Bone Densitometer Market worth USD 311 million by 2024

The Bone Densitometer Market to grow from USD 311 million by 2024 from USD 247 million in 2019, growing at a CAGR of 4.7% during the forecast period. The high cost of bone densitometers and low awareness are expected to hamper the growth of this market.

Asia-Pacific is expected to register the highest growth rate during the forecast period mainly due to the significant prevalence of bone-related diseases in this population segment, increasing healthcare expenditure in APAC countries, and growing public awareness.

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By type, the dual-energy X-ray absorptiometry (DXA) scanners segment is expected to dominate the bone densitometers market

Based on type, the bone densitometers market is segmented into dual-energy X-ray scanners and peripheral bone densitometers. The DXA scanners segment accounted for the largest share of the bone densitometers market in 2018.

The large share of this segment can mainly be attributed to their advantages over peripheral bone densitometers, which hold a lesser share of the market.

By application, the osteoporosis & osteopenia segment commanded the largest share of the bone densitometers market in 2018

Based on application, the bone densitometers market is segmented into osteoporosis & osteopenia diagnosis, cystic fibrosis diagnosis, chronic kidney disease diagnosis, body composition measurement, and rheumatoid arthritis diagnosis. The osteoporosis & osteopenia diagnosis segment accounted for the largest share of the bone densitometers market in 2018.

The large share of this application segment can be attributed to the large geriatric population suffering from osteoporosis, the increasing risk of osteoporosis in menopausal women, and the growing global incidence of fragility fractures.

By end user, the hospitals and specialty clinics segment is estimated to show the highest growth

Based on end user, the bone densitometers market is segmented into hospitals & specialty clinics, diagnostic & imaging centers, and other end users.

In 2018, hospitals accounted for the major share of the bone densitometers market, mainly due to their high purchasing capacity; as a result, the adoption of high-cost scanners is higher in hospitals.

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The Asia Pacific is expected to be the fastest-growing segment in the market in 2019

Geographically, the bone densitometer market is segmented into North America, Europe, Asia-Pacific, and the Rest of the World. The Asia Pacific is estimated to show the highest growth in the bone densitometers market, due to the significant prevalence of bone-related diseases in this population segment, increasing healthcare expenditure in APAC countries, and growing public awareness.

Moreover, increasing localized product manufacturing and the focus of global product manufacturers on expanding their presence in APAC countries are aiding market growth.

Leading Companies

GE Healthcare (US), Hologic, Inc. (US), OSI Systems, Inc. (US), Diagnostic Medical Systems Group (France), Swissray Global Healthcare Holding, Ltd. (Taiwan), BeamMed, Ltd. (Israel), Echolight S.P.A (Italy), Scanflex Healthcare AB (Sweden), Medonica Co., Ltd. (South Korea), Eurotec Systems S.r.l (Italy), Ampall Co., Ltd. (South Korea), L’acn L’accessorio Nucleare S.R.L (Italy), Shenzen XRAY Electric Co., Ltd. (China), YOZMA BMTech Co., Ltd. (South Korea), Nanoomtech Co., Ltd. (South Korea), Osteosys Corporation (South Korea), FURUNO Electric Co., Ltd. (Japan), Xianyang Kanrota Digital Ultrasound System, Co., Ltd. (China), XinGaoYi Co., Ltd. (China), Anjue Medical Equipment (China), Oscare Medical Oy (Finland), Medilink (France), CyberLogic, Inc. (US), Nanjing Kejin Industrial Co., Ltd. (China), and Trivitron Healthcare (India).

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Prime Healthcare and SEIU-UHW reach agreement on a new three-year contract at three Southern California hospitals

Prime Healthcare is pleased to announce that it has reached a three-year labor agreement with SEIU-UHW for valued employees in three of its award-winning Southern California hospitals: Centinela Hospital Medical Center, Garden Grove Hospital Medical Center and Encino Hospital.

The agreement, which includes significant increases to pay scales, was ratified by the members represented by SEIU-UHW. Staff represented by SEIU-UHW include certified nursing assistants, respiratory technicians, radiology therapists, and admitting representatives.

“We are pleased to once again reach an agreement that honors the critical and life-saving work of our employees,” said Richard Martwick, assistant general counsel, noting that the new contract replaces a previous three-year agreement reached with SEIU-UHW in 2017. “This agreement reflects our shared mission of providing quality community healthcare, which is more important than ever during this pandemic, and we want to acknowledge and thank all the team members who worked together to reach a fair and equitable agreement.”

The new contract will help support and honor staff as they continue to provide award-winning care. Centinela Hospital, Garden Grove Hospital and Encino Hospital have received national quality recognition over the years. The hospitals are all recipients of multiple clinical quality awards, including Healthgrades patient safety excellence awards for the last several years.

Since acquiring Centinela Hospital in 2007, Prime Healthcare has invested over $109 million in capital equipment and renovation, including an emergency room expansion. Centinela received the 2015-2016 “Quality Improvement Innovation Award” from Healthgrades, including numerous “Patient Safety Excellence” and “Five-Star” awards; Truven/IBM Watson Health “100 Top Hospital” recognition five years in a row (2012-2016); and The Leapfrog Group Hospital Safety Grade ‘A’ four consecutive periods (2018-2020).

Encino Hospital has consistently ranked as a “Top Performer on Key Quality Measures” by The Joint Commission and established the first geriatric Emergency Room in Southern California to accommodate the special needs of seniors. Under Prime’s ownership, Encino Hospital has received many quality awards including numerous Healthgrades “Patient Safety Excellence” and “Five-Star” awards.

Garden Grove Hospital has garnered quality recognition, including “100 Top Hospital” recognition four years in a row (2012-2015) and in 2019 from Truven Health Analytics, now IBM Watson Health, and The Leapfrog Group Hospital Safety Grade ‘A’ for two periods (2019-2020).

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Paragon Footwear launches #SafeToTouch Initiative

Paragon Footwear announced a safety initiative owing to the growing concerns over safety measures in wake of COVID-19. The company holds a reputation for being one of the oldest and most trusted footwear brands in India and with the #SafeToTouch initiative, Paragon aims to retain the trust of its consumers.

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The brand recently launched a video on it’s YouTube channel showcasing the strict safety norms put in place when operations resumed at their manufacturing facilities across the country. A streamlined safety protocol both inside and outside the manufacturing units has thus far ensured safety and smooth operations.

The 360° warehouse safety initiative was put in place prior to the current initiative to enable safety at the warehouses when advancing shipments.

Paragon has always stood for quality and aims to continue doing so in these difficult times. With the implementation of the #SafeToTouch initiative, the footwear manufacturer aims to help consumers adapt to the new normal by continuing to offer quality products with the added promise of safety.

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