Rising Incidence of Osteoporosis Spurs Growth in the Global Bone Densitometers Market, According to New Report by Global Industry Analysts, Inc.
San Jose, California (PRWEB) September 22, 2014 -- Follow us on LinkedIn – Bone densitometry is a diagnostic procedure that provides quantitative measurement of bone density or mass, using bone densitometers. Demand for bone densitometers is driven by the rapidly aging world population, and the ensuing rise in incidence of osteoporosis and fractures. The elderly represent potential candidates for measurement of bone mineral density, given their higher vulnerability to structural deterioration of bone tissue as a result of the natural aging process. Rise in the prevalence of cancer, genetic disorders, asthma and other autoimmune diseases that require corticosteroid treatment are also spurring growth, given that therapeutic treatment for these disorders heightens the risk of developing low bone density.
Hospitals and clinics represent key end-users of bone densitometers. Growing levels of awareness about the disease among both healthcare consumers and physicians is resulting in better prevention, diagnosis and treatment of osteoporosis, thus benefiting demand for bone densitometry equipment. The growing practice of routine screening for osteoporosis in postmenopausal women is leading to increased use of bone densitometry to assess skeletal integrity. While DXA can be used to examine the risk due to factors like amenorrhoea or medication, it is more importantly used for sequential assessment of patients suffering from osteoporosis. Demand for ultrasound bone densitometers is gaining momentum, largely due to their numerous benefits as compared to other conventional bone densitometers.
Demand for axial bone densitometers is forecast to witness strong growth supported by the technology’s high level of precision and accuracy. Market for peripheral QCT bone densitometers is also anticipated to grow due to benefits such as high sensitivity, less radiation exposure, portability, less scanning time, and high accuracy and precision. Axial DEXA bones densitometers are expected to witness sluggish demand in countries that are financially constrained, mainly due to the associated high cost, need for trained personnel and the large form-factor of the device.
As stated by the new market research report on Bone Densitometers, Europe represents the largest market worldwide. Asia-Pacific ranks as the fastest growing market with a CAGR of 6.3% in unit terms and 5.3% in value terms over the forecast period. Growth in the region is driven by improved access to affordable healthcare and developing healthcare infrastructure with increased investments in cutting edge medical diagnosis and therapeutic technologies.
Key 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 major companies worldwide. The report provides market estimates and projections (in unit and value terms) for all major geographic markets such as the 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, and Latin America (Brazil and Rest of Latin America). Segments analyzed include Axial Bone Densitometers and Peripheral Bone Densitometers.
For more details about this comprehensive market research report, please visit – http://www.strategyr.com/Bone_Densitometers_Market_Report.asp
About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a leading publisher of off-the-shelf market research. Founded in 1987, the company currently employs over 800 people worldwide. Annually, GIA publishes 1500+ full-scale research reports and analyzes 40,000+ market and technology trends while monitoring more than 126,000 Companies worldwide. Serving over 9500 clients in 27 countries, GIA is recognized today, as one of the world's largest and reputed market research firms.
Global Industry Analysts, Inc.
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Public Relations, Global Industry Analysts, Inc., http://www.StrategyR.com/, +1 (408) 528-9966, [email protected]
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