Market Overview In 2019, the global Bone Densitometer market achieved a valuation of USD 244.6 million and is projected to attain USD 338.8 million by 2027, exhibiting a Compound Annual Growth Rate (CAGR) of 4.1%. This diagnostic method utilizes minimal ionizing radiation to generate internal body images, enabling the identification of low bone density. The severity of complications, particularly fractures associated with osteoporosis, is pronounced, especially among the elderly population. Consequently, the industry's growth is anticipated due to the increasing elderly population prone to osteoporotic fractures.
As per the United Nations (UN), the number of individuals aged 80 and above is predicted to rise from 143 million in 2019 to 426 million by 2050. Osteoporosis is a global concern driven by factors such as a decline in lifestyle quality and insufficient calcium intake in children and women. This trend is expected to significantly boost the industry. Osteoporosis predominantly affects menopausal women, further contributing to industry growth.
Get a sample copy of the Bone Densitometer Market report: https://www.reportsanddata.com/download-free-sample/2776
In 2019, North America dominated the market share regionally, driven by a decrease in lifestyle quality and the presence of major industry players. The Asia Pacific region is undergoing significant growth, fueled by its large population and a rising elderly demographic. Nevertheless, challenges for the industry include the high cost of bone densitometers and limited awareness about these technologies. Additionally, government health benefit programs could hinder future industry expansion.
Applications Outlook: In 2019, the Osteoporosis and Osteopenia segment dominated the market. Factors such as the increasing prevalence of osteoporosis globally, favorable government initiatives, rising awareness about bone density, and women's health awareness programs are major contributors to market growth.
Body composition measurement is projected to register the highest CAGR based on applications, driven by the increasing prevalence of global obesity, lifestyle diseases related to fats/cholesterol, and the adoption of a healthy diet.
Regional Outlook: North America led the bone densitometer market in 2019 with a forecasted CAGR of 3.9%, attributed to a higher rate of obesity, favorable government initiatives, and the adoption of advanced technologies.
The Asia Pacific is expected to contribute substantially to growth due to increased osteoporosis prevalence, growing women's health concerns, and a rising elderly population in the region.
Market-O-Nomics: The North America regional segment held the largest market share in the Bone Densitometer industry in 2019 at 34.7%. The DXA technology segment is projected to reach USD 109.38 million by 2027, showing significant growth.
Quantitative computed tomography is expected to grow at a high CAGR of 3.7%, valued at USD 65.0 million in 2019.
The osteoporosis and osteopenia segment is expected to grow with a CAGR of 3.8% during the forecast period.
Europe occupied 29.6% of the industry in 2019 and is expected to grow further.
The Asia-Pacific segment is anticipated to be the highest-growing segment during 2020-2027, with a CAGR of 4.8%.
Companies Considered and Profiled in the Market Study: Key players in the global bone densitometer 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.
For this report, Reports and Data segmented the Bone Densitometer market based on 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
- UK
- Spain
- Italy
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- Rest of Asia-Pacific
- Middle East & Africa
- Latin America
- Brazil
Explore Trending Reports:
Release Agents Market-https://www.globenewswire.com/news-release/2019/04/23/1808161/0/en/Release-Agents-Market-To-Reach-USD-1-40-Billion-By-2026-Reports-And-Data.html
Cellulose Ether Market-https://www.globenewswire.com/news-release/2019/07/18/1884739/0/en/Cellulose-Ether-Market-To-Reach-USD-8-68-Billion-By-2026-Reports-And-Data.html
Request a customization of the report: https://www.reportsanddata.com/request-customization-form/2776
Thank you for reading our report. To know more about the customization or any query about the report contents, please connect with us and our team will ensure the report is tailored to meet your requirements.
About Reports and Data
Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyse consumer behaviour shifts across demographics, across industries, and help clients to make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Products, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.
Contact Us:
John W
(Head of Business Development)
Reports and Data | Web: www.reportsanddata.com
Direct Line: +1-212-710-1370
E-mail: sales@reportsanddata.com
Blogs | Press Release | Industry News | Our competencies
Browse More Upcoming Reports @ https://www.reportsanddata.com/upcoming-reports
Browse More Latest Reports @ https://www.reportsanddata.com/report
Browse Latest Blogs: https://www.reportsanddata.com/blogs
Browse Latest Press Release: https://www.reportsanddata.com/press-release