcopenia-loss of muscle mass, sarcopenia-loss of muscle which can affect either physical performance or physical strength, and severe sarcopenia-loss of muscle mass that affects both physical performance and strength. According to The Sports Journal, it has been found that approximately 0.5% to 1.0% muscle mass is lost every year after the age of 70. This loss of muscle mass is reported as 4.7% decrease in men and 3.7% decrease in women per decade. This loss of muscle mass leads to decrease in muscle function with increased chances of functional impairment, disability, and mortality in the elderly. In the year 2000, the cost attributed to sarcopenia was 1.5% of the total healthcare expenditure. It was estimated that 10% reduction in the occurrence of sarcopenia could save US$ 1.1 billion worth healthcare expenditure. Identification of sarcopenia can be done through numerous techniques to measure muscle mass, involving chemical composition, imaging (computed tomography [CT], magnetic resonance imaging [MRI] and dual-energy x-ray absorptiometry [DXA]), anthropometry or hydrostatic weighing. Amongst these, DXA is the most preferred technique.
To overcome the symptoms of sarcopenia, an individual has to routinely do weight lifting and strength building exercises. Progressive Resistance Training (PRT) is the most suitable exercise in this condition and it should be performed as the primary action for the treatment of sarcopenia. The sarcopenia treatment market is forecasted to grow in the future as a result of increasing rate of obesity throughout the world as obesity disturbs the metabolic function of the body. According to NIH, almost 3 of 4 people are deemed to be obese. The prevalence of obesity is similar in men and women (about 36 percent). Currently, sarcopenia treatment comprises only off label and generic drugs like estrogen, progesterone, and some growth hormones. There are no promising drugs in the pipeline for the treatment of sarcopenia. Therefore, the global sarcopenia treatment market is forecasted to see sluggish growth due to unavailability of new drugs in the near future. Despite low market assessment, pharmaceutical companies such as GSK and Five Prime Therapeutics have signed a collaboration agreement to develop therapies for sarcopenia. They are focused on developing a new class of drugs called SARMs (selective androgen receptor modulators) to prevent and treat muscle wasting or muscle loss conditions like chronic sarcopenia and cancer.
Increased aging and obesity are the driving factors responsible for the growth of the sarcopenia treatment market. Furthermore, lack of a permanent cure for the treatment of sarcopenia, increased R & D development through government policies, changes in disease management etc. are factors anticipated to drive the growth of the sarcopenia treatment market.
Geographically, the sarcopenia treatment market is segmented into North America, Latin America, Europe, and Asia Pacific (excluding Japan), and the Middle East & Africa. North America followed by Europe has the largest market share owing to the availability and affordability of expensive tests and therapies in this region. Rising population, increased research activities, and awareness in developing countries such as India and China are the factors contributing to the growth of the sarcopenia treatment market in Asia.
The major players in the global sarcopenia treatment market are GlaxoSmithKline, Radius Health, Inc. and Five Prime Therapeutics, Inc. who are involved in the development of SARMs (selective androgen receptor modulators) class of drugs.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.