Bone Densitometer Market Size Worth $1.56 Billion By 2025 | CAGR: 4.7%
Published Date : 23 / 07 / 17 | Report Format: PDF
The global bone densitometer market is expected to grow at growth rate of 4.7% to reach USD 1,564 million by 2025.
Osteoporosis is considered a serious health problem globally owing to its high prevalence.According to International Osteoporosis Foundation, around 200 million people are estimated to suffer from osteoporosis globally which is presumed to be the key driving factor for the market.Although osteoporosis is considered to be an aging disorder, the increasing recognition of osteoporosis in children and recommendation of physicians for DXA testing is also expected to give a boost to the market.
With the increasing global disease burden bone density testing provides for a reliable and accurate method to measure the BMD and predict the risk of osteoporosis and fragility fractures in patient group. The introduction of new and sophisticated techniques for BMD testing is expected to give a boost to the market. Axial bone densitometers are finding its use when high level of accuracy and precision is required whereas, peripheral bone densitometers are used have high demand due to low radiation exposure and high scanning speed.
Additionally, the growing demand and use of bone densitometers can also be attributed to increasing collaborative government and research initiatives for early detection of osteoporosis.Even though there is numerous initiatives taken by government and regulatory bodies unavailability of diagnostic equipments and inaccessible diagnostic centres in rural and remote areas are majorly restraining the growth of the market.
The global market is categorized in terms of type and end use. In terms of types, the market is categorized as axial and peripheral bone densitometry. Axial bone segment is further classified as Dual Energy X-Ray Absorptiometry (DEXA), and Quantitative Computed Tomography (QCT). DEXA recorded USD 400.2 million in 2016 and is expected to dominate the market in future. Peripheral segment is further categorized into Single Energy X-Ray Absorptiometry (SEXA), Dual Energy X-Ray Absorptiometry (pDEXA), Radiographic Absorptiometry (RA), Quantitative Ultrasound (QUS) and others. QUS is the lowest revenue generating market segment.
End use segment is divided s hospitals, clinics and others. Regionally, the market is studied in terms of North America, Europe, Asia Pacific and Rest of the World. Developing regions such as Asia Pacific and Latin America is anticipated to growth with the decent growth rate during the future period.
Companies such as BeamMed Ltd., CompuMed Ltd., CooperSurgica Inc., Diagnostic Medical Systems, GE Healthcare, Hologic Inc., Lone Oak Medical Technologies LLC, OsteometerMediTech, Inc. and others are operating in this market.
KEY BENEFITS OF THE REPORT:
- Understanding of the strategies that are being adopted by the key players in this market to stay competitive
- Extensive analysis of the key players dominating the competitive landscape of this market
- In-depth analysis of the key factors are propelling the growth of the global market
- Detailed analysis of the geographic region that will witness the strongest growth
- Granular analysis of the current market scenario and the expected market grow
The scope of this report covers the market by its major segments, which include as follows:
MARKET, BY TYPE
- Axial Bone Densitometry
- Dual Energy X-Ray Absorptiometry (DEXA)
- Quantitative Computed Tomography (QCT)
- Peripheral Bone Densitometry
- Single Energy X-Ray Absorptiometry (SEXA)
- Dual Energy X-Ray Absorptiometry (pDEXA)
- Radiographic Absorptiometry (RA)
- Quantitative Ultrasound (QUS)
MARKET, BY END USE
MARKET, BY REGION
- North America
- Asia Pacific
- Rest of the World
MARKET, BY COUNTRY
- Further Breakdown of The North America Market
- Further Breakdown of The Europe Market
- Rest of Europe
- Further Breakdown of The APAC Market
- Rest of APAC
- Further Breakdown of The Rest of the World Market
- Middle East and Africa
- Latin America
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