Future Market
Insights predicts the US$ 277 Mn global bone densitometer devices
market to witness a hike in revenues at a passive CAGR of 3.5% over
the next decade. In its recent market outlook titled “Bone
Densitometer Devices Market: Global Industry Analysis and Opportunity
Assessment, 2016–2026,” the company forecasts that the market for
bone densitometer devices will be valued at US$ 390.6 Mn by the end
of 2026. Over 2016-2026, bone densitometer devices market is likely
to grow passively; however, a few prominent trends will continue to
drive market revenues through 2026.
Driven primarily by
rising incidences of osteoporosis and other bone-related disorders,
the market will also be fuelled by the ensuing awareness about
growing osteoporosis incidences. Increased emphasis on preventive
healthcare, early diagnosis, and quality treatment are identified to
be among the key factors spurring the demand for bone densitometer
devices globally. Ageing, resulting in almost threefold risks of
acquiring wrist, hip, and vertebral osteoporosis, will remain a major
market growth catalyst.
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Moreover, increasing
prevalence of vitamin D and calcium deficiency disorders will also
escalate the demand in near future. Burgeoning cancer prevalence is
boosting the number of patients undergoing chemotherapy, which is
further identified to affect their bone density in the long run. This
will be another driver to growth of bone densitometer market.
Evidently increasing integration of DXA into routine health check-ups
will also escalate market growth over the forecast period.
By product, the
global consumption of axial bone densitometer will possibly account
for the revenues of US$ 272.3 Mn in 2026. This segment will grow at
an estimated 3.7% of CAGR, gaining over 150 BPS during 2016-2026
against peripheral bone densitometer segment. Axial bone densitometer
devices will continue to gain higher traction due to superior
accuracy and precision, accounting for around 70% value share by
2026. Peripheral bone densitometer segment is also likely to witness
steady adoption, as it allows short scan time and lesser exposure to
radiation.
Based on technology,
dual energy X-ray absorptiometry (DXA) segment is expected to remain
dominant with nearly 65% share by 2026 end. This segment will
possibly attain a value worth US$ 253 Mn in 2026, expanding at the
highest CAGR of 3.7%. Quantitative ultrasound (QUS) segment is
anticipated to register a 3.2% of CAGR, reaching over US$ 88 Mn by
2026 end.
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In terms of
end-user, hospitals segment will remain the largest consumer of bone
densitometer devices, accounting for revenues worth US$ 252.3 Mn in
2026. Diagnostic centres, the second largest end-user segment with an
estimated value of around US$ 80 Mn by 2026, is expected to witness
the highest CAGR of 3.8% over the forecast period. Hospitals are
likely to capture around 65% share in 2026, whereas diagnostic
centres will bag over 20% share in 2026 market revenues.
Increasing adoption
of DXA, coupled with growing prominence of ultrasound technology,
will be important trends in market. Improving healthcare
infrastructure and extended reimbursement for osteoporosis treatment
are also highlighted as influential trends. While flourishing medical
tourism initiatives will remain a growing trend, strategic M&A
activities will continue to trend among key players.
Manufacturers are
likely to witness several untapped opportunities in developing Asian
markets, which are primarily driven by exploding population and
immense healthcare burden. Governments are also increasingly
supporting the market through favourable bone density measurement
awareness programs.
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Densitometer Devices Market Report @
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According to Future
Market Insights, leading manufacturers are currently focusing on
strategic M&A for extended product portfolios. In addition, they
are also targeting advanced product innovation and new product
launches to maintain a strong market presence. Some of the key
players in the global bone densitometer devices market are GE
Healthcare, Hologic, Inc., Beammed, Ltd., Osteosys Co. Ltd.,
Diagnostic Medical System SA, Swissray International, Inc., Medonica
Co. Ltd., and Osteometer Meditech, Inc.
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