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Significant Sales Growth Foreseen By Osteoporosis Testing Market

The recent study by Fact.MR on Osteoporosis Testing Market Demand offers a 10-year forecast. This Osteoporosis Testing market outlook report explicates on vital dynamics such as the drivers, restraints and opportunities for key players and competitive analysis along with key stakeholders as well as emerging players associated with the manufacturing of product.

The Key trends Analysis of Osteoporosis Testing also provides dynamics that are responsible for influencing the future Sales and Demand of Osteoporosis Testing market over the forecast period.

Introduction

Osteoporosis testing is a type of procedure that allows physicians/rheumatologists to examine bone density in the outpatient clinic. Osteoporosis is a disease identified by thinning and deterioration of bone tissue with loss of calcification and density. Osteoporosis can increase over time.

This can cause the bone to become brittle and increasingly porous. Women and older adults are more at risk of being affected by osteoporosis. Heredity, low body weight, and chronic use of certain medications (steroids) may also risk factors for the disease. Lifting, bending, bumping, sneezing can also cause a bone to break in people affected by osteoporosis.

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Osteoporosis testing market: Segmentation

Tentatively, osteoporosis testing market has been segmented on the basis of the component, end user, and geography.

Based on product type, osteoporosis testing market is segmented as below:

  • Dexa-Scan
  • FRAX tool
  • CT scans
  • X-rays
  • Ultrasounds

Based on end user, osteoporosis testing market is segmented as below:

  • Hospitals
  • Orthopedic Clinics
  • Ambulatory Surgical Centers

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Leading Companies Profiled in the Osteoporosis Testing Market are:

A comprehensive estimate on Demand of Osteoporosis Testing market has been provided through an optimistic scenario as well as a conservative scenario, taking into account the sales of Osteoporosis Testing market. Price point comparison by region with global average price is also considered in the study.

Osteoporosis testing Market: Key Players

Some of the players identified in the Osteoporosis testing market include GE Healthcare, Merck & Company, B.M.Tech. Worldwide Co. Ltd, DMS Imaging, Swissray, Hologic Inc. Pfizer Inc., CompuMed, Inc., Eli Lilly and Company

Osteoporosis testing Market: Regional Outlook

Geographically, Osteoporosis testing market is segmented into regions viz. North America, Europe, Asia-Pacific excluding Japan, Middle East and Africa and Japan. North America & Europe region exhibits a healthy growth in terms of revenue due to increased awareness of checking osteoporosis as a part of routine checkup.

The lower cost of the procedure compared with other alternative treatment and low risk associated with the procedure is boosting the growth of osteoporosis testing market.

The developing cluster of North America, Asia, and Africa region is likely to gain momentum in late 2020. Patient population suffering from osteoporosis testing are mostly prescribed with alternative medicine treatment in the region, which results in chronic side effects due to treatment.

Osteoporosis testing Market: Snapshot

According to the International Osteoporosis Foundation, globally, 8.9 million people suffer from fractures annually because of osteoporosis. Approximately one-tenth of 60-year-olds, one-fifth of women aged 70, two-fifths of 80-year-old women and two-thirds of women aged 90.

Osteoporosis affects an estimated 75 million people in Europe, North America and Japan. Increasing number of patients have been visiting for osteoporosis testing, and its growing demand exhibits lucrative growth opportunity for companies investing in this market.

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Osteoporosis testing Market: Drivers and Restraints

Growing number of incidence of Osteoporosis are driving the growth of Osteoporosis testing market. Rapid turnaround time, lower cost of procedure over conventional methods also fuel the growth of Osteoporosis testing market.

Also, the varied application of Osteoporosis testing procedures in analyzing/tracking bone density and increasing adoption in a routine check of Osteoporosis is harnessing the growth of Osteoporosis testing market.

Osteoporosis testing is a technological integration of existing bone densitometer or scanning techniques have further reduced the risk associated with kyphoplasty or vertebroplasty procedures.

However, potential side effects associated with the kyphoplasty or vertebroplasty procedures such as nosebleed, fainting, blood pressure fluctuation or reactions due to the anesthesia would hamper the adoption rate. Lack of awareness between joint pain and osteoporosis and limitations of DEXA leads to restrains the osteoporosis testing market.

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