Bone Sonometer Market Overview, Industry Top Manufactures, Market Size, Industry Growth Analysis & Forecast: 2023
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.
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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.
Market Segment:
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.
Key Regions
•
North America
•
Europe
•
Asia Pacific
•
Middle East and Africa
•
South America
Key Vendors
•
GE Healthcare Inc.
•
Hologic, Inc.
•
Furuno Electric Co., Ltd.
•
Osteosys Co., Ltd.
•
DMS Group
•
Swissray International, Inc.
•
BeamMed Ltd.
•
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