Bone Densitometers Market Overview

Bone densitometers are used to measure the level of calcium and other minerals present in a particular bone section. According to a report published by Market Research Future (MRFR), The Bone Densitometers Market is estimated to grow at a robust CAGR of 4%. Furthermore, the Market Value will reach up to USD 2 Billion in the studied forecast period 2021-2028.The rise in geriatric population with a higher susceptibility for bone-related ailments, technological advancements that are improving the healthcare services offered, are the primary driving factors of the market and are expected to drive the global bone densitometers market Insights over the forecast period.

Bone densitometry is a non-invasive technology that can measure bone mass. Devices useful for this are known as bone densitometers. Market Research Future (MRFR) has published and released a research report about the global Bone Densitometers Market that anticipates aggrandizement for this market with 4% CAGR (Compound Annual Growth Rate) during the forecast period between 2021 and 2028. In terms of cash, the market is expected to rise to US $ 1.2 bn. 

Analyzing the market structure, this report evaluates the future growth potential of the market. It observes the strategies of the key players in the market and follows the competitive developments like joint ventures, new product developments, mergers and acquisitions, research and developments (R D) in the market.

Market Segmentation

The global market for Bone Densitometers Market Outlook has been segmented based on type, technology, end-user, and region.

Based on the type, the market has been segmented into central scanners, peripheral scanners, and others.
Based on technology, the market segmented into quantitative computed tomography (QCT), radiographic absorptiometry (RA), single x-ray absorptiometry (SXA), dual-energy x-ray absorptiometry (DXA) and others. The QCT and the DXA segment have been assessed to grow at a comparatively higher CAGR through the forecast period, owing to their sharp accuracy and precision levels in comparison with other bone densitometry technologies.

Based on the end-user, the market is segmented into hospitals, orthopedic clinics, academic research institutes, and others. Among these, the hospital end-user is estimated to account for the largest market share over the forecast period, owing to the growing proclivity of government organization towards the advancement of the healthcare sector and towards the adoption of advanced diagnostic devices, and the increasing use of automated diagnosis systems which has enabled diagnosis of chronic, life-threatening diseases at an early stage.

Based on the region, the global bone densitometers market is segmented into North America and South America, Europe, Asia Pacific, and the Middle East and Africa.

Regional Analysis

The North and South American region holds the largest market share in the global bone densitometers market and is estimated to sustain its market standing over the forecast period, owing to the technological advancements in North America. The U.S. is a massive contributor, due to the availability of bone densitometers, the increasing prevalence of osteoporosis, high expenditure on the healthcare sector, and the presence of favorable reimbursement policies for the diagnosis of osteoporosis.

Europe is the second largest regional market bone densitometers, owing to the technological advancements, in the region, the presence of major market players in established economies such as France, Germany, Italy, Spain, and the United Kingdom (UK).

Asia Pacific region has been assessed to rise as the fastest growing region in the market during the forecast period. China, India, Japan, and South Korea, are the major developing countries that contribute to the market, followed by the rest of the Asia Pacific region. In recent years, technological advancements have helped the Aisa Pacific region to develop at a steady rate and improved the healthcare sector, which are favorable factors for the market in the region.

The Middle East and Africa region are estimated to witness limited the market growth due to the lack of awareness about proper healthcare facilities, lack of education for skilled experts, lack of technological development, political instability, and the healthcare sector are underdeveloped.

Key Players

bone densitometers market players are Tecnicare Healthcare Company (USA), General Electric Company (USA), MedWrench LLC (USA), Hologic, Inc. (the USA), Schick Sirona (USA), Swissray (USA), DMS Imaging (France), Echolight SPA (Italy), Osteosy s Co. Ltd (South Korea), and Aarna Systems And Wellness Pvt. Ltd. (India).

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