Global Bone Sonometer Market, By Type (Central Devices, Peripheral Devices), Technology (Ultrasound Bone Sonometer, Dual Energy X-Ray Bone Sonometer (DEXA)), Equipment (Standalone, Portable), End Users (Hospitals, Ambulatory Surgical Centers, Specialty Clinics, Others), Country (U.S., Canada, Mexico, Germany, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, UAE, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights : Global Bone Sonometer Market
The bone sonometer market is expected to gain market growth in the forecast period of 2021 to 2028. Data bridge market research analyses that the market is growing with the CAGR of 5.44% in the forecast period of 2021 to 2028 and is expected to reach USD 1,547.83 million by 2028. The rise in the prevalence of osteoporosis among geriatric population across the globe is escalating the growth of bone sonometer market.
Bone sonometer refers to bone densitometry equipment where sound waves on interaction with bone tissue provide details regarding elastic and structural properties of the tissue. Bone witness slow degradation over period by fatigue damage, microscopic fracture, nutritional deficiency at birth and loss of bone mass with aging. Bone sonometer helps in the prediction of the risk for osteoporosis and fracture caused by the condition by assessing bone health. Skeletal sites are phalanges of the hand and calcaneus. It is also used for assessing the structural and biomechanical properties of bones contributing to bone strength.
The increase in the rate of fractures and increasing prevalence of osteoporosis act as the major factors driving the bone sonometer market. The high consumer inclination towards the radiation process because of the painless and quick procedure and growing nutrition deficiency in children causing juvenile osteoporosis globally accelerate the bone sonometer market growth. The rise in the popularity of standalone bone sonometer owing to its capability to scan large inpatient population, low maintenance cost of instrument and its accessories and the high demand from hospitals and specialty clinics and increasing cases of bones disorder including fractures and rheumatoid arthritis influences the bone sonometer market. The rising demand for portable bone sonometer from ambulatory surgical centers due to its ability to get connected with different digital platforms in order to perform accurate diagnosis, surge in the funding by the government to install the latest bone density measuring devices and increasing rate of malnutrition associated with osteoporosis also propels the bone sonometer market. Furthermore, the increase in cases of vitamin D and calcium deficiency, growing geriatric population, alcohol consumption and sedentary lifestyle positively affect the bone sonometer market. Furthermore, technological advancement and product innovations extend profitable opportunities to the bone sonometer market players in the forecast period of 2021 to 2028.
On the other hand, limited application and availability of alternative diagnostic tools are factors expected to obstruct the bone sonometer market growth. The presence of large number of suppliers is projected to challenge the bone sonometer market in the forecast period of 2021-2028.
This bone sonometer market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on bone sonometer market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Bone Sonometer Market Scope and Market Size
The bone sonometer market is segmented on the basis of type, technology, equipment and end users. The growth amongst these segments will help you analyze meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
- On the basis of type, the bone sonometer market is segmented into central devices and peripheral devices.
- On the basis of technology, the bone sonometer market is segmented into ultrasound bone sonometer and dual energy X-ray bone sonometer (DEXA).
- On the basis of equipment, the bone sonometer market is segmented into standalone and portable.
- On the basis of end users, the bone sonometer market is segmented into hospitals, ambulatory surgical centers, specialty clinics and others.
Global Bone Sonometer Market Country Level Analysis
The bone sonometer market is analyzed and market size insights and trends are provided by country, type, technology, equipment and end users as referenced above.
The countries covered in the bone sonometer market report are the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the bone sonometer market because of the well-developed and accessible health care infrastructure. Asia-Pacific is estimated to witness the fastest growth in the forecast period of 2021-2028 due to the rise in prevalence of vertebral fractures in men and women.
The country section of the bone sonometer market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Healthcare Infrastructure growth Installed base and New Technology Penetration
The bone sonometer market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for bone sonometer market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the bone sonometer market. The data is available for historic period 2011-2019.
Competitive Landscape and Bone Sonometer Market Share Analysis
The bone sonometer market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to bone sonometer market.
The major players covered in the bone sonometer market report are Hologic, Inc., BeamMed Ltd., General Electric, Osteometer Meditech Inc., Echolight S.p.a., FURUNO ELECTRIC CO.,LTD., OSTEOSYS Corp, Swissray, CyberLogic, inc., DMS Imaging, GENERAL ELECTRIC COMPANY, Lone Oak Medical Technologies LLC, Medilink International, AMPall Co.,LTD., Eurotec Medical Systems s.r.l., Medonica Co. LTD, Oscare Medical, Trivitron Healthcare, nanoomtech among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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Research Methodology
Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
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