Key vendors are offering BDM devices with different technologies to increase their sales
Technavio, a company that develops over 2000 pieces of research every year and covers more than 500 technologies across 80 countries, has announced the top five leading vendors for the global bone densitometer market in their latest research report. This report also lists 7 other prominent vendors who are expected to contribute to this market’s growth between 2016-2020.
To identify the top vendors, Technavio’s market research analysts have taken into account the revenue generated by the sales devices sold with different technologies.
- Axial BDMs: These devices are used to take bone density measurements in an individual’s hip and spine. It uses small amount of ionizing radiation to form images of the bones to assess bone loss measurement.
- Peripheral BDMs: It is used to measure the bone density of extremities such as hands and feet that includes finger, kneecap, wrist, shinbone, and heel. These are compact devices that allow easy portability, efficient handling, and higher acceptance rate among end-users.
This Technavio report, under lab equipment vertical, is based on the synthesis, analysis, and interpretation of information about the global bone densitometer market collected from specialized sources. The analysts have derived insights using a mix of primary and secondary research with an aim to provide a holistic picture of the market.
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Competitive vendor landscape
The competition in the market is very intense due to the presence of various international and regional players. The vendors are focusing on effective screening solutions for terminal and life-threatening diseases like cancer. The manufacturers are offering a wide range of devices with advanced technologies that include axial and peripheral BDM categories. The vendor is forming strategic alliances like partnerships and mergers and acquisitions to increase their market share. The players are competing on the basis of product precision, product pricing, the speed of measurement, patient radiation dose, product reliability, and versatility. The companies are focusing to tapping new potentials in emerging nations like India and China to increase their global footprint. Manufacturers will invest in the development of technologies to offer low-cost BDM solutions.
“The vendors are focusing on the development new technologies to provide better and improve solutions like point-of-care (PoC) bone density testing. PoC bone density testing is increasing due to the increase in chronic and bone-related diseases across the globe. PoC bone density testing ensures improved turnaround time, cost benefit, and increased patient satisfaction,” says Amber Chourasia, a lead analyst at Technavio for research on lab equipment.
Top five vendors in the bone densitometer market space
CompuMed
It is a telemedicine solutions company providing a variety of clinical care services for patients and medical facilities. The company provides mobile electrocardiogram (ECG) and ultrasound solutions to organ procurement organizations, rural healthcare, and correctional healthcare industries. It also provides solutions like cloud-based telemedicine technology, a network of specialists, telemedicine-enabled medical devices, and training services.
Key product: OsteoGram.
DMS
DMS designs, manufactures, and sells a variety of irradiation apparatus and tubes. The companies key end-users are in industrial, medical diagnostic, medical therapeutic, research, and scientific applications. It also manufacturers PET scanners, MRI equipment, CT scanners, medical ultrasound equipment, ECGs, electromedical endoscopic equipment, medical laser equipment, pacemakers, hearing aids, and food and milk irradiation equipment.
Key products: Stratos dR, Stratos, Pegasus Smart, 3D-DXA, etc.
GE Healthcare
The company manufactures and markets diagnostic imaging systems, healthcare IT solutions, and patient monitoring and cardiac devices. The primary end-users of this company are medical facilities, hospitals, pharmaceutical and biotechnology companies, and the life science research labs. Its product offering includes X-ray, digital mammography, CT, MR, interventional imaging, and molecular imaging technologies.
Key products: Lunar iDXA, DPX NT, Aria DXA system, etc.
Hologic
Hologic develops, manufactures, and supplies a variety of medical imaging systems, diagnostics products, and surgical products. It focuses on areas like diagnostics, breast health, gynecology surgical, and skeletal health. It also provides mini C-arm imaging systems for performing minimally invasive surgical procedures on a patient’s extremities, including the hand, wrist, knee, foot, and ankle.
Key products: Discovery DXA system, Fluoroscan mini C-arm, Horizon DXA system, etc.
Swissray
The company offers R&D, manufacture, and sales of medical imaging devices to different end-users across the globe. The company also develops a variety of digital diagnostic X-ray systems. Recently, the company acquired the Norland brand assets from Cooper Surgical, and the company plans to strengthens its expertise in ionizing radiation-based imaging.
Key products: Norland XR-800, Norland XR-600, etc.
Other prominent vendors in this market include BeamMed, Furuno Electric, Lone Oak Medical Technologies, MEDILINK, Osteometer Meditech, Osteosys, and Scanflex Healthcare.
A more detailed analysis is available in the Technavio report, Global Bone Densitometer Market 2016-2020. Technavio also customizes reports by other regions and specific segments upon request.
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