Bone Scan Market 2020 Current and Future Market Scope, SWOT Analysis and Investm

Posted by shriya on June 3rd, 2021

The global bone scan market is expected to grow at a CAGR of 5.7% during the forecast period 2017-2023. From the last few years, the radioactive imaging market has been growing rapidly due to the extensive use of radiology imaging devices. A bone scan is used to determine the bone fractures if any as well as to diagnose various diseases related to the bone such as arthritis and bone cancer. MRI, X-ray, PET, SPECT scan are used for bone scanning. A radioactive material is injected into the body through the vein near the arm before performing the bone scan.

Regional Analysis

The Americas is the leading global bone scan market owing to rising prevalence of bone diseases, such as rheumatoid arthritis, diabetes, and obesity. In North America, the U.S dominates the market followed by Canada. However, Canada is showing a steady but positive growth. According to the National Institute for Diabetes and Digestive and Kidney Disease, in the U.S. over 1 in 3 adults were overweight during 2013-2014. According to the Center for Disease Control and Prevention (CDC), from 2013- 2015, an estimated 54.4 million U.S. adults annually were diagnosed with rheumatoid arthritis, gout, lupus, or fibromyalgia. It also stated that the risk of arthritis increases with age and the disease is more common in women than men.

The Middle East & Africa also shows a steady rise in the market owing to the increasing prevalence of diabetes and other chronic diseases. In the Middle East, the U.A.E is the largest market followed by Saudi Arabia.

Major Players in Bone Scan Market

Some of the key players in the global market are 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), and General Electric Company (U.S.).

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Akash Anand

Market Research Future

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