Bone Densitometer Market report contains detailed information on factors influencing demand, growth, opportunities, challenges, and restraints. It provides detailed information about the structure and prospects for global and regional industries. In addition, the report includes data on research & development, new product launches, product responses from the global and local markets by leading players. The structured analysis offers a graphical representation and a diagrammatic breakdown of the Bone Densitometer Market by region.
The global bone densitometer market size was the US $250 million in 2020. The global bone densitometer market is forecast to reach US ~$633 million in 2030 with a growing compound annual growth rate (CAGR) of 4.5% during the forecast period from 2021-2030.
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The bone densitometer is an extension of x-ray technology that primarily measures bone density. Osteoporosis is a severe bone disease that is diagnosed and tracked with this device. Measurement of bone mineral density identifies fracture sites with lower masses than usual. In addition, bone densitometers are highly accurate and precise, so they are widely used in hospitals to detect fracture risk and track bone loss.
Factors Influencing Growth
A high prevalence of bone density disorders, growing aging population, technology innovation, and the benefits DEXA devices provide are factors influencing the growth of the global bone densitometer market.
A lot of bone densitometers are expensive, and their risks may limit the market growth.
Health initiatives promoting awareness about osteoporosis are forecast to create lucrative growth opportunities.
Impact Analysis of COVID-19
The COVID-19 pandemic has affected the entire healthcare system positively and negatively. The pandemic had a crucial impact on the global bone densitometer market. Due to the nationwide lockdown, there was a decline in the DXA testing. To ensure the safety of the patients and the staff, the hospital facilities set up social-distinguishing guidelines. In addition, to ensure that healthcare professionals are available for COVID patients, the outpatient activities were kept on hold, which led to a slowdown of the market.
Hence, post-pandemic, the market is forecast to revive slowly during the forecast period.
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Regional Insights
North America dominates the market due to the extensive R & D activities of the major players. Further contributing to the market growth are the stringent medical regulations and rules imposed by governments in countries such as the US and Canada to maintain quality healthcare services. Additionally, the growing prevalence of osteoporosis among the aging population of this region contributes to the rising demand for bone densitometers.
Leading Competitors
The leading prominent companies profiled in the global bone densitometer market are:
BeamMed Ltd.
CompuMed, Inc.
Diagnostic Medical Systems Group
DMS Imaging
Eurotec Medical Systems S.R.L.
GE Healthcare
Hologic Inc.
L’acn L’accessorio Nucleare S.R.L
Lone Oak Medical Technologies LLC
MEDILINK
Nanoomtech Co., Ltd.
OSI Systems, Inc.
Osteometer MediTech
Quest Diagnostics
Swissray Global Healthcare Holding, Ltd.
Swissray International, Inc.
Xianyang Kanrota Digital Ultrasound System, Co., Ltd.
Xingaoyi Co., Ltd.
Yozma Bmtech Co., Ltd.
Other Prominent Players
Scope of the Report
The global bone densitometer market segmentation focuses on Type, Application, End-User, and Region.
Segmentation based on Type
DXA Systems
Peripheral Bone Densitometers
Radiographic absorptiometry scanners
Quantitative ultrasound scanners
Segmentation based on Application
Osteoporosis & Osteopenia Diagnosis
Chronic Kidney Disease Diagnosis
Cystic Fibrosis Diagnosis
Rheumatoid Arthritis Diagnosis
Body Composition Measurement
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Segmentation based on End-User
Hospitals & Specialty Clinics
Diagnostic & Imaging Centers
Other End Users
Segmentation based on Region
North America
The U.S.
Canada
Mexico
Europe
Western Europe
The UK
Germany
France
Italy
Spain
Rest of Western Europe
Eastern Europe
Poland
Russia
Rest of Eastern Europe
Asia Pacific
China
India
Japan
Australia & New Zealand
ASEAN
Rest of Asia Pacific
Middle East & Africa (MEA)
UAE
Saudi Arabia
South Africa
Rest of MEA
South America
Brazil
Argentina
Rest of South America
What is the key information extracted from the report?
Extensive information on factors estimated to affect the Market growth and market share during the forecast period is presented in the report.
The report offers the present scenario and future growth prospects Market in various geographical regions.
The competitive landscape analysis on the market as well as the qualitative and quantitative information is delivered.
The SWOT analysis is conducted along with Porter’s Five Force analysis.
The in-depth analysis provides an insight into the Market, underlining the growth rate and opportunities offered in the business.
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