Market Executive Summary

REPORT HIGHLIGHT
The Bone densitometer market is estimated to represent a global market of USD 1,564million by 2028 with growth rate of 4.7%. Increasing incidence of osteoporosis and deficiency of vitamin D globally is projected to drive the market demand for bone densitometer significantly. Bone densitometers, uses a small fraction of ionizing radiation to provide an assessment about the bone mineral density thus playing an important role detection of osteoporosis and related disorders at an early stage. According to estimates by International Osteoporosis Foundation, over 200 million individuals suffer from osteoporosis worldwide.
Furthermore, initiatives taken by government and various healthcare organizations to curb osteoporosis and associated economic burden. According to a study done by National Institute of Health Osteoporosis and Related Bone Diseases, various lifestyle related factors such as smoking, alcohol abuse and sedentary lifestyle leads to osteoporosis in male population, leading to market demand. Other factors such as aging population, technology advancements, and increasing research and development activities will further surge the demand for bone densitometers.
In terms of types, the market is categorized as axial and peripheral bone densitometry. The highest revenue was generated by axial bone densitometers owing to their cost effective nature and ability to provide accurate diagnosis. Axial bone segment is further classified as Dual Energy X-Ray Absorptiometry (DEXA), and Quantitative Computed Tomography (QCT). Peripheral segment is further categorized into Single Energy X-Ray Absorptiometry (SEXA), Dual Energy X-Ray Absorptiometry (pDEXA), Radiographic Absorptiometry (RA), Quantitative Ultrasound (QUS) and others. pDEXA segment recorded highest revenue, accounted for more than USD 130.5 million in 2017 and is expected to growth with the decent growth rate during the future period.
End use segment is divided s hospitals, clinics and others. Hospital segment captured 50.12% share of the global market in 2017. Growing use of bone densitometer in hospital facilities coupled with rising number of hospital setting in developed region drive the market growth.
Regionally, developed regions such as North America and Europe are considered to be the largest market. Growing use of 3D technology, introduction of small portable machines, devices having integrated and advanced software systems which analyze greater detail of bone density and use of algorithms for analysis of bone density are some of the advances in the DXA technology which is predicted to stimulate the market growth in developed regions.
Asia Pacific region is expected to grow with the highest growth rate of 6.7%. Introduction of advanced products would in turn support the market growth. For instance, in 2017 Japan based Hitachi Aloka Medical Ltd. introduced EggQus ultrasound bone densitometry system that provides short measurement time and has maximum portability due to its strong and lightweight nature. The system also has a motor controlled automated transducer unit which minimizes user manipulation. Such introduction will boost the utilization of bone densitometers, leading to drive market growth.
Companies such as BeamMed Ltd., CompuMed Ltd., CooperSurgica Inc., Diagnostic Medical Systems, GE Healthcare, Hologic Inc., Lone Oak Medical Technologies LLC, Osteometer MediTech, Inc. and others are operating in this market.
The market size and forecast for each segment has been provided for the period 2014 to 2028, considering 2017 as the base year. The report also provides the compounded annual growth rate (% CAGR) for the forecast period 2017 to 2028 for every reported segment.
The years considered for the study are:
Historical Year ? 2014 & 2017
Base Year ? 2017
Estimated Year ? 2017
Projected Year ? 2028
TARGET AUDIENCE
Traders, Distributors, And Suppliers
Hospitals
Manufacturers
Government and Regional Agencies and Research Organizations
Consultants
Distributors
SCOPE OF THE REPORT
The scope of this report covers the market by its major segments, which include as follows:
MARKET, BY TYPE
Axial Bone Densitometry
Dual Energy X-Ray Absorptiometry (DEXA)
Quantitative Computed Tomography (QCT)
Peripheral Bone Densitometry
Single Energy X-Ray Absorptiometry (SEXA)
Dual Energy X-Ray Absorptiometry (pDEXA)
Radiographic Absorptiometry (RA)
Quantitative Ultrasound (QUS)
Others
MARKET, BY END USE
Hospitals
Clinics
others
MARKET, BY REGION
North America
Europe
Asia Pacific
Rest of the World
MARKET, BY COUNTRY
Further Breakdown of The North America Market
U.S.
Canada
Further Breakdown of The Europe Market
Germany
France
Rest of Europe
Further Breakdown of The APAC Market
India
China
Rest of APAC
Further Breakdown of The Rest of the World Market
Middle East and Africa
Latin America