April 16, 2008 - The worldwide bone densitometers market is projected to reach $698 million by 2010, said a recent report published by Global Industry Analysts Inc.
The alarming rise of osteoporosis has propelled the need for early detection of the disease. Apart from this, introduction of new drug therapies and the need for frequent tests for osteoporosis detection have fuelled the demand for bone densitometers. Moreover, improved access to better diagnostic technologies and increased patient awareness have catalyzed growth in the diagnosis sector, thereby fuelling growth in the global densitometers market. In value terms, Europe and the United States capture 70 percent share of the market. Asia-Pacific is projected to emerge as the fastest growing region, posting a CAGR of 6.8 percent over the 2000-2010 period.
Bone Densitometers are characterized by the technology employed in the equipment. Worldwide market for bone densitometry is dominated by the presence of DEXA, ultrasound devices and a host of other bone densitometry techniques. Global market has witnessed increased acceptance of ultrasound devices in recent times, which is the fastest growing segment in the global bone densitometers market. New developments related to Dual Energy X-Ray Absorptiometry (DXA) technology are driving enhancements in the diagnosis of osteoporosis, cardiovascular diseases, and fracture risk. Bone densitometers market is analyzed by two primary product segments -- axial bone densitometers and peripheral bone densitometers.
Peripheral densitometers represents the largest and fastest growing segment, in volume terms, with a CAGR of 8.8 percent over the period 2000-2010. In Europe, the Axial Bone Densitometers market is estimated at $129.5 million for 2008.
The report titled “Bone Densitometers: A Global Strategic Business Report” published by Global Industry Analysts, Inc., offers both volume and value analysis for the period 2000-2015. The report covers major market dynamics, trends, growth drivers and competitive scenario in the Bone Densitometers market. Analysis is presented for established and emerging markets including U.S., Canada, Japan, Europe, Asia-Pacific (excluding Japan), Middle East and Latin America.
For more information: www.StrategyR.com