According to the current analysis of Reports and Data, the Bone Densitometer Market was valued at USD 244.6 million in 2019 and is expected to reach USD 338.8 million by the year 2027, at a CAGR of 4.1%. Bone densitometer is a simple, rapid, and noninvasive device that is used to measure density of bone to diagnose osteoporosis. The rising prevalence of osteoporosis across the globe is the vital factor for anticipated market growth. Lowered quality of lifestyle and reduced intake of essential nutrients has also increased conditions such as low bone density due to which high chances of fractures may occur. According to the International Osteoporosis Foundation, more than 320,000 hip fractures are registered annually in North America and are associated with an average mortality rate of 21% in a year. It is estimated to cause 3 million fractures costing USD around 25 billion by 2025 worldwide.
The increasing geriatric population which faces issues of low bone density due to aging could be a major market driver. This population is immensely vulnerable to osteoporosis and fractures associated due to bone related diseases. Moreover, increasing technological advancements in various regions are projected to fuel market growth in the future. One of the major cause of the osteoporosis is low level of estrogen. Reduced level of estrogen is more profound in postmenopausal women. The prevalence of osteoporosis in the case of menopausal women could be a major driver contributing to the growth of the market. According to the estimates provided by the International Osteoporosis Foundation, approximately 200 million women are affected by osteoporosis worldwide. Moreover, about 1 in 3 women over the age of 50 were found to be suffering from osteoporotic fractures. However, some factors, including the high cost of densitometers and less awareness about the bone densitometers, are expected to be some restraints for the market.
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The report provides a panoramic view of the market and insights that will help formulate better business decisions. In addition to that, the study helps well-established companies and players gain a deeper understanding of the market and make informed decisions. The report also discusses in detail about the key factors influencing the market growth.
Key companies operating in the market include:
Hologic, Inc., GE Healthcare, Diagnostic Medical Systems Group, Echolight S.P.A, Scanflex Healthcare AB, Swissray Global Healthcare Holding, Ltd., Medonica Co., Ltd., Oscare Medical Oy, Osteosys Corporation and OSI Systems, Inc.
The report covers an extensive analysis of the key market players in the market along with their business overview, expansion plans, and strategies. The report also focuses on recent strategic alliances in the market including mergers and acquisitions, joint ventures, partnerships, agreements, corporate and government deals, product launches, and brand promotions, among others.
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The report aims to provide a better understanding of the market dynamics and the workings of the industry on a global level. To gain a deeper understanding of the industry, the global Bone Densitometer market is further segmented on the basis of key geographical regions such as North America, Latin America, Europe, Asia-Pacific, and the Middle East & Africa. The report also offers a country-wise analysis to provide crucial insights into market size, market growth, market revenue growth, and economic growth in each region.
On basis of product types and application offered by the Bone Densitometer industry, the market is segmented into:
Technology Outlook (Revenue in Million USD; 2017–2027)
• Axial Bone Densitometry
o DXA Technology
o Quantitative Computed Tomography
• Peripheral Bone Densitometry
o Single Energy X-Ray Absorptiometry
o Radiographic Absorptiometry
o Quantitative Ultrasound
o Peripheral Quantitative Computed Tomography
o Peripheral Dual Energy X-Ray Absorptiometry
Application Outlook (Revenue in Million USD; 2017–2027)
• Osteoporosis and Osteopenia
• Cystic Fibrosis
• Rheumatoid Arthritis
• Body Composition Measurement
End-use Outlook (Revenue in Million USD; 2017–2027)
• Diagnostic and Imaging Centers
The regional analysis covers:
• North America
o Rest of Europe
• Asia Pacific
o South Korea
o Rest of APAC
• Latin America
o Rest of LATAM
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of MEA
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Benefits of Bone Densitometer Market Report:
• Panoramic overview of the opportunities and risks in the Bone Densitometer sector
• Study of recent innovations and developments in the industry
• Comprehensive study of the growth pattern of the Bone Densitometer industry
• In-depth assessment of the competitive landscape of the key players of the Bone Densitometer industry
• Analysis of the Bone Densitometer market drivers, constraints, and opportunities
• Assessment of technological developments and latest trends of the industry
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