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Global Bone Densitometer Market Forecast, 2019-2024 - Lucrative Growth Opportunities in Emerging Markets - ResearchAndMarkets.com

November 26, 2019 GMT

DUBLIN--(BUSINESS WIRE)--Nov 26, 2019--

The “Bone Densitometer Market by Type (DEXA, Peripheral [Radiography, Quantitative Absorptiometer]), Application (Osteopenia & Osteoporosis, Cystic Fibrosis, CKD, Rheumatoid Arthritis), End User (Hospital, Diagnostic Centres) - Global Forecast to 2024” report has been added to ResearchAndMarkets.com’s offering.

  • This report analyzes the market for various bone densitometers and their adoption patterns.
  • It aims at estimating the market size and future growth potential of the global bone densitometers market and its type, application, end-user, and regional segments.
  • The report also includes an in-depth competitive analysis of the key players in this market, along with their company profiles, product offerings, and recent developments.

The bone densitometers market is projected to reach USD 311 million by 2024 from USD 247 million in 2019, at a CAGR of 4.7% during the forecast period

The growth in the bone densitometers market is majorly driven by the increasing prevalence of osteoporosis and the rising geriatric population. However, factors such as the high cost of bone densitometers and low awareness are expected to hinder the growth of this market.

The dual-energy X-ray absorptiometry (DXA) scanners segment is expected to grow at the highest rate during the forecast period

Based on the type, the bone densitometers market is segmented into dual-energy X-ray absorptiometry (DXA) scanners and peripheral bone densitometers. The dual-energy X-ray absorptiometry (DXA) scanners segment is projected to witness the highest growth in the bone densitometers market during the forecast period. Growth in this segment is attributed to their advantages over peripheral bone densitometers. Moreover, results obtained from DXA scanners can be interpreted using WHO scores for greater accuracy, which accounts for their high use.

The osteoporosis & osteopenia diagnosis segment accounted for the largest market share in 2018

On the basis of application, the bone densitometers market has been segmented into osteoporosis & osteopenia diagnosis, body composition measurement, rheumatoid arthritis diagnosis, cystic fibrosis diagnosis, and chronic kidney disease diagnosis. The osteoporosis & osteopenia diagnosis segment accounted for the largest market share in 2018. This can be attributed to the growing geriatric population and the subsequent increase in the prevalence of osteoporosis, the increasing risk of osteoporosis in menopausal women, and the growing global incidence of fragility fractures.

In 2018, the hospitals & speciality clinics segment accounted for the largest share of the market

Based on end-user, the bone densitometers market is segmented into hospitals & speciality clinics, diagnostic & imaging centres, and other end users. In 2018, hospitals & speciality clinics accounted for the largest share of the bone densitometers market, and this trend is expected to continue during the forecast period. The majority of bone density scans are performed in hospitals owing to the higher preference of patients for hospital-based treatment monitoring for diseases such as cystic fibrosis, chronic kidney diseases, and osteoporosis.

North America is expected to hold the largest share for players operating in the bone densitometers market

North America accounted for the largest share of the bone densitometers market in 2018. Factors such as high consumer awareness, increase in healthcare expenditure, increasing the prevalence of osteoporosis, and the presence of key market players in the region are among the few factors expected to contribute to the growth of this market.

This report provides insights on the following pointers:

  • Market Penetration: Comprehensive information on the product portfolios offered by the top players in the global bone densitometers market
  • Market Development: Comprehensive information on the lucrative emerging regions by type, application, end-user, and region.
  • Market Diversification: Exhaustive information about the new product, growing geographies, and recent developments in the global bone densitometers market
  • Competitive Assessment: In-depth assessment of market ranking, growth strategies, revenue analysis, and services of leading players in the global bone densitometers market

Market Drivers

  • Rising Incidence of Osteoporosis
  • Rising Geriatric Population
  • Rising Prevalence of Kidney Disease

Market Restraints

  • High Cost of Bone Densitometers

Market Opportunities

  • Growth Opportunities in Emerging Markets

Market Challenges

  • Lack of Access to Diagnostics
  • Unfavorable Reimbursement Scenario
  • Hospital Budget Cuts

Companies Profiled

  • Ampall Co., Ltd.
  • Anjue Medical Equipment Co., Ltd.
  • Beammed, Ltd.
  • Diagnostic Medical Systems Group
  • Echolight S.P.A
  • Eurotec Medical Systems S.R.L.
  • Furuno Electric Co., Ltd.
  • GE Healthcare
  • Hologic, Inc.
  • L’acn L’accessorio Nucleare S.R.L
  • Medonica Co., Ltd.
  • Nanoomtech Co., Ltd.
  • OSI Systems, Inc.
  • Osteosys Corporation
  • Scanflex Healthcare AB
  • Shenzen Xray Electric Co., Ltd.
  • Swissray Global Healthcare Holding, Ltd.
  • Xianyang Kanrota Digital Ultrasound System, Co., Ltd.
  • Xingaoyi Co., Ltd.
  • Yozma Bmtech Co., Ltd.

For more information about this report visit https://www.researchandmarkets.com/r/num5yi

View source version on businesswire.com:https://www.businesswire.com/news/home/20191126005487/en/

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SOURCE: Research and Markets

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PUB: 11/26/2019 08:31 AM/DISC: 11/26/2019 08:31 AM

http://www.businesswire.com/news/home/20191126005487/en