The Global Bone Densitometer Market to Exhibit 4.66% CAGR by 2028

Triton Market Research presents the Global Bone Densitometer Market categorized by End-users (Hospital, Specialty Clinics, Other End-users), Application (Rheumatoid Arthritis, Osteoporosis & Osteopenia, Body Composition Measurement, Cystic Fibrosis), Technology (Axial Bone Densitometry, Peripheral Bone Densitometry), and Regional Outlook (Middle East and Africa, Asia-Pacific, Europe, North America, Latin America).
It further discusses the Market Summary, Industry Outlook, Impact of COVID-19, Key Insights, Porter's Five Forces Analysis, Market Strategies, Drivers, Challenges, Opportunities, Market Attractiveness Index, Vendor Scorecard, Competitive Landscape, Research Methodology & Scope, Global Market Size, and Forecasts & Analysis (2022-2028).

Triton Market Research's report highlights that the global bone densitometer market would expand with a 4.66% CAGR for the forecasted period 2022-2028.

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The rising geriatric population that is highly susceptible to bone-related ailments such as osteoporosis has increased the use of bone densitometer, a modern form of X-ray technology. The accuracy provided by the technology is very high, which is leading to the growth of the bone densitometer market.

However, the COVID-19 pandemic affected the supply chain of medications and shifted people's concern towards other health issues while ignoring bone-related risks. As a result, the market demand reduced, and the growth was affected greatly. Also, due to a lack of knowledge about osteoporosis and low calcium in bones, many people are unaware of the risks of these health conditions, which is expected to hamper the market's growth.

The Asia-Pacific is expected to be the fastest-growing market for bone densitometer, globally, over the considered period. There is a significant rise in the population, and especially, the geriatric population, in countries like China and India. This largely drives the growth of the bone densitometer market. Moreover, initiatives by the government, such as awareness programs related to bone risks, are also contributing to the growth of the market in the region.

Diagnostic Medical System Group, Swissray Global Healthcare Holding Ltd, OSI Systems Inc, Hologic Inc, Medonica Co Ltd, GE Healthcare, BeamMed Ltd, Eurotec Systems Srl, Medilink, Trivitron Healthcare, Scanflex Healthcare AB, Osteometer MediTech Inc, Oscar Medical Oy, L Acn L Accessorio Nucleare Srl, and Echolight SpA are some of the top players in the bone densitometer market.

The global bone densitometer market witnesses cut-throat competition due to the presence of numerous domestic and international players. Also, the initial cost of manufacturing bone densitometers is low, which allows many small and medium-sized enterprises to enter the market easily. Another factor attributable to the market's growth is the unavailability of substitute products to replace them.

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