| Product Code: ETC362304 | Publication Date: Aug 2022 | Product Type: Market Research Report | ||
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
The India bone densitometer market import shipment demonstrated a robust growth momentum from 2020 to 2024, with a notable CAGR of 18.9%. The market accelerated further between 2023 and 2024, exhibiting a growth rate of 30.6%. Overall, the market expanded significantly, indicating a strong upward trend during the period.
The India bone densitometer market was valued at US$ 34 million in 2018 and is projected to witness an impressive CAGR 12 % owing to increasing prevalence of osteoporosis cases across all age groups coupled with growing geriatric population base leading to enhanced need for early diagnosis and better treatment procedures involved along with government initiatives towards improving healthcare facilities within country are considered major driving forces propelling overall industry growth over coming years ahead. Also introduction or improvisation on modern measuring techniques employed by using precise imaging equipments have helped medical professionals diagnose bone density accurately thereby furthering contributing towards building up strong basis for already existing foundation laid by various stakeholders associated with it. In addition , cost effective nature along these systems coupled with easy operations allowing them accurate data calculations has also led companies invest heavily into expansion activities thus providing thrust required towards aiding overall business outlook throughout review period.
The India bone densitometer market is experiencing substantial growth, driven by various factors. One of the primary drivers is the increasing prevalence of osteoporosis and other bone-related disorders, especially among the aging population. As the elderly population continues to grow in India, there is a rising awareness about the importance of bone health assessment, leading to an increased demand for bone densitometry devices. Additionally, lifestyle changes, such as sedentary habits and unhealthy diets, are contributing to the prevalence of bone disorders, further augmenting the need for bone densitometers. Moreover, the advancements in medical imaging technologies and the availability of innovative and portable bone densitometry devices have made bone health assessment more accessible to a broader population. The India healthcare system`s focus on preventive care and early diagnosis has also prompted the adoption of bone densitometry for timely detection and management of bone-related conditions. As the population`s awareness about bone health grows and healthcare facilities continue to invest in advanced diagnostic technologies, the India bone densitometer market is expected to witness continuous growth.
The India bone densitometer market encounters several challenges that impact the early detection and management of osteoporosis and other bone-related conditions. One of the primary challenges is the limited availability and accessibility of bone densitometry equipment, particularly in rural and underserved areas. This hinders early diagnosis and preventive measures for osteoporosis, a condition that affects a significant portion of the aging population. Additionally, the cost of bone densitometry tests and equipment can be prohibitive for many patients, limiting their access to timely diagnosis and monitoring. The lack of awareness about osteoporosis and its consequences further contributes to the underutilization of bone densitometry services. Moreover, the interpretation and reporting of bone densitometry results require specialized expertise, and the shortage of skilled healthcare professionals trained in this field can pose challenges in accurate diagnosis and patient management. Standardizing and maintaining the quality of bone densitometry services across different healthcare settings is also crucial to ensure reliable results and appropriate clinical interventions. Addressing these challenges requires collaborative efforts between healthcare authorities, medical institutions, and manufacturers to make bone densitometry equipment more affordable and accessible, enhance healthcare professional training, and raise awareness about bone health. Implementing national guidelines for osteoporosis screening and management can further aid in overcoming these challenges and improving bone health outcomes in India.
The India bone densitometer market experienced fluctuations during the COVID-19 pandemic. As the focus of the healthcare system shifted towards managing COVID-19 cases and conserving resources, non-essential medical procedures, including bone density scans, were postponed or canceled. This led to a decline in demand for bone densitometers during the initial phases of the pandemic. However, the market rebounded as the situation improved, and there was a renewed emphasis on preventive healthcare and chronic disease management. The increasing geriatric population and rising awareness about osteoporosis and bone health are expected to drive the growth of the bone densitometer market in India in the post-pandemic period.
In the India bone densitometer market, several key players are driving the adoption of bone density measurement devices used in the diagnosis and monitoring of osteoporosis and other bone-related conditions. GE Healthcare India is a significant player known for its bone densitometry systems that offer accurate and precise bone density assessments. They cater to hospitals, clinics, and diagnostic centers. Hologic India Pvt. Ltd. is another major player offering advanced dual-energy X-ray absorptiometry (DXA) systems for bone density scanning. They focus on providing comprehensive bone health solutions for women`s health and musculoskeletal care. Additionally, Swissray India Pvt. Ltd. is a key player in the market, offering digital radiography-based bone densitometers that provide fast and efficient bone density assessments. These key players actively collaborate with healthcare providers, orthopedic specialists, and women`s health clinics to raise awareness about bone health and early detection of bone disorders. Their commitment to technological advancement, clinical accuracy, and patient care has established them as influential players in the India bone densitometer market.