What is Bone Density Testing?
A bone density test is carried out to identify if patients have osteoporosis a disorder characterized by bones that are more fragile and more likely to break. These tests were carried out with help of X-rays to measure how many grams of calcium and other bone minerals are packed into a segment of bone. A big scanning arm will be passed over the body throughout the scan to determine bone density in the skeleton's center. A small beam of low-dose X-rays will be sent through the region of the body being inspected as the scanning arm moves gently across the body.
The market study is broken down by Type (Central Machines {Dual-Energy X-Ray Absorptiometry (DXA), Quantitative Computed Tomography (QCT)} and Peripheral Machines {Peripheral Dual-Energy X-Ray Absorptiometry (pDXA), Quantitative Ultrasound (QUS), Peripheral Quantitative Computed Tomography (pQCT)}), by Application (Osteopenia and Osteoporosis, Cystic Fibrosis and Rheumatoid Arthritis) and major geographies with country level break-up.
The increasing number of competitors likely to enter the global market is expected to increase competition while also encouraging market expansion in the near future. Players are expected to concentrate on the development of new compounds, which would likely drive the global market forward throughout the forecast period. Analysts at AMA Research estimates that Players from United States will contribute to the maximum growth of Global Bone Density Testing market throughout the predicted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Beammed Ltd. (Israel), CompuMed, Inc. (United States), GE Healthcare (United States), Hologic, Inc. (United States), Osteometer MediTech, Inc. (United States), Hologic Inc. (United States), Osteosys Corp (South Korea), Swissray (United States), DMS Imaging (France), Medonica Co. LLT (South Korea) and One Oak Medical (United States) are some of the key players that are part of study coverage.
Segmentation Overview
AdvanceMarketAnalytics has segmented the market of Global Bone Density Testing market by Type, Application and Region.
On the basis of geography, the market of Bone Density Testing has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by End User, the sub-segment i.e. Hospitals & Specialty Clinics will boost the Bone Density Testing market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
In May 2019- Hologic, Inc. announced that they have signed an agreement with DEXA+ to distribute Hologic’s Horizon DXA system products for body composition measurement.
Market Trend
- Growing Demand for Portable Bone Testing Devices
Market Drivers
- Rising prevalence of Osteopenia and Osteoporosis
Opportunities
- Increasing Populations Addicted To Smoking Cigarettes and Heavy Drinking
Restraints
- Side effects of radiation exposure
Challenges
- Lack of standardization in bone and soft tissue measurements
Key Target Audience
Industry associations, Research organizations and consulting companies, Organizations, associations, and alliances related to the Bone Density Testing, Bone Density Testing device manufacturers, Hospitals and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have the better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with purpose to understand companys positioning regarding market value, volume and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders etc. and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.