What Details Does the Size Analysis Reveal about the Bone And Mineral Diagnostic Testing Global Market?
The bone and mineral diagnostic testing market size has been growing progressively over recent years. The market stood at $1.09 billion in 2024 and is forecasted to grow to $1.14 billion in 2025 at a compound annual growth rate (CAGR) of 4.9%. Factors such as an aging population, the prevalence of osteoporosis, awareness and education initiatives, and the clinical need for monitoring and fracture risk assessment contribute to this growth.
Further, the bone and mineral diagnostic testing market is set for robust growth in the upcoming years, set to touch $1.42 billion in 2029 at a CAGR of 5.6%. The primary contributors to this growth are advancements in diagnostic technologies, an increasing incidence of metabolic bone diseases, a growing emphasis on preventive healthcare, and integration with personalized medicine approaches. Major trends include the integration of biochemical markers, telemedicine and remote monitoring, the expansion of home-based testing kits, collaborations for research and innovation, and an emphasis on comprehensive diagnostic panels.
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What Factors Are Driving the Growth of the Bone and Mineral Diagnostic Testing Market?
The rise of bone-related diseases globally is expected to propel the growth of the bone and mineral diagnostic testing market. Conditions that alter the strength or flexibility of bones can lead to weaker bones, more prone to fractures, and cause other debilitating symptoms. Bone and mineral diagnostic tests like bone density tests can help preempt bone diseases by identifying decreased bone density before the onset of osteoporosis, predicting the risk of future fractures, and tracking osteoporosis treatment efficacy.
How are Market Segments Organized in the Bone and Mineral Diagnostic Testing Market?
The bone and mineral diagnostic testing market is bifurcated into segments based on:
1) Product: Assays Or Consumables, Instruments
2) Test Type: Enzyme-Linked Immunosorbent Assay (ELISA), Clinical Laboratory Improvement Amendments (CLIA), Other Test Types
3) Application: Vitamin D Testing, Bone Metabolism
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Who are the Major Players in the Bone and Mineral Diagnostic Testing Market?
Key players in the market include Abbott Laboratories, bioMérieux SA, DiaSorin S.p.A., QuidelOrtho Corporation, Siemens Healthineers AG, F. Hoffmann-La Roche AG, GE HealthCare Technologies Inc., Hologic Inc., Beammed Ltd., Swissray International Inc., Osteosys Co. Ltd., Diagnostic Medical System SA, Medonica Co. Ltd., Epitope Diagnostics Inc., Alere Inc., Beckman Coulter Inc., Bio Rad Laboratories Inc., Calbiotech Inc., Roche Diagnostics India Pvt. Ltd., Ortho-Clinical Diagnostics, Enzo Life Sciences lnc., Medtronic plc, Thermo Fisher Scientific lnc., Sysmex Corporation, EKF Diagnostics, Bruker Corporation, Esaote SpA, Hitachi Ltd., Koninklijke Philips N.V., Mindray Medical International Limited, PerkinElmer Inc., Shimadzu Corporation, Toshiba Medical Systems Corporation, Waters Corporation, Danaher Corporation, Merck KGaA.
What Trends Can We See in the Bone and Mineral Diagnostic Testing Market?
Technological advancements are one of the main drivers influencing market trends. For instance, in May 2022, GE HealthCare Technologies Inc developed an advanced MRI technique that uses novel pulse sequences such as zero echo time (ZTE) to view tendons, ligaments, calcium deposits, and cortical bone structures.
Which Region is the Largest in the Bone and Mineral Diagnostic Testing Market?
North America held the largest share in the bone and mineral diagnostic testing market in 2024. The report also covers other regions including Asia-Pacific, Western Europe, Eastern Europe, South America, Middle East, and Africa.
What Does The Bone and Mineral Diagnostic Testing Global Market Report 2025 Offer?
A bone and mineral diagnostic test is a medical procedure that measures the amount of calcium and other minerals in a part of the bone. This test is used to identify bone loss and osteoporosis, monitor osteoporosis treatment, and assess a person’s risk of fractures. The Bone and Mineral Diagnostic Testing Global Market Report 2025 research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
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