Press release
Osteoporosis Testing Market Growth, Trends and Value Chain 2018-2028
Osteoporosis testing Market: Drivers and Restraints
Growing number of incidence of Osteoporosis are driving the growth of Osteoporosis testing market. Rapid turnaround time, lower cost of procedure over conventional methods also fuel the growth of Osteoporosis testing market. Also, the varied application of Osteoporosis testing procedures in analyzing/tracking bone density and increasing adoption in a routine check of Osteoporosis is harnessing the growth of Osteoporosis testing market. Osteoporosis testing is a technological integration of existing bone densitometer or scanning techniques have further reduced the risk associated with kyphoplasty or vertebroplasty procedures. However, potential side effects associated with the kyphoplasty or vertebroplasty procedures such as nosebleed, fainting, blood pressure fluctuation or reactions due to the anesthesia would hamper the adoption rate. Lack of awareness between joint pain and osteoporosis and limitations of DEXA leads to restrains the osteoporosis testing market.
Osteoporosis testing market: Segmentation
Tentatively, osteoporosis testing market has been segmented on the basis of the component, end user, and geography.
Based on product type, osteoporosis testing market is segmented as below:
Dexa-Scan
FRAX tool
CT scans
X-rays
Ultrasounds
Based on end user, osteoporosis testing market is segmented as below:
Hospitals
Orthopedic Clinics
Ambulatory Surgical Centers
Osteoporosis testing Market: Overview
According to the International Osteoporosis Foundation, globally, 8.9 million people suffer from fractures annually because of osteoporosis. Approximately one-tenth of 60-year-olds, one-fifth of women aged 70, two-fifths of 80-year-old women and two-thirds of women aged 90. Osteoporosis affects an estimated 75 million people in Europe, North America and Japan. Increasing number of patients have been visiting for osteoporosis testing, and its growing demand exhibits lucrative growth opportunity for companies investing in this market.
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Osteoporosis testing Market: Regional Outlook
Geographically, Osteoporosis testing market is segmented into regions viz. North America, Europe, Asia-Pacific excluding Japan, Middle East and Africa and Japan. North America & Europe region exhibits a healthy growth in terms of revenue due to increased awareness of checking osteoporosis as a part of routine checkup. The lower cost of the procedure compared with other alternative treatment and low risk associated with the procedure is boosting the growth of osteoporosis testing market. The developing cluster of North America, Asia, and Africa region is likely to gain momentum in late 2020. Patient population suffering from osteoporosis testing are mostly prescribed with alternative medicine treatment in the region, which results in chronic side effects due to treatment.
Osteoporosis testing Market: Key Players
Some of the players identified in the Osteoporosis testing market include GE Healthcare, Merck & Company, B.M.Tech. Worldwide Co. Ltd, DMS Imaging, Swissray, Hologic Inc. Pfizer Inc., CompuMed, Inc., Eli Lilly and Company
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
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The report covers exhaustive analysis on:
Market Segments
Market Dynamics
Market Size
Supply & Demand
Current Trends/Issues/Challenges
Competition & Companies involved
Technology
Value Chain
Regional analysis includes
North America (U.S., Canada)
Latin America (Argentina, Mexico, Brazil)
Europe (Germany, Italy, UK, Spain, France, Russia, Poland)
Asia Pacific Excluding Japan (India, Australia & New Zealand, China, ASEAN)
Japan
Middle East and Africa (GCC, South Africa, Rest Of MEA)
Report Highlights:
Detailed overview of parent market
Changing market dynamics in the industry
In-depth market segmentation
Historical, current and projected market size in terms of volume and value
Recent industry trends and developments
Competitive landscape
Strategies of key players and products offered
Potential and niche segments, geographical regions exhibiting promising growth
A neutral perspective on market performance
Must-have information for market players to sustain and enhance their market footprint.
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