LONDON--(BUSINESS WIRE)--Technavio has announced the top five leading vendors in their recent global bone densitometer (BDM) market report. This research report also lists seven other prominent vendors that are expected to impact the market during the forecast period.

The increase in the adoption of refurbished bone densitometer (BDM) devices due to their low cost and easy availability among end-users in developing and underdeveloped countries will hamper the growth of the global BDM market. End-users may opt out of buying new devices due to the high cost, which ranges anywhere between USD 5,000 and USD 40,000.

Point-of-care (PoC) bone density testing is gaining prominence globally, especially in countries that witness frequent screenings due to a large patient population affected by chronic and bone-related diseases. PoC bone density testing ensures improved turnaround time, cost benefit, and increased patient satisfaction.
Competitive vendor landscape

The global BDM market is highly competitive with the presence of international and regional players in many countries. The market is growing moderately owing to an increase in the number of cases related to diseases such as cancer, driving the need for effective screening solutions.

The top vendors offer a broad range of BDM devices with different technologies under axial and peripheral BDM categories. A key strategy employed by most of the players in the market include M&A and partnerships. The vendors are constantly competing for the top position, with occasional spurts of competition from local manufacturers. The competitive strength of the market players is dependent on a host of factors, including product precision, product pricing, the speed of measurement, patient radiation dose, and product reliability and versatility.

“The demand will be high in emerging countries, especially in APAC countries such as India and China, due to an increase in the number of diagnostic laboratories and hospitals as a result of largely unmet patient needs. These countries will constitute the fastest growing market with many local players having a considerable share in the market due to their low-cost BDM solutions,” says Amber Chourasia, a lead lab equipment analyst from Technavio.

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