The Bone Densitometers Market is estimated to grow at a robust CAGR of 4.8%. Furthermore, the Market Value will reach up to USD 0.6 Billion in the studied forecast period 2023-2032. Bone densitometry is basically a non-invasive process. It is used for the measurement of bone mass. It also measures how much bone mass has been lost by the patient.
Over the past several years, bone densitometry has become the standard for measuring bone density. Therefore, the market of bone densitometry is rising at a gradual rate. According to the Bone Densitometers Market Analysis, North America is emerging to have the largest share in the market. Apart from that, the Asia-Pacific region is evaluated to witness the fastest CAGR in the studied forecast period 2022-2030.
As such, in February 2024, RadNet, Inc., an American radiology company, introduced ImagingWorks, which is a career training program for diagnostic imaging. The program was developed through collaboration with JVS SoCal, a non-profit organization that runs excellent programs for agencies and firms.
For instance, in November 2023, Bupa Hong Kong disclosed that it had set up Alpha Medical Diagnostic Centre with its healthcare provider arm, Quality HealthCare Medical Services Limited (QHMS). This new diagnostic center is located at Pioneer Centre in Mong Kok and has facilities like ultrasonography, bone densitometry and digital X-rays.
For example, in November 2023, Medimaps Group announced the launch of Trabecular Bone Score (TBS iNsight) by Swiss med-tech firm as an AI-boosted surrogate of bone microarchitecture on the diagnostic platform of OsteoSys Co., a leading BMD brand. TBS is used to accurately diagnose osteopenia and osteoporosis.
For instance, during the 75th National Conference of the Indian Radiological and Imaging Association (IRIA) held in February 2023, Fujifilm India introduced FDX Visionary-DR; a bone density detector with various body composition analysis and bone densitometry solutions.
In February 2022, Aurora Spine Corporation partnered with Echolight Medical to undertake co-marketing activities aimed at patient evaluation of bone mineral density (BMD) independent of the quality of bone microarchitecture.
For example, ProAxsis went on sale for use as an osteoporotic fracture detection kit designed by University Hospitals Geneva and UNIGE on September 20th 2022. It was intended to be used alongside bone densitometers.
Newman Regional Health added Hologic’s Horizon DXA to their health and wellness repertoire on April 21st, 2022, for men's or women’s health needs.
COVID-19 Analysis
The disease of COVID-19 caused immense havoc in the years 2020 and 2021. The companies in the biotechnology and pharmaceutical sector were highly affected. The restriction in movement from one place to another and lockdown led to the shutdown of several markets across the world. As a result, the supply chain was highly disrupted. Also, various companies faced financial losses. However, with the significant development and investments by the key players, the Bone Densitometers Market is anticipated to regain its growth. Also, favorable drivers are boosting the market growth in the studied forecast period.
Market Drivers
The rising cases of the low density of bone or osteoporosis are a major driver for the Bone Densitometers Market. Along with that, the increasing population of the older generation and rapid advancement of technology will drive the market in the future years.
Restraints
The low awareness and high costs of devices required for measuring the bone density can restrain the Bone Densitometers Market Growth.
Opportunities
Various opportunities can fuel the market growth such as rising cases of osteoporosis among women after menopause. Along with that, the adoption of a sedentary lifestyle such as smoking, alcohol abuse, etc. is leading to low bone density. Therefore, the Bone Densitometers Market has immense opportunities to grow and flourish.
Challenges
The lack of awareness for new technology and the low availability of skilled laborers can be challenging for market growth.
Cumulative Analysis
The drivers such as growing technological advancements and an increase in the population of older people are anticipated to boost the market growth in the upcoming years. Therefore, despite some restraints and challenges, the Bone Densitometers Market will experience substantial growth in the future years.
Value Chain Analysis
The improvement and rising awareness for the adoption of new technology are estimated to improve the Bone Densitometers Market Trends. Therefore, the drivers and the developments by key players such as mergers, collaborations, acquisitions, partnerships, etc. will further improve the value chain of the market. Along with that, the rising demand for bone densitometers will simultaneously improve the market growth in the forthcoming years.
The segments of the Bone Densitometers Market are divided into technology, type, and end-user. Based on the technology, the industry is divided into Peripheral Scanners, Central scanners, and Others.
Based on type, the Bone Densitometers Market is segmented into Radiographic Absorptiometry (RA), Dual-Energy X-Ray Absorptiometry (DXA), Single X-Ray Absorptiometry (SXA), and Quantitative Computed Tomography (QCT).
Based on end-user, the Bone Densitometers Market is bifurcated into Research and Academic Institutes, Orthopedic Clinics, Hospitals, and others.
The Bone Densitometers Market Size based on region is divided into Asia-Pacific, Europe, Middle East, and Africa. The Americas region is further divided into Latin and North America. North America is projected to hold the largest share in the market. The improvement in reimbursement policies to enhance the diagnosis and treatment of osteoporosis is a major driver for the market growth.
Also, Europe is evaluated to hold the second-largest Bone Densitometers Market Share in the studied forecast period. The rise in technological development and increasing awareness among the people is promoting market growth in this region.
Thirdly, Asia-Pacific is anticipated to witness the fastest growth in the upcoming years. The rapid development in technology and improvement in infrastructure is estimated o be favorable for the market. Also, the rising awareness will prove to be favorable for the Bone Densitometers Industry.
Africa and the Middle East region is evaluated to hold the least share in the Bone Densitometers Market. The low technological development and lack of awareness are some potential reasons. However, the investments by key players are creating a substantial effect on this region.
Competitive Landscape
The Bone Densitometers Market is fragmented with the presence of various key players. These key players have a significant role in enhancing market growth. They do mergers, partnerships, acquisitions, collaborations, launch new products, etc. Some of the key players in the market are as follows.
| Report Attribute/Metric | Details |
| Â Â Market Size | USD 0.6 Billion |
| Â Â CAGR | 4.8% (2023-2032) |
| Â Â Base Year | 2021 |
| Â Â Forecast Period | 2023-2032 |
| Â Â Historical Data | 2020 |
| Â Â Forecast Units | Value (USD Billion) |
| Â Â Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Â Â Segments Covered | Type, Technology, End user |
| Â Â Geographies Covered | Â North America, Europe, Asia-Pacific, and Rest of the World (RoW) |
| Â Â Key Vendors | Â General Electric Company, Hologic, Inc., Swissray, Osteosys Co. Ltd, MedWrench, LLC, Schick Sirona, DMS Imaging, Echolight S.p.a., Aarna Systems And Wellness Pvt. Ltd., Tecnicare Healthcare Company and others |
| Â Â Key Market Opportunities | Â Â New product launches and R&D Amongst major key Players |
|   Key Market Drivers | · Growing senior population· Technological advancement |
Frequently Asked Questions (FAQ) :
The bone densitometers market is projected grow at approximately 4.8% CAGR during the assessment period (2023-2032).
The valuation of the bone densitometers market is estimated to increase to USD 0.6 Billion by the end of 2032.
Growing prevalence of bone-related ailments, technological advancement, and increasing healthcare expenditure are the major tailwinds pushing the growth of the bone densitometers market.
North America holds the largest share in the global bone densitometers market, followed by Europe and the Asia Pacific, respectively.
DMS Imaging (France), Aarna Systems and Wellness Pvt. Ltd. (India), Echolight SPA (Italy), Hologic, Inc. (US), General Electric Company (US), MedWrench LLC (US), Schick Sirona (US), Osteosys Co. Ltd (South Korea), Tecnicare Healthcare Company (US), and Swissray (US), are some of the major players operating in the bone densitometers market.
Research Analyst Level I He is an extremely curious individual currently working in healthcare and medical devices domain. kinjoll is comfortably versed in data centric research backed by healthcare educational background. he leverages extensive data mining and analytics tools such as primary and secondary research, statistical analysis, machine learning, data modelling. his key role also involves technical sales support, client interaction and project management within the healthcare team. lastly, he showcases extensive affinity towards learning new skills and remain fascinated in implementing them.
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