Overview:
The bone
density test market revenue is likely to grow and expand and hence, reach
a good market value during the ongoing forecast period of 2022-2030.
Bone density test is
getting traction with the growing demand for analysis of the density of bone
and determination of how prone the person is to various bone-related diseases.
This test determines how brittle the bones have become. Among various
procedures, a central dual-energy X-ray absorptiometry (DXA) test is a process
to check the density of the bone in the hips and spine. The market is gaining
traction from the increasing number of diagnoses for osteoporosis and
osteopenia. The global market for bone density tests can find growth with
surging awareness regarding diagnostic procedures in the market.
Segments
The global market
for bone density tests can be segmented by devices, indication, type, and end
user. This type of segmentation creates room for an analysis of factors on the
grounds of data provided by analytical reports on volumes and values. Such
extensive understanding can inspire better strategic moves that would fetch in
more revenues.
By type, the market
for bone density test can be segmented into radiographic absorptiometry,
peripheral tests, Central dual-energy x-ray absorptiometry (DXA), and others.
The Peripheral test segment includes quantitative ultrasound
(QUS), peripheral dual energy X-ray absorptiometry (pDXA), and peripheral
quantitative computed tomography (pQCT).
By indication, the
market report on the bone density test encompasses osteopenia, osteoporosis,
hyperparathyroidism, hyperthyroidism, and others. The osteoporosis segment has
scope to surpass others as the rising geriatric population is providing a
tailwind for growth.
By devices, the
market for bone density tests can be studied on the basis of handheld devices and
the central DEXA scan machine. The handheld dual-energy can find its
operational scope to be beneficial for growth.
By end user, the
market for bone density tests can be segmented into diagnostic centers,
clinics, hospitals, and others. The diagnostic center segment can provide high
revenue to market growth.
Regional Analysis:
The Americas have a
better chance for growth in the bone density test market as the region is
showing significant inclusion of technologies and infrastructure. Both these
opportunities are maximizing their output as the constant influx of investment
is backing up the growth procedure. Rising concerns related to the market and
better diagnostic measures are growing to influence growth for the North
American market where countries like Canada and the US have a ready setup to
explore these possibilities. In Europe, the growth would create scope for the
market to expand. It is, at present, the second-largest market and the
inclusion of portable and hand-held devices are expected to provide better
traction to regional growth. Changing in lifestyle, food consumption, and
others are also going to impact market growth.
The Asia Pacific
region is going to influence the market with its massive population where the
high number of women is going to inspire better market growth. The reason is
inadequate nutrition and a lack of awareness. In India, China, Japan, and other
countries, this can trigger further growth of the bone density test market. Women hitting menopause are more prone to
bone-related diseases, which can influence changes in the market.
Competitive Landscape:
The Bone Density Test Market players include Osteometer Meditech Inc. (U.S), BeamMed Ltd.
(Israel), Hologic Inc. (U.S), General Electric Company (U.S.), Swissray (U.S.),
Osteosys Corp (South Korea), DMS Imaging (France), Medonica Co. LLTb (South Korea),
and Lone Oak Medical Technologies, LLC (U.S.). Their growth tactics often
encompass mergers, tie-ups, and others.
In October 2019,
WXYZ news revealed that recent studies are showing that one in four are now
suffering from bone-related diseases and it is no longer restricted to old age
alone.
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