Global Dual Emission X-Ray Absorptiometry (DEXA) Equipment Market, By Product Type (Central DEXA, Peripheral DEXA), By Application (Body Composition Analysis, Fracture Diagnosis, Bone Densitometry, Fracture Risk Assessment), By End-User (Hospitals, Clinics, Mobile Health Centers, Over the Counter), By Geography (North America, Europe, Asia-Pacific, South America, Middle East and Africa, Rest of the World) – Industry Trends and Forecast to 2024
Global DEXA Equipment Market is expected to reach USD 370.3 million by 2024 from USD 213.8 million in 2016, at a CAGR of 7.1%in the forecast period 2017 to 2024. The new market report contains data for historic year 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.
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Market Drivers: Global DEXA Equipment Market
Dual Energy X-ray Absorptiometry (DEXA) scans to measure bone mineral density (BMD) quickly and accurately at the hip and spine and have an important role in the evaluation of individuals at risk of osteoporosis, and in helping clinicians’ advice patients about the appropriate use of any fracture treatment. Increasing prevalence of chronic diseases and technological advancements are the major factors driving the growth of DEXA equipment market.
RISING CASES OF CHRONIC DISEASES
The incidence of chronic diseases is on the rise such as osteoporosis, obesity and others. Osteoporosis is one of the most common forms of bone disease.
It is generally related to the thinning of the bones which can result in painful fractures. In recent years, the prevalence of chronic diseases (such as cancer, diabetes, hormonal disorder, and others) across the globe has increased considerably over a period of time.
The rapidly increasing aging population and the subsequent rise in chronic conditions are the major driving factors.
QUICK AND ACCURATE DETECTION
DEXA (Dual-energy X-ray Absorptiometry) is an improved form of x-ray technology that helps in accurate detection of osteoporosis. It can also be considered as an accurate estimator of fracture risk or to assess the risk for developing fractures.
DEXA bone densitometry is the established standard to measure bone mineral density (BMD).
The miniature size and the portability have proved to be a very successful technological advancement in the field of DEXA equipment market. The technological advancement in the measurement of bone density has risen to manifold.
DEXA is now considered the most widely used technique for the measurement of the density of bone. The advancement in the DEXA technology has dramatically decreased the scan time to 5-10 minuteswhereas DEXA scan would approximately take 20-25 minutes, so the method has become much more convenient and non-invasive.
GROWING GERIATRIC POPULATION
The older people are at high risk for osteoporosis. The BMD testing is underutilized and drug therapy is often not initiated when indicated in this age population.
It is very important for the healthcare providers to be fully aware about the potential benefits and risks of diagnosing and treating osteoporosis in the senior population. For measuring falls, strategies should be implemented to reduce fall risk in the population causing osteoporosis.
For instance, according to the National Osteoporosis Foundation with the passage of age, one starts losing more bone as compared to the bone formation.
The market is segmented on the basis of type, application, end user, and geography.
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On the basis of product type the DEXA equipment market is segmented into central DEXA (C-DEXA) and peripheral DEXA (p-DEXA).
On the basis of application, the market is segmented into bone densitometry, body composition analysis, fracture risk assessment and fracture diagnosis.
On the basis of end users the market is segmented into hospitals, clinics, and mobile health centers.
Based on geography, the market is segmented into 5 geographical regions:
- North America
- South America
- Middle East and Africa.
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The geographical regions are further segmented into major countries such as U.S. Canada, Mexico, Germany, France, U.K., Belgium, Switzerland, Belgium, Turkey, Japan, China, Singapore, Brazil, India, Russia, South Africa and many others.
The Global DEXA Equipment Market Report contains an in-depth profiling of the key market players, along with the recent developments (new product launches, partnerships, agreements, collaborations, and joint ventures) and strategies adopted by them to sustain and strengthen their positions in the market.
Some of the major players operating in the DEXA Equipment Market:
- GE Healthcare
- Dms Imaging
- Hologic, Inc.
- Swissray International Inc.
- Medilink International
- Medonica Co. LTD
- Demetech AB
- MB Tech
- Osteometer Meditech Inc.
- l’acn – l’accessorio nucleare s.r.l.
- HSL Hospital Services Limited
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