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[179 Pages Report] Future Market Insights predicts the US$ 277 Mn global bone densitometer devices market to witness a hike in revenues at a passive CAGR of 3.5% over the next decade. In its recent market outlook titled “Bone Densitometer Devices Market: Global Industry Analysis and Opportunity Assessment, 2016–2026,” the company forecasts that the market for bone densitometer devices will be valued at US$ 390.6 Mn by the end of 2026. Over 2016-2026, bone densitometer devices market is likely to grow passively; however, a few prominent trends will continue to drive market revenues through 2026.

A booming global healthcare market is anticipated to play the role of a key driver in the overall growth of the global bone densitometer devices market. Emerging market trends and several awareness campaigns on osteoporosis rolled out by NGOs across the globe are further likely to increase the demand in the market. Leading companies operating in the global bone densitometer devices market are investing heavily in acquisitions and inking new deals.

These activities are expected to boost the global bone densitometer devices market in the forthcoming years. Leading market players are focusing on new innovations to stay afloat in the global bone densitometer devices market. The rising global trend of medical tourism is likely to benefit key market stakeholders in the next decade.

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Prevalence of Osteoporosis and Vitamin D deficiency Building Market – Ageing Remains Primary Catalyst

Driven primarily by rising incidences of osteoporosis and other bone-related disorders, the market will also be fuelled by the ensuing awareness about growing osteoporosis incidences. Increased emphasis on preventive healthcare, early diagnosis, and quality treatment are identified to be among the key factors spurring the demand for bone densitometer devices globally. Ageing, resulting in almost threefold risks of acquiring wrist, hip, and vertebral osteoporosis, will remain a major market growth catalyst.

Moreover, increasing prevalence of vitamin D and calcium deficiency disorders will also escalate the demand in near future. Burgeoning cancer prevalence is boosting the number of patients undergoing chemotherapy, which is further identified to affect their bone density in the long run. This will be another driver to growth of bone densitometer market. Evidently increasing integration of DXA into routine health check-ups will also escalate market growth over the forecast period.

Developed Markets Marching Ahead, Asian Countries to Witness Robust Growth

North America will continue to represent the largest market for bone densitometer devices, followed by Western Europe and Asia Pacific. Latin America and MEA will witness relatively lower growth rates.

By product, the global consumption of axial bone densitometer will possibly account for the revenues of US$ 272.3 Mn in 2026. This segment will grow at an estimated 3.7% of CAGR, gaining over 150 BPS during 2016-2026 against peripheral bone densitometer segment. Axial bone densitometer devices will continue to gain higher traction due to superior accuracy and precision, accounting for around 70% value share by 2026. Peripheral bone densitometer segment is also likely to witness steady adoption, as it allows short scan time and lesser exposure to radiation.

Based on technology, dual energy X-ray absorptiometry (DXA) segment is expected to remain dominant with nearly 65% share by 2026 end. This segment will possibly attain a value worth US$ 253 Mn in 2026, expanding at the highest CAGR of 3.7%. Quantitative ultrasound (QUS) segment is anticipated to register a 3.2% of CAGR, reaching over US$ 88 Mn by 2026 end.

In terms of end-user, hospitals segment will remain the largest consumer of bone densitometer devices, accounting for revenues worth US$ 252.3 Mn in 2026. Diagnostic centres, the second largest end-user segment with an estimated value of around US$ 80 Mn by 2026, is expected to witness the highest CAGR of 3.8% over the forecast period. Hospitals are likely to capture around 65% share in 2026, whereas diagnostic centres will bag over 20% share in 2026 market revenues.

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Beetling Trends and Upcoming Opportunities Fostering Demand for Bone Densitometer Devices

Increasing adoption of DXA, coupled with growing prominence of ultrasound technology, will be important trends in market. Improving healthcare infrastructure and extended reimbursement for osteoporosis treatment are also highlighted as influential trends. While flourishing medical tourism initiatives will remain a growing trend, strategic M&A activities will continue to trend among key players.

Manufacturers are likely to witness several untapped opportunities in developing Asian markets, which are primarily driven by exploding population and immense healthcare burden. Governments are also increasingly supporting the market through favourable bone density measurement awareness programs.

Global Bone Densitometer Devices Market: Segmentation

About Future Market Insights (FMI)

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

Plot No: JLT-PH2-X2A

The post Bone Densitometer Devices Market is likely to grow at a CAGR of 3.5% through 2026, reaching US$ 375 Million appeared first on Future Market Insights.

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