Health

Bone Sonometer Market Research Report with Revenue, Gross Margin, Market Share and Future Prospects till 2026

Press Release

These devices are portable and take only a fraction of minutes to measure bone density. Bone sonometers are especially used to assess the bone mineral status in children, neonates, and pediatric patients, who cannot be exposed to radiation and who are likely to develop osteoporosis in the near future, due to nutritional deficit.

Bone Sonometer is a noninvasive method of estimating bone mineral status at peripheral skeleton. In addition to bone density, this method also provides qualitative data such as structural information, which is important in detecting fracture risk. Major advantage of this technique and devices used under it are, it is safe as no radiation is used, easy to use even at home care settings, and cost-effective as compared to other techniques used to determine bone density.

The global Bone Sonometer Market size was valued at US$ 864.3 million in 2017, and is expected to witness a CAGR of 5.32% over the forecast period (2018 – 2026).

Market Dynamics

Increasing cases of osteoporosis fracture and high cost associated with treatment would lead to more preference for adopting preventive care measures in all age groups. According to Osteoporosis Canada, osteoporosis causes 70–90% of the 30,000 hip fractures annually. Moreover, in 2012, treatment of osteoporosis was valued at around US$ 3.9 billion in Canada. In addition, growing aged population would create greater need for skeletal diagnosis system to determine bone density and overall bone health, which would create more demand for bone sonometer market.

Increasing incidence of fracture due to osteoporosis would be major reason for growth of the bone sonometer market. According to International Osteoporosis Foundation statistics in 2017, over 8.9 million fractures are caused due to osteoporosis, annually. Furthermore, according to same source, around 200 million postmenopausal women suffer from osteoporosis, globally. According to Centers for Disease Control and Prevention (CDC), in 2016, around 25% women aged 65 and above were suffering from osteoporosis of the femur neck or lumbar spine, and needed treatment. Such instances will in turn fuel growth of the bone sonometer market.

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Key Players

Key players operating in the global 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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Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.

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