The increasing cases of
osteoporosis globally, growing lifestyle diseases and the rising geriatric
population are some major factors which are expected to drive the market in the
forecast period.
Market Size – USD 244.6 Million
in 2019, Market Growth – CAGR of 4.1%, Market Trends– Increasing technological
advances
According to the current analysis of Reports and Data, the Bone Densitometer Market was valued at USD 244.6 million in 2019 and is expected to reach USD 338.8 million by the year 2027, at a CAGR of 4.1%. Bone densitometer is a simple, rapid, and noninvasive device that is used to measure density of bone to diagnose osteoporosis. The rising prevalence of osteoporosis across the globe is the vital factor for anticipated market growth. Lowered quality of lifestyle and reduced intake of essential nutrients has also increased conditions such as low bone density due to which high chances of fractures may occur. According to the International Osteoporosis Foundation, more than 320,000 hip fractures are registered annually in North America and are associated with an average mortality rate of 21% in a year. It is estimated to cause 3 million fractures costing USD around 25 billion by 2025 worldwide.
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The increasing geriatric
population which faces issues of low bone density due to aging could be a major
market driver. This population is immensely vulnerable to osteoporosis and
fractures associated due to bone related diseases. Moreover, increasing
technological advancements in various regions are projected to fuel market growth
in the future. One of the major cause of the osteoporosis is low level of
estrogen. Reduced level of estrogen is more profound in postmenopausal women.
The prevalence of osteoporosis in the case of menopausal women could be a major
driver contributing to the growth of the market. According to the estimates
provided by the International Osteoporosis Foundation, approximately 200
million women are affected by osteoporosis worldwide. Moreover, about 1 in 3
women over the age of 50 were found to be suffering from osteoporotic
fractures. However, some factors, including the high cost of densitometers and
less awareness about the bone densitometers, are expected to be some restraints
for the market.
The
COVID-19 impact:
The pandemic outbreak of
SARS-CoV-2 has negatively affected the market growth of bone densitometer for a
shorter time span followed by recovery with a stable demand of the market. The
infection has attacked around 200 countries with approximately 15 million
active cases across the globe. To flatten the impact of infection practices
like physical distancing and restricted international trade were initiated in
different nations. Physical distancing led to shut down of several
manufacturing plant and disrupted supply chain or insufficient inventory of
medical devices as a result of changed equation within international business
trades. However, uplifting of lock down and steady market flow have promised
steady recovery in the growth.
Further
key findings from the report suggest
- Lifestyle diseases such as osteoporosis and
obesity are prominently increasing worldwide costing around USD 167
billion annual expenses worldwide, thus, early diagnosis of such diseases
are majorly in demand. To capture the client needs companies are
developing products. For instance, Norland at Swissray in July 2020,
launched ELITE Bone Densitometer (DXA) for osteoporosis and obesity.
- Many companies and institutions are
spreading awareness about osteoporosis and its prevention methods in
different regions. For instance, every year on 20th October
World Osteoporosis Day is organized by the International Osteoporosis
Foundation (IOF), wherein, various participants explain the importance of
bone health and to manage bone density for better health.
- Various regions are being introduced with
services including bone testing to improve medical services. For instance,
in September 2019, Northwest Specialty Hospital opened Northwest Bone
Health in North Idaho.
- Furthermore, the center provides services
like Dual-energy X-ray absorptiometry (DXA) scanner which is capable of
assessing trabecular bone score (TBS) and vertebral fracture assessment
(VFA). Also, the other novel therapies including bisphosphonates, IV
infusions, Prolia, Forteo, and Tymlos are also provided at the center
- Key participants in the market include
Hologic, Inc., GE Healthcare, Diagnostic Medical Systems Group, Echolight
S.P.A, Scanflex Healthcare AB, Swissray Global Healthcare Holding, Ltd.,
Medonica Co., Ltd., Oscare Medical Oy, Osteosys Corporation and OSI
Systems, Inc.
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For the purpose of this report,
Reports and Data has segmented the Bone Densitometer market on the basis of
technology, application end use and region:
Technology Outlook (Revenue in
Million USD; 2017–2027)
- Axial Bone Densitometry
- DXA Technology
- Quantitative Computed Tomography
- Peripheral Bone Densitometry
- Single Energy X-Ray Absorptiometry
- Radiographic Absorptiometry
- Quantitative Ultrasound
- Peripheral Quantitative Computed
Tomography
- Peripheral Dual Energy X-Ray
Absorptiometry
Application Outlook (Revenue in
Million USD; 2017–2027)
- Osteoporosis and Osteopenia
- Cystic Fibrosis
- Rheumatoid Arthritis
- Body Composition Measurement
End-use Outlook (Revenue in
Million USD; 2017–2027)
- Hospitals
- Clinics
- Diagnostic and Imaging Centers
- Others
Regional Outlook (Revenue in
Million USD; 2017–2027)
- North America
- U.S
- Canada
- Europe
- Germany
- France
- U.K
- Spain
- Italy
- Rest of the Europe
- Asia Pacific
- China
- India
- Japan
- Rest of Asia-Pacific
- Middle East & Africa
- Latin America
- Brazil
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Major Points covered in this report are as below:
·
The Bone Densitometer industry development trends and
marketing channels are analyzed. The feasibility of new investment projects are
assessed and overall research conclusions offered.
·
With the tables and figures, the report provides key
statistics on the state of the industry and is a valuable source of guidance
and direction for companies and individuals interested in the market.
·
Development policies and plans, manufacturing processes and
cost structures are also analyzed. This report also states import/export
consumption, supply and demand figures, cost, price, revenue and gross margins.
·
The Bone Densitometer Market report provides key statistics
on the market status of the Bone Densitometer manufacturers and is a valuable
source of guidance and direction for companies and individuals interested in
the industry.
We can also provide the customized data for
separate regions like North America, United States, Canada, Mexico,
Asia-Pacific, China, India, Japan, South Korea, Australia, Indonesia,
Singapore, Rest of Asia-Pacific, Europe, Germany, France, UK, Italy, Spain,
Russia, Rest of Europe, Central & South America, Brazil, Argentina, Rest of
South America, Middle East & Africa, Saudi Arabia, Turkey, Rest of Middle
East & Africa
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