The report "Global Bone Densitometer" Market by Type (Axial Bone Densitometers, Peripheral Bone Densitometers), Technology (Quantitative Ultrasound (QUS), Dual Energy X-Ray Absorptiometry (DEXA), Absorptiometry (DXA), Peripheral Dual Energy X-Ray, Others), End-user (Hospitals, Clinics, Other Medical Facilities) and Regional (North America, Europe, APAC, and LAMEA)- Global Forecast to 2030. " In 2020, the Global Bone Densitometer Market share was USD 300 million. It is predicted to reach USD 449 million by 2030, with a CAGR of 4.11 % throughout the forecasted period.
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KEY FACTORS AUGMENTING THE MARKET GROWTH
The rising incidence of osteoporosis, heavy emphasis on research and development, the ever-increasing senior population, and rising investment in healthcare infrastructure are some of the primary drivers of the global bone densitometer market throughout the estimated time frame of 2020-2030.
By Type, the 'Axial Bone Densitometry' segment holds the most significant share of the market.
Because of the extensive usage of densitometers based on this approach, axial bone densitometry has a considerable market share. Furthermore, because orthopaedic patients are prevalent, the increased adoption rate might be attributed to axial bone densitometers that match numerous clinical requirements.
By Technology, Dual Energy X-Ray Absorptiometry accounted for the maximum share of the market in 2020
As per technology, the Dual Energy X-Ray Absorptiometry (DXA Or Dexa) sector controlled more than half of the global bone densitometers market in 2020. Furthermore, it is anticipated to expand at a rate of 4.3 % from 2021 to 2030, increasing the global incidence of orthopaedic disease. In axial bone densitometry, DEXA bone density is the most widely used to evaluate the bone density in the body.
By End-users, the "Hospital" segment holds the maximum share of the market.
Based on end-users, the most profitable sector is projected to be hospitals. However, the industry is predicted to grow fast due to an increase in diagnostic centres. The clinic category is expected to grow at a CAGR of 4.3 % from 2021 to 2030; however, orthopaedic clinics will install fewer bone densitometer devices due to increased instrument prices.
By Region, North America comprehensively led the market in terms of revenue.
Based on region, with a market valuation of more than US$ 150 million and a global revenue share of more than 50% by 2026, North America is the fastest-growing market, with a CAGR of 3.6 % throughout the forecast period. The market is growing due to significant competitors throughout North America and the solid infrastructure offered for development activities in the region. However, due to a rise in healthcare investments and R&D activities for new product releases in the province, Asia-Pacific is anticipated to expand at the fastest pace of 5.3 % from 2021 to 2030.
SOME OF THE CRUCIAL EXISTING MARKET PLAYERS:
Below mentioned players are the ones who are the market leaders of Global Bone Densitometer - Nanjing Kejin Industrial Co. Ltd, GE Healthcare, Oscare Medical Oy, Hologic Inc., Trivitron Healthcare, OSI Systems Inc., Diagnostic Medical Systems Group, Swissray Global Healthcare Holding Ltd., Echolight S.P.A., BeamMed Ltd., YOZMA BMTech Co. Ltd., Scanflex Healthcare AB, Medonica Co. Ltd., Anjue Medical Equipment, CyberLogic Inc., Eurotec Systems S.r.l, Ampall Co. Ltd., Xianyang Kanrota Digital Ultrasound System
Recent Developments: -