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Osteoporosis, Paget's disease, and osteogenesis imperfecta are examples of common bone diseases that are caused due to the acute shortage of minerals like calcium, phosphorus, and vitamin D. Technavio’s market research analyst has estimated factors like the growing awareness of diagnostic testing among the populace, rapid advances in technology, and increased number of product launches and approvals from regulatory authorities to result in this market’s steady growth rate of more than 4.3% by 2019.
Geographically, the Americas are expected to account for more than 50% of the total market share by 2019. High market dominion of this region can be attributed to the prevalence of diseases such as Paget's disease and osteoporosis in the US. Also, the recent rise in laboratory automation and increased FDA approval for new products also boost the prospects for growth in this market during the forecast period.
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