What is Bone Densitometers Market?
The bone densitometers market is expected to observe critical development because of the increasing predominance of different metabolic bone illnesses, for example, osteoporosis and osteomalacia across the globe. According to the National Institutes of Health Osteoporosis and Related Bone Diseases, lifestyle-related habits such as smoking, alcohol abuse are major factors promoting such diseased conditions. Bone densitometry equipment is an improved type of X-Ray innovation to gauge the bone mineral thickness (BMD). It uses a small dose of ionizing radiation to produce pictures of the inside of the body, such as the lower spine of the hips in order to measure bone loss. Bone densitometry equipment available for sale is commonly used to diagnose Osteoporosis and the development of fractures. This simple, quick, and non-invasive method is the most accurate way to diagnose Osteoporosis. Moreover, the increasing prevalence of osteoporosis in postmenopausal women, growing base of geriatric and obese population that is susceptible to bone diseases is anticipated to propel the demand for bone densitometers
The market study is being classified by Type (X-Ray Bone Densitometers and Ultrasonic Bone Densitometers), by Application (Osteoporosis & Osteopenia Diagnosis, Cystic Fibrosis Diagnosis, Body Composition Measurement and Rheumatoid Arthritis Diagnosis) and major geographies with country level break-up.
GE Healthcare (United States), Hologic, Inc. (United States), OSI Systems, Inc. (United States), Scanflex Healthcare AB (Sweden), Medonica Co., Ltd. (South Korea), Eurotec Systems S.r.l (Italy), Diagnostic Medical Systems Group (France), Swissray Global Healthcare Holding, Ltd. (Taiwan), BeamMed, Ltd. (Israel) and Echolight S.P.A (Italy) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are YOZMA BMTech Co., Ltd. (South Korea), Nanoomtech Co., Ltd. (South Korea), Osteosys Corporation (South Korea) and FURUNO Electric Co., Ltd. (Japan).
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Bone Densitometers market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Bone Densitometers market by Type, Application and Region.
On the basis of geography, the market of Bone Densitometers 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). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- The rise in geriatric population who are highly susceptible to bone-related ailments
- Increasing Prevalence of Kidney Disease
Market Trend
- The high adoption of densitometers based on this technology.
Restraints
- High Cost of Bone Densitometers
Opportunities
- The rise in the incidents of fragility fracture is significantly contributing to the market growth
- The increasing inclination of government healthcare organizations to promote advanced diagnostic instruments is booming the growth opportunities in the emerging markets
Challenges
- Lack of Access to Diagnostics
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, Bone Densitometers Manufacturer, Government Regulatory and Research Organizations and End-Use Industry