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.
According to data from the U.S. Bureau of Economic Analysis and the U.S. Census Bureau, the goods and services deficit increased by $1.9 billion from $68.7 billion in January 2023 to $70.5 billion in February. The increase in the goods and services deficit in February was due to a $2.7 billion increase in the goods deficit to $93.0 billion and a $0.8 billion increase in the services surplus to $22.4 billion. Compared to the same period in 2022, the goods and services deficit has dropped this year by $35.5 billion, or 20.3%. $49.5 billion or 10.8% more was exported. 2.2% or $14.0 billion more was spent on imports.
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.
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.
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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
Segmentation based on End-User
- Hospitals & Specialty Clinics
- Diagnostic & Imaging Centers
- Other End Users
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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
Aim of the Report
- This study aims to determine the market size of various segments and countries with forecast values for next ten years.
- Within the regions and countries studied, the report covers both qualitative and quantitative aspects of the industry.
- It also provides detailed information about the crucial aspects such as drivers & challenges that will influence the market’s future growth.
- The report will also include investment opportunities in micro markets for stakeholders. In addition, an in-depth analysis of key players’ products and the competitive landscape.
What is the goal of the report?
-The market report presents the estimated size of the Healthcare market at the end of the forecast -period.
-The report also examines historical and current market sizes.
-During the forecast period, the report analyzes the growth rate, market size, and market valuation.
-The report presents current trends in the industry and the future potential of the North America, Asia Pacific, Europe, Latin America, and the Middle East and Africa markets.
-The report offers a comprehensive view of the market based on geographic scope, market segmentation, and key player financial performance.
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