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
Pune, India -- (SBWIRE) -- 04/10/2018 -- 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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The major factors driving the growth of this market are rising prevalence of chronic diseases, fast growing incidence of hip and vertebral fractures, quick and accurate detection, technological advancements, and growing geriatric population. On the other hand, unfavourable reimbursements on DEXA scans and costlier nature of these equipments the market's growth is being hindered.
Global Dual Emission X-Ray Absorptiometry (DEXA) Equipment Market Segmentation:
The Global DEXA Equipment Market is segmented on the basis of type, application, end user, and geography.
On the basis of product type, the global DEXA equipment market is segmented into central DEXA (C-DEXA) and peripheral DEXA (p-DEXA). In 2017, C-DEXA segment is expected to dominate the global DEXA equipment market with around 90.0% market share and is expected to continue with the same trend in the forecast period 2017 to 2024.
On the basis of application, the global DEXA equipment market segment is segmented into bone densitometry, body composition analysis, fracture risk assessment and fracture diagnosis. In 2017, bone densitometry segment is expected to dominate the global DEXA equipment market segment.
On the basis of end user, the global DEXA equipment market segment is segmented into hospitals, clinics, and mobile health centers. In 2017, hospitals segment is expected to dominate the global DEXA equipment market segment with around 65.0% market share and clinics segment is expected to grow at the highest CAGR in the forecast period.
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Global Dual Emission X-Ray Absorptiometry (DEXA) Equipment Market Key Drivers:
Some of the major factors driving the DEXA equipment market are DEXA scans to measure bone mineral density (BMD) quickly and accurately at the hip and spine, 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. Also, increasing prevalence of chronic diseases and technological advancements are the major factors driving the growth of the DEXA equipment market.
- Unfavourable reimbursements on DEXA scans, risk to pregnant women, lack of trained staff, and costlier nature of these equipments the market's growth is being hindered.
- DEXA is considered to be the gold standard for body composition analysis and bone densitometry tests.
- DEXA (Dual-energy X-ray Absorptiometry) is an improved form of X-ray technology that helps in accurate detection of osteoporosis.
- Growing medical tourism in Asia will drive the market in future.
Global Dual Emission X-Ray Absorptiometry (DEXA) Equipment Market Key Points:
Hologic, Inc. is going to dominate the DEXA equipment market following with followed by GE Healthcare and Osteometer Meditech Inc., along with others such as Swissray International, Inc., MB Tech, DMS Imaging, The AcnSrl, Demetech AB and AMPallCo.,LTD.
- Central DEXA market is growing with the highest CAGR.
- Bone densitometry is driving the market with the highest market share. However, fracture assessment is growing with the highest CAGR.
- Hospital segment is expected to dominate the global DEXA equipment market.
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