Report ID: UCMIG35A2395
Report ID:
UCMIG35A2395 |
Region:
Global |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
In 2016, the market for bone densitometers was valued at USD 893.7 million, and it is anticipated to expand at a CAGR of 3.9% in the years to come. The market is primarily driven by a noticeable rise in osteoporosis prevalence worldwide. Due to this unheard-of increase, there is now a huge need for bone densitometers for accurate assessment, which will increase future growth potential. Additionally, it is projected that the expanding geriatric population, which is highly susceptible to developing osteoporosis, would drive the overall need for these instruments.
This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Health Care Equipment by segment aggregation, the contribution of the Health Care Equipment in Health Care Equipment & Services and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
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Report ID: UCMIG35A2395