The Global Market for Bone Densitometers is Projected to Reach US$1 Billion by 2022

Increasing Healthcare and Societal Burden of Osteoporosis Drive the Bone Densitometers Market, According to a New Report by Global Industry Analysts, Inc.

GIA launches comprehensive analysis of industry segments, trends, growth drivers, market share, size and demand forecasts on the global Bone Densitometers markets. The global market for Bone Densitometers is projected to reach US$1 billion by 2022, driven by the aging population, rising incidence of osteoporosis, growing awareness and technological advances.  

Bone density measurement is gaining popularity worldwide. Once a popular clinical evaluation restricted to the developed markets, bone density measurements are gaining adoption worldwide including emerging markets. Increasing geriatric population and associated increase in prevalence of osteoporosis and growing number of associated fractures are the major factors driving growth in the market. Bone density measurement is realized by using bone densitometers, which non-invasively diagnose measure body mass and bone density. Increasing incidences of vitamin D deficiencies, growing demand from emerging markets, and rising advances at the technological front are other factors driving growth. Changing perceptions about osteoporotic disease, rise in awareness and increase in expenditure to the society as well as healthcare centers are driving bone density measurements, and in turn fueling demand for bone densitometers. Further, extension of applications to body composition measurements is expected to drive utilization and adoption of bone densitometers going forwards. Axial Bone Densitometers represent the largest segment in the market in revenue terms, while Peripheral Bone Densitometers lead in volume sales. Demand for axial bone densitometers is expected to surge through the coming years due to their high level of precision and accuracy. Driven by benefits such as lower cost, higher speed of scanning, lower exposure to radiation, lesser cost, lesser footprint and portability, peripheral bone densitometers, which include peripheral QCT, peripheral DEXA, QUS and others are expected to spearhead growth in the market.

Demand for bone densitometers is highly dependent on reimbursement levels, particularly in the developed markets such as the US and EU, and on the availability of diagnostic devices and therapies in a country. The need to curtail costs of treatment for osteoporosis and related fractures and to improve patient health encouraged governments to include bone densitometry in their reimbursement programs. Reimbursement for the procedures took a hit in the U.S. market, particularly for non-hospital bone densitometry assessments that witnessed massive cuts. Low reimbursement led to discontinuation of services by several hospitals which not only led to declines in new device sales but also affected the health of target population in general due to lower diagnoses. New applications of bone densitometers and potential correction of reimbursement rates in the country is expected to bring back growth in the market.

As stated by the new market research report on Bone Densitometers, the United States represents the largest market worldwide. Emerging markets are expected to spearhead growth in the global market. Asia-Pacific ranks as the fastest growing market worldwide with a CAGR of 5.7% in value terms through the analysis period. Increasing geriatric population, growing access to healthcare services, rising healthcare expenditure, increasing government support and rising awareness are some of the factors expected to drive growth in the market

Major players covered in the report include Beammed Ltd., CompuMed, Inc., GE Healthcare, Hologic, Inc., Lone Oak Medical Technologies, LLC, Osteometer MediTech, Inc., and The DMS Group among others. 

The research report titled “Bone Densitometers: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of market trends, issues, drivers, mergers, acquisitions and other strategic industry activities of global companies. The report provides market estimates and projections for consumption of Bone Densitometers in unit and revenue terms for all major geographic markets such as United States, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia, and Rest of Europe), Asia-Pacific (China, India and Rest of Asia-Pacific), Middle East & Africa, and Latin America (Brazil and Rest of Latin America). The report also analyzes the global and regional markets for Bone Densitometers by the following product segments - Axial Bone Densitometers and Peripheral Bone Densitometers. Further, the US Bone Densitometers market is analyzed by the following sub-segments Axial Bone Densitometers (DEXA and QCT), and Peripheral Bone Densitometers (pDEXA, pQCT, QUS and Others).

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