The Bone Densitometer Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2024-2033).
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According to The Business Research Company’s Bone Densitometer Global Market Report 2024, The bone densitometer market size has grown strongly in recent years. It will grow from $1.27 billion in 2024 to $1.38 billion in 2024 at a compound annual growth rate (CAGR) of 9.1%. The growth in the historic period can be attributed to aging population, rise in awareness about the importance of bone health, rise in healthcare infrastructure, economic growth.
The bone densitometer market size is expected to see strong growth in the next few years. It will grow to $2 billion in 2028 at a compound annual growth rate (CAGR) of 9.6%. The growth in the forecast period can be attributed to rise in preventive healthcare, rising research and development, rising healthcare spending, increasing prevalence of osteoporosis. Major trends in the forecast period include artificial intelligence (ai) integration, sustainability and green technology, wearable bone health monitoring, patient engagement solutions, remote monitoring.
The surge in the incidence of osteoporosis is expected to propel market demand for bone densitometers. Osteoporosis medical condition characterized by a decrease in density of bone and strength and resulting in fragile bones. Osteoporosis is caused by low calcium intake, genetic disorders, gastrointestinal surgery, and other factors. Through the help of a bone densitometer, medical institutions calculate quantitative bone density through particular technology and applications, thus helping in the treatment. There will be a surge in demand for bone densitometers in response to the surge in the incidences of osteoporosis. For instance, in 2022, according to a report by Amgen, a US-based biotechnology company, an estimated 1.5 million Americans experience a fracture each year due to osteoporosis, and the associated costs total $19 billion. Therefore, the increasing cases of osteoporosis globally will drive the growth of the bone densitometer market.
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The bone densitometer market covered in this report is segmented –
1) By Type: DXA Systems, Peripheral Bone Densitometers, Radiographic Absorptiometry Scanners, Quantitative Ultrasound Scanners
2) By Application: Osteoporosis & Osteopenia Diagnosis, Cystic Fibrosis Diagnosis, Body Composition Measurement, Rheumatoid Arthritis Diagnosis
3) By End-User: Hospitals, Clinics, Diagnostic and Imaging Centers, Other End-Users
Technological advancement is a key trend gaining popularity in the bone densitometer market. Major companies operating in the bone densitometer market are focused on providing technologically advanced solutions to meet end-customer demand and strengthen their market position. These companies are implementing next-generation bone densitometer technologies into their products such as radiography, computed tomography, fluoroscopy, mammography, diffraction, 3D visualization, modelling, and others. For instance, an Italian medical equipment manufacturer Echolight SPA offers a new bone densitometry solution, an innovative radiation-free solution for evaluating the bone situation of the lumbar vertebral column and femoral neck using proprietary R.E.M.S. (Radiofrequency Echographic Multi Spectrometry) technology. REMS technology is a revolutionary approach with radiation-free technology to characterize bone microarchitecture based on radio frequency signals acquired during a simple ultrasound scan, overcoming all the main limitations of DXA (Dual-Energy X-ray Absorptiometry) and QUS (Quantitative Bone Ultrasound).
The bone densitometer market report table of contents includes:
- Executive Summary
- Bone Densitometer Market Characteristics
- Bone Densitometer Market Trends And Strategies
- Bone Densitometer Market – Macro Economic Scenario
- Global Bone Densitometer Market Size and Growth
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- Global Bone Densitometer Market Competitive Benchmarking
- Global Bone Densitometer Market Competitive Dashboard
- Key Mergers And Acquisitions In The Bone Densitometer Market
- Bone Densitometer Market Future Outlook and Potential Analysis
- Appendix
Top 5 Major Key Players Are:
- Diagnostic Medical Systems SA
- GE Healthcare Technologies Inc
- Hologic Inc
- BeamMed Ltd
- Demetech AB
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