Global Bone Densitometer Market 2016-2020
About BDM devices
BDM tests assist medical practitioners in predicting the fracture risk of individuals by analyzing the composition of bones, including calcium and minerals. BDM devices are used as a non-invasive method of performing these tests that provide the quantitative measurement of bone mass or density. BDM devices are generally used in measuring bone mass, body composition, the risk of fracture, and pediatric development. The device is used to diagnose bone loss and osteoporosis, regulate the progress of osteoporosis medicine, and predict the risk of future bone fractures.
Technavio’s analysts forecast the global bone densitometer (BDM) market to grow at a CAGR of 3.42% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global bone densitometer (BDM) market for 2016-2020. To calculate the market size, the report presents the vendor landscape and a corresponding detailed analysis of the top vendors in the market.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Bone Densitometer (BDM) Market 2016-2020
Technavio recognizes the following companies as the key players in the global bone densitometer (BDM) market: CompuMed, DMS, GE Healthcare, Hologic, Swissray, BeamMed, Furuno Electric, Lone Oak Medical Technologies, MEDILINK, Osteometer Meditech, Osteosys, and Scanflex Healthcare.
Commenting on the report, an analyst from Technavio’s team said: “Medical tourism initiatives related to chronic diseases require early diagnosis as these medical conditions can potentially cause bone weakening, thereby leading to fractures in various parts of the body. Some of the countries that are popular for medical tourism initiatives include Costa Rica, Mexico, Singapore, India, Taiwan, Israel, Malaysia, South Korea, Thailand, and Turkey, which offer cost-effective treatment for cancer and other chronic diseases. A significant change in the number of people traveling to different countries is a trend that will boost the BDM market due to the availability of cost-effective treatments.”
According to the report, growth in demand for bone density measurement will be a key driver for market growth. The market has witnessed an increase in demand for bone density measurement tests owing to the improved precision and accuracy of BDMs and a high acceptance rate among end-users. An increase in awareness of the benefits of early disease diagnosis will further aid in sustaining the acceptance of BDMs worldwide. The growing prevalence of osteoporosis and other age-related bone diseases such as rheumatoid arthritis would result in the necessity for early detection of bone-related metabolic ailments. Early diagnosis and treatment will lead to a reduced number of fractures among individuals. This has led to a high demand for better diagnostic and therapeutic tools such as BDMs to address bone health issues for individuals of all ages. The demand for BDMs will be continually growing as it caters to the needs of the fast growing elderly population with high incidence rates of osteoporosis and various associated fractures.
Further, the report states that individuals in this field need to have an undergraduate degree in radiology or a related field, along with specific training and certifications. A densitometry technologist must have the knowledge of skeletal anatomy, densitometry techniques, radiation safety, basic statistics, and quality control procedures. In most cases, it is easy to collect data with a BDM, but the major challenge is the data interpretation. In order to operate the instruments and analyze a sample, the user must have a significant level of training with not only the method and the instrument but also the software required to run the analysis and collect the data. Therefore, end-users need to invest heavily in providing training to their employees in how to use BDM solutions effectively.
CompuMed, DMS, GE Healthcare, Hologic, Swissray, BeamMed, Furuno Electric, Lone Oak Medical Technologies, MEDILINK, Osteometer Meditech, Osteosys, and Scanflex Healthcare.