The global bone sonometer market is expected to display higher growth rate over the next five years. Rapid surge in the market is credited to the growing prevalence of osteoporosis disorder across the globe. Favorable government policies and rise in the number of promotional activities by private players are expected to drive market growth over the forecast period.
In addition, the rising geriatric population highly susceptible towards osteoporosis disorder is the key factor for sustained market growth in the recent years. Globally, market is predicted to generate massive revenue over the next five years, providing numerous opportunities for industry participants to invest in research and development of bone sonometer market.
Furthermore, increasing occurrence of osteoporosis disorder among menopausal women is expected to foster market growth over the forecast period. More than a million women are suffering from osteoporosis disorders across the globe. The recent technological advances in healthcare sector coupled with introduction of integrated digital detectors and computer-assisted & ultrasound sonometer are expected to fuel market demand for bone densitometer.
Bone sonometer tools offer ease of operation as well as reduced measurement time. Quantitative ultrasound index (QUI), bone mineral density (BMD) are measured with the help of bone sonometer. Bone sonometer are capable of measuring quantitative ultrasound index (QUI) and bone mineral density (BMD) based on single parameter i.e. speed of sound (SOS). Increasing demand for ultrasound bone sonometers in diverse medical application such as gynecology, endocrinology, and others is expected to favor market demand over the coming years.
Increasing number of collaborative research initiatives and new product developments undertaken by leading industry participants is predicted to offer lucrative growth opportunities in the near future. Development of advanced techniques in osteoporosis diagnostics is forecasted to steer industry expansion in the upcoming years.
The bone sonometer market is broadly categorized into two major segments based on the application type such as hospitals and clinics. Hospital segment is growing rapidly in the market with substantial revenue generation in the last few years. Growing popularity of bone sonometer in segment is attributed to the higher market penetration and rising number of distribution channels.
The market is divided by region as North America, Europe, Asia-Pacific, Latin America and Africa. North America has shown major growth in recent years owing to the rise in implementation of latest technologies in healthcare sector, surge in number of research & development activities in the region and existence of well-established medical infrastructure. In European region, Germany, France, and United Kingdom are projected to witness steady growth.
Asia-Pacific region is estimated to hold a major share in the bone sonometer market with massive growth in forecast period. Countries such as India, China and Singapore are leading the Asia-Pacific market with improved healthcare infrastructure in the region, rising medical expenditure by local governments, growing awareness among general population, and significant investment by leading industry players considering potential growth opportunities in the region.
The key players in the bone sonometer market are GE Healthcare, Inc., Hologic Inc., Beammed, Swissray International Inc., Osteosys Co., Ltd., Diagnostic Medical System S.A., Medonica Co., Ltd., Osteometer Meditech Co., and Lone Oak Medical Technologies LLC.
Report contents include
• Analysis of the bone sonometer market including revenues, future growth, market outlook
• Historical data and forecast
• Regional analysis including growth estimates
• Analyzes the end user markets including growth estimates.
• Profiles on bone sonometer including products, sales/revenues, and market position
• Market structure, market drivers and restraints.
• North America
• Asia Pacific
• Middle East and Africa
• South America
• GE Healthcare Inc.
• Hologic, Inc.
• Furuno Electric Co., Ltd.
• Osteosys Co., Ltd.
• DMS Group
• Swissray International, Inc.
• BeamMed Ltd.
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Research Support Specialist, USA