Bone Densitometer Market by Technology (Dual Energy X-Ray Absorptiometry (DXA), Ultrasound, and Other Technologies), Application (Central Scan and Peripheral Scan), and End User (Hospitals, Clinics, and Other Medical Facilities): Global Opportunity Analys

Bone Densitometer Market by Technology (Dual Energy X-Ray Absorptiometry (DXA), Ultrasound, and Other Technologies), Application (Central Scan and Peripheral Scan), and End User (Hospitals, Clinics, and Other Medical Facilities): Global Opportunity Analysis and Industry Forecast, 2021––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. 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..

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
U.S.
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.p.A.
General Electric Company
Hologic, Inc.
MEDILINK
Medonica Co. LTD.
Osteometer MediTech, Inc.
Swissray International, Inc.