Global Bone Densitometer Market to Gain $1321.36 Million in Revenue by 2028

According to Triton's report, the global bone densitometer market, which attained $962.50 million in 2021, is expected to register progress at 4.66% of CAGR by 2028.

A recent study by Triton Market Research titled 'Global Bone Densitometer Market,' entails the global analysis and forecasts by Technology (Peripheral Bone Densitometry, Axial Bone Densitometry), End-users (Hospitals, Specialty Clinics, Other End-users), Application (Osteoporosis & Osteopenia, Rheumatoid Arthritis, Cystic Fibrosis, Body Composition Measurement), and Regional Outlook (Asia-Pacific, North America, Latin America, Middle East and Africa, Europe).

Bone densitometry devices are designed to calculate bone density accurately and lower the impact of degenerative joint diseases.

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Triton's research report estimates that the global bone densitometer market to witness growth at a CAGR of 4.66% over the forecasted period 2022-2028 while earning a revenue worth $1321.36 million by 2028.

A rise in degenerative joint diseases has become a major concern for the old age group, especially when it comes to joint pain. This has led to an increase in the demand for bone densitometers. Moreover, the increase in the proportion of older adults and the development of advanced technologies such as DXA scanners also contribute to the growth of the bone densitometer market.

However, the COVID-19 pandemic affected the market aggressively as people neglected the calcium deficiency in their bones and other bone-related risks associated with their age. Additionally, the major users of bone densitometers are the elderly people who are not well aware of osteoporosis and its treatment. Also, the radiation from the device poses a great threat to the individual's body with uncertainty on future health issues. Hence, such risks have restricted the growth of the bone densitometer market.

The bone densitometer market is segmented into technology, end-users, and applications. It is divided into peripheral bone densitometry and axial bone densitometry based on technology. Its end-user segment consists of hospitals, specialty clinics, and other end-users. Based on the applications, it is categorized into osteoporosis & osteopenia, rheumatoid arthritis, cystic fibrosis, and body composition measurement.

Globally, North America holds the largest share of the bone densitometer market and is likely to uphold its leading position in the upcoming years. With the increasing population of older adults, the risk for degenerative diseases is rising. Thus, the presence of this vast consumer base of bone densitometry devices in the region has majorly contributed to the growth of the market. Moreover, the adoption of modern technology and the presence of top healthcare companies in the US and Canada have increased the demand for these devices.

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

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Question & Answer: Bone Densitometer Market

Question 1: What factors contribute to the growth of the bone densitometer market?

Answer: A rise in degenerative joint diseases has become a major concern for the old age group, especially when it comes to joint pain. This has led to an increase in the demand for bone densitometers. Moreover, the increase in the proportion of the older adults and the development of advanced technologies such as DXA scanners also contribute to the growth of the bone densitometer market.

Question 2: What factors have restricted the growth of the market?

Answer: The COVID-19 pandemic affected the market aggressively as people neglected the calcium deficiency in their bones and other bone-related risks associated with their age. Additionally, the major users of bone densitometers are the elderly people who are not well aware of osteoporosis and its treatment. Also, the radiation from the device poses a great threat to the individual's body with uncertainty on future health issues. Hence, such risks have restricted the growth of the bone densitometer market.

Question 3: Which region holds the largest share of the bone densitometer market?

Answer: Globally, North America holds the largest share of the bone densitometer market and is likely to uphold its leading position in the upcoming years. With the increasing population of older adults, the risk for degenerative diseases is rising. Thus, the presence of this vast consumer base of bone densitometry devices in the region has majorly contributed to the growth of the market. Moreover, the adoption of modern technology and the presence of top healthcare companies in the US and Canada have increased the demand for these devices.

Question 4: What are the key players in the bone densitometer market?

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

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Global Pulse Oximeter Market : https://www.tritonmarketresearch.com/reports/pulse-oximeter-market

The global pulse oximeter market is estimated to grow at a CAGR of 5.57% during the forecasted period 2019-2028 and is likely to earn revenue worth $2616.7 million by 2028.

The pulse oximeter is a non-invasive device used to monitor the level of oxygen and heart rate in patients. A surge in monitoring fitness devices drives the growth of the pulse oximeter market. The aging population's growth and healthcare spending have further fuelled its growth.

Additionally, due to the COVID-19 pandemic, the demand for pulse oximeter has grown tremendously as it helps in detecting the virus infection.

However, small players are providing low-quality and low-cost pulse oximeter devices, restraining this growth. Also, due to a lack of knowledge and awareness about pulse oximeter devices, the expansion of the market is hindered significantly.

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