Bone Metabolism Test Market: Introduction
Contradictory to frequently held misunderstandings, bones have a relatively dynamic structure that undergoes prominent changes as compared to that experienced by other organs in the body. A bone is a specialized connective tissue hardened through mineralization by calcium phosphate. It has well recognized mechanical functions that provide rigidity and shape, aid locomotion, and offer protection and support to body structures. Bone metabolism is associated with infections that impact bone and mineral metabolism.
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The infections involve a wide range of skeletal and soft tissue contamination. Generally, skeletal and soft tissue contaminations may be categorized under hyperparathyroidism, osteoporosis, Paget disease of the bone, and developmental disorders of the bone. Around 28 million geriatric people in the U.S. are affected by osteoporosis. Bone metabolism is affected through several pathways such as decrease in calcium absorption in the gastrointestinal tract, stimulation of the osteoclast to induce bone restoration, increase in urinary calcium excretion, and suppression of osteoblast proliferation and activity. Several tests are available in the market for the diagnosis and treatment of bone metabolism.
Key Drivers, Restraints, and Opportunities of Global Bone Metabolism Test Market
Increase in number of cases of osteoporosis, hyperthyroidism, osteopenia, and the demand for portable bone testing devices propel the market. Moreover, the demand for diagnosis and treatment measures for osteoporosis further fuels the demand for bone density test globally. Demand for technologically advanced devices and increase in geriatric populace are also estimated to boost the market. Furthermore, substantial technological strides being made in electronic monitoring devices and substantial investments in R&D activities boosting the market.
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Bone density test offers more of a high-level overview and in-depth details on more specific aspects of bone health alongside indicating current and potential health risks including osteoporosis, low bone mineral density, and hyperthyroidism. A stress fracture or other bone issue is often the major reason that can cause impaired bone health and could affect bone density in the future.
All these factors represents that a bone is not as strong as normal bone and places that are at risk for stress fractures or other broken bones. Furthermore, the ever-increasing population is adopting the sedentary lifestyle and rising urbanization are further propelling the market. Enhanced economic conditions are fueling the market, thereby boosting healthcare expenditures and facilitating rapid access to excellent healthcare.
On the other hand, limited or lack of awareness about the benefits of bone density test is restricting the market. Moreover, unmet clinical needs along with the unavailability of external funding are restraining the market, especially in the developing regions. Nevertheless, rising demand for portable and handheld diagnostic devices alongside increasing demand for bone density test in diagnostics to obtain rapid and accurate results is anticipated to propel the market.
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North America to Capture Major Share of Global Bone Metabolism Test Market
In terms of geography, the bone metabolism test market can be segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The bone metabolism test market in North America can be segmented in to the U.S. and Canada. The bone metabolism test market in Europe can be segmented into the U.K., Germany, France, Italy, Spain, and Rest of Europe. The bone metabolism test market in Asia Pacific can be is further segmented into Japan, India, China, Australia & New Zealand, and Rest of Asia Pacific.
The bone metabolism test market in Latin America can be classified into Mexico, Brazil, and Rest of Latin America. The bone metabolism test market in Middle East & Africa can be segmented into Saudi Arabia, South Africa, Israel, and Rest of Middle East and Africa. North America and Latin America dominate the global bone metabolism test market, followed by Europe. This is due to an increase in the incidence rate of osteoporosis and hyperparathyroidism. The bone metabolism test market in Asia Pacific and Middle East & Africa is expanding at a rapid pace as the incidence rate of disorders related with bone has been increasing for the last few years. Hence, companies are formulating strategies to enter the bone metabolism test market.
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Key Players Operating in Global Bone Metabolism Test Market
The global bone metabolism test market is highly fragmented, with the presence of various key players. Major players are actively involved in various growth strategies in order to gain a competitive advantage in the industry. Collaborations, partnerships, agreements, and new product launches are some of the important strategies that are applied by market players. Increasing competition among major players to develop new therapy and technology for bone metabolism test would drive the market globally. Major players operating in the global bone metabolism test market are:
- Siemens Healthcare GmbH
- F. Hoffmann-La Roche
- Abbott GmbH & Co. KG
- DiaSorin
- bioMerieux SA
- Quidel Corporation
- Hologic Inc.
- General Electric Company
- BeamMed Ltd.
- Osteosys Corp
- Swissray
- DMS Imaging
- Osteometer Meditech Inc.
- Medonica Co. LLTb
- Lone Oak Medical Technologies, LLC
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