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Bone Densitometers Market to Witness $ 44,218 Thousand by 2023 : Allied Market Research

12-03-2018 06:41 PM CET | Health & Medicine

Press release from: Allied Market Research

Bone Densitometers Market

Bone Densitometers Market

"Technological advances have played an important role in the growth of the bone density market. The introduction of 3D-DXA increases the efficiency of DXA scans and enables the construction of 3D models of bone 2D images during routine inspections. This helps to better understand bone status, bone geometry, cortical bone thickness and bone mineral density."

New report "Bone Densitometers Market, by Application, Technology, and End User: Global Opportunity Analysis and Industry Forecast, 2017-2023" published by Allied Market Research. The global bone densitometers market was valued at $34,690 thousand in 2016, and is expected to reach $44,218 thousand by 2023, growing at a CAGR of 3.3% from 2017 to 2023.

The bone density meter can accurately measure the bone density and mineral content in order to diagnose clinical conditions such as osteoporosis, thereby creating fragile brittle bones.

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Higher incidence of disease due to reduced bone density, a rapid increase in the elderly population, increased technology development, and the benefits of DEXA devices will drive market growth. But the high cost of bone density and the risks associated with market growth. Conversely, several health initiatives are expected to be launched to increase awareness of osteoporosis.

Based on technology, DEXA is expected to maintain a dominant position both for adults and children during the analysis period due to their high accuracy, ease of handling and safety.
Based on the application, the central scan segment accounted for more than half of the market in 2016, and the market for the entire forecast period, taking into account the effects of predicting fracture risk, effective targeting of backtracking, high accuracy, Is expected to dominate. Rapid patient set-up, short scan times and low radiation dose.

Key Findings of the Bone Densitometers Market:

• The peripheral scan segment is expected to grow with a CAGR of 3.8% from 2017 to 2023.
• Ultrasound segment is expected to grow at the highest CAGR of 4.3%.
• The hospitals segment held a major share of nearly two-thirds in the global market, and is expected to retain it throughout the forecast period.
• Asia-Pacific is expected to grow at a CAGR of 5.3% during the forecast period.
Europe accounted for a major share of nearly two-fifths of the global market in 2016, and is expected to remain dominant throughout the forecast period. This is attributed to increase in incidence of osteoporosis, increase in geriatric population, rise in patient awareness about the availability of treatment options, and favorable reimbursement framework for bone densitometry in the region.

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About us

Allied Market Research, a market research and advisory company of Allied Analytics LLP, provides business insights and market research reports to large as well as small & medium enterprises. The company assists its clients to strategize business policies and achieve sustainable growth in their respective market domain.

Allied Market Research provides one stop solution from the beginning of data collection to investment advice. The analysts at Allied Market Research dig out factors that help clients to understand the significance and impact of market dynamics. The company amplies client’s insight on the factors, such as strategies, future estimations, growth or fall forecasting, opportunity analysis, and consumer surveys among others. As follows, the company offers consistent business intelligent support to aid the clients to turn into prominent business firm.

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