An Incisive, In-depth Analysis on the Bone Densitometer Devices Market
This study offers a comprehensive, 360 degree analysis on the Bone Densitometer Devices market, bringing to fore insights that can help stakeholders identify the opportunities as well as challenges. It tracks the global Bone Densitometer Devices market across key regions, and offers in-depth commentary and accurate quantitative insights. The study also includes incisive competitive landscape analysis, and provides key recommendations to market players on winning imperatives and successful strategies.
Global bone densitometer devices market companies are mulling over new mergers and acquisitions to increase market share
The global bone densitometer devices market was valued at more than US$ 200 Mn in 2015 and was estimated to cross US$ 260 Mn by 2016, registering a Y-o-Y growth rate of 2.9% over 2015–2016. The market is likely to grow above US$ 375 Mn by the end of 2026, reflecting a CAGR of 3.5% during the forecast period (2016–2026). There are multiple factors which are likely to play a crucial role in the expansion of the global bone densitometer market. A booming global healthcare market is anticipated to play the role of a key driver in the overall growth of the global bone densitometer devices market. Emerging market trends and several awareness campaigns on osteoporosis rolled out by NGOs across the globe are further likely to increase the demand in the market. Leading companies operating in the global bone densitometer devices market are investing heavily in acquisitions and inking new deals. These activities are expected to boost the global bone densitometer devices market in the forthcoming years. Leading market players are focussing on new innovations to stay afloat in the global bone densitometer devices market. The rising global trend of medical tourism is likely to benefit key market stakeholders in the next decade.
Most attractive regions for bone densitometer devices market players
The North America and APEJ markets present highest growth opportunities for bone densitometer devices manufacturers owing to a large patient population and more demand for bone densitometer devices in these regions. North America is the fastest growing market, expected to reach a market valuation in excess of US$ 150 Mn with a market revenue share exceeding 50% by 2026 end, registering a CAGR of 3.6% over the forecast period. APEJ represented more than 12% revenue share in the global bone densitometer devices market in 2015 and is forecasted to expand at 4.2% CAGR over the assessment period to represent close to 16% share in the global market by 2026 end. MEA is projected to be the least attractive market in the global bone densitometer devices market with a market attractiveness index of 0.3 over the forecast period.
End users on the radar of leading companies in the global bone densitometer devices market
Hospitals end user segment is estimated to be the most lucrative segment in the global bone densitometer devices market. The Diagnostic Centres segment is predicted to show robust growth owing to increasing number of bone health diagnostic centres globally. The Orthopaedic Clinics segment is projected to represent a market attractiveness index of 0.5; orthopaedic clinics are likely to have less number of installations of bone densitometer devices due to increasing prices of instruments.
Leading companies are likely to compete hard to control their base in the global bone densitometer devices market
The global bone densitometer devices market is largely consolidated, with the top two players – GE Healthcare and Hologic Inc. – accounting for close to 75% market share in 2015. GE Healthcare accounted for the largest share of 46.3% of the global market in 2015 and growth of this company is owing to a consistent focus on manufacturing innovative products and engaging in distribution partnerships to increase sales. Hologic Inc. accounted for the second-largest share of 27.8% of the global market in 2015 due to its strong R&D focus and improved bone densitometer devices. Other key players such as Osteosys Co. Ltd, Beammed Ltd., Diagnostic medical System SA, and Swissray International, Inc. are estimated to account for 8.9% of the market share of the global bone densitometer devices market. GE Healthcare has merged its healthcare business unit with Wipro to expand the sale of diagnostic medical devices such as bone densitometers in India. The company has also collaborated with Alpha Source Inc. to strengthen its distribution channel in emerging markets.
Future Market Insights presents a comprehensive analysis of the global bone densitometer devices market in a new publication titled “Bone Densitometer Devices Market: Global Industry Analysis and Opportunity Assessment, 2016–2026”. In the report we have forecasted the global bone densitometer devices market across different geographical regions and on the basis of various market segments and have provided a critical assessment of the opportunities available to all the companies operating in the global bone densitometer devices market. We have also focussed on highlighting several developments that are likely to impact the growth of the global bone densitometer devices market. Our analysts have studied the market psyche and identified the market trends, drivers and restraints that are expected to influence the climate of the global bone densitometer devices market in the years to come. Through extensive research, our analysts have studied how the different market dynamics are likely to impact the current environment and future scenario of the global bone densitometer devices market thereby providing useful insights to market players to plan their differentiating strategies capable of evolving with the changing market landscape.
Our report on the performance of the global bone densitometer devices market for the period 2016 – 2026 begins with an overview of the market followed by key definitions and an executive summary that gives a 360o view of the revenue forecast of the global bone densitometer devices market. We also present the market taxonomy in this section where we divide the global bone densitometer devices market into different segments. In the next section, we do a deep dive into the key market dynamics and present our independent analysis of the various factors, challenges, and market trends that we feel will define the market in the next few years. The following sections quantify our analysis of the global bone densitometer devices market by presenting data on the market size along with key performance metrics. We have devoted the last section of the report to study the market performance of some of the top companies operating in the global bone densitometer devices market.
Global Bone Densitometer Devices Market: Segmentation
By End Use
Our research methodology
Future Market Insights has carried out in-depth secondary research to gauge the overall size of the global bone densitometer devices market. Our seasoned analysts have gathered relevant market data by speaking to various stakeholders working in the global bone densitometer devices market. We have sliced and diced the massive pool of data gathered through secondary and primary research and validated this data using the triangulation method. Finally we have scrutinised the procured data using advanced tools to obtain qualitative and quantitative insights into the global bone densitometer devices market.
Key metrics to substantiate market insights
In this report on the global bone densitometer devices market, we have encapsulated the key metrics that accurately describe the global bone densitometer devices market and used this data to compare market performance across the various segments and regions. We understand that the nature of the global economy is very volatile and hence besides estimating the Compound Annual Growth Rate (CAGR) for the global and regional markets, we have also analysed the global bone densitometer devices market on the basis of growth parameters such as Year-on-Year (Y-o-Y) growth to understand market predictability and to identify the right opportunities likely to emerge in the global bone densitometer devices market. Further, we have studied the different market segments by conducting a Basis Point Share (BPS) analysis to understand the relative contribution of individual segments to overall market growth.
We feel this detailed level of information is important to identify the many key trends governing the global bone densitometer devices market. Another notable feature of our report is an analysis of the revenue forecast of the global bone densitometer devices market in terms of absolute dollar opportunity. While this is usually overlooked when forecasting the market, we believe absolute dollar opportunity analysis is critical in assessing the level of opportunity that market providers can look to achieve and also to identify potential resources in the global bone densitometer devices market. Finally, we know the importance of dissecting the different market segments in terms of their growth and performance in the global bone densitometer devices market, and towards this end, we have developed a market attractiveness index to help market players identify current and future market opportunities.
Our report on the global bone densitometer devices market is drafted by considering several important elements. Weighted Average Selling Price (ASP) has been considered to deduce market values. A bottom-up approach has been used to assess market numbers while top-down approach has been used to counter-validate the reached numbers. Macro-economic indicators such as healthcare industry outlook, healthcare spending, prevalence of cancer, and Gross Domestic Product have been considered to arrive at the indicated market numbers.