The global bone densitometer market was valued at $38,399.92 million in 2020, and is estimated to reach $57,422.62 million by 2030, growing at a CAGR of 4.1% from 2021 to 2030. Bone densitometry is technique that is used to measure the bone density and mineral content to check decreased bone mass. It is a clinical condition that results in brittle bones, which possess a high probability of getting a fracture. This technique is primarily used for the diagnosis of osteoporosis and determination of fracture risk.
Increase in incidence of accidents, surge in incidence of bone disorders that lead to loss of bone density, rise in the geriatric population, increase in technological advancements, and benefits offered by dual energy X-ray absorptiometry (DEXA) devices drive the market growth. Moreover, increase in cases of osteoporosis has fueled the market growth.
According to the World Health Organization, in April 2021, 1.3 million people died every year because of road traffic crashes and accidents. Road traffic accidents are the leading cause of death and having disability among people aged between 15 and 29 years due to bone fracture. In addition, according to the report of the Government of Canada Statistics, as of July 2020, the Canadian elderly population was 6,835,866, thus, the elderly population is more prone to having osteoporosis. Thus, this is increasing prevalence of osteoporosis, which is anticipated to increase the demand for bone densitometer products. Furthermore, increase in incidences of fragility fractures and surge in geriatric population drive the growth of the bone densitometer market.
Osteoporosis is being considered as a serious health concern. According to European Journal of Rheumatology, it is estimated that there are 200 million people suffering from osteoporosis disorder out of which 30% are women who have osteoporosis in the U.S. and Europe. This leads to increase in prevalence of osteoporosis among elderly population, thus driving the growth of the market. In addition, increase in vitamin D deficiency and surge in adoption of bone densitometers products are anticipated to drive the market growth.
Furthermore, technological advancements in bone densitometer products such as advent of integrated digital detectors and ultrasound densitometers drive the growth of the bone densitometer market.
On the contrary, high cost associated with bone densitometer products hinders the market growth.
However, rise in healthcare infrastructure and presence of lucrative opportunities in emerging countries are expected to provide numerous opportunities for market expansion during the forecast period.
The bone densitometer market is segmented on the basis of technology, application, end user, and region. On the basis of technology, the market is categorized into dual energy X-ray absorptiometry (DXA), ultrasound, and other technologies. On the basis of application, the market is fragmented into central scan and peripheral scan. By end user, the market is categorized into hospitals, clinics, and other medical facilities. Region wise, it is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, the UK, Italy, Spain, and rest of Europe), Asia-Pacific (Japan, China, Australia, India, South Korea, and rest of Asia-Pacific) and LAMEA (Brazil, South Africa, Saudi Arabia, and rest of LAMEA).
Some of the major companies that operate in the global bone densitometer market are BEAMMED Ltd., DEMETECH AB, DMS Imaging, ECOLIGHT S.P.A, GE Healthcare, Hologic Inc., Medlink, Medonica co Ltd., Osteometer Meditech Inc., and Swissray Global Healthcare Holding Ltd..
Increase in incidence of accidents, surge in incidence of bone disorders that lead to loss of bone density, rise in the geriatric population, increase in technological advancements, and benefits offered by dual energy X-ray absorptiometry (DEXA) devices drive the market growth. Moreover, increase in cases of osteoporosis has fueled the market growth.
According to the World Health Organization, in April 2021, 1.3 million people died every year because of road traffic crashes and accidents. Road traffic accidents are the leading cause of death and having disability among people aged between 15 and 29 years due to bone fracture. In addition, according to the report of the Government of Canada Statistics, as of July 2020, the Canadian elderly population was 6,835,866, thus, the elderly population is more prone to having osteoporosis. Thus, this is increasing prevalence of osteoporosis, which is anticipated to increase the demand for bone densitometer products. Furthermore, increase in incidences of fragility fractures and surge in geriatric population drive the growth of the bone densitometer market.
Osteoporosis is being considered as a serious health concern. According to European Journal of Rheumatology, it is estimated that there are 200 million people suffering from osteoporosis disorder out of which 30% are women who have osteoporosis in the U.S. and Europe. This leads to increase in prevalence of osteoporosis among elderly population, thus driving the growth of the market. In addition, increase in vitamin D deficiency and surge in adoption of bone densitometers products are anticipated to drive the market growth.
Furthermore, technological advancements in bone densitometer products such as advent of integrated digital detectors and ultrasound densitometers drive the growth of the bone densitometer market.
On the contrary, high cost associated with bone densitometer products hinders the market growth.
However, rise in healthcare infrastructure and presence of lucrative opportunities in emerging countries are expected to provide numerous opportunities for market expansion during the forecast period.
The bone densitometer market is segmented on the basis of technology, application, end user, and region. On the basis of technology, the market is categorized into dual energy X-ray absorptiometry (DXA), ultrasound, and other technologies. On the basis of application, the market is fragmented into central scan and peripheral scan. By end user, the market is categorized into hospitals, clinics, and other medical facilities. Region wise, it is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, the UK, Italy, Spain, and rest of Europe), Asia-Pacific (Japan, China, Australia, India, South Korea, and rest of Asia-Pacific) and LAMEA (Brazil, South Africa, Saudi Arabia, and rest of LAMEA).
Some of the major companies that operate in the global bone densitometer market are BEAMMED Ltd., DEMETECH AB, DMS Imaging, ECOLIGHT S.P.A, GE Healthcare, Hologic Inc., Medlink, Medonica co Ltd., Osteometer Meditech Inc., and Swissray Global Healthcare Holding Ltd..
KEY BENEFITS FOR STAKEHOLDERS
- This report provides an extensive analysis of the current and emerging market trends and dynamics in the global bone densitometer market to identify the prevailing opportunities
- This study presents the competitive landscape of the global market to predict the competitive environment across geographies
- Comprehensive analysis of factors that drive and restrict the market growth is provided
- Region- & country-wise analysis is provided to understand the market trends and dynamics
KEY MARKET SEGMENTS
By Technology
- Dual Energy X-ray Absorptiometry (DXA),
- Ultrasound
- Other Technologies
By Application
- Central Scan
- Peripheral Scan
By End User
- Hospitals
- Clinics
- Other Medical Facilities
By Region
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- Japan
- China
- India
- Australia
- South Korea
- Rest of Asia-Pacific
- LAMEA
- Brazil
- Saudi Arabia
- South Africa
- Rest of LAMEA
KEY MARKET PLAYERS
- BeamMed Ltd
- Demetech AB
- DMS Imaging (a division of the DMS group)
- Ecolight S.pA
- General Electric Company
- Hologic, Inc
- MEDILINK
- Medonica Co LTD
- Osteometer MediTech, Inc
- Swissray International, Inc
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Table of Contents
Chapter 1 Introduction
Chapter 2 Executive Summary
Chapter 3 Market Overview
Chapter 4 Bone Densitometers Market, by Application
Chapter 5 Bone Densitometers Market, by Technology
Chapter 6 Bone Densitometers Market, by End-user
Chapter 7 Bone Densitometers Market, by Region
Chapter 8 Company Profile
List of Tables
List of Figures
Executive Summary
According to a new report titled, “Bone Densitometer Market by Application, Technology, and End User: Global Opportunity Analysis and Industry Forecast, 2021–2030, the bone densitometer market was valued at $38,399.92 million in 2020, and is estimated to reach $57,422.62 million by 2030, growing at a CAGR of 4.1% from 2021 to 2030.A bone densitometry is precisely used to measure the bone density and mineral content to diagnose clinical conditions such as osteoporosis that may cause brittle bones prone to fracture. It is available in different types such as dual energy X-ray absorptiometry, DEXA, and DXA, which use a small dose of ionizing radiation to produce images of the lower spine to measure bone loss.
Upsurge in incidence of accidents and rise in prevalence of osteoporosis cases are expected to drive the bone densitometer market. However, high cost of bone densitometer products hinders the market growth. Conversely, huge untapped market potential in the emerging countries, such as China and India, are expected to provide lucrative opportunities to the market players.
According to the International Osteoporosis Foundation, approximately 8.9 million fractures reported in 2020. In addition, as per the World Health Organization, in 2020, the osteoporosis disease affects 6.3% of men and 21.2% of women aged above 50 . Hence, the growth in burden of osteoporosis cases increase the use of bone densitometer, significantly boosting the growth of the market. Moreover, increase in large number of key players is expected to drive the growth of the bone densitometer market.
According to the International Journal of Women’s Health, in India, around 50 million people are estimated to be suffer from osteoporosis with less than T-score 2.5 or have low bone mass with T-score ranging between 1 to 2.5. It is one of the major health problem faced by Indian population, thereby propelling the growth of the bone densitometer market.
On the basis of technology type, the dual energy x-ray absorptiometry segment is expected to register significant growth rate during the forecast period, owing to rise in prevalence of osteoporosis. Moreover, recent approvals granted by the FDA boost the growth of bone densitometer market. On the basis of application type, the central scan segment is expected to register significant growth rate during the forecast period, owing to rise in geriatric population.
On the basis of end user, the hospitals segment accounted for the largest share in the global bone densitometer market, as it delivers well-organized, documented, retrieved, and logistical pathological procedures. However, clinics segment shows fastest market growth due to rise in number of bone disorders, which, in turn, increases the use of bone densitometer, thus fueling the market growth.
Region wise, North America accounted for a majority of the global bone sensitometer market share in 2020, and is anticipated to remain dominant during the forecast period. This is attributed to rise in prevalence of bone fractures, presence of key players, increase in healthcare expenditure, and rise in government initiatives. However, Asia-Pacific is anticipated to witness notable growth owing to rise in incidences of injuries, surge in demand for healthcare services from geriatric population, and increase in healthcare investments.
Key Findings Of The Study
- On the basis of application, central scan the segment was the highest contributor to the market in 2020
- On the basis of technology, dual energy x-ray absorption the segment was the highest contributor to the market in 2020
- On the basis of end user, the hospitals segment was the highest contributor to the market in 2020
- On the basis of region, North America garnered the largest revenue share in 2020, whereas Asia-Pacific is anticipated to grow at the highest 53% CAGR during the forecast period
- North America dominated the bone densitometer market share in 2020, and is anticipated to remain dominant during the forecast period. This is attributed to rise in prevalence of osteoporosis, presence of key players, development of the healthcare sector, and presence of various types of bone densitometer products Asia-Pacific is anticipated to witness lucrative growth owing to increase in number of road accidents and improvement in healthcare infrastructure
Companies Mentioned
- BEAMMED Ltd
- DEMETECH AB
- DMS Imaging
- ECOLIGHT S.P.A
- GE Healthcare
- Hologic Inc.
- Medlink
- Medonica co Ltd.
- Osteometer Meditech Inc.
- Swissray Global Healthcare Holding Ltd.
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 186 |
| Published | February 2022 |
| Forecast Period | 2020 - 2030 |
| Estimated Market Value ( USD | $ 38399.92 million |
| Forecasted Market Value ( USD | $ 57422.62 million |
| Compound Annual Growth Rate | 4.1% |
| Regions Covered | Global |
| No. of Companies Mentioned | 10 |
