As per our research report, the global bone densitometer devices market size is estimated to be growing at a CAGR of 4.1% from 2022 to 2027.
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A bone densitometer is a device that measures the mineral content and density of the bones. X-rays and dual-energy X-ray absorptiometry can be used to do this. This measurement tells a doctor if their patient’s bone mass is deteriorating. This is a condition that makes bones more likely to shatter or fracture. The bone densitometer is used to determine whether someone has osteopenia or osteoporosis. It’s also utilized to predict the likelihood of future fractures.
The COVID-19 pandemic is expected to positively impact the worldwide bone densitometer devices market, fuelling its expansion. People struggled with chronic bone health issues and fractures despite the long-term pandemic. Furthermore, as a result of the development of systems for bone mineral testing, the use of bone densitometer products is expected to rise, propelling the bone densitometer market forward throughout the forecast period. As a result, routine clinical evaluations and treatments have decreased. The development of the COVID-19 vaccine, on the other hand, has begun the process of economic recovery by easing lockdown restrictions and returning to normalcy in the economic landscape, which has already started the process of resuming regular healthcare services such as outpatient visits and resumption of healthcare services, bringing product demand in the Bone Densitometers market back on track.
The growth in osteoporosis cases, the rise in accidents, and the development of new bone densitometer products by many key players are all driving the worldwide bone densitometer market forward. In addition, the increase in the number of bone-related ailments has increased the use of bone densitometer products, propelling the bone densitometer market forward. The rise in the senior population, which is more sensitive to bone-related illnesses, is one of the primary drivers of the bone densitometer market. This, combined with an increase in the number of fragility fractures, drives the market forward. Other factors, such as improvements in DXA scanners that have enabled faster and more accurate diagnosis and increased investments to strengthen the current healthcare infrastructure, are projected to contribute to the market’s favorable outlook.
During the forecast period, the number of product approvals is expected to give lucrative opportunities for the worldwide bone densitometer market to grow. Increased demand for bone densitometer equipment and an increase in the number of hospitals and diagnostic centers would provide lucrative market growth opportunities. In addition, emerging market trends and various osteoporosis awareness programs carried out by NGOs around the world are expected to boost market demand. Leading companies worldwide bone densitometer devices market are making significant investments in acquisitions and new agreements. These efforts are projected to enhance the global bone densitometer devices market in the future years. Leading market players focus on innovations to stay afloat in the worldwide bone densitometer devices market. In addition, the growing global trend of medical tourism is projected to benefit key market stakeholders in the coming decade.
On the other hand, the high cost of treatments and a lack of public awareness regarding bone densitometers may restrict factors in the growth of bone densitometers. Furthermore, the market would face additional challenges due to a lack of medical expertise, particularly in developing and undeveloped economies.
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SEGMENTS COVERED UNDER THIS REPORT:
- Dual Energy X-ray Absorptiometry (DXA)
- Peripheral Dual Energy X-ray Absorptiometry (pDXA)
- Quantative Ultrasound (QUS)
- Central Scan
- Peripheral Scan
By End Users:
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
KEY MARKET INSIGHTS:
During the forecast period, the Asia Pacific market dominated the market share. Due to the rising geriatric population, increasing incidence of osteoporosis, increasing healthcare expenditure, and the growing number of hospitals and clinics, Asian countries (particularly China and India) are expected to offer significant growth opportunities for market players over the forecast period. The Indian Society for Bone and Mineral Research, a multidisciplinary group of physicians, researchers, and epidemiologists who investigate bone-related issues, presented the criteria for osteoporosis diagnosis in India at their annual meeting.
Europe, which ranked second in the global bone densitometers market the same year, is expected to continue to grow at a healthy pace. The development of newer and improved technology and increased public awareness about the rapid identification of bone-related disorders are the reasons why Europe has a promising future in the bone densitometers devices market.
Due to many collaborative efforts performed by various organizations in this region to strengthen their R&D capabilities and maintain high medical standards, North America is expected to have a significant part of the market, which is likely to boost demand across this region. In addition, the increasing usage of modern technology in healthcare systems and the rising burden of chronic diseases in the country are driving the market for bone densitometer systems in the United States.
BeamMed Ltd., Demetech AB., DMS Imaging (a division of the DMS group), Ecolight S.P.A., General Electric Company, Hologic Inc., Medilink, Medonica Co. Ltd, Osteometer MediTech Inc., and Swissray International Inc. are some of the notable companies operating in the global bone densitometer devices market profiled in this report.
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Browse Regional Reports:
- North America Bone Densitometer Devices Market
- Europe Bone Densitometer Devices Market
- APAC Bone Densitometer Devices Market
- Latin America Bone Densitometer Devices Market
- MEA Bone Densitometer Devices Market
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