bone-sonometer-market

Bone Sonometer Market By Equipment (Standalone and Portable), By End User (Ambulatory Surgical Centers, Specialty Clinics and Hospitals) - Growth, Future Prospects & Competitive Analysis, 2024 – 2032

25 Aug 2019 Format PDF icon PPT icon XLS icon Request Sample

Industry Outlook

The bone sonometer market is set to reach from US$ 1037.0 Mn in 2021 to US$ 1,664.6 Mn by 2030 expanding at a compound annual growth rate (CAGR) of 5.5% during the forecast period from 2023 to 2030. As per the latest research findings brought forward by the International Osteoporosis Foundation (IOF) in 2017, approximately 8.9 million fractures associated with osteoporosis were recorded throughout the globe. Looming threat of malnutrition and significant rise in geriatric population will propel the bone sonometer market growth in the near future.

"Low maintenance cost and capability to perform scanning of large inpatient population together increase the demand for standalone bone sonometer market"

In the current situation, standalone bone sonometer market is reigning the market. The primary factors fortifying its market growth are low maintenance cost associated with the instrument & its accessories and capability to scan large inpatient population increases its demand in hospitals and specialty clinics. Portable bone sonometer is gaining huge traction owing to latest product innovation and ability to be connected with various digital platforms thereby finding its utility in ambulatory surgical centers. 

"Installation of latest bone density measurement devices and proactive government funding together drive the hospitals market growth"

Hospitals occupy largest market share in the end-user segment for bone sonometer market. The major factors contributing towards its supreme market growth are installation of latest bone density measurement devices and proactive government funding. Ambulatory surgical centers are gaining tremendous demand owing to significant rise in the number of outpatient population and untapped patient population in the far lung remote areas. 

"Rising prevalence of osteoporosis and increasing public health awareness together drive the market growth in North America"

North America is the dominating regional segment for bone sonometer market representing a market share of 31.8%. The major aspects determining its market growth are rising prevalence of osteoporosis and increasing public health awareness. As per the latest research citing of National Osteoporosis Foundation (NOF), approximately 10 million Americans are suffering from osteoporosis and 44 million sufferings with low bone density thereby increasing their risk of being diagnosed with osteoporosis in the near future. Europe holds a market share of 27.5% on account of low bone density in adult women population. According to the statistics presented by International Osteoporosis Foundation (IOF) 1in 3 women above 50 years will suffer with fracture in their lifetime. Supportive regulatory environment provided by European Medical Agency (EMA) for the sale of bone sonometer will further boost the market growth. It is anticipated that Asia Pacific which currently accounts for 16.9% market share will register rapid growth in the near future owing to the looming threat of malnutrition due to daily diet deficient in vitamin D and calcium.

Medical device manufacturers engaged in the production of bone sonometer market are DMS Imaging, BeamMed Ltd., Echolight S.p.A., Furuno Electric Co., Ltd., GE Healthcare, Hologic, Inc., Lone Oak Medical Technologies LLC., Medilink, Osteosys Co., Ltd. and Osteometer Meditech, Inc.

Historical & Forecast Period

This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.

The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.

Research Methodology

The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Bone Sonometer market are as follows:

  • Research and development budgets of manufacturers and government spending
  • Revenues of key companies in the market segment
  • Number of end users and consumption volume, price and value.
  • Geographical revenues generate by countries considered in the report
  • Micro and macro environment factors that are currently influencing the Bone Sonometer market and their expected impact during the forecast period.

Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.

ATTRIBUTE DETAILS
Research Period  2022-2032
Base Year 2023
Forecast Period  2024-2032
Historical Year  2022
Unit  USD Million
Segmentation
Equipment
  • Standalone
  • Portable

End User
  • Ambulatory Surgical Centers
  • Specialty Clinics
  • Hospitals

 Region Segment (2022-2032; US$ Million)

  • North America
    • U.S.
    • Canada
    • Rest of North America
  • UK and European Union
    • UK
    • Germany
    • Spain
    • Italy
    • France
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • Australia
    • South Korea
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East and Africa
    • GCC
    • Africa
    • Rest of Middle East and Africa

Key questions answered in this report

  • What are the key micro and macro environmental factors that are impacting the growth of Bone Sonometer market?
  • What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
  • Estimated forecast and market projections up to 2032.
  • Which segment accounts for the fastest CAGR during the forecast period?
  • Which market segment holds a larger market share and why?
  • Are low and middle-income economies investing in the Bone Sonometer market?
  • Which is the largest regional market for Bone Sonometer market?
  • What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
  • Which are the key trends driving Bone Sonometer market growth?
  • Who are the key competitors and what are their key strategies to enhance their market presence in the Bone Sonometer market worldwide?
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