Bone Density Test Market Insights, Research, Statistics, Key Companies Profile and Cost Structure Till 2027
Market Highlights
Bone density test is performed to diagnose various bone related diseases such as osteoporosis, osteopenia, and others diseases acting as risk factors for low density of the bones. Osteoporosis, also known as old woman’s disease”, is a diseased condition characterized by weakened bones, which are likely to be broken. The condition may also result into bone fracture, which commonly occur in the hip, and spine. The prevalence of this disease is high women but some men may also develop osteoporosis.
Increasing prevalence of communicable diseases in rural areas for developing countries drives the market growth. Additionally, increasing research and development activities, technological advancements to identify the causes, and risk factors associated with osteopenia and osteoporosis also fuel the market growth of global market.
The Bone Density Test Market is expected to grow at a CAGR of 7.2% during the forecast period.
Taste the market data and market information presented through more than 55 market data tables and figures spread over 101 pages of the project report. Avail the in-depth table of content (TOC) & market synopsis on “Bone Density Test market research report–Global forecast till 2023.”
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Major Players in the Market:
Some of the key players in the global market are General Electric Company (U.S.), Hologic Inc. (U.S), BeamMed Ltd. (Israel), Swissray (U.S.), Osteosys Corp (South Korea), DMS Imaging (France), Medonica Co. LLTb (South KOrea), Osteometer Meditech Inc. (U.S), Lone Oak Medical Technologies, LLC (U.S.)
Segmentation
The global bone density test market is segmented on the basis of type, indication, devices, and end user.
On the basis of type, market is segmented into Central dual-energy X-ray absorptiometry (DXA), peripheral tests, radiographic absorptiometry, and others.
Peripheral tests is further segmented into peripheral dual energy X-ray absorptiometry (pDXA), quantitative ultrasound (QUS), and peripheral quantitative computed tomography (pQCT).
On the basis of the indication, the market is segmented into osteoporosis, osteopenia, hyperthyroidism, hyperparathyroidism, and others.
On the basis of the devices, the market is segmented into central DEXA scan machine and hand held devices.
On the basis of the end user, the market is segmented into hospitals, clinics, diagnostic centers, and others.
Regional Analysis
America is the largest market for bone density test owing to the rising prevalence of osteopenia, osteoporosis and other bone disorders, extensive use of DEXA scan and increasing demand for hand held devices for diagnosis of osteoporosis drives the market growth. As per the International Osteoporosis Foundation, over 2 million American men have osteoporosis. In women, bone loss can begin as early as 25 years of age. Most of the American healthcare providers recommend building strong bones before the age of 30, as a best preventive measure for osteoporosis. Additionally, growing emphasis on healthy lifestyle and importance of exercise for good health boost the market growth.
Europe is the second largest market owing to the prevalence of osteoporosis, demand for portable and hand held bone density test devices, and demand for innovative healthcare solutions. Additionally, changing population demographics is projected to the affect prevalence of osteoporosis in the European Union (EU).
The market in Asia Pacific is expected to grow rapidly owing to the rising prevalence of osteoporosis in women after menopause. Moreover, women healthcare is gaining roots in Asian countries owing rising prevalence of diseases in women such as osteoporosis, obesity, and diabetes. Japan is the largest market for bone density test in Asia Pacific.
The Middle East & Africa also show a steady rise in the market owing to comparatively lesser demand for bone density tests than the developed nations, and high emphasis on primary care services.
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