DUBLIN--(BUSINESS WIRE)--The "Bone Densitometer Market by Type (DEXA, Peripheral), Application (Osteopenia & Osteoporosis, Cystic Fibrosis, CKD, Body Composition Measurement, Rheumatoid Arthritis), End User (Hospitals & Specialty Clinics, Diagnostic Centres) - Global Forecast to 2027" report has been added to ResearchAndMarkets.com's offering.
The global bone densitometer market is projected to reach USD 378 million by 2027 from USD 299 million in 2022, at a CAGR of 4.7% during the forecast period.
The axial bone densitometry segment is expected to account for the largest share of the bone densitometer market.
Axial bone densitometers fulfill various requirements of clinicians, which is a major factor driving market growth. These instruments predominantly include central dual-energy X-ray absorptiometry-based tools that are imperative to obtain accurate results in diagnostic procedures.
The osteoporosis & osteopenia diagnosis segment is expected to account for the largest share of the bone densitometer market.
The osteoporosis & osteopenia diagnosis segment accounted for the largest share of the global bone densitometer market in 2021. Large geriatric population suffering from osteoporosis and increasing risk of osteoporosis in menopausal women are the key factors driving the segment growth.
The hospitals & specialty clinics segment is expected to account for the largest share of the bone densitometer market.
The hospitals & specialty clinics segment accounted for the largest share of the global bone densitometer market in 2021. Hospitals have the financial capacity to purchase expensive equipment and have trained professionals who can effectively use bone densitometers. Specialty clinics also use bone densitometers to diagnose various medical conditions, such as osteoporosis and osteopenia, as well as for body mass measurement.
Asia Pacific market to witness the highest growth during the forecast period.
The APAC market is estimated to grow at the highest CAGR during the forecast period. Asian countries (particularly China and India) are expected to offer significant growth opportunities for market players during the forecast period, primarily due to the rising geriatric population, increasing incidence of osteoporosis, increasing healthcare expenditure, and the growing number of hospitals and clinics in their respective healthcare systems.
Competitive landscape
Some of the prominent players operating in this market are GE Healthcare (US), Hologic, Inc. (US), OSI Systems, Inc. (US), Diagnostic Medical Systems Group (France), Swissray Global Healthcare Holding, Ltd. (Taiwan), BeamMed, Ltd. (Israel), Echolight S.p.A (Italy), Scanflex Healthcare AB (Sweden), Medonica Co., Ltd. (South Korea), and Eurotec Systems S.r.l (Italy).
Premium Insights
- Increasing Prevalence of Osteoporosis to Drive the Market for Bone Densitometers
- Osteoporosis & Osteopenia Diagnosis Segment Dominated the Asia-Pacific Bone Densitometers Market in 2021
- China to Witness the Highest Growth in the Bone Densitometers Market from 2022 to 2027
- Asia-Pacific to Register the Highest CAGR During the Forecast Period (2022-2027)
- Developing Countries to Register Higher Growth Rates During the Forecast Period
Market Dynamics
Market Drivers
- Rising Incidence of Osteoporosis
- Growing Geriatric Population
- Rising Prevalence of Kidney Disease
Market Restraints
- High Cost of Bone Densitometers
Market Opportunities
- Growth Opportunities in Emerging Markets
Market Challenges
- Lack of Access to Diagnostics
- Unfavorable Reimbursement Scenario
- Hospital Budget Cuts
Assessment of COVID-19 Impact on the Economic Scenario of the Bone Densitometers Market
Company Profiles
Key Players
- GE Healthcare
- Hologic, Inc.
- Osi Systems, Inc.
- Diagnostic Medical Systems Group
- Swissray Global Healthcare Holding, Ltd.
- Beammed, Ltd.
- Echolight S.P.A
- Scanflex Healthcare Ab
- Medonica Co., Ltd.
- Eurotec Medical Systems S.R.L.
Other Players
- Ampall Co., Ltd.
- L'Acn L'Accessorio Nucleare S.R.L
- Shenzhen Xray Electric Co., Ltd.
- Yozma Bmtech Co., Ltd.
- Nanoomtech Co., Ltd.
- Osteosys Corporation
- Furuno Electric Co., Ltd.
- Xianyang Kanrota Digital Ultrasound System, Co., Ltd.
- Xingaoyi Co., Ltd.
- Anjue Medical Equipment Co., Ltd.
- Guangzhou Medsinglong Medical Equipment Co., Ltd.
- Trivitron Healthcare
- Oscare Medical Oy
- Cyberlogic, Inc.
- Nanjing Kejin Industrial Co., Ltd.
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