The global Bone
Sonometer Market, by Design (Portable Bone Sonometer and Stand Alone Bone
Sonometer), by End User (Hospitals, Ambulatory Surgical Centers, Clinics, and
Others), and by Region (North America, Latin America, Europe, Asia Pacific,
Middle East, and Africa) was valued at US$ 864.3 million in 2017, and is
projected to exhibit a CAGR of 5.32% over the forecast period (2018 – 2026).
Bone sonometer is a type of bone densitometry equipment that utilizes sound
waves, which strikes with bone tissue and provide details about bone tissue in
graphical manner. It is used to assess the health of peripheral skeletal bones
in body by use of radiology technique such as ultrasound sonography. This
technique is most important in assessing bone health, which will eventually
avoid fracture incidences in cases of osteoporosis. Various peripheral skeletal
sites that can be assessed with bone sonometer are calcaneus, phalanges of the
hand, and tibia.
In addition, it can also assess
the structural and biomechanical properties of bone that contributes to bone
strength Bone sonometer is built with various advantageous features such as
safe 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 and
fractures serves as an important factor for growth of the bone sonometer
market, worldwide. According International Osteoporosis Foundation factsheet
2018, worldwide, osteoporosis causes over 8.9 million fractures annually,
resulting in an osteoporotic fracture every 3 second, 1 in 3 women over age 50
will experience osteoporotic fractures, compared to 1 in 5 men aged over 50
worldwide, in the next decade.
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Moreover, global scale
malnourishment and nutritional deficiency in children may lead to juvenile
osteoporosis and risk of fracture, which would create strong demand for bone
sonometer in the market. Key players are launching innovative products, in
order to maintain and expand their business presence in the market. Such
innovative products are addressing various needs of both surgeons and patients,
thereby contributing to growth of the bone sonometer market. For instance, Bone
Index Ltd., one of Europe's top new manufacturers of medical devices, received
510(k) clearance from the Food and Drug Administration (FDA) in 2017, for the
second generation Bindex point-of-care device model to help in osteoporosis
diagnosis. This device provides point-of-care based on pulse-echo ultrasound
technique.
Browse 24 Market Data Tables and
26 Figures spread through 155 Pages and in-depth TOC on “Global Bone Sonometer
market”- Design (Portable Bone Sonometer, Stand Alone Bone Sonometer), by End
User (Hospitals, Ambulatory Surgical Centers, Clinics, and Others) and by
Region (North America, Latin America, Europe, Asia Pacific, Middle East, and
Africa)
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Report: https://www.coherentmarketinsights.com/market-insight/bone-sonometer-market-2269
Key Takeaways of the Bone
Sonometer market:
The global bone sonometer market
is expected to exhibit a CAGR of 5.32% during the forecast period, owing to
increasing incidence of osteoporosis, growing awareness about preventive bone
health, and increased geriatric population worldwide
Among design, portable bone
sonometer is expected to hold larger share during forecast period, owing to its
convenience of use, affordable cost as compared to standalone devices, and
technological upgradation
Among end users, hospital is
expected to hold the largest market share, as hospitals are conventionally
preferred healthcare facility by patients for osteoporosis diagnostics and
treatment. Moreover, hospitals are equipped with variety of equipment for bone
density scanning therefore, it is most likely to hold large share among all end
users in the bone sonometer market.
North America is expected to be
the dominant region in the bone sonometer market, followed by Europe. The U.S.
spends highest per capita healthcare expenditure and its robust healthcare
infrastructure makes it an attractive destination for the bone sonometer
market. According to statistics by International Osteoporosis Foundation,
osteoporosis and low bone mass are currently estimated to be a major public
health threat, which affects about 44 million in population with age 50 years
and above in the U.S.
Key players operating in the bone
sonometer market include, Hologic, Inc., GE Healthcare, Echolight, DMS Imaging,
Osteocys Co. Ltd., BeamMed Ltd., Medilink, and Furuno Electric Co., Ltd.
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