Bone Scan Market Information: By
Product (Radiopharmaceuticals, Imaging Devices), Application (Fractures,
Arthritis, Paget's Disease of Bone, Cancer Originating in Bone), End User
(Hospitals, Clinics, Diagnostic Centers) - Global Forecast till 2023
Market Synopsis of the Global
Bone Scan Market
According to the WHO, about 59%
of the mortality is due to chronic diseases and almost 35 million people die of
chronic diseases across the globe.
The global bone scan market is
expected to grow at a CAGR of 5.7% during the forecast period.
A bone scan is a test of nuclear medicine
and is mostly used to diagnose various bone diseases such as arthritis and bone
cancer. It includes an injection of radioactive material and then the bone
scan. Radioactive material also known as the tracer is injected into a vein.
After injecting this material, the radiologist performs a bone scan. The
radiologist may perform the bone scan in phases depending upon the condition to
be diagnosed such as the presence of bone disease or cancer.
Rising prevalence of bone
disease, increasing demand for imaging devices such as MRI, CT scan, SPECT
scan, and increasing health care services are accelerating the growth of the
market. Furthermore, the increasing expenditure on medical devices influences the
market growth. Technological advancements in radiology devices affecting the
market growth. However, the efficiency of bone scan may hinder the market
growth over the forecast period. Additionally, the bone scan may determine the
inaccurate cause of the abnormality.
Key Players in the Global Bone
Scan Market
·
Siemens
(U.S.)
·
Hitachi,
Ltd. (Japan)
·
Carestream
Health, Inc. (U.S.)
·
Samsung
Electronics Co., Ltd. (South Korea)
·
Toshiba
Corporation. (Japan)
·
Koninklijke
Philips N.V. (Netherlands)
·
General Electric
Company (U.S.)
Segments of the Global Bone
Scan Market
The global bone scan market is
segmented on the basis of product, indication, device, and end user.
On the basis of the product, the
market is segmented into radiopharmaceuticals and imaging devices. The imaging
devices are further segmented into Magnetic Resonance Imaging (MRI), X-ray,
Computed Tomography (CT), Single-Photon Emission Computerized Tomography
(SPECT), and others.
On the basis of the application,
the market is segmented into fractures, arthritis, Paget's disease of bone,
cancer originating in bone, and others.
On the basis of the end user, the
market is segmented into hospitals, clinics, diagnostic centers, and others.
Regional Analysis
The Americas lead the global bone scan
market owing to the rising prevalence of bone disorders in the U.S.
Furthermore, increasing demand for diagnostic services in various also
influences the market growth. In North America, the U.S. is the largest market
followed by Canada. Increasing penetration of orthopedic specialty hospitals
and healthcare insurance is adding fuel to the market growth. Furthermore, the
concentration of key players in the market along with the availability of
various technologically advanced devices is boosting the market growth in the
U.S.
Europe is the second largest bone scan
market across the globe. The market is accelerated by the extensive use of
diagnostic devices for diagnosis of various chronic diseases such as arthritis,
diabetes, obesity and others. Furthermore, extensive research and development
(R&D) activities carried out by clinical research and academic institutes
stimulate the growth of the market. Germany and France contribute to the growth
of the market owing to increasing expenditure on R&D and extensive demand
for diagnostic devcies.
The Asia Pacific market is expected to
grow at the fastest pace due to the high prevalence of chronic disease such as
rheumatoid arthritis, osteoarthritis, obesity, diabetes, and other. Additionally,
increasing number of bone injuries such as bone fractures boost the growth of
the market. To add further, increasing number of skilled professionals
along with increasing awareness about the bone diseases and importance of
imaging tests in the diagnosis of bone diseases, and injuries. In Asia Pacific,
India and China are holding the largest market share followed by Japan.
Increasing expenditure on healthcare and improving healthcare infrastructure in
various developing regions of Asia Pacific region are affecting the market
growth, positively.
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