Friday 27 May 2022

At a CAGR of 4.2%, Global Bone Densitometer Market reaching a valuation of USD 57.42bn by 2030

 The global bone densitometer market is expected to exhibit growth at a CAGR of 4.2% from 2021 to 2030, reaching a valuation of USD 57.42bn by 2030.

Rising cases of osteopenia and the risk of developing post the age of 50 are driving the market.

ResearchMoz shares a comprehensive report on the global bone densitometer market inclusive of size, competitive edge, regional growth, threats and opportunities.

Bone Health Awareness Drives the Bone Densitometer Market

According to the American Osteoporosis Foundation, about 10 million people are affected by osteoporosis in the United States. It makes the bones fragile and results in fractures without even any symptoms. The risk of developing osteoporosis increases with age, lately, there has been a good awareness being spread about it from healthcare associations. This growing awareness and increasing importance being given to bone health are leading to the expansion of the global bone densitometer market. BMD measurement is necessary for diagnosing osteoporosis and osteopenia. It provides detailed images of the bones and depicts any structural abnormalities or defects in the bones.

Product Approvals to Bolsters Demand

Increasing product approvals from FDA are leading to the growing demand for bone densitometers. The increasing importance of healthcare and technological advancements has led to improved products such as DEXA scan, which are further resulting in the higher demand for bone densitometers.

The high cost of this equipment and devices may impede the market during the forecast period.

However, increasing healthcare expenditure is the major driving force in the growth of this market.

Analysts’ Views

  • The adoption of bone densitometer is growing due to its use in various orthopaedic treatments and diagnoses.
  • Ultrasound densitometers are gaining traction owing to their comparative advantage over conventional methods.
  • The risk of developing osteopenia and osteoporosis is driving the market majorly.
  • The increasing geriatric population base is the primary driver for the growth of this market.
  • The continuous technology advancement in blood densitometers is helping this market to grow significantly.

The market is also propelled by technological advancements, growth in awareness about bone densitometry, rising government initiatives and subsidies for the same, an increasing number of R&D activities and the presence of a large number of new players

Regional Overview

Asia Pacific market will grow significantly due to the growing patient pool and improved healthcare facilities in developing countries. Growing awareness and expenditure toward bone health are factors driving the growth of this region.

Competitive Landscape

ResearchMoz shares a detailed market analysis of the global bone densitometer market including the market strategies adopted by the key players.

In a bid to gain a competitive edge in the bone densitometer market, a number of players have been focusing on product launches, mergers & acquisitions and partnerships. The bone densitometer market is marked by intense competition among established players as well as new entrants. These companies are adopting strategies such as product launches, mergers & acquisitions and partnerships to enhance their product portfolios and strengthen their market positions.

The prominent players in the market include

  • DMS Imaging
  • Swissray International, Inc.
  • Xingaoyi Medical Equipment Co. Ltd.
  • Eurotec Medical Systems srl
  • Scanflex Healthcare AB
  • Trivitron Healthcare
  • Medonica Co. LTD
  • OsteoSys Corp
  • CyberLogic, Inc.
  • MEDILINK
  • Osteometer MediTech
  • CompuMed, Inc.
  • Echolight S.p.a.
  • Eurotec Medical Systems SRL.

Download FREE Report Sample (PDF with Insights, Charts, Tables, Figures) at: https://www.researchmoz.us/request-free-sample/?reportid=566

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