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Latin America Bone Densitometer Devices Market Research Report – Segmented By Specialty, Services & Country (Brazil, Argentina, Chile, Mexico and Rest of Latin America) – Industry Size, Share, Trends & Growth Forecast (2023 to 2028)

Published: March, 2023
ID: 8044
Pages: 145
Formats: report pdf report excel report power bi report ppt

The size of the Latin America Bone Densitometer Devices Market is projected to be growing at an impressive CAGR during the forecast period.

The bone densitometer employs a narrow, low-dose X-ray beam virtually undetectable. The two energy peaks that permeate the bones during the scanning procedure allow soft tissue absorption and penetration inside the bone. In addition, the bone densitometer is integrated with software that analyses bone density data automatically and displays the results on a computer monitor.

The market for bone densitometer devices in the Latin American region is expected to rise rapidly during the forecast period due to an increase in the incidence of osteoporosis and vitamin D deficiency, increased usage of bone densitometers, and technological advancements in the field of bone densitometry.

Osteoporosis is currently recognized as a significant public health issue across various parts of the world. Osteoporosis affects about a million people in Latin America, with osteoporosis impacting more than 30% of all postmenopausal women in Mexico and Brazil. The increase in the incidence of osteoporosis in postmenopausal women in Latin America has been connected to population aging. Therefore, the prevalence of osteoporosis is expected to accelerate the growth rate of the bone densitometers market in this region during the forecast period.

Furthermore, consistent technological advancements throughout time, such as the advent of integrated digital detectors and computer-assisted & ultrasonic densitometers, have demonstrated a high degree of usability and a reduction in measurement time.

On the other side, lack of awareness is expected to limit the market expansion in developing economies of Latin America during the forecast period. Furthermore, the market would confront additional problems resulting from a shortage of medical expertise, particularly in developing and underdeveloped economies. Furthermore, the exorbitant expenses of the gadgets are estimated to hinder the market's growth.

This research report on the Latin American Bone Densitometer Devices Market has been segmented and sub-segmented into the following categories:

By Speciality:

  • Cardiology               
  • Dermatology          
  • Neurology               
  • Orthopedics           
  • Emergency Care   
  • Gynecology           

By Services:

  • Tele-Consultation
  • Tele-Monitoring   
  • Tele-Education      
  • Tele-Surgery          
  • Tele-Training          

By End Users:

  • Hospitals
  • Clinics

By Country:

  • Mexico
  • Brazil
  • Argentina
  • Chile
  • Rest of Latin America

Latin America occupies a middling position in the worldwide market in terms of revenue share. Osteoporotic fractures cause a significant physical, emotional, and financial burden on patients and society in Latin America.  Regionally, the Brazilian population's studies on osteoporosis prevalence and fragility fractures have shown significant geographical heterogeneity due to sampling size variances, demographic studies, and techniques used. NGOs in Latin America are expected to increase market demand even further. Leading companies in the regional market for bone densitometer devices are investing heavily in acquisitions and new agreements.

The population of Mexico and Brazil is aging, linked to an increase in chronic disease prevalence. After menopause, osteoporosis is a serious problem since it increases the chance of fracture and has health consequences for older women. In recent years, efforts have been made in Mexico to understand the epidemiology of osteoporosis better and reduce the country's direct and indirect medical expenses.

In Latin America, the prevalence of osteoporosis is equivalent to that of wealthy countries. Despite the fact that black and white people have a similar risk of vertebral fracture and, perhaps, bone loss, hip osteoporosis has a diminishing prevalence of vertebral bone mass, comparable to Brazil. These devices also have several other benefits, including ease of use, short duration, and lack of invasiveness. These components work together to provide them with a dependable way to identify bone loss.

KEY MARKET PLAYERS:

Lone Oak Medical Technologies LLC, GE Healthcare, Osteometer Meditech, Hologic Inc., Beammed, Medonica Co. Ltd., Swissray International Inc., Diagnostic Medical System SA, and Osteosys Co. Ltd are a few of the notable companies operating in the Latin American bone densitometer devices market.

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