Global Bone Densitometers Market to Expand at 3.30% CAGR from 2013 to 2019, Propelled by Increasing Bone Diseases among Elderly People
Transparency Market Research has published a new report on the global bone densitometers market. As per the report, the global bone densitometers market is expected to progress from US$777.9 mn in 2012 to US$908.5 mn by 2019. The report, titled ‘Bone Densitometers Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 – 2019,’ states that the global bone densitometers market is expected to expand at a 3.30% CAGR during the period between 2013 and 2019.
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Bone densitometers allow quantitative non-invasive measurement of bone density and mass. Currently, the global market is experiencing high demand for bone densitometers and the demand is expected to be higher in the years to come due to the capacity of bone densitometers to cater to the needs of the growing geriatric population. The high incidence of osteoporosis and associated fractures and the increasing number of elderly people facing bone diseases are two of the major factors expected to contribute towards the growth of the global bone densitometers market.
Some other factors such as socio-economic developments in developed countries, the increasing risk of osteoporosis in menopausal women, the increased occurrence of vitamin D deficiency diseases, and increasing use of advanced technologies in medical devices are predicted to further contribute towards the growth of the global bone densitometers market in the next few years.
The global bone densitometers market is segmented on the basis of end use of bone densitometers, region, and technology. Based on technology, the global bone densitometers market is classified into axial bone densitometry and peripheral bone densitometry. The axial bone densitometers segment is sub-segmented into quantitative computed tomography (QCT) and dual energy x-ray absorptiometry (DEXA). The peripheral bone densitometry segment is sub-segmented into x-ray absorptiometry (single energy x-ray absorptiometry and peripheral dual energy x-ray absorptiometry), radiographic absorptiometry, peripheral quantitative computed tomography, and quantitative ultrasound (QUS).
The axial DEXA segment dominated the global bone densitometers market in 2012 with a net valuation of US$297.8 mn. The peripheral QCT bone densitometers segment stood at US$182.9 mn in 2012 and is predicted to progress at a 4.0% CAGR during the period from 2013 to 2019. Factors such as improvements in technology, high sensitivity, high scanning speed, portability of devices, and accuracy are predicted to benefit the peripheral QCT bone densitometers segment in the years to come.
Hospital-based bone densitometers and clinic-based bone densitometers are two of the primary end-use segments of the global bone densitometers market.
Based on geography, the global bone densitometers market is divided into North America, Europe, Asia Pacific, and Rest of the World. In terms of revenue, North America dominated the global bone densitometers market and it is expected to maintain the dominance throughout the forecast period. Some of the leading companies operating in the global bone densitometers market are Diagnostic Medical Systems S.A., GE Healthcare Ltd., Hologic, Inc., CooperSurgical, Inc., CompuMed, Inc., BeamMed Ltd., Lone Oak Medical Technologies LLC., and OsteometerMediTech, Inc.
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The leading players in the global bone densitometers market are focusing on introducing new methods to measure bone density. The increasing awareness among people regarding the impact of fractures and the easy availability of enhanced treatments for fractures are predicted to propel the global market for bone densitometers in the years to come.