Bone Density Test Market Market Statistics, Outlook, Dynamics, Growth Analysis, Segmentation and global Industry By 2027

The Asia Pacific to Get Good Traction for Bone Density Test Market

Overview:

The global market for bone density test has a better growth opportunity with various changes in the market and it can record a rise with 7.2?GR between 2017 and 2023, which can be considered as the forecast period of Market Research Future (MRFR). 

Bone Density Test Market 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.

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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 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:

Companies making significant moves in the global market for bone density tests can be taken into consideration for a detailed understanding of how the market is planning to move forward. MRFR’s inclusion of these companies has opened up a probability for a detailed study of recent actions. These companies are 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. 

Segmental Analysis

The analysis of the segments the cardiac valve market is segmented on the basis of types, diseases, treatment, region, and end-users. Based on the types, the cardiac valve market is segmented into tissue heart valve, trans-catheter heart valve, mechanical heart valve, and others. Based on the disease, the cardiac valve market is segmented into heart valve disease, aortic valve replacement, mitral valve stenosis, and others. The end-users based segmentation of the cardiac valve market consists of hospital & clinics, cardiac research institute, and others. On the basis of regions, the cardiac valve market is segmented into Africa, Europe, APAC, the Middle East, and the Americas.

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Detailed Regional Analysis    

The regional appraisal of the cardiac valve market notes that the Americas region largely comprises of South America and North America out of which North America governs the market due to the incidence of a huge number of patients with cardiac diseases, growing geriatric population, and mounting healthcare spending.  The European region is the next highest revenue-generating region in the cardiac valve market. The more developed nations in Western Europe such as France, Germany, and the UK are controlling the major market portion, whereas the East European nations are also increasing at a substantial rate. Furthermore, factors like the evolving healthcare infrastructure and growing healthcare expenditure will lift the market evolution in this region. In the Asia Pacific region, growing government backing for research & development in the healthcare area and a mounting number of cardiovascular diseases are driving the progress of the market in this region. The Middle East & African region is anticipated to show a minimum market share owing to reduced availability of medical facilities, and limited development in the healthcare domain.

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