Bone Densitometers Market Expected To Enable the Stakeholders for Market Opportunities

According to a new report released by Allied Market Research titled Bone Densitometers Markets by Global Dental Analysis and Industry Forecasting, Application, Technology and End User in 2017-2023, the global BMD market is in 2016 At $34,690 thousand, it is expected to reach $44,218 thousand by 2023, with an average annual growth rate of 3.3% from 2017 to 2023.

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Bone density meter is used to diagnose osteoporosis which is easy to fracture by diagnosing clinical conditions such as osteoporosis by accurately measuring the density and mineral content present in bone.
Market growth is driven by the loss of bone density, the rapid growth of the elderly population, increased technological advancements and the incidence of disabilities due to the benefits provided by DEXA devices. However, the high cost of BMD and associated risks limit market growth. Conversely, launching multiple health plans to raise awareness of osteoporosis is expected to provide opportunities for market growth during the forecast period.

Based on the technology, DEXA is expected to maintain its dominant position during the analysis period due to its high precision, easy handling and safety for both adults and children.

The central scan segment occupied a major market share (over half) in 2016 based on the application, and is expected to dominate the market during the forecast period due to its predicted risk of fracture, effective targeting of fire resistant treatment, and high accuracy. Availability of reliable reference ranges, fast patient settings, short scan times and low radiation doses.

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The main results of the BMD market:
• Peripheral scan segments are expected to grow at a CAGR of 3.8% from 2017 to 2023.
• The ultrasound sector is expected to grow at a peak CAGR of 4.3%.
• The hospital sector accounted for nearly two-thirds of the global market, and is expected to remain throughout the forecast period.
• The Asia Pacific region is expected to grow at an average annual rate of 5.3% over the forecast period.

Europe occupied nearly two-fifths of the global market in 2016, and is expected to remain dominant during the forecast period. This is due to an increase in the incidence of osteoporosis, an increase in the elderly population, increased patient awareness of the availability of treatment options, and a favorable reward system for measuring bone density in the region.

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