Rising Demand of Bone Scan Market Future Prospects, Competitive Developments, Geographic Analysis and Forecasts Till 2023

Global Bone Scan Market owing to the rising prevalence of bone disorders in the U.S. Furthermore, increasing demand for diagnostic services in various also influences the market growth. In North America, the U.S. is the largest market followed by Canada. Increasing penetration of orthopedic specialty hospitals and healthcare insurance is adding fuel to the market growth. Furthermore, the concentration of key players in the market along with the availability of various technologically advanced devices is boosting the market growth in the U.S. The global bone scan market is expected to grow at a CAGR of 5.7% during the forecast period.

The Global Bone Scan Market is segmented on the basis of product, indication, device, and end user. On the basis of the product, the market is segmented into radiopharmaceuticals and imaging devices. The imaging devices are further segmented into Magnetic Resonance Imaging (MRI), X-ray, Computed Tomography (CT), Single-Photon Emission Computerized Tomography (SPECT), and others.

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The Americas lead the global bone scan market owing to the rising prevalence of bone disorders in the U.S. Furthermore, increasing demand for diagnostic services in various also influences the market growth. In North America, the U.S. is the largest market followed by Canada. Increasing penetration of orthopedic specialty hospitals and healthcare insurance is adding fuel to the market growth. Furthermore, the concentration of key players in the market along with the availability of various technologically advanced devices is boosting the market growth in the U.S.

Europe is the second largest bone scan market across the globe. The market is accelerated by the extensive use of diagnostic devices for diagnosis of various chronic diseases such as arthritis, diabetes, obesity and others. Furthermore, extensive research and development (R&D) activities carried out by clinical research and academic institutes stimulate the growth of the market. Germany and France contribute to the growth of the market owing to increasing expenditure on R&D and extensive demand for diagnostic devices.

The Asia Pacific market is expected to grow at the fastest pace due to the high prevalence of chronic disease such as rheumatoid arthritis, osteoarthritis, obesity, diabetes, and other. Additionally, increasing number of bone injuries such as bone fractures boost the growth of the market.  To add further, increasing number of skilled professionals along with increasing awareness about the bone diseases and importance of imaging tests in the diagnosis of bone diseases, and injuries. In Asia Pacific, India and China are holding the largest market share followed by Japan. Increasing expenditure on healthcare and improving healthcare infrastructure in various developing regions of Asia Pacific region are affecting the market growth, positively.

Some of the key players in this market are Siemens (U.S.), Hitachi, Ltd. (Japan), Carestream Health, Inc. (U.S.), Samsung Electronics Co., Ltd. (South Korea), Toshiba Corporation. (Japan), Koninklijke Philips N.V. (Netherlands), General Electric Company (U.S.), and others.

Table of Content:

Chapter 1.    Report Prologue   

Chapter 2.    Market Introduction   

      2.1    Definition   

      2.2    Scope of the Study   

            2.2.1    Research Objective   

            2.2.2    Assumptions   

           2.2.3    Limitations   

Chapter 3.    Research Methodology

      3.1    Introduction

      3.2    Primary Research   

      3.3    Secondary Research   

      3.4    Market Size Estimation

Chapter 4.    Market Dynamics

      4.1    Drivers   

      4.2    Restrains

      4.3    Opportunities   

      4.4    Challenges

     4.5    Macroeconomic Indicators

      4.6    Technology Trends & Assessment           

Chapter 5.    Market Factor Analysis

      5.1    Porters Five Forces Analysis

            5.1.1    Bargaining Power of Suppliers   

            5.1.2    Bargaining Power of Buyers

            5.1.3    Threat of New Entrants   

            5.1.4    Threat of Substitutes   

            5.1.5    Intensity of Rivalry   

      5.2    Value Chain Analysis

      5.3    Investment Feasibility Analysis   

      5.4    Pricing Analysis

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