The global market for Bone Densitometer has valued at $xx Mn in 2019 and is expected to reach $xx Mn by 2027, at a CAGR of xx%.
Global Bone Densitometer Market Introduction and Overview
Bone densitometer is an enhanced form of X-ray technology to measure the bone mineral density (BMD). It uses a small dose of ionizing radiation to produce pictures of the inside of the body, such as the lower spine of hips, in order to measure bone loss. Bone densitometry equipment available for sale is mostly used to diagnose Osteoporosis and the development of fractures. This simple, quick, and non-invasive method is the most correct way to diagnose Osteoporosis.
The rising prevalence of osteoporosis is the key driver for the market to grow. The geriatric population is especially prone to osteoporosis and fractures, thereby contributing to the market growth. The International Osteoporosis foundation estimated that by 2050 the worldwide incidence of hip fracture in men is expected to increase by 310% and by 240% in women as compared to 1990. Urbanization and aging populations are driving rapid increases in the osteoporosis disease burden, thereby fuelling the market growth. The economic burden of osteoporosis in the US was estimated at $17 billion in 2005. According to Osteoporosis Canada, osteoporosis causes 70-90% of 30,000 hip fractures annually. Furthermore, increasing technological advancements globally are also contributing to the market to grow. In addition to this, the prevalence of osteoporosis in menopausal women is also a major driver in propelling the market.
The high cost of densitometers and less awareness about the equipment’s available are expected to hinder the market growth.
The report contains a detailed analysis of the Strengths, Weaknesses, and opportunities of the key players operating in the Bone Densitometer market. It also provides information on current market trends, competitive ranking analysis, regional bifurcation, turnover forecasts, industry drivers, and the key challenges.
The report has profiled twenty key players in the market from different regions. However, the report has considered all market leaders, followers and new entrants with investors while analyzing the market and estimation the size of the same. The growing healthcare infrastructure in each region is different and focus is given on the availability of advanced technology and new techniques.
Global Bone Densitometer Market Segment Analysis
By type, the DXA Systems segment accounted for the largest share in the Bone Densitometer Market.
The DXA systems segment accounted for the largest share of xx% in 2019. The segment is expected to grow at a CAGR of xx% during the forecast period. The segment growth owes to the advantages of DXA systems over the peripheral bone densitometers. Moreover, the results obtained from DXA systems are accurate and reliable. The results are interpreted using WHO scores and hence are used widely.
On application basis, the market is segmented into Osteoporosis and Osteopenia Diagnosis, Cystic Fibrosis Diagnosis, Body Composition Measurement and Rheumatoid Arthritis Diagnosis. The Osteoporosis and Osteopenia Diagnosis segment is expected to witness a CAGR of XX% in the forecast period. Increasing cases of osteoporosis and the geriatric population are mainly expected to drive the segment. The occurrence of this condition in menopausal women is also a major driver propelling the market.
Based on end-users, the market is segmented into Hospitals and Speciality clinics, Diagnostic and Imaging centers and other users. In 2018, hospitals and specialty clinics accounted for the largest share of the market, and are expected to continue in the forecast period. The majority of the bone density scans are performed in hospitals and clinics, owing to the availability of machines for monitoring diseases.
Global Bone Densitometer Market
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Global Bone Densitometer Market Segmentation
Global Bone Densitometer Market, By Type
• DXA (Dual energy X-ray absorptiometry) Systems
• Peripheral Bone Densitometers
Radiographic absorptiometry scanners
Qualitative ultrasound scanners
Global Bone Densitometer Market, By Application
• Osteoporosis and Osteopenia Diagnosis
• Cystic Fibrosis Diagnosis
• Body Composition Measurement
• Rheumatoid Arthritis Diagnosis
Global Bone Densitometer Market, By End User
• Hospitals and Speciality clinics
• Diagnostic and Imaging centers
• Others
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Global Bone Densitometer Market Regional Insights
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Asia Pacific is expected to witness market growth at a CAGR of xx% in the forecast period. Owing to the increasing population and rising geriatric population, growing healthcare facilities in developing nations, and advanced treatment options, the market in this region is anticipated to grow. Moreover, increasing medical tourism in the region is expected to drive the market.
Key Players operating in the Global Bone Densitometer Market
• GE Healthcare
• Hologic, Inc
• OSI Systems
• Diagnostic medical Systems Group
• Swissray Global healthcare Holding, Ltd
• BeamMed Ltd
• Echolight S.P.A
• Scanflex Healthcare AB
• Medonica Co, Ltd
• Eurotec Systems S.r.l
• Ampall Co, Ltd
• Shenzen XRAY Electric Co, Ltd
• YOZMA BMTech Co, Ltd
• Nanoomtech Co, Ltd
• Osteosys Corporation
• FURUNO Electric Co, Ltd
• Oscare Medical Oy
• Medilink
• Cyberlogic, Inc
• Trivitron Healthcare
The report also helps in understanding Global Bone Densitometer Market dynamics, structure by analysing the market segments and project the Global Bone Densitometer Market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Global Bone Densitometer Market make the report investor’s guide.
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