; Bone Densitometer Systems Market Size, Share, Analysis, Forecast, 2031

Bone Densitometer Systems Market

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

Published on: Mar-2023
Report Code: FG HC 01402
No. of Pages: 170 - 350
Report Format: PDF

[170+ Pages Research Report] 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% throughout the forecast period 2021-31.

Product Overview

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.

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Market Highlights

Global Bone Densitometer Systems Market is expected to reach a noticeable CAGR of 4.3% by 2031

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.

Figure - Market Analysis of Global Bone Densitometer Systems Market


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Global Bone Densitometer Systems Market: Segments

Dual Energy X-ray Absorptiometry segment is expected to witness considerable growth during 2021-31

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.

Hospital segment leads the market with the highest CAGR

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.

Figure – Market Analysis of Global Bone Densitometer Systems


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Market Dynamics

Drivers

Rising prevalence of osteoporosis & other bone-related issues

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.

Improvements in the DXA scanners for higher accuracy

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.

Restraint

High cost associated with the Bone Densitometers

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.

Global Bone Densitometer Systems Market: Key Players
  • BeamMed Ltd.

Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis

  • 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.
  • Other Prominent Players

Global Bone Densitometer Systems Market: Regions

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.


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Impact of COVID-19 on Bone Densitometer Systems Market

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.

Global Bone Densitometer Systems Market is further segmented by region into:
  • North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United States, Mexico, and Canada
  • Latin America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – Brazil, Rest of Latin America
  • Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United Kingdom, France, Germany, Italy, Spain, and Rest of Europe
  • Asia Pacific Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – India, China, South Korea, Japan, Australia and Rest of Asia Pacific
  • Middle East and Africa Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – Saudi Arabia, South Africa, and Rest of Middle East and Africa

Global Bone Densitometer Systems Market report also contains analysis on:

Bone Densitometer Systems 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
  • Bone Densitometer Systems Market Dynamics
  • Bone Densitometer Systems Market Size
  • Supply & Demand
  • Current Trends/Issues/Challenges
  • Competition & Companies Involved in the Market
  • Value Chain of the Market
  • Market Drivers and Restraints

Bone Densitometer Systems Market Report Scope and Segmentation

REPORT ATTRIBUTE

DETAILS

Market size value in 2021

USD 13.8 billion

Revenue forecast in 2031

USD 20.9 billion

Growth Rate

CAGR of 4.3% from 2021 to 2031

Base year for estimation

2020

Quantitative units

Revenue in USD million and CAGR from 2021 to 2031

Report coverage

Revenue forecast, company ranking, competitive landscape, growth factors, and trends

Segments covered

Technology, Application, End User, and Region

Regional scope

North America, Europe, Asia Pacific, Latin America, Middle East & Africa (MEA)

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.

 

 

 

Frequently Asked Questions (FAQ):

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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