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Rising Incidence Of Bone-Related Diseases To Drive Growth In The Bone and Mineral Diagnostic Testing Market: A Key Catalyst Accelerating Global Bone and Mineral Diagnostic Testing Market Growth in 2025
Use code ONLINE20 to get 20% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.Bone and Mineral Diagnostic Testing Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
The financial scope of the bone and mineral diagnostics sector has exhibited consistent expansion lately, projected to advance from a valuation of 1.09 billion dollars in 2024 to 1.14 billion dollars by 2025, reflecting a compound annual growth rate (CAGR) of 4.6%; this upward trajectory throughout the historical span is primarily linked to the increasing demands from an aging demographic, the widespread occurrence of osteoporosis, enhanced efforts in awareness and education, the clinical necessity for ongoing monitoring, and more rigorous fracture risk evaluations.
Bone and Mineral Diagnostic Testing Market Size Forecast: What's the Projected Valuation by 2029?
Projected for a robust expansion ahead, the market encompassing diagnostic testing for bone health and mineral levels anticipates reaching a valuation of $1.41 billion by the year 2029, achieving this through a steady compound annual growth rate (CAGR) of 5.6%. This upward trajectory through the forecast timespan stems from several key factors, notably the progress made in diagnostic tools, a rising prevalence of skeletal system metabolic disorders, a heightened emphasis on proactive health screenings, and the incorporation of these tests into tailored medical treatments. Key developments anticipated to shape this market era involve the incorporation of various biochemical indicators, the leveraging of remote care and telehealth for monitoring, the increasing availability of testing solutions designed for at-home use, heightened joint efforts in research and development, and a strategic move towards wider, all-encompassing sets of diagnostic evaluations.
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What Are the Drivers Transforming the Bone and Mineral Diagnostic Testing Market?
Anticipated escalation in occurrences of skeletal system pathologies is poised to stimulate expansion within the market for diagnostic evaluations pertaining to bones and minerals. These conditions affecting the skeletal structure compromise bone resilience or pliability, leading to fragility and greater susceptibility to breaks, presenting with symptoms that may include skeletal discomfort, mobility issues, and an elevated potential for bone fractures. Diagnostic procedures focused on bone and mineral health, like bone density measurements, offer a means to preempt bone ailments by detecting diminished bone mass prior to the full development of osteoporosis, assessing the probability of subsequent fractures, and monitoring how well current osteoporosis therapies are performing. The rising prevalence of these bone disorders, combined with greater public understanding and progress in technology, is projected to boost the trajectory of the bone and mineral diagnostic testing sector. As an illustration, data shared by the US government entity, The National Center for Biotechnology Information (NCBI), in May 2022, indicated that fractures constitute the main complication arising from osteoporosis, with forecasts estimating that by 2050 worldwide hip fractures will climb by 310 percent for males and by 240 percent for females; consequently, the growing rate of bone-related illnesses will serve as a catalyst for the bone and mineral diagnostic testing market.
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What Long-Term Trends Will Define the Future of the Bone and Mineral Diagnostic Testing Market?
A significant trend gaining momentum within the arena of bone and mineral diagnostic testing involves the march of technological progress, compelling enterprises within this sector to incorporate novel methodologies in order to preserve their competitive standing. A notable illustration of this occurred in May 2022 when GE HealthCare Technologies Inc., a medical technology firm headquartered in the United States, brought forth a pioneering MRI process. This technique leverages emergent pulse sequences, specifically zero echo time (ZTE), enabling visualization of structures like tendons, ligaments, calcified deposits, and the substance of cortical bone. This sophisticated leap forward in magnetic resonance imaging for bone yields image quality comparable to computed tomography (CT) scans, boasting three-dimensional isotropic detail, all achieved without subjecting the patient to any ionizing radiation. Currently, this innovation serves the purpose of gathering structural data about the cortical bone architecture across various anatomical regions, including the hip, shoulder, spine, skull, and ankle/foot complexes. Its utility becomes particularly attractive in circumstances where serial CT scans are necessitated, especially in scenarios where low-dose CT options are not accessible.
Which Segments in the Bone and Mineral Diagnostic Testing Market Offer the Most Profit Potential?
The bone and mineral diagnostic testingmarket covered in this report is segmented -
1) By Product: Assays Or Consumables; Instruments
2) By Test Type: Enzyme-Linked Immunosorbent Assay (ELISA); Clinical Laboratory Improvement Amendments (CLIA); Other Test Types
3) By Application: Vitamin D Testing; Bone Metabolism
Subsegments:
1) By Assays Or Consumables: Bone Turnover Markers Assays; Vitamin D Assays; Calcium And Phosphate Assays; Sample Collection Kits; Reagents And Standards
2) By Instruments: Bone Densitometers; X-Ray Machines; Ultrasound Devices; MRI Machines; Other Diagnostic Instruments
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Which Firms Dominate the Bone and Mineral Diagnostic Testing Market by Market Share and Revenue in 2025?
Major companies operating in the bone and mineral diagnostic testing market include Abbott Laboratories, bioMérieux SA, DiaSorin S.p.A., QuidelOrtho Corporation, Siemens Healthineers AG, F. Hoffmann-La Roche AG, GE HealthCare Technologies Inc., Hologic Inc., Beammed Ltd., Swissray International Inc., Osteosys Co. Ltd., Diagnostic Medical System SA, Medonica Co. Ltd., Epitope Diagnostics Inc., Alere Inc., Beckman Coulter Inc., Bio Rad Laboratories Inc., Calbiotech Inc., Roche Diagnostics India Pvt. Ltd., Ortho-Clinical Diagnostics, Enzo Life Sciences lnc., Medtronic plc, Thermo Fisher Scientific lnc., Sysmex Corporation, EKF Diagnostics, Bruker Corporation, Esaote SpA, Hitachi Ltd., Koninklijke Philips N.V., Mindray Medical International Limited, PerkinElmer Inc., Shimadzu Corporation, Toshiba Medical Systems Corporation, Waters Corporation, Danaher Corporation, Merck KGaA
Which Regions Offer the Highest Growth Potential in the Bone and Mineral Diagnostic Testing Market?
North America was the largest region in the bone and mineral diagnostic testing market in 2024. The regions covered in the bone and mineral diagnostic testing market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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