The global bone densitometers market is anticipated to grow at a CAGR of 4.9% during the forecast period (2024-2031). The market growth is mainly attributed to the growth in the geriatric population across the globe. According to the United Nations, in 2019, there were more than 703 million people aged above 65 years across the globe and by the end of 2050, this number is estimated to reach above 1.5 billion. In 1990, around 6% of the world population had age above 65 years which reached 9% of the total population by 2019. The geriatric population is affecting the market growth as the muscle gets weakened and people lose bone mass or density as they age. The problem especially arises in women after menopause as there is a drop of estrogen which leads to more bone resorption than formation, resulting in osteoporosis.
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Moreover, an increase in awareness among people for early diagnosis, a high level of alcoholism and smoking which leads to bone breakdown, and technological advancement leading to ease of operation are some of the other factors which are estimated to fuel the growth of the bone densitometers market. Organizations such as the International Society for Clinical Densitometry (ISCD) and the International Osteoporosis Foundation (IOF) also play an important role in the assessment of bone mineral density to improve the quality of care for patients with osteoporosis.
Besides, the presence of major players and their advancement in technology is the major factor that is driving the growth of the market. For instance, in January 2019, during the Arab Health Convention in Dubai, Kiran Medical Systems, the radiology business of Trivitron Healthcare, introduced its cutting-edge Elite named Flat Panel Digital C-arm, and Felicia, a digital mammography system. For high-precision image-guided procedures, the Elite Digital C-arm provides a high-class surgical imaging experience. Elite Digital has a 1K X 1K Flat Panel Detector and 16-bit image processing for high-resolution digital picture collection. The launch of the digital mammography and Digital C-Arm is the Smart Imaging Equipment with integrated image processing, reconstruction, and diagnostic software tools that are leading to significant enhancement in the healthcare delivery process. In addition, In September 2018, Quest Diagnostics, a major provider of diagnostic information services, and Oxford Immunotec GlobalPLC, a global diagnostics company, announced the acquisition of Oxford Immunotec’s US laboratory services division. Oxford Immunotec’s laboratories in Memphis, TN, and Norwood, MA, provided T-SPOT.TB tuberculosis and Accutix tick-borne illness testing services as part of the acquisition.
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Market Coverage
- Segment Covered-
o By Type
o By Technology
o By Application
o By End-User
- Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
- Competitive Landscape- GE Healthcare, Hologic, Inc., Echolight S.p.a., BeamMed Ltd., Swissray International, Inc., Diagnostic Medical Systems (DMS) Group, and CompuMed, Inc., among others
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How COVID-19 impacted the market?
o Deviation from the pre-COVID-19 forecast
o Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Bone Densitometers Market Report Segment
By Type
- DEXA
- Ultrasound
By Technology
- Axial Bone Densitometry
- Peripheral Bone Densitometry
By Application
- Osteoporosis and Osteopenia Diagnosis
- Cystic Fibrosis Diagnosis
- Body Composition Measurement
- Rheumatoid Arthritis Diagnosis
By End-Users
- Hospitals & Specialty Clinics
- Diagnostics & Imaging Centers
- Others
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