Global Bone Densitometer Market 2016-2020

Global outlook of the bone densitometer (BDM) market

According to the market research analysts at Technavio, the global bone densitometer (BDM) market will witness steady growth and will post a CAGR of more than 3% over the forecast period. With an increasing prevalence of osteoporosis, Paget's disease, and osteogenesis imperfecta around the world, the market for bone densitometer is anticipated to have a positive outlook in the coming years. Osteoporosis is a major bone disorder, which leads to fragile bones that are more likely to break over a period of time and show no symptoms or discomfort until a bone breaks. It is estimated that one in five men and one in three women around the world are at the risk of an osteoporotic fracture. Moreover, in 2014, osteoporosis was responsible for around two million broken bones and USD 19 billion in related costs in the US. BDM helps in predicting the risk fracture incidence among individuals with poor bone density, which will drive this market’s growth in the coming years.

One of the recent trends spurring the growth of this market is the increase in medical tourism initiatives. Some of the key areas of treatment for medical tourism include cancer, cardiovascular diseases, and orthopedics. A significant increase in the number of people traveling to different countries is expected to boost the BDM market due to the availability of cost-effective treatments. This is mainly observed in APAC countries, which has the highest number of countries with medical tourism initiatives. For instance, India provides medical diagnosis and treatment packages for congenital limb and spinal deformities, metabolic bone disorders, bone and joint infections, and congenital hip dislocation. Such an increase in the influx of medical tourists looking for different orthopedic treatments will lead to the augmented adoption of bone densitometers during the estimated period.

Competitive landscape and key vendors

The global BDM market is highly competitive owing to the presence of several international and regional players in the market. The market is growing moderately due to an increase in the number of cases related to diseases such as cancer, driving the need for effective screening solutions.  The competition among the vendors is dependent on several factors, including product precision, product pricing, the speed of measurement, patient radiation dose, and product reliability and versatility.

Key vendors in this market are -

• CompuMed
• Diagnostic Medical Systems
• GE Healthcare
• Hologic
• Swissray

Other prominent players in the market include BeamMed, Lone Oak Medical Technologies, MEDILINK, Osteometer Meditech, Osteosys, Scanflex Healthcare, and Furuno Electric.

Segmentation by technology and analysis of the BDM market

• Axial BDM
• Peripheral BDM

The axial BDM segment dominated the market and will account for close to 60% of the total market shares by 2020. The growth of this segment is attributed to the high usage of these devices in taking bone density measurements in an individual's hip and spine, which are the most common places where fractures occur. Moreover, this medical device uses a minute amount of ionizing radiation to deliver pictures of the internal body parts for bone loss measurement, which makes it less harmful.

Geographical segmentation and analysis of the BDM market

• Americas
• APAC
• EMEA

In terms of geography, the Americas led the market and accounted for more than 42% of the market shares during 2015. The highly developed healthcare infrastructure in the region enables people to access advanced diagnostic tests that address bone-related disorders and suggest further treatments based on the test results. Furthermore, the manufacturers are focusing on providing advanced devices for early diagnosis of osteoporosis, which will impel this market’s growth in the region.

Key questions answered in the report include

• What will the market size and the growth rate be in 2020?
• What are the key factors driving the global BDM market?
• What are the key market trends impacting the growth of the global BDM market?
• What are the challenges to market growth?
• Who are the key vendors in the global BDM market?
• What are the market opportunities and threats faced by the vendors in the global BDM market?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA.
• What are the key outcomes of the five forces analysis of the global BDM market?

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