Global Bone Densitometer Market to Surge at $1321.36 Million by 2028

May 05 19:54 2022
Global Bone Densitometer Market to Surge at $1321.36 Million by 2028
bone-densitometer-market
Triton’s research shows that the global bone densitometer market gathered $962.50 million in 2021 and is estimated to advance at a CAGR of 4.66% by 2028.

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

 

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Triton’s report signifies that the global bone densitometer market will likely exhibit growth at a CAGR of 4.66% in 2022-2028. It is predicted to gain revenue worth $1321.36 million by 2028.

A bone densitometer can improve the life expectancy of older people worldwide by calculating the bone density accurately. An advanced bone measurement technology helps lower the risk of growing osteoporosis, thus aiding in the growth of the bone densitometer market. Moreover, the incidence of degenerative joint diseases is also rising with the increase in population, especially in developing countries. It has driven the use of bone densitometers in hospitals and clinics, thereby driving the market’s growth.

In recent years, osteoporosis has become a global health problem affecting many senior citizens. However, the elderly people’s lack of awareness and knowledge has hindered the bone densitometer demand. Additionally, some of the radiation emitted from the densitometers travels through the body, posing a possible risk to overall health. Such risks hamper the growth of the studied market. 

The bone densitometer market is trifurcated into applications, technology, and end-users. The application segment is divided into body composition measurement, osteoporosis & osteopenia, rheumatoid arthritis, and cystic fibrosis. Based on technology, it comprises axial bone densitometry and peripheral bone densitometry. The end-users segment includes specialty clinics, hospitals, and other end-users.

The Asia-Pacific is expected to be the fastest-growing region in the bone densitometer market, with countries like China and India contributing majorly to its growth. Government initiatives for raising awareness and educating people about bone densitometry devices have also aided in the development of the market. 

Overall, the healthcare systems have adopted modern technology, which drives the market in various countries of the region. Besides, millions of women suffer from osteoporosis and poor bone health. Government investment in the implementation of fracture liaison services and osteoporosis has expanded the APAC market for bone densitometer devices significantly. 

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

 

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Question & Answer: Bone Densitometer Market

Question 1: What factors are driving the growth of the bone densitometer market?

Answer: A bone densitometer can improve the life expectancy of older people worldwide by calculating bone density accurately. An advanced bone measurement technology helps lower the risk of growing osteoporosis, thus aiding in the growth of the bone densitometer market. Moreover, the incidence of degenerative joint diseases is also rising with the increase in population, especially in developing countries. It has driven the use of bone densitometers in hospitals and clinics, thereby driving the market’s growth.

Question 2: What factors hamper the growth of the bone densitometer market?

Answer: In recent years, osteoporosis has become a global health problem affecting many senior citizens. However, the elderly people’s lack of awareness and knowledge has hindered the bone densitometer demand. Additionally, some of the radiation emitted from the densitometers travels through the body, posing a possible risk to overall health. Such risks hamper the growth of the studied market. 

Question 3: Which region is expected to grow the fastest in the global bone densitometer market?

Answer: The Asia-Pacific is expected to be the fastest-growing region in the bone densitometer market, with countries like China and India contributing majorly to its growth. Government initiatives for raising awareness and educating people about bone densitometry devices have also aided in the development of the market. 

Overall, the healthcare systems have adopted modern technology, which drives the market in various countries of the region. Besides, millions of women suffer from osteoporosis and poor bone health. Government investment in the implementation of fracture liaison services and osteoporosis has expanded the APAC market for bone densitometer devices significantly. 

Question 4: Which are the leading companies in the bone densitometer market?

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

 

Related Report

Global Dosimeter Market

The global dosimeter market will grow at a CAGR of 4.05% during the forecasted 2021-2028 and earn revenue worth $2823.31 million by 2028. 

Dosimeter devices have contributed significantly to the growth of various industries. They help measure radiation exposure in nuclear plants and the healthcare industry. Moreover, they also help in treating multiple diseases such as cancers. All such drivers have expanded the growth of the market. 

Dosimeter plays a crucial role in various industries like medical devices, nuclear power plants, oil & gas, and mining, where the probability of radiation exposure is high. Majorly, the demand for dosimeters from the healthcare industry is estimated to grow at a rapid pace over the forecasted period. 

However, their demand is also severely impacted due to the unavailability of skilled professionals and investment in renewable energy sources. 

 

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