BONE DENSITOMETERS MARKET ANALYSIS

Regional Analysis

Regional segmentation of the bone densitometers market by Coherent Market Insights comprises North America, Europe, Latin America, Asia Pacific, Middle East, and Africa. North America is estimated to be the fastest growing region in the global bone densitometers market. This is mainly due to relatively better healthcare infrastructure, providing good medical facilities and treatment. Major players are focusing on introduction of novel technologies to cater to large patient base of osteoporosis. For instance, Hitachi Aloka introduced EggQus, a compact and portable ultrasound bone densitometry system in 2015. Also, in May 2015, Lone Oak Medical Technologies, LLC received authorization from Health Canada for its product accudxa2, a device designed for treatment and diagnosis of bone-related disorders. Asia Pacific market is expected to witness the highest growth rate over the forecast period, owing to improving healthcare facilities in countries in the region. For instance, in 2013, private health expenditure as % of GDP was 66.9% and 44.0% for India and China respectively according to the World Data Bank. Moreover, regional players are providing low cost products, which in turn, increases its accessibility for middle income group. Asia Pacific region is expected to attract medical tourists for orthopedic treatment, especially in emerging economies in the region such as India. For instance, according to Directorate-General of Commercial Intelligence and Statistics of India, in 2015, Indian hospitals had 460,000 international patients for various treatments.