Global Bone Densitometers Market by Technology (SEXA, Peripheral Bone Densitometry, QUS, pDEXA, pQCT, Axial Bone Densitometry, QCT, RA, DEXA) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028

Summary of the Report

Global bone densitometers sales were valued at USD 893.7 Million in 2016. This market is expected to grow at 3.9% CAGR over the next few years. This market is primarily driven by an increase in osteoporosis worldwide. This remarkable rise in osteoporosis has led to a high demand for bone density monitors, which can be used for accurate assessment. It will also increase the market's growth potential over the next few years. The growing number of elderly people who are more susceptible to developing osteoporosis will also drive the demand for these tools.

U.S. Bone Densitometers Market, Technology, 2014-2025 (USD Million).

Market growth will be driven by an increase in osteoporosis among women in their 40s. According to statistics from the International Osteoporosis Foundation (IoSF), approximately 200 million women worldwide are affected by osteoporosis. According to the International Osteoporosis Foundation, approximately 10 percent of those women in the 60- to 80-year-old age range, 2/5th to 80 year old, 1/5th and 70 years respectively, were affected by osteoporosis. 2/3rd to 90 years was also the average age of osteoporosis patients. Approximately 1 in 3 women aged 50 and older were also found to have osteoporotic fractures.

According to the National Institutes of Health Osteoporosis & Related Bone Diseases (NIH), certain lifestyle-associated factors such as smoking, alcohol abuse and sedentary lifestyles are key causes of this condition in males. These factors make it urgent to reduce the increasing prevalence of osteoporosis. This has fueled the adoption of bone densitometers for early diagnosis.

In addition, technological advances over the years have led to the development of integrated digital detectors. Computer-assisted and ultrasound densitometers offer ease of use as well as reduced measurement times. The use of ultrasound bone densitometers has allowed for assessment in many medical specialties such as gynecology, Endocrinology, and other.

The rising demand may also be due to the collaboration of market players who are constantly striving to improve osteoporosis diagnostics and product development. Growth is also expected to be fueled by the increased funding available for healthcare organizations to research advanced products. GE Healthcare's Lunar Expert is an example of a densitometer with spatial resolution that allows clinicians to identify and assess risk more effectively. It also has reduced blurring and advanced visualization.

Technology Insights

In 2016, axial bone densitometry was the most popular product segment, accounting for over 60% of the total. This is due to the widespread adoption of densitometers that use this technology. Axial bone densitometers have been able to meet different clinical requirements, which is why there has been an increase in adoption. These include central dual-energy x-ray absorptiometry-based instruments that are essential to get accurate results in diagnostic procedures.

Bone densitometers are highly economical. They have optimum linearity and sensitivity. They also possess precision. This ensures that there is minimal variation in performance. These benefits will be of great benefit to clinicians who may choose to use them.

Market share of global bone densitometers by region in 2016, (%)

End-use Insights

Hospitals accounted for a significant portion of the end-user segment in 2016. This can be attributed both to high patient volumes and frequent readmissions. The sophisticated infrastructure allows for high efficiency in diagnosing procedures using bone densitometers. This contributes to hospitals having a larger share.

This segment is largely driven by the growing desire of government healthcare agencies to encourage advanced diagnostic instruments that produce rapid results. Hospitals are increasingly using fully automated systems that can quickly diagnose this condition. These factors are expected to have a positive impact on the future growth of the segment.

Regional Insights

The largest market share for bone densitometers was held by North America in 2016. The region is expected to see a rise in demand due to the numerous collaborative efforts of prominent companies to increase their R&D capabilities as well as maintain high medical standards. This region also has a high incidence of osteoporosis, which accounts for the majority of its market share.

The Asia Pacific market is expected to grow at an exponential rate during the forecast period. This is due to the high demand to reduce the growing prevalence and increasing disposable income as well as infrastructural improvements to healthcare facilities. The future holds potential growth opportunities for the bone densitometers market due to growing awareness in emerging countries like India and China about osteoporosis care.

Market Share Insights & Key Companies

The industry will see a lot of competition over the forecast period due to the increasing number of collaboration strategies among the key companies to gain a competitive edge. Other strategies include mergers and acquisitions, high R&D investments, and agreements for product development.

Hologic, Inc. was approved in Canada in August 2014 for its horizon DXA platform. It has enhanced technical capabilities and improved workflow efficiency. The integrated high-resolution multielement array and ceramic detector array enabled this product to be launched for improved bone mapping, image quality and stability.

Bone Densitometers Market Report Scope

The Report Covers Certain Segments

This report provides industry trends analysis and forecasts for revenue growth from 2014-2025. Grand View Research segmented the global market for bone densitometers based on technology, end-use, and location.

• Technology Outlook (Revenue USD Million, 2014-2025)

  • Axial Bone Densitometry

    • Dual Energy X-Ray Absorptiometry

    • Quantitative Computed Tomography (QCT).

  • Peripheral Bone Densitometry

    • Single Energy X-Ray Absorptiometry - SEXA

    • Dual Energy X-Ray Absorptiometry

    • Radiographic Absorptiometry - RA

    • Quantitative Ultrasounds (QUS).

    • Peripheral Quantitative Computed Tomography (pQCT).

• End-use Outlook (Revenue USD Million, 2014-2025)

  • Hospitals

  • Clinics

  • Other

• Regional Outlook (Revenue USD Million, 2014-2025)

  • North America

    • The U.S

    • Canada

  • Europe

    • Germany

    • The U.K.

  • Asia Pacific

    • Japan

    • China

    • India

  • Latin America

    • Brazil

    • Mexico

  • The Middle East and Africa

    • South Africa

These are the most frequently asked questions about this report

b. Global bone densitometers market was valued at USD 997.4 Million in 2019, and is forecast to grow to USD 1035.7 Million in 2020.

b. Global bone densitometers are expected to grow at 3.9% compound annual growth rate from 2019 to 2025, reaching USD 1261.7 millions by 2025.

b. North America was the dominant market for bone densitometers in 2019, with 34.43% of the total market. This is due to the numerous collaborative efforts of prominent companies in this area to improve their R&D capabilities as well as maintain high medical standards.

b. BeamMed Ltd, CompuMed, Inc., Hologic, Inc., GE Healthcare, DMS Group, Osteometer MedTech, Inc., Lone Oak Medical Technologies LLC are some of the key players in bone densitometers.

b. The market for bone densitometers is growing due to increasing osteoporosis prevalence, growing geriatric population and consistent technological advances and collaborative research initiatives.

Up Market Research published a new report titled “Bone Densitometers Market research report which is segmented by Technology (SEXA, Peripheral Bone Densitometry, QUS, pDEXA, pQCT, Axial Bone Densitometry, QCT, RA, DEXA), By Players/Companies Inc, Hologic, GE Healthcare, Lone Oak Medical Technologies LLC, DMS Group, BeamMed Ltd, CompuMed, Inc, Inc, Osteometer MediTech”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.

The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.

Global Bone Densitometers Market Report Segments:

The market is segmented by Technology (SEXA, Peripheral Bone Densitometry, QUS, pDEXA, pQCT, Axial Bone Densitometry, QCT, RA, DEXA).

Bone Densitometers Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.

Key Benefits for Industry Participants & Stakeholders:

• Industry drivers, restraints, and opportunities covered in the study
• Neutral perspective on the market performance
• Recent industry trends and developments
• Competitive landscape & strategies of key players
• Potential & niche segments and regions exhibiting promising growth covered
• Historical, current, and projected market size, in terms of value
• In-depth analysis of the Bone Densitometers Market

Overview of the regional outlook of the Bone Densitometers Market:

Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.

Highlights of The Bone Densitometers Market Report:

1. The market structure and projections for the coming years.
2. Drivers, restraints, opportunities, and current trends of Bone Densitometers Market.
3. Historical data and forecast.
4. Estimations for the forecast period 2028.
5. Developments and trends in the market.

                1. SEXA

                2. Peripheral Bone Densitometry

                3. QUS

                4. pDEXA

                5. pQCT

                6. Axial Bone Densitometry

                7. QCT

                8. RA

                9. DEXA

7. Market scenario by region, sub-region, and country.
8. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
9. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
10. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Bone Densitometers Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.

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Reasons to Purchase the Bone Densitometers Market Report:

• The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
• Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
• Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
• The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
• Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.