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Bone Densitometers Market Will Register a CAGR of About 3.10% Between 2016 and 2024

10-24-2019 01:52 PM CET | Health & Medicine

Press release from: Transparency Market Research

The global bone densitometers market has opened doors for entry for small players, thanks to the its innovative and fragmented landscape, reports Transparency Market Research (TMR). The development is leading to a healthy and robust competition, inciting new promotion strategies from the larger players. However, due to large investments in research and development, larger player in the market are expected to enjoy an upper-hand in the near future, adds TMR. Some of the main players in the global bone densitometers market are GE Healthcare, Hitachi, Ltd., Lone Oak Medical Technologies LLC, Beammed, Osteometer Meditech Inc.

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The bone densitometers market is witnessing a positive burst of innovation, thanks to advancements such as 3D technology. 3D stimulation allows clinical researchers to stimulate areas of bones, which were least understood before such as internal tissue mechanic. The new technology enables studies to understand the interaction between the geometry of the femur, bone density, and external pressure on bones in 3 dimensions. The new development is expected to result in significant new opportunities for all players in the bone densitometers market.

The global bone densitometers market is expected to reach an evaluation of US$1.11 bn by 2024. The market grossed an evaluation of only US$0.84 bn in 2015. However, growing cases of osteoporosis are expected to drive the market to a healthy 3.10% CAGR during 2016-2024. North America is expected to retain the largest share of the global bone densitometers market during the forecast period. It held a 44% revenue share of the global market in 2015 and growing population of the elderly is anticipated to generate robust growth for the regional market.

Rising Cases of Hip Fractures Propel the Bone Densitometers Market

Rising cases of osteoporosis due to rising thyroid cases, and unhealthy lifestyle leading to minimal exercise are expected to drive the bone densitometers market. In the western hemisphere, hip fractures are rising rapidly. According to Center for Disease Prevention and Control (CDC), over 300,000 are hospitalized every year in the US, due to hip fractures.

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Additionally, higher risk population such as women, especially pregnant women, and elderly are expected to create significant opportunities in the near future. Elderly population continues to rise worldwide, and recent studies shows from John Hopkins Institute also show that hip fracture scans can serve as an early indicator for increased monitoring for deadly diseases like Alzheimer.

Research Opens New Opportunities for the Bone Densitometers Market

Additionally, recent research published in the in The Journal of Pharmaceutical Health Services Research, also discovered that men, especially black men were significant undertreated for osteoporosis. This coupled with favorable insurance policies due to the affordable care act are expected to open more opportunities for the bone densitometers market in the near future.

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According to recent research by Children’s Hospital of Philadelphia, causative genes might be at in rising cases of osteoporosis. The research used powerful data analyzing tools to conclude that specific gene pools may help the early detection of osteoporosis in the near future.

On the other hand, technology advancements like Big Data and Artificial Intelligence are opening doors for breakthrough medical research at unimaginable diseases. This has an important implication for the bone densitometers market. New discoveries in this area can require regular testing for patients with increased risk due to their specific gene pool.

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Transparency Market Research is a next-generation market intelligence provider, offering fact-based solutions to business leaders, consultants, and strategy professionals.

Our reports are single-point solutions for businesses to grow, evolve, and mature. Our real-time data collection methods along with ability to track more than one million high growth niche products are aligned with your aims. The detailed and proprietary statistical models used by our analysts offer insights for making right decision in the shortest span of time. For organizations that require specific but comprehensive information we offer customized solutions through adhoc reports. These requests are delivered with the perfect combination of right sense of fact-oriented problem solving methodologies and leveraging existing data repositories.

TMR believes that unison of solutions for clients-specific problems with right methodology of research is the key to help enterprises reach right decision.

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