Bone Densitometers Market To Be Driven By Increase In The Prevalence Of Osteoporosis Till 2025:Grand View Research,inc.
The global bone densitometers
market is expected to reach USD 1.2 billion by 2025, according to
a new study by Grand View Research, Inc. The growing prevalence of metabolic
bone diseases is believed to be responsible for the high clinical urgency to
adopt bone densitometers, thereby impelling the market demand. Growing base of
geriatric and obese population, which is highly susceptible to developing
disorders such as osteoporosis, is anticipated to propel the demand further.
The aforementioned factors are slated to present the market with lucrative
growth opportunities over the coming years.
Moreover, presence of consistent
number of health initiatives to promote awareness pertaining to osteoporosis is
anticipated to broaden market growth potential over the coming years. For
instance, National Osteoporosis Foundation (NOF), a government healthcare
organization that conducts National Bone Health Alliance and Fracture Liaison
Service (FLS) care coordination programs, is focused on elevating awareness
levels pertaining to available diagnostic & treatment alternatives for osteoporosis.
It also encourages training of healthcare professionals for efficient
management of osteoporosis.
In addition, advent of
technologically advanced devices, such as portable densitometers, is presumed
to fuel their adoption in home healthcare. Other technological advancements
include implementation of advanced hip assessment software into DXA systems
that enabled noninvasive assessment of proximal femur structural geometry.
Additional associated benefits include depiction of wide array of parameters such
as skeletal mapping, hip axis length assessment, areal BMD determination, and
cross-sectional area & the femoral strength index.
Global Body Fat Measurement market, by products, 2013 -
2020 (USD Million)
Browse full research report on Bone
Densitometers Market
Further key findings from the report suggest:
- Peripheral
bone densitometry is expected to exhibit lucrative CAGR owing to
increasing adoption in wide array of clinical applications. The high
penetration can be attributed to efficient peripheral fracture risk
assessment, not achievable by other technologies
- Clinics are
anticipated to exhibit lucrative CAGR during the forecast period owing to
advent of portable densitometers that are increasingly being preferred by
clinicians due to associated benefits such as compact size, accuracy, and
ease of transportation
- In 2016,
North America held a dominant share of the global bone densitometers
market, as a consequence of increasing localized presence of prominent
companies undertaking competitive sustainability strategies
- Asia Pacific
is anticipated to grow at an exponential CAGR due to unmet patient needs,
continuous technological & infrastructural upgradation, and growing
healthcare expenditure
- Some key
participants implement various competitive strategies, such as new product
development & frequent product approvals, to maintain their position
in the market
- For instance,
in October 2016, BeamMed launched neonatal bone growth assessment software
for premature babies, which is compatible with most of the densitometer
tools
For more information: http://www.grandviewresearch.com
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