Medical Bone Densitometers Market
Global Medical Bone Densitometers Market Size, Share & Trends Analysis Report by Type (DEXA and Ultrasound), by Technology (Axial Bone Densitometry and Peripheral Bone Densitometry), and by End-User (Hospitals, Medical Institutions, and Others) Forecast Period (2022-2028) Update Available - Forecast 2024-2030
The global medical bone densitometers market is anticipated to grow at a significant CAGR of 10.7% during the forecast period. The market is expected to continue the growth trend due to the increasing prevalence of osteoporosis in postmenopausal women and the rising geriatric population is estimated to be the major factor that is augmenting the demand for the medical bone densitometers. Furthermore, increasing awareness among consumers regarding early diagnosis, the rising pool of patients suffering from arthritis and vitamin D deficiency, and increasing interest in the measurement of bone density are also estimated to be one of the major factors that are driving the growth of the market. However, certain factors are hindering the growth of the market across the globe. The high cost of bone densitometers is estimated to be the major constraint in the growth of the market. Except for these petty restraints, the global bone densitometers market is yet to explore its full potential in the market. Increasing demand for bone densitometers from emerging economies (such as India, Brazil, and China) and technological advancements in bone densitometers are developing numerous growth opportunities for the growth of the market in the future.
Impact of COVID-19 Pandemic on Global Medical Bone Densitometers Market
The COVID-19 pandemic has had a considerable impact on the market for bone densitometer systems. The decline in imaging volumes during the pandemic may have an impact on the market's growth rate. For instance, according to a paper published in May 2020 in the Journal of the American College of Radiology titled "Impact of the Coronavirus Disease 2019 (COVID-19) Pandemic on Imaging Case Volumes," the total imaging volume in 2020 (weeks 1-16) decreased by 12.29% compared to 2019. It also said that imaging volumes decreased by 28.10% across all patient service locations after COVID-19 (weeks 10-16). Outpatient imaging declined by 88% at week 16, according to the same source, and x-rays led to a nearly 22% reduction.
Segmental Outlook
The global medical bone densitometers market is segmented based on type, technology, and end-users. Based on type, the medical bone densitometers market is segmented into DEXA and ultrasound. Further, based on the technology, the market is bifurcated into axial bone densitometry and peripheral bone densitometry. Based on the end-users, the medical bone densitometers market is segmented into hospitals, medical institutions, and others.
Global Medical Bone Densitometers Market Share by End-Users, 2021 (%)
The Hospital Sub-Segment is Anticipated to Hold Prominent Share in the Global Medical Bone Densitometers Market
The hospital sub-segment is expected to hold a prominent share. The existence of technological infrastructure promotes great efficiency in bone densitometer diagnostic operations, resulting in a higher percentage of hospitals. One of the primary elements contributing to the segment's large share is government healthcare institutions' rising proclivity to push modern diagnostic tools that produce quick results. Furthermore, in today's environment, hospitals are increasingly relying on fully automated technologies that can detect this illness early on. These factors are predicted to have a beneficial impact on segment growth in the next years when taken together.
Regional Outlooks
The global medical bone densitometers market is further segmented based on geography including North America (the US, and Canada), Europe (Italy, Spain, Germany, France, and Others), Asia-Pacific (India, China, Japan, South Korea, and Others), and the Rest of the World (the Middle East & Africa, and Latin America). The market can be analyzed for a particular region or country level as per the requirement. Among these, the Asia-Pacific regional market is expected to cater to considerable growth during the forecast period. The availability of a high-quality healthcare system and high healthcare spending is also estimated to boost the growth of the Asia-Pacific medical bone densitometers market.
Global Medical Bone Densitometers Market Growth, by Region 2022-2028
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The North American Region is Expected to Hold a Prominent Share in the Global Medical Bone Densitometers Market
The North American region is expected to hold a prominent share in the global medical bone densitometers market due to different collaborative efforts conducted by various companies in this region to increase their R&D capabilities and maintain high medical standards, which are projected to drive demand throughout this region The increasing usage of modern technology in healthcare systems, as well as the rising burden of chronic diseases in the country, are driving the market for bone densitometer systems in the US. According to GLOBOCAN 2020, in the US 2020, 2,281,658 new cancer cases were diagnosed, with 612,390 deaths. According to the Arthritis Foundation Fact Sheet, 2019, the number of adults with doctor-diagnosed arthritis in the US is predicted to reach 78.4 million by 2040, accounting for 25.9% of all adults in the country.
Market Players Outlook
The major companies serving the global medical bone densitometers market include Medtronic PLC, Koninklijke Phillips NV, Boston Scientific Corp., Abbott Laboratories Inc., and Johnson & Johnson Services, Inc., among others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers and acquisitions, new launches, and partnerships. For instance, in April 2022, BioSpace launched innovative bone densitometers to enable rapid and accurate screening. In the same period, Norland at Swissray launched the ELITE DXA, a bone densitometer developed for large subjects. Its active scan window size is twice the size of existing bone densitometers. It is used for scanning large bodies that were not able to fit in traditional densitometers.
The Report Covers
- Market value data analysis of 2021 and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global medical bone densitometers market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
1.Report Summary
- Current Industry Analysis and Growth Potential Outlook
- Impact of COVID-19 on the Global Medical Bone Densitometers Market
- Recovery Scenario of Global Medical Bone Densitometers Market
1.1.Research Methods and Tools
1.2.Market Breakdown
1.2.1.By Segments
1.2.2.By Region
2.Market Overview and Insights
2.1.Scope of the Report
2.2.Analyst Insight & Current Market Trends
2.2.1.Key Findings
2.2.2.Recommendations
2.2.3.Conclusion
3.Competitive Landscape
3.1.Key Company Analysis
3.1.1.Overview
3.1.2.Financial Analysis
3.1.3.SWOT Analysis
3.1.4.Recent Developments
3.2.Key Strategy Analysis
3.3.Impact of COVID-19 on Key Players
4.Market Segmentation
4.1.Global Medical Bone Densitometers Market by Type
4.1.1.DEXA
4.1.2.Ultrasound
4.2.Global Medical Bone Densitometers Market by Technology
4.2.1.Axial Bone Densitometry
4.2.2.Peripheral Bone Densitometry
4.3.Global Medical Bone Densitometers Market by End-User
4.3.1. Hospitals
4.3.2.Medical Institutes
4.3.3.Others
5.Regional Analysis
5.1.North America
5.1.1.United States
5.1.2.Canada
5.2.Europe
5.2.1.UK
5.2.2.Germany
5.2.3.Italy
5.2.4.Spain
5.2.5.France
5.2.6.Rest of Europe
5.3.Asia-Pacific
5.3.1.China
5.3.2.India
5.3.3.Japan
5.3.4.South Korea
5.3.5.Rest of Asia-Pacific
5.4.Rest of the World
6.Company Profiles
6.1.Abbott Laboratories Inc.
6.2.GE Healthcare
6.3.Hologonic Inc.
6.4.Beammed Ltd.
6.5.DMS Imaging
6.6.Swissray International, Inc.
6.7.Xingaoyi Medical Equipment Co. Ltd.
6.8.Eurotec Medical Systems SRL
6.9.Trivitron Healthcare
6.10.Scanflex Healthcare AB
6.11.Medonica Co. LTD
6.12.OsteoSys Corp
6.13.CyberLogic, Inc.
6.14.MEDILINK
6.15.Osteometer MediTech
1.GLOBAL MEDICAL BONE DENSITOMETERS MARKET RESEARCH AND ANALYSIS BY TYPE, 2021-2028 ($ MILLION)
2.GLOBAL MEDICAL BONE DENSITOMETERS OF DEXA MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
3.GLOBAL MEDICAL BONE DENSITOMETERS OF ULTRASOUND MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
4.GLOBAL MEDICAL BONE DENSITOMETERS MARKET RESEARCH AND ANALYSIS BY TECHNOLOGY, 2021-2028 ($ MILLION)
5.GLOBAL AXIAL BONE DENSITOMETRY MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
6.GLOBAL PERIPHERAL BONE DENSITOMETRY MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
7.GLOBAL MEDICAL BONE DENSITOMETERS MARKET RESEARCH AND ANALYSIS BY END-USER, 2021-2028 ($ MILLION)
8.GLOBAL MEDICAL BONE DENSITOMETERS BY HOSPITAL MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
9.GLOBAL MEDICAL BONE DENSITOMETERS BY MEDICAL INSTITUTES MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
10.GLOBAL MEDICAL BONE DENSITOMETERS BY OTHERS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
11.GLOBAL MEDICAL BONE DENSITOMETERS MARKET RESEARCH AND ANALYSIS BY GEOGRAPHY, 2021-2028 ($ MILLION)
12.NORTH AMERICAN MEDICAL BONE DENSITOMETERS MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
13.NORTH AMERICAN MEDICAL BONE DENSITOMETERS MARKET RESEARCH AND ANALYSIS BY TYPE, 2021-2028 ($ MILLION)
14.NORTH AMERICAN MEDICAL BONE DENSITOMETERS MARKET RESEARCH AND ANALYSIS BY TECHNOLOGY, 2021-2028 ($ MILLION)
15.NORTH AMERICAN MEDICAL BONE DENSITOMETERS MARKET RESEARCH AND ANALYSIS BY END-USER, 2021-2028 ($ MILLION)
16.EUROPEAN MEDICAL BONE DENSITOMETERS MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
17.EUROPEAN MEDICAL BONE DENSITOMETERS MARKET RESEARCH AND ANALYSIS BY TYPE, 2021-2028 ($ MILLION)
18.EUROPEAN MEDICAL BONE DENSITOMETERS MARKET RESEARCH AND ANALYSIS BY TECHNOLOGY, 2021-2028 ($ MILLION)
19.EUROPEAN MEDICAL BONE DENSITOMETERS MARKET RESEARCH AND ANALYSIS BY END-USER, 2021-2028 ($ MILLION)
20.ASIA-PACIFIC MEDICAL BONE DENSITOMETERS MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
21.ASIA-PACIFIC MEDICAL BONE DENSITOMETERS MARKET RESEARCH AND ANALYSIS BY TYPE, 2021-2028 ($ MILLION)
22.ASIA-PACIFIC MEDICAL BONE DENSITOMETERS MARKET RESEARCH AND ANALYSIS BY TECHNOLOGY, 2021-2028 ($ MILLION)
23.ASIA-PACIFIC MEDICAL BONE DENSITOMETERS MARKET RESEARCH AND ANALYSIS BY END-USER, 2021-2028 ($ MILLION)
24.REST OF THE WORLD MEDICAL BONE DENSITOMETERS MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
25.REST OF THE WORLD MEDICAL BONE DENSITOMETERS MARKET RESEARCH AND ANALYSIS BY TYPE, 2021-2028 ($ MILLION)
26.REST OF THE WORLD MEDICAL BONE DENSITOMETERS MARKET RESEARCH AND ANALYSIS BY TECHNOLOGY, 2021-2028 ($ MILLION)
27.REST OF THE WORLD MEDICAL BONE DENSITOMETERS MARKET RESEARCH AND ANALYSIS BY END-USER, 2021-2028 ($ MILLION)
1.IMPACT OF COVID-19 ON GLOBAL MEDICAL BONE DENSITOMETERS MARKET, 2021-2028 ($ MILLION)
2.IMPACT OF COVID-19 ON GLOBAL MEDICAL BONE DENSITOMETERS MARKET BY SEGMENT, 2021-2028 ($ MILLION)
3.RECOVERY OF GLOBAL MEDICAL BONE DENSITOMETERS MARKET, 2022-2028 (%)
4.GLOBAL MEDICAL BONE DENSITOMETERS MARKET SHARE BY TYPE, 2021 VS 2028 (%)
GLOBAL MEDICAL BONE DENSITOMETERS OF DEXA MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
6.GLOBAL MEDICAL BONE DENSITOMETERS OF ULTRASOUND MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
7.GLOBAL MEDICAL BONE DENSITOMETERS MARKET SHARE BY TECHNOLOGY, 2021 VS 2028 (%)
8.GLOBAL AXIAL BONE DENSITOMETRY MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
9.GLOBAL PERIPHERAL BONE DENSITOMETRYMARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
10.GLOBAL MEDICAL BONE DENSITOMETERS MARKET SHARE BY END-USER, 2021 VS 2028 (%)
11.GLOBAL MEDICAL BONE DENSITOMETERS FOR HOSPITALS MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
12.GLOBAL MEDICAL BONE DENSITOMETERS FOR MEDICAL INSTITUTES MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
13.GLOBAL MEDICAL BONE DENSITOMETERS FOR OTHERS MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
14.GLOBAL MEDICAL BONE DENSITOMETERS MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
US MEDICAL BONE DENSITOMETERS MARKET SIZE, 2021-2028 ($ MILLION)
16.CANADA MEDICAL BONE DENSITOMETERS MARKET SIZE, 2021-2028 ($ MILLION)
17.UK MEDICAL BONE DENSITOMETERS MARKET SIZE, 2021-2028 ($ MILLION)
18.FRANCE MEDICAL BONE DENSITOMETERS MARKET SIZE, 2021-2028 ($ MILLION)
19.GERMANY MEDICAL BONE DENSITOMETERS MARKET SIZE, 2021-2028 ($ MILLION)
20.ITALY MEDICAL BONE DENSITOMETERS MARKET SIZE, 2021-2028 ($ MILLION)
21.SPAIN MEDICAL BONE DENSITOMETERS MARKET SIZE, 2021-2028 ($ MILLION)
22.REST OF EUROPE MEDICAL BONE DENSITOMETERS MARKET SIZE, 2021-2028 ($ MILLION)
23.INDIA MEDICAL BONE DENSITOMETERS MARKET SIZE, 2021-2028 ($ MILLION)
24.CHINA MEDICAL BONE DENSITOMETERS MARKET SIZE, 2021-2028 ($ MILLION)
25.JAPAN MEDICAL BONE DENSITOMETERS MARKET SIZE, 2021-2028 ($ MILLION)
26.SOUTH KOREA MEDICAL BONE DENSITOMETERS MARKET SIZE, 2021-2028 ($ MILLION)
27.REST OF ASIA-PACIFIC MEDICAL BONE DENSITOMETERS MARKET SIZE, 2021-2028 ($ MILLION)
28.REST OF THE WORLD MEDICAL BONE DENSITOMETERS MARKET SIZE, 2021-2028 ($ MILLION)
