The size of the Middle East and Africa Bone Densitometer Devices Market is expected to grow at a sluggish CAGR during the forecast period.
Various factors are expected to play a significant role in expanding the MEA densitometers market; they are improving the healthcare market owing to the advancements in the hospital segment. The bone densitometer devices market in MEA is expected to be fuelled by the proliferation of osteoporosis and the growing geriatric population across Middle East Africa. In recent years, the MEA has witnessed technological advancements such as the advent of integrated digital detectors, ultrasound densitometers, and computer densitometers that exhibit high ease of operation and reduced measurement time; therefore, technological advancements are leads to significant market growth. Furthermore, the growth in the senior population, which is more vulnerable to bone-related diseases, is one of the critical drivers of the bone densitometer market; this, combined with an increase in fragility fractures, is driving the market forward. In addition, increasing investments and funding by the government and private organizations to improve the existing healthcare infrastructure is more likely to influence the market growth. Other than that, these devices are essential in detecting osteoporosis and osteopenia, which is why they are extensively used in hospitals and healthcare clinics for bone density testing. However, the growing demand for bone densitometers is projected to accelerate the market growth during the forecast period. In addition, there are several other advantages to using these devices, including their ease of use, short duration, non-invasive nature, and lack of need for anesthesia, all of which make them a trustworthy technique for determining bone loss.
Furthermore, emerging market trends and many osteoporosis awareness programs carried out by NGOs across the MEA are expected to boost market demand. Leading companies in the regional bone densitometer devices market spend a lot of money on acquisitions and new contracts. These efforts are projected to enhance the bone densitometer device market in growing nations like Saudi Arabia, the United Arab Emirates, and South Africa in the following years. To stay afloat in the worldwide bone densitometer devices market, leading industry competitors in the MEA focus on innovation. Furthermore, in the next years, the growing trend of medical tourism is anticipated to benefit major market stakeholders.
However, the high cost of these devices impacts the growth of the market. The inability of suppliers to meet the demand for bone densitometers, hindering the growth of the market. In addition, the Lack of skilled personnel, hampering the growth of the market
This research report on the MEA bone densitometer devices market has been segmented and sub-segmented into the following categories:
By End Users:
Geographically, the Middle East and Africa market is analyzed under the Middle East and Africa regions. The Middle East and Africa Bone Densitometer Devices Market are expected to grow substantially in the future because of the presence of emerging countries.
The majority of the regional market growth is increased due to osteoporosis and other bone-related problems. Also, initiatives taken by the government for creating awareness among the people through medical tourism are expected to impact the regional market growth positively. Further, key market contributors such as South Africa, UAE, Saudi Arabia are significantly contributing to market growth. In MEA, Saudi Arabia and Arab countries are projected to highest share in the market. Increasing healthcare expenditure, improving healthcare infrastructure, and technological advancement in bone densitometry are the factors driving the bone densitometry devices market in these countries.
KEY MARKET PLAYERS:
A few of the major companies operating in the MEA bone densitometer devices market profiled in this market are 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.
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