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Bone Densitometer Systems Market: By Technology (Dual Energy X-ray Absorptiometry (DXA), Ultrasound), By Application (Central Scan, Peripheral Scan), By End User (Hospitals, Clinics, Other Medical Facilities), And Region - Global Analysis of Market Size, Share & Trends For 2019-2021 And Forecasts To 2031
A bone densitometer is a device that measures the mineral content and density of the bones. X-rays and dual-energy X-ray absorptiometry can be used to do this (DEXA or DXA). The gold standard is the DEXA scan, which is a straightforward and non-invasive procedure. This measurement tells a doctor if his or her patient's bone mass is deteriorating. This is a condition that makes bones more likely to shatter or fracture. The bone densitometer is used to determine whether or not someone has osteopenia or osteoporosis. It's also utilized to predict the likelihood of future fractures. Furthermore, the benefits of these devices, such as their ease of use, short duration, noninvasive nature, and lack of need for anesthesia, make them a viable approach for determining bone loss.
Global Bone Densitometer Systems Market to surpass USD 20.9 billion by 2031 from USD 13.8 billion in 2021 at a CAGR of 4.3% in the coming years, i.e., 2021-2031. The market is primarily driven by factors such as an increase in osteoporosis cases, an increase in the occurrence of accidents, and the development of new bone densitometer products by a large number of important companies. The rise in the number of bone-related ailments has resulted in an increase in the use of bone densitometer goods, which is propelling the bone densitometer market forward.
Based on Technology, the global Bone Densitometer Systems Market is fragmented into Dual Energy X-ray Absorptiometry (DXA), Ultrasound, and Other Technologies. In previous years, the dual energy x-ray absorptiometry segment dominated the market, and this trend is projected to continue in the foreseeable term. Increased R&D activity in the pharmaceutical business, an increase in the number of product approvals, and a surge in the usage of bone densitometer products are all contributing to the segment's growth.
Global Bone Densitometer Systems Market is classified on the basis of End User into Hospitals, Clinics, and Other Medical Facilities. In the past, the Hospitals section has been the largest contributor, and this trend is likely to continue over the forecast period. This is related to an increase in the frequency of bone illnesses and the prevalence of road accidents. However, due to an increase in the number of product approvals, the clinics are likely to grow significantly during the projection period.
Increased prevalence of osteoporosis and other bone-related issues, expansion in the senior population, increased awareness of osteoporosis, and increased medical tourism for the treatment of bone-related problems are driving the global bone densitometer systems market. Furthermore, because orthopedic operations are one of the most prevalent applications for x-ray diagnosis, the drop in the number of orthopedic procedures owing to the pandemic has had an impact on the market's growth.
The machinery used to treat patients’, diseases are critical in identifying osteoporosis and osteopenia, they are frequently employed in hospitals and healthcare clinics for bone density testing. Other factors, such as improvements in DXA scanners that have enabled faster and more accurate diagnosis, as well as increased investments to strengthen the current healthcare infrastructure, are projected to contribute to the market's favorable outlook.
The Bone Densitometer Systems Market is likely to be hampered by high-priced bone densitometers and a lack of awareness. Also limiting market expansion is disagreement over the utility of bone densitometers for individual clinical decision-making.
Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis
Global Bone Densitometer Systems Market is segmented based on regional analysis into five major regions: North America, Latin America, Europe, Asia Pacific and the Middle East and Africa. During the projected period, the Asia Pacific market is expected to develop at the fastest CAGR. Due to the rising geriatric population, increasing incidence of osteoporosis, increasing healthcare expenditure, and the growing number of hospitals and clinics, Asian countries, particularly China and India, are expected to offer significant growth opportunities for market players over the forecast period.
The COVID-19 epidemic is expected to have a beneficial impact on the worldwide bone densitometer market, fueling its expansion. People struggled with chronic bone health issues and fractures despite the long-term pandemic. As a result of the development of systems for bone mineral testing, the use of bone densitometer products is expected to rise, propelling the bone densitometer market forward throughout the forecast period. However, the market's expansion is hampered by the high cost of bone densitometer products.
REPORT ATTRIBUTE |
DETAILS |
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Market size value in 2021 |
USD 13.8 billion |
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Revenue forecast in 2031 |
USD 20.9 billion |
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Growth Rate |
CAGR of 4.3% from 2021 to 2031 |
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Base year for estimation |
2020 |
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Quantitative units |
Revenue in USD million and CAGR from 2021 to 2031 |
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Report coverage |
Revenue forecast, company ranking, competitive landscape, growth factors, and trends |
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Segments covered |
Technology, Application, End User, and Region |
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Regional scope |
North America, Europe, Asia Pacific, Latin America, Middle East & Africa (MEA) |
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Key companies profiled |
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., and Swissray International Inc. |
Bone Densitometer Systems Market size was estimated at USD 13.8 billion in 2021 and is expected to reach USD 20.9 billion in 2031.
Bone densitometer is a device that measures the mineral content and density of the bones. X-rays and dual-energy X-ray absorptiometry can be used to do this (DEXA or DXA). The gold standard is the DEXA scan, which is a straightforward and non-invasive procedure.
The Dual Energy X-ray Absorptiometry (DXA) segment accounted for the largest Bone Densitometer Systems Market share.
Key players in the Bone Densitometer Systems Market include 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., and Swissray International Inc.
An increase in cases of osteoporosis & other bone-associated disorders and growth in the geriatric population is expected to drive the market growth.
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