As per the forecast figures calculated by TMR, the global bone densitometers market has been projected to gain an around US$1.11 bn by 2024 from US$0.84 bn in 2015. The analysts have estimated a CAGR of 3.10% for the forecast timeframe 2016–2024. According to technology, the market for axial bone densitometry could stay dominant in future, considering its larger share of an over 65.0% in 2015. North America has been envisioned to finish at the top of the table by the concluding forecast year after registering an approximate 44.0% share in 2015.

The authors of a recent TMR report have foreseen the world bone densitometers market to witness a staggering growth to take shape on the back of a rising need to accurately diagnose various types of bone disorders. The rising count of patients suffering from bone-related diseases such as deficiency of vitamin D and arthritis has been prophesied to augur well for the demand for bone densitometers. This could optimistically impact the growth of the market in the near future. A substantial degree of demand has been envisaged to be witnessed in the market as the incidence of osteoporosis in postmenopausal females sees a surge besides the growth of geriatric population.

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More opportunities have been predicted to take birth in the world bone densitometers market with the emergence of portable devices and developing preference for cost containment measures. Emerging markets such as India, Japan, Brazil, and China could create prospects in future with the increasing recognition and availability of bone densitometers and their technological development. India has been expected to be a prominent Asia Pacific market, considering its increasing public and private investments in life sciences research.

North America, Asia Pacific, the Middle East and Africa, Latin America, and Europe are the main geographical segments of the worldwide market for bone densitometers. In 2015, North America dominated the global market with a share of nearly 44%. With the introduction of favorable reimbursement policies for the diagnosis of osteoporosis, this regional market is expected to retain its position over the next few years. Europe, which held the second position in the global bone densitometers market, is likely to witness healthy growth in the near future, thanks to the increase in development of newer and sophisticated technologies and the growing awareness among people regarding the benefits of early detection of bone related diseases.

Similarly, Asia Pacific is also anticipated to experience a considerable rise in its bone densitometers market in the years to come. Japan has emerged as the leading domestic market for bone densitometers in Asia Pacific, owing to owing to the easy availability of DEXA machines. Developing Asian economies, such as China and India, are projected to offer lucrative growth prospects to players over the next few years, thanks to the improving health care infrastructure, rising private and public investments in life sciences research, and the advancements in diagnostic technologies.

Report Overview, with TOC - https://www.transparencymarketresearch.com/report-toc/1643

The global bone densitometers market has been forecasted by Transparency Market Research (TMR) to testify a predominant lead secured by prominent enterprises such as Hologic, Inc. and GE Healthcare. In 2015, both these players accounted for a close to 70.0% of the overall share in aggregate. At present, top-level businesses dealing with bone densitometers could fortify their status in the industry by concentrating on technological developments and innovations. The competition in the market has been projected to propel further in future as it could already be tellingly high in the current scenario.

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