Overview:
The global bone densitometer market, as declared in the recently published report on the same by Market Research Future (MRFR), is expected to achieve 5.3% CAGR during the forecast period (2016-2022). In terms of value, the market could surpass an estimated USD 1.2 billion mark. Bone densitometer is used to measure bone mass in a non-invasive way. The surge in the market can be attributed to a global rise in registered osteoporosis case. It is happening mostly due to poor lifestyle in urban regions and growing elderly population.
Among factors, the global bone densitometer market is expected to witness a surge due to rise in number of women developing bone diseases. Mostly, menopausal women are getting affected. In addition, technological advancements in the region is taking the sector to new heights. Digital detectors, computer-assisted diagnosis, and ultrasound densitometers are invention that have conveniently taken out the load from practitioners in clinics and hospitals allowing in rising influx of patients. At the same time, lifestyle-related troubles are making a mark. Sedentary lifestyle, alcohol abuse, cigarette smoking, eating disorder, and other are major issues that are expected to back the growth of the market. The market is further gaining from the increasing collaborative researches that are aimed at developing better quality products.
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Segmental Analysis:
MRFR’s segmentation of the global bone densitometers market reveals segments based on type, technology, and end-users.
Based on the type, the bone densitometer market can be segmented into central scanners, peripheral scanners and others.
Based on the technology the bone densitometer market can be segmented into single x-ray absorptiometry (SXA), radiographic absorptiometry (RA), dual-energy x-ray absorptiometry (DXA), quantitative computed tomography (QCT), and others.
Based on the end users, the bone densitometer market includes hospitals, orthopedic clinics, academic & research institutes and others. The hospitals segment is considerably strong as readmissions and high patient volume are making the segment account for substantial growth. Both private and public investors are showing keen interest in taking the market ahead.
Regional Analysis:
MRFR in their geographical analysis of the bone densitometer market revealed included the Americas, Europe, Asia Pacific (APAC), and the Middle East & Africa (MEA). The analysis includes volume-wise and value-wise data for a better understanding of the market in the coming years.
High-level of infrastructure, substantial market contribution via investment, research & development initiatives are some major reasons that are providing traction to the market of the America. The region is flourishing and is expected to fetch the maximum revenue during the forecast period. The regional market is expected to reach USD 650 million by the end of 2022.
Europe’s prominence is much valued as it shares similar features like that of the Americas. Technological brilliance and high expenditure in R & D are providing thrust for the market to expand.
The APAC region is expected to emerge as the fastest growing region during the forecast period. The market is benefiting from the presence of a huge population of which a grand part is constituted by geriatric people. These people are susceptible to bone-related problems owing to which the bone densitometer market could rise in the region.
Competitive Landscape:
Influential names in the global bone densitometer market are Hologic, Inc., General Electric Company, Swissray, Aarna Systems and Wellness Pvt. Ltd., Schick Sirona, Osteosys Co. Ltd, MedWrench, LLC, Echolight S.p.a., DMS Imaging, Tecnicare Healthcare Company and others. These companies are spending much in strategies that could uplift their prospect and ensure further expansion for the market. Mostly, their moves include merger, acquisition, product launch, collaboration, innovation, and others.
In March 2019, researchers from the Biomechanics and Mechanobiology laboratory at the BCN MedTech Research Unit revealed that with finite element-based 3D reconstructions of the bone densitometry could use a biomechanical simulation to provide better results of osteoporosis diagnosis.
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