Bone Densitometer Market - Technological Advancement Facilitating Market Growth : Include Covid-19 impact Analysis

Overview of Bone Densitometer Market

A comprehensive evaluation of the Bone Densitometer Market has been presented in the report for the forecasted period 2019 to 2025. In order to get a deep insight into the market, a wide range of segments have been covered in the report along with the thorough analysis of the key trends and the factors that impact the market. The main highlight of the report includes the key factors that impact the Bone Densitometer Market market, the market dynamics, major drivers, restraining factors, and the opportunities and threats that arise in the market. The intrinsic factors that have been identified are restraints and drivers. The identified threats and opportunities are the extrinsic factors that exist in the market setting. The thorough study provides an insight into the market development in terms of the revenue generation capacity during the forecasted period.

A bone densitometer (BDM) is a device used to measure the amount of bone density or mass of mineral per unit volume. There has been a substantial rise in number of patients suffering from Paget's disease, and osteogenesis arthritis, osteoporosis in post-menopausal women and vitamin D deficiency. This unprecedented rise has led to increasing demand for BDM, thereby expanding the potential market over the forecast period.

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BDM uses a invisible, thin, low-dose X-ray beam. In the scanning processes, the two beam penetrates the bone, one is for the bone, other is for the soft tissue absorption. The quantity for the soft tissue absorption is subtracted from the bone absorption quantity and remaining left quantity is the bone density of patient. The meter utilizes the special software which analyses the bone density automatically and displays the result on the monitor.

The equipment includes a central device and a peripheral device (pDXA) occasionally. Both the equipment are referred as DEXA or DXA equipment. The central device is utilized to measure the bone density in the spine and hip and are majorly employed in the hospital or medical practice setting. For smaller bones such as heel, wrist, or finger, peripheral device can be used for scanning.

BDM is achieving prominence globally, particularly in countries witnessing frequent screenings owing to a rise in aging population affected by bone-related & chronic diseases and availability of improved treatments. The meter ensures improved turnaround time, cost benefit, and increased patient satisfaction. According to the Osteoporosis Canadian , one in three women and one in five men are likely to suffer from osteoporotic fracture in their life.

The technological advancements of BDMs with ease of availability, various medical tourism initiatives and acknowledgment of the devices in emerging economies, such as Brazil, Japan, China, and India, are expected to enhance the growth opportunities for the industry player. over the forecast period. Advancement of portable devices, cost containment measures, and increased awareness for early diagnosis are anticipated to play vital role in growth of the industry.

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The results are needed to calculate with care which can deduce false results owing to artifacts, location, anatomy, varying technician as well as machinery results to restrain the market growth. However, specialty clinics, diagnostic centers, and hospitals are the leading end users creating strong opportunities for the market over the forecast period.

The market is broadly segmented by technology, services and application. Based on technology, the segment is bifurcated into Axial Bone Densitometry, Dual-energy X-ray absorptiometry (DEXA), Peripheral Bone Densitometry, and others. Others technology includes SEXA, Quantitative Computed Tomography (QCT), peripheral Dual-energy X-ray absorptiometry (pDEXA), Quantitative Ultrasound (QUS), RA, and peripheral Quantitative Computed Tomography (pQCT). On the basis of services offered, the market is segmented as Tele-Consultation, Tele-Training Tele-Education, Tele-Surgery, and Tele-Monitoring.

Based on their application, the market is segmented as Hospitals, Diagnostic Centers, and Specialty Clinics. Hospitals have emerged as the key applicant for bone densitometers followed by diagnostic centers owing to rising preference of patients for medical facilities and well-equipped infrastructure. The inclination of government healthcare organizations to provide fully automated systems and advanced diagnostic instruments producing rapid results is also one of the prime factors accountable for the considerable share of the segment.

North America region is expected to acquire the major share of the market. The collaboration among the major industry players for maintaining high medical standards and improved R&D proficiencies are estimated to drive the market across thie region. Infrastructural improvements in healthcare facilities, high disposable income, and large number of osteoporosis patients are projected to apprehend the major share in the region. Increasing awareness related to osteoporosis in the emerging economies of APAC region such as China and India will also generate new growth opportunities over the forecast period.

GE Healthcare, Beammed Ltd., Swissray International Inc., Hologic Inc., Osteometer Meditech, Osteosys Co. Ltd., Medonica Co. Ltd., Diagnostic Medical System SA, and Lone Oak Medical Technologies LLC are some of the prominent players of global bone densitometers market. The other strategies amalgamated in these players are new product development, high R&D investment, agreements and mergers & acquisitions.

Bone Densitometer Market : Research Methodology

Bone Densitometer Market research methodologies comprise primary research, secondary and expert panel reviews. Secondary research consists of the following sources: company annual report, research papers, and press releases, as documented in the industry. For further understanding, the following have been considered: Industry magazines, trade journals, government websites, and associations since they also contain vital information that can be useful during the study period. If all these sources are efficiently used to gather information about the industry, then the Bone Densitometer Market market achieves its goals in the study, which is most likely to expand its territory in the market.

Primary research has been the best way during the study, as it involves things like; telephone conversations that can be either as interviews or creation of appointments between the Bone Densitometer Market researchers and market players. Questionnaires are also used, and this can also be sent as emails or distributing them to the people for question and answer moments. Lastly, there is a face-to-face interaction between the researchers and the market players. This has been the most effective way the two parties involved engage in one on one question and answer sessions. At primary research, the engagement always leaves both Bone Densitometer Market research and the market players convinced of the way forward for the betterment of the industry. Primary research enhances discussion on essential factors such as market trends, size, competitions involved has to be done on an ongoing basis with industry experts, to understand the existing market.

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