The global BoneSonometer Market, by Design (Portable Bone Sonometer and Stand Alone BoneSonometer), by End User (Hospitals, Ambulatory Surgical Centers, Clinics, andOthers), and by Region (North America, Latin America, Europe, Asia Pacific,Middle East, and Africa) was valued at US$ 864.3 million in 2017, and isprojected to exhibit a CAGR of 5.32% over the forecast period (2018 – 2026).Bone sonometer is a type of bone densitometry equipment that utilizes soundwaves, which strikes with bone tissue and provide details about bone tissue ingraphical manner. It is used to assess the health of peripheral skeletal bonesin body by use of radiology technique such as ultrasound sonography. Thistechnique is most important in assessing bone health, which will eventuallyavoid fracture incidences in cases of osteoporosis. Various peripheral skeletalsites that can be assessed with bone sonometer are calcaneus, phalanges of thehand, and tibia.
In addition, it can also assessthe structural and biomechanical properties of bone that contributes to bonestrength Bone sonometer is built with various advantageous features such assafe and non-invasive equipment, easy to use, easy to move due to portability.It can be used to check mineral status in all age groups including children,adults, and geriatric population. Increased prevalence of osteoporosis andfractures serves as an important factor for growth of the bone sonometermarket, worldwide. According International Osteoporosis Foundation factsheet2018, worldwide, osteoporosis causes over 8.9 million fractures annually,resulting in an osteoporotic fracture every 3 second, 1 in 3 women over age 50will experience osteoporotic fractures, compared to 1 in 5 men aged over 50worldwide, in the next decade.
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Moreover, global scalemalnourishment and nutritional deficiency in children may lead to juvenileosteoporosis and risk of fracture, which would create strong demand for bonesonometer in the market. Key players are launching innovative products, inorder to maintain and expand their business presence in the market. Suchinnovative products are addressing various needs of both surgeons and patients,thereby contributing to growth of the bone sonometer market. For instance, BoneIndex Ltd., one of Europe's top new manufacturers of medical devices, received510(k) clearance from the Food and Drug Administration (FDA) in 2017, for thesecond generation Bindex point-of-care device model to help in osteoporosisdiagnosis. This device provides point-of-care based on pulse-echo ultrasoundtechnique.
Browse 24 Market Data Tables and26 Figures spread through 155 Pages and in-depth TOC on “Global Bone Sonometermarket”- Design (Portable Bone Sonometer, Stand Alone Bone Sonometer), by EndUser (Hospitals, Ambulatory Surgical Centers, Clinics, and Others) and byRegion (North America, Latin America, Europe, Asia Pacific, Middle East, andAfrica)
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Key Takeaways of the BoneSonometer market:
The global bone sonometer marketis expected to exhibit a CAGR of 5.32% during the forecast period, owing toincreasing incidence of osteoporosis, growing awareness about preventive bonehealth, and increased geriatric population worldwide
Among design, portable bonesonometer is expected to hold larger share during forecast period, owing to itsconvenience of use, affordable cost as compared to standalone devices, andtechnological upgradation
Among end users, hospital isexpected to hold the largest market share, as hospitals are conventionallypreferred healthcare facility by patients for osteoporosis diagnostics andtreatment. Moreover, hospitals are equipped with variety of equipment for bonedensity scanning therefore, it is most likely to hold large share among all endusers in the bone sonometer market.
North America is expected to bethe dominant region in the bone sonometer market, followed by Europe. The U.S.spends highest per capita healthcare expenditure and its robust healthcareinfrastructure makes it an attractive destination for the bone sonometermarket. According to statistics by International Osteoporosis Foundation,osteoporosis and low bone mass are currently estimated to be a major publichealth threat, which affects about 44 million in population with age 50 yearsand above in the U.S.
Key players operating in the bonesonometer market include, Hologic, Inc., GE Healthcare, Echolight, DMS Imaging,Osteocys Co. Ltd., BeamMed Ltd., Medilink, and Furuno Electric Co., Ltd.
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