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Bone Densitometer Market Growth Drivers, Key Trends, Size, Share Analysis And Forecast To 2033
Bone Densitometer Market
As per the report, the bone densitometer market size has grown strongly in recent years. It will grow from $1.27 billion in 2023 to $1.38 billion in 2024 at a compound annual growth rate (CAGR) of 9.1%. The bone densitometer market size is expected to see strong growth in the next few years. It will grow to $2 billion in 2028 at a compound annual growth rate (CAGR) of 9.6%.
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Rising Incidence Of Osteoporosis Spurs Demand For Bone Densitometers A Market Growth Catalyst
The surge in the incidence of osteoporosis is expected to propel market demand for bone densitometers. Osteoporosis medical condition characterized by a decrease in density of bone and strength and resulting in fragile bones. Osteoporosis is caused by low calcium intake, genetic disorders, gastrointestinal surgery, and other factors. Through the help of a bone densitometer, medical institutions calculate quantitative bone density through particular technology and applications, thus helping in the treatment. There will be a surge in demand for bone densitometers in response to the surge in the incidences of osteoporosis. For instance, in 2022, according to a report by Amgen, a US-based biotechnology company, an estimated 1.5 million Americans experience a fracture each year due to osteoporosis, and the associated costs total $19 billion. Therefore, the increasing cases of osteoporosis globally will drive the growth of the bone densitometer market.
Technological Advancements Transforming The Bone Densitometer Market A Spotlight On Next-Generation Solutions
Technological advancement is a key trend gaining popularity in the bone densitometer market. Major companies operating in the bone densitometer market are focused on providing technologically advanced solutions to meet end-customer demand and strengthen their market position. These companies are implementing next-generation bone densitometer technologies into their products such as radiography, computed tomography, fluoroscopy, mammography, diffraction, 3D visualization, modelling, and others. For instance, an Italian medical equipment manufacturer Echolight SPA offers a new bone densitometry solution, an innovative radiation-free solution for evaluating the bone situation of the lumbar vertebral column and femoral neck using proprietary R.E.M.S. (Radiofrequency Echographic Multi Spectrometry) technology. REMS technology is a revolutionary approach with radiation-free technology to characterize bone microarchitecture based on radio frequency signals acquired during a simple ultrasound scan, overcoming all the main limitations of DXA (Dual-Energy X-ray Absorptiometry) and QUS (Quantitative Bone Ultrasound).
The bone densitometer market covered in this report is segmented -
1) By Type: DXA Systems, Peripheral Bone Densitometers, Radiographic Absorptiometry Scanners, Quantitative Ultrasound Scanners
2) By Application: Osteoporosis & Osteopenia Diagnosis, Cystic Fibrosis Diagnosis, Body Composition Measurement, Rheumatoid Arthritis Diagnosis
3) By End-User: Hospitals, Clinics, Diagnostic and Imaging Centers, Other End-Users
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Major companies operating in the bone densitometer market include Diagnostic Medical Systems SA, GE Healthcare Technologies Inc., Hologic Inc., BeamMed Ltd., Demetech AB, Osteometer Meditech Inc., OSTEOSYS Corp., Trivitron Healthcare Private Limited, Swissray International Inc., MEDILINK Global Ltd., Xingaoyi Medical Equipment Co. Ltd., Echolight S.p.a, Eurotec Medical Systems srl, Scanflex Healthcare AB, Medonica Co. Ltd., CyberLogic Inc., Oscare Medical Oy, L'Acn Srl., Shenzhen Xray Electric Co. Ltd., YOZMA BMTech Co. Ltd., Nanoomtech Co. Ltd., FURUNO Electric Co. Ltd., ARTANN Laboratories Inc., StemLab Inc., CooperSurgical Inc., Medtronic PLC, Siemens AG, Canon Medical Systems Corporation, Koninklijke Philips N.V., Samsung Medison Co. Ltd.
Contents of the report:
1. Executive Summary
2. Bone Densitometer Market Report Structure
3. Bone Densitometer Market Trends And Strategies
4. Bone Densitometer Market - Macro Economic Scenario
5. Bone Densitometer Market Size And Growth
…..
27. Bone Densitometer Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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