The global bone
densitometer market is subject to witness a substantial growth
due to the growing prevalence of osteoporosis disorder across the globe.
Favorable government policies and rise in the number of promotional activities
by private players are expected to drive market growth over the next seven
years. Globally, the market is predicted to grow at significant CAGR in the
forecast period, providing numerous opportunities for market players to invest
for research and development in the bone densitometer market.
Growing prevalence of osteoporosis disorder
has led to high-end demand for bone densitometers to perform efficient
assessment, thus propelling the growth of the market in the past few years. In
addition, the rising geriatric population, which is highly susceptible towards
osteoporosis disorder, is key factor for sustained market growth in the recent
years.
Furthermore, increasing occurrence of
osteoporosis disorder among menopausal women is expected to foster market
growth over the forecast period. As per current reports published by
International Osteoporosis Foundation, as many as two hundred million women are
suffering from osteoporosis disorders across the globe.
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The recent technological advances in
healthcare sector coupled with introduction of integrated digital detectors and
computer-assisted & ultrasound densitometers are expected to fuel market
demand for bone densitometer. Bone densitometer tools offer ease of operation
as well as reduced measurement time. Increasing demand for ultrasound bone
densitometers in diverse medical application such as gynecology, endocrinology,
and others is expected to favor market demand over the coming years.
Increasing number of collaborative
research initiatives and new product developments undertaken by leading
industry participants is predicted to offer lucrative growth opportunities in
the near future. Development of advanced techniques in osteoporosis diagnostics
is forecasted to steer industry expansion in the upcoming years.
The market is broadly categorized into
two major segments based on the application type such as hospitals and clinics.
The hospital is considered as one of the fastest growing segment in the bone
densitometer market with substantial revenue generation in the last few years.
Growing popularity of bone densitometer in the hospital segment is attributed
to the higher market penetration.
The market is divided by region as
North America, Europe, Asia-Pacific, Latin America and Africa. North America
has shown major growth in recent years owing to the rise in the implementation
of latest technologies in pharmaceutical & medical sector, increase in the
number of research & development activities in the region and existence of
well-established healthcare infrastructure.
Asia-Pacific region is predicted to
hold major market share in the bone densitometer market with massive growth in
forecast period. Countries such as India, China and Singapore are leading the
Asia-Pacific market with improved healthcare infrastructure in the region,
rising medical expenditure by local governments, growing awareness among
general population, and significant investment by leading industry players
considering potential growth opportunities in the region.
The key players in the bone
densitometer market are GE Healthcare, Inc., Hologic Inc., Beammed, Swissray
International Inc., Osteosys Co., Ltd., Diagnostic Medical System S.A.,
Medonica Co., Ltd., Osteometer Meditech Co., and Lone Oak Medical Technologies
LLC.
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