USD 41.5 billion
Global Bone Densitometer Market Size, Share, Growth Analysis, By Application(Central Scan and Peripheral Scan), By End-User(Hospitals and Imaging centers), By Technology(Dual Energy X-Ray Absorptiometry (DXA), Ultrasound) - Industry Forecast 2024-2031
Report ID:
SQMIG35A2731 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|
Tables:
86 |
Figures:
76
Global Bone Densitometer Market Insights
Bone Densitometer Market size was valued at USD 41.5 billion in 2022 and is poised to grow from USD 43.21 billion in 2023 to USD 59.59 billion by 2031, at a CAGR of 4.1% during the forecast period (2024-2031).
The global Bone Densitometer market has witnessed significant growth and advancements in recent years. The global Bone Densitometer market is a dynamic and rapidly evolving sector within the medical device industry. The rising prevalence of osteoporosis, coupled with an increasing awareness about early detection and prevention, has been driving the demand for bone densitometers worldwide. Technological advancements in bone densitometry have played a crucial role in the market's growth. Traditional dual-energy X-ray absorptiometry (DXA) remains the most widely used technique, offering accurate and reliable measurements. However, other modalities, such as quantitative computed tomography (QCT) and peripheral DXA, have gained prominence due to their ability to assess bone density in various skeletal sites. The market for bone densitometers is highly competitive, with several key players operating globally. These companies focus on research and development to introduce innovative and user-friendly devices that provide accurate measurements while minimizing radiation exposure. Additionally, efforts are being made to develop portable and point-of-care devices, enabling convenient screening and monitoring of bone health in various clinical settings. Factors such as the aging population, rising incidence of osteoporosis, and increasing emphasis on preventive healthcare are expected to drive the growth of the global bone densitometer market in the coming years. Additionally, technological advancements, the development of portable devices, and expanding applications in research and clinical trials are likely to contribute to market expansion. In conclusion, the global bone densitometer market is witnessing steady growth driven by factors such as the rising prevalence of osteoporosis, technological advancements, and increasing awareness about bone health. The market is expected to continue expanding as the demand for accurate and early diagnosis of bone-related conditions remains high.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
Hospitals
Fastest Growth
Hospitals
Growth Rate
4.1% CAGR
Global Bone Densitometer Market ($ Bn)
Country Share for North America Region (%)
Global Bone Densitometer Market By End User ($ Bn)
Global Bone Densitometer Market By End User(%)
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Global Bone Densitometer Market Segmental Analysis
The global Bone Densitometer market is segmented on the basis of application, end-user, and region. By application, the market is segmented into Central Scan and Peripheral Scan. By end-user, the market is segmented into hospitals and imaging centers. By region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Analysis By Application
The global Bone Densitometers market can be segmented based on Central Scan and Peripheral Scan. The central scan segment holds the dominant position in the global bone densitometer market. Central scans involve the assessment of bone density at the hip and spine, which are critical sites for osteoporosis diagnosis and monitoring. Central bone densitometry is widely recognized as the gold standard technique for evaluating bone health and diagnosing osteoporosis. It offers accurate and reliable measurements, making it the preferred choice for healthcare professionals. Central scans are commonly used in clinical settings, hospitals, and specialized bone health clinics. The high prevalence of osteoporosis, especially among the aging population, has contributed to the dominance of the central scan segment. Additionally, the central scan segment benefits from established reimbursement policies and guidelines that support the use of central bone densitometry for osteoporosis screening and diagnosis.
The peripheral scan segment is the fastest growing segment in the global bone densitometer market. Peripheral scans involve the assessment of bone density in non-central skeletal sites such as the wrist, heel, and forearm. These scans provide an alternative approach to central bone densitometry and are often used as screening tools or for monitoring bone health in primary care settings.
The peripheral scan segment is experiencing rapid growth due to several factors. Firstly, peripheral scans offer the advantage of portability and ease of use. Devices used for peripheral scans are often compact and handheld, allowing for convenient point-of-care testing. This portability facilitates widespread screening and monitoring, especially in regions where access to centralized bone densitometry facilities is limited.
Analysis By End-User
The global Bone Densitometers market can also be segmented based on end-user, including hospitals and imaging centers. The dominant segment in the global Bone Densitometers market is hospitals. Hospitals hold a significant share in the bone densitometer market due to their central role in healthcare delivery. They serve as primary settings for diagnosing and treating various medical conditions, including osteoporosis and bone-related disorders. Hospitals have established infrastructure, a wide range of medical specialties, and access to a diverse patient population, making them key users of bone densitometry devices.
The fastest-growing segment in the global Bone Densitometers market is imaging centers. Imaging centers offer several advantages, such as shorter wait times, convenient scheduling options, and specialized expertise in medical imaging. Patients often prefer imaging centers due to their streamlined processes, dedicated focus on imaging services, and potential cost savings. As a result, the demand for bone densitometry services in imaging centers is rising. Moreover, the growth of imaging centers is driven by the increasing prevalence of osteoporosis screening programs and the growing awareness of bone health. These centers are well-positioned to cater to the needs of individuals seeking preventive care, routine screening, and specialized bone health assessments.
Global Bone Densitometer Market By End User, 2023 (%)
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Global Bone Densitometer Market Regional Insights
The dominating region in the global Bone Densitometer market is North America, which holds a significant market share. This can be attributed to factors such as a well-established healthcare infrastructure, high prevalence of osteoporosis, and increasing awareness about bone health. The region has witnessed significant adoption of bone densitometry devices and technologies, with a strong presence of key market players. Additionally, favorable reimbursement policies and government initiatives aimed at early detection and prevention of bone-related conditions have contributed to the dominance of North America in the market.
On the other hand, the Asia Pacific region is experiencing the fastest growth in the bone densitometer market. Factors such as a rapidly aging population, increasing healthcare expenditure, and growing awareness about bone health have fueled the demand for bone densitometry devices in this region. Countries like China, Japan, and South Korea have witnessed substantial market growth due to the rising prevalence of osteoporosis and the implementation of national health programs focused on bone health. Moreover, improving healthcare infrastructure and increasing investments in research and development activities have further boosted the market growth in the Asia Pacific region. With the growing focus on preventive healthcare and the adoption of advanced technologies, the Asia Pacific is expected to continue as the fastest-growing segment in the global bone densitometer market.
Global Bone Densitometer Market By Geography, 2024-2031
- Largest
- Fastest
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Global Bone Densitometer Market Dynamics
Drivers
Rise in aging population
- The increase in the number of older people, particularly vulnerable to bone-related illnesses like arthritis, and osteoporosis, is one of the key factors driving the market. The International Osteoporosis Foundation (IOF) estimates that osteoporosis contributes to more than 8.9 million fractures per year globally. Osteoporosis affects about 200 million postmenopausal women worldwide. According to the WHO's definitions of osteoporosis, the condition affects 6.3% of men and 21.2% of women globally over 50. This is significantly boosting market growth and the rise in fragility fracture incidence. These densitometers are also commonly used for bone mass testing in many hospitals and medical facilities because they are essential in diagnosing osteoporosis and osteopenia.
Restraints
Increase in need for skilled labor
- Due to the advancement in technology in the bone densitometer market the need for skilled labor has increased. This acts as a restraint in the growth of the market.
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Global Bone Densitometer Market Competitive Landscape
The global Bone Densitometers market is highly competitive and characterized by the presence of several key players. These players compete based on factors such as product portfolio, technological advancements, pricing strategies, and market reach. The competitive landscape in the global bone densitometer market is also characterized by intense competition among several key players. Additionally, collaborations and partnerships play a significant role in the competitive landscape. These companies strive to gain a competitive edge by focusing on research and development, innovation, and strategic collaborations. Overall, the competitive landscape in the global bone densitometer market is characterized by a mix of established multinational corporations, innovative international players, and regional players. The competition drives continuous advancements in technology, leading to the development of more accurate, user-friendly, and portable bone densitometry devices.
Top Player’s Company Profiles
- Osteosys Co., Ltd. (South Korea)
- Medtronic plc (Ireland)
- Swissray Global Healthcare Holding Ltd. (Switzerland)
- Diagnostic Medical Systems S.A. (France)
- Echolight S.p.A. (Italy)
- Lone Oak Medical Technologies LLC (US)
- Osteometer Meditech Inc. (US)
- Medonica Co., Ltd. (South Korea)
- CooperSurgical, Inc. (US)
- Norland at Swissray (US)
- Scanflex Healthcare AB (Sweden)
- Demetech AB (Sweden)
- OSTEOSYS Corp. (South Korea)
- Genant Global, LLC (US)
- Eurotec Systems S.r.l. (Italy)
- Medilink International Co., Ltd. (South Korea)
- BM TechMed, Inc. (South Korea)
Recent Developments
- In April 2022, the installation of the Horizon DXA bone densitometry equipment from Hologic has allowed Newman Regional Health to increase the range of health and wellness services it offers to both men and women.
- In February 2022, in order to evaluate the quality of the software platform and the bone mineral density (BMD) in the concerned patients, Aurora Spine worked with Echolight Medical, the maker of the radiation-free "EchoS portable densitometer". As a part of the Aurora DEXA Platform, the two companies chose to cooperatively sell one other's products to their respective clients and prospects.
Global Bone Densitometer Key Market Trends
- Technological advancements: Technological advancements in bone densitometry techniques and devices are another major trend. Manufacturers are developing innovative solutions, such as portable and point-of-care devices, to enhance convenience and accessibility for healthcare professionals and patients. Additionally, there is a focus on reducing radiation exposure without compromising the accuracy of measurements. The market is also witnessing a shift towards multi-modality approaches. While dual-energy X-ray absorptiometry (DXA) remains the gold standard, other modalities like quantitative computed tomography (QCT) and peripheral DXA are gaining traction. These modalities allow for more comprehensive assessments of bone health and provide valuable insights into specific skeletal sites. Overall, the key market trends in the global bone densitometer market revolve around early detection and prevention, technological advancements, multi-modality approaches, integration with digital systems, and expanded research and development efforts. These trends are driving innovation and shaping the future of bone densitometry, enabling better patient care and outcomes.
Global Bone Densitometer Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyzes the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to our global Bone Densitometer market analysis, the market is a thriving sector within medical imaging, focusing on the diagnosis and monitoring of bone health. It is driven by the increasing prevalence of osteoporosis and the need for early detection and prevention. Technological advancements have led to the development of accurate and reliable devices, such as dual-energy X-ray absorptiometry (DXA), quantitative computed tomography (QCT), and peripheral DXA. Key players in the market compete by introducing innovative and user-friendly devices while minimizing radiation exposure. North America has traditionally dominated the market, but the Asia Pacific region is experiencing significant growth due to an aging population and increasing healthcare expenditure. The market's future growth is fueled by factors like the aging population, rising incidence of osteoporosis, and emphasis on preventive healthcare. Technological advancements, portable devices, and expanding applications in research and clinical trials are also contributing to market expansion. Overall, the global market is expected to continue growing as the demand for accurate and early diagnosis of bone-related conditions remains high.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 41.5 billion |
| Market size value in 2031 | USD 59.59 billion |
| Growth Rate | 4.1% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Global Bone Densitometer Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Global Bone Densitometer Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Global Bone Densitometer Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Bone Densitometer Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Bone Densitometer Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Global Bone Densitometer Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Global Bone Densitometer Market Report Snapshots
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