Bone Densitometer Market Statistics - 2030
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. Growth of the global bone densitometer market is majorly driven by increase in osteoporosis cases, surge in incidence of accidents, and development of new bone densitometer products by large number of key players. Increase in number of bone-related disorders has led to surge in use of bone densitometer products, which is fueling the growth of the bone densitometer market. According to the Indian Society for Bone and Mineral Research, a multidisciplinary group of physicians, researchers, and epidemiologists who study bone related issues in their annual meeting, introduced the guidelines for the diagnosis of osteoporosis in India.
Bone densitometer is a device that is used to measure bone mineral content and density. It may be done by using X-rays and dual energy X-ray absorptiometry (DEXA or DXA). DEXA scan is a simple and noninvasive system, which is considered to be the gold standard. This measurement shows the healthcare professional whether there is decrease in bone mass. This is a condition in which bones are more prone to break or fracture. The bone densitometer is used to diagnose osteopenia and osteoporosis. It is also used to determine future fracture risk.
According to the International Osteoporosis Federation, there will be availability of dual energy X-ray absorptiometry instruments for diagnosis of osteoporosis disease. Therefore, growth in number of osteoporosis disorders led to the usage of bone densitometer, which is anticipated to boost the market growth. Furthermore, increase in number of product approvals is expected to provide remunerative opportunities for the expansion of the global bone densitometer market during the forecast period.
The COVID-19 outbreak is anticipated to have a positive impact to fuel the growth of the global bone densitometer market. Despite the prolonged pandemic, people suffered from chronic bone health concerns and fractures. Therefore, the development of systems for bone mineral testing increases the use of bone densitometer products, which is anticipated to drive the bone densitometer market during the forecast period. However, high cost associated with bone densitometer products hinder the growth of the market.
Bone Densitometer Market Segmentation
The bone densitometer market is segmented on the basis of technology, application, end user, and region. By technology, the market is categorized 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, it is segmented into hospitals, clinics, and other medical facilities.
Region wise, the market is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, France, the UK, Italy, Spain, and rest of Europe), Asia-Pacific (Japan, China, Australia, India, South Korea, and rest of Asia-Pacific), and LAMEA (Brazil, Saudi Arabia, South Africa, and rest of LAMEA).
Segment Review
Depending on the application, the central scan segment dominated the market in 2020, and this trend is expected to continue during the forecast period, owing to increase in R&D activities in the pharmaceutical industry, rise in number of product approvals, and surge in adoption of bone densitometer products. However, the peripheral scan segment is expected to witness considerable growth during the forecast period, owing to increase in number of osteoporosis cases, increase in the use of bone densitometer, and rise in number of key players for development of bone densitometer.
By Technology
Dual Energy X-Ray Absorptiometry (Dxa Or Dexa)segment holds a dominant position in 2020 and would continue to maintain the lead over the forecast period.
Depending on technology, the dual energy x-ray absorptiometry segment dominated the market in 2020, and this trend is expected to continue during the forecast period, owing to increase in R&D activities in the pharmaceutical industry, rise in number of product approvals, and surge in adoption of bone densitometer products. However, the ultrasound segment is expected to witness considerable growth during the forecast period, owing to increase in number of osteoporosis cases, increase in use of bone densitometer, and rise in number of key players for development of bone densitometer.
By end user, the Hospitals segment was the major contributor in 2020, and is expected to maintain its lead during the forecast period, owing to increase in prevalence of road accidents and rise in number of bone disorders. However, the clinics is expected to witness considerable growth during the forecast period, owing to increase in number of product approvals.
By End User
Hospitals segment is projected as one of the most lucrative segment.
Region wise, North America garnered the major share in the bone densitometer market in 2020, and is expected to be dominant during the forecast period, owing to presence of key players, development of the healthcare sector, and presence of new bone densitometer products in the region. However, Asia-Pacific is expected to register the highest CAGR of 5.3% from 2021 to 2030, owing to increase in prevalence of geriatric population led to increase in number of bone fractures cases and development of healthcare infrastructure.
The key players that operate in the global bone densitometer market include 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.
By Region
Asia-Pacific is expected to experience growth at the highest rate, registering a CAGR of 4.1% during the forecast period.
Key Benefits for Stakeholders
- The study provides an in-depth analysis of the bone densitometer market, and the current trends & future estimations to elucidate imminent investment pockets.
- It presents a quantitative analysis of the market from 2021 to 2030 to enable stakeholders to capitalize on the prevailing market opportunities.
- Extensive analysis of the market based on procedures and services assists to understand the trends in the industry.
- Key players and their strategies are thoroughly analyzed to understand the competitive outlook of the market.
Bone Densitometer Market Report Highlights
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Analyst Review
This section provides various opinions of the top-level CXOs in the bone densitometer industry. Bone densitometer market is expected to witness significant growth in the future owing to increase in number of bone fractures. In addition, the market is exhibiting high growth rate due to increase in osteoporosis cases. Moreover, surge in bone densitometer products and rise in prevalence of geriatric population significantly contribute toward the growth of the market.
The CXOs further added greater consumer awareness and escalating demand for healthcare services from overall population boost the growth of the market. Furthermore, increase in product approval is expected to benefit bone disease diagnostics.
In addition, rise in incidences of spin and hip fractures is expected to drive the market. Furthermore, rise in product development contributes toward the growth of the market.
North America is expected to witness highest growth, in terms of revenue, owing to rise in number of product approvals, presence of key players, and development in healthcare investments. Asia-Pacific was the second largest revenue contributor to the market in 2020, and is expected to register the highest CAGR during the forecast period, owing to increase in incidences of accidents and unmet needs for bone densitometer systems. However, high risk associated with bone densitometer may restrain the market growth during the forecast period.
The total market value of Bone Densitometer market is $38,399.92 million in 2020.
The forecast period for Bone Densitometer market is 2021 to 2030
The market value of Bone Densitometer market in 2021 is $ 40051.12 million.
The base year is 2020 in Bone Densitometer market
Top companies such as 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. held a high market position in 2020.
Dual Energy X-Ray Absorptiometery segment dominated the global market in 2020, and expected to continue this trend throughout the forecast period due to the technological advancements and new product launch and thus is expected to drive the segment
Increase in prevalence of bone disorders, orthopedic disorders, advanced infrastructure for research & development and investments in healthcare is anticipated to drive the market in the forecast period.
North America is projected to account for a major share of the global Bone Densitometer market during the forecast period. U.S. dominated the North America rise in investments for new Bone Densitometer system launch in the R & D sector due to presence of key players across the country.
Bone densitometry is technique that is used to measure the bone density and mineral content to check decreased bone mass.
Bone Densitometer are used for the diagnosis of osteoporosis and determination of fracture risk
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