Global Bone Densitometer Devices Market- Market Overview:

The Global Bone Densitometer Devices market is expected to grow from USD 100 million in 2021 to USD 147.7million by 2029, at a CAGR of 5% during the Projection period 2022-2029. The growth of this market is mainly driven owing to the increasing development in healthcare sector.

By calculating the rate at which it absorbs ionising radiation, a bone densitometer calculates the amount of bone and minerals present in a specific area of the skeleton. A process whereby the bone is exposed to two distinct energies of x-rays to determine the amount of calcium and other minerals present. Bone densitometry, which often examines the lower spine, hip, lower arm, wrist, fingers, and heel, reveals the strength and thickness of a bone. It is used to identify osteoporosis, a disorder marked by low bone density, to assess how effectively treatment for osteoporosis is working, and to Projection the likelihood that bones may shatter. Bone densitometry also assesses the amount of fat and muscle in particular body regions, including the arms, legs, and pelvis. Also known as a DEXA scan, a dual energy x-ray absorptiometry, a BMD scan, and a DXA scan. An improved version of X-ray technology used to measure bone mineral density is called bone densitometry equipment (BMD). In order to measure bone loss, it creates images of the interior of the body, such as the hips and lower spine, using a modest amount of ionising radiation.

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Market Dynamics:

Drivers:                          

• Increase in Number of Low Bone Density Problems

The rising incidence of osteoporosis is one of the factors propelling the market for bone densitometers devices. Globally, the illness affects 21.2% of women in the same age group and 6.3% of men over 50. This has spurred the expansion of the global market for bone densitometers.

• Increase in Number of Senior Citizens

The market for bone densitometer devices is also growing as a result of the ageing population, which is increasingly susceptible to diseases of the bones. According to the Globe Health Organization, between 2015 and 2050, the proportion of people in the world who are 60 or older will rise from 12% to 22%, along with an increase in the frequency of fragility fractures, which propels the sector forward.

• Technological Advancement

The market is anticipated to have a positive future due to a number of other variables, including advancements in 3D bone density scans, DXA scanners that have allowed for better and more accurate diagnosis, and greater spending to upgrade the current healthcare infrastructure.

Restraints:                                             

• Lack of Professionals

Lack of experienced professionals hamper the market for bone densitometer devices. If the device is handled by non-professionals, they can cause errors by installing the equipment improperly, not taking required training and education, by calculating false readings, and more. As per Lewiecki around 45 % of technologist and 71 % of clinicians note wrong interpretation once a month minimum. These factors lead to non-compliance with regulatory norms due to which the bone densitometer market is hampered.

Opportunities:

• Rising Awareness

The market for bone densitometers will have tremendous room to grow as a result of expanding economies and peoples' constantly changing lifestyles. The bone densitometer market is expected to generate more than $20 million in sales in China by 2027, and more than $17 million in India.

• Emerging Economies

Future market demand is also anticipated to be boosted by emerging market trends, many osteoporosis awareness campaigns run by NGOs, and numerous journals of clinical densitometry (j clin densitometry) produced by numerous publishers globally.

Challenges                                     

• High Cost of Equipment

Bone densitometer devices are expensive. Owing to their high cost the deployment of these devices is not suitable in developing or underdeveloped regions such as Uzbekistan, Kazakhstan, and other which is likely to impede the market during the Projection period.

Segmentation Analysis:

The global bone densitometer devices market has been segmented based on technology, end-use, and regions.

By Technology

The technology segment is DEXA, QCT, axial bone densitometry, peripheral bone densitometry, and others. The axial bone densitometry segment led the largest share of the bone densitometer devices market with a market share of around 27.3% in 2021. Due to the widespread use of densitometers based on this technology, the segment is expanding. The growing adoption rate can be attributed to axial bone densitometers' ability to meet a variety of clinical needs. These mostly consist of equipment based on central dual energy x-ray absorptiometry, which are essential to obtaining precise results in diagnostic operations. Bone densitometers are also thought to be very cost-effective and to have the best linearity, sensitivity, and precision, which guarantees the least amount of performance variance. It is anticipated that the aforementioned advantages will play a significant role in motivating physicians to utilise them.

By End Use                                                                                       

The end use includes clinics, hospitals, and others. The Hospital segment led the bone densitometer devices market with a market share of around 38.05% in 2021. The large patient volume and frequent readmissions are credited with the segment's expansion. Additionally, the presence of advanced infrastructure supports great efficiency in bone densitometer-based diagnostic processes, increasing the proportion of hospitals. One of the main reasons for the significant share of the market is the growing propensity of government healthcare institutions to push sophisticated diagnostic tools that produce quick findings. Additionally, in the current environment, hospitals are using fully automated technologies that can detect this illness early on more and more. In addition, it is anticipated that the sum of these elements will positively affect category growth in the upcoming years.

By Regional Analysis:

The regions analyzed for the bone densitometer devices market include North America, Europe, South America, Asia Pacific, the Middle East, and Africa. The North America region dominated the Bone Densitometer Devices market and held the 40% share of the market revenue in 2021.

• North America region held largest market share. The demand is anticipated to increase throughout the region as a result of several cooperative initiatives made by well-known businesses in this area to enhance their R&D capabilities and uphold high medical standards. The fact that this region has a significant illness load (osteoporosis) contributes to the majority share it has captured.
• Asia Pacific is likely to witness significant growth during the predicted period. High demand to stop the rising prevalence, rising disposable income, and infrastructure upgrades in healthcare institutions are projected to contribute to this rise. Growing interest in osteoporosis treatment in developing nations like China and India will also likely create room for expansion in the bone densitometer market in the future.

Global Bone Densitometer Devices Market- Country Analysis:

• Germany

Germany's bone densitometer devices market size was valued at USD 8.41 million in 2021 and is expected to reach USD 10.32 million by 2029, at a CAGR of 2.6% from 2022 to 2029. The primary driver of demand in the German market is the rise in demand from end users, including hospitals and clinics. Due to the fast accessibility of DXA scans and the country's favourable reimbursement regulations, the market is expanding in the country, making it a profitable one for bone densitometer equipment. The market for bone densitometer devices is anticipated to grow in the coming years as a result of numerous NGOs' activities to raise awareness of osteoporosis in this area.

• China

China Bone Densitometer Devices’ market size was valued at USD 15.12 million in 2021 and is expected to reach USD 21.1 million by 2029, at a CAGR of 4.3% 2022 to 2029. The demand for reliable, cutting-edge healthcare has grown in China. On the back of rising device usage among patients over 50 and among female patients worldwide, bone densitometer device growth is anticipated to expand.

• India

India's Bone Densitometer Devices market size was valued at USD 12.96 million in 2021 and is expected to reach USD 17.7 million by 2029, at a CAGR of 4% from 2022 to 2029.  Due to the increased attention being paid to osteoporosis in this region, the bone densitometer market in India is expanding. Due to the increasing realization and accessibility of bone densitometers, the adoption of cutting-edge technology, and the rising investment from both public and private organizations for research activities, India is predicted to have the highest growth rate over the Projection period.

Key Industry Players Analysis:                                                     

To increase their market position in the global Bone Densitometer Devices business, top companies focus on tactics such as adopting new technology, mergers & acquisitions, product developments, collaborations, partnerships, joint ventures, etc.

• Nanjing Kejin Industrial Co. Ltd
• YOZMA BMTech Co. Ltd.
• Scanflex Healthcare AB
• Medonica Co. Ltd.
• GE Healthcare
• Oscare Medical Oy
• OSI Systems Inc.
• Diagnostic Medical Systems Group
• Swissray Global Healthcare Holding Ltd.
• Echolight S.P.A
• BeamMed Ltd.
• Hologic Inc.
• Trivitron Healthcare
• Anjue Medical Equipment
• CyberLogic Inc.
• Eurotec Systems S.r.l
• Ampall Co. Ltd.

Latest Development:

• In March 2022, The Bone Density Matched DEXA-C Cervical Interbody Fusion Device was first implanted by Aurora Spine Corporation. The DEXA-C implant from Aurora Spine heralds a new era in specialised spine surgery. Even in healthy individuals, this customization lessens implant subsidence and hastens fusion. It will increase older patients' access to spinal surgery.
• In July 2021, The contract with DMS Imaging was extended due to the white-label production of the FUJIFILM Healthcare Group. It has expanded to Africa and the Middle East after a prior distribution arrangement for its bone densitometry range in Europe.

Report Metrics

Report Attribute	Details
Study Period	2021-2029
Base year	2021
CAGR (%)	5%
Market Size	100 million in 2021
Projection period	2022-2029
Projection unit	Value (USD)
Segments covered	By Technology, By End-User, and Region.
Report Scope	Revenue Projection, competitive landscape, company ranking, growth factors, and trends
Companies covered	Nanjing Kejin Industrial Co. Ltd, YOZMA BMTech Co. Ltd., Scanflex Healthcare AB, Medonica Co. Ltd., GE Healthcare, Oscare Medical Oy, OSI Systems Inc., Diagnostic Medical Systems Group, Swissray Global Healthcare Holding Ltd., Echolight S.P.A, BeamMed Ltd., Hologic Inc., Trivitron Healthcare, Anjue Medical Equipment, CyberLogic Inc., Eurotec Systems S.r.l, Ampall Co. Ltd, among others
By Technology	DEXA QCT Axial Bone Densitometry Peripheral Bone Densitometry Others
By End-User	Hospitals Clinics Others
Regional scope	North America Europe Asia-Pacific South America Middle East and Africa

Scope of the Report

Global Bone Densitometer Devices Market by Technology:

• DEXA
• QCT
• Axial Bone Densitometry
• Peripheral Bone Densitometry
• Others

Global Bone Densitometer Devices Market by End-User:

• Clinics
• Hospitals
• Others

Global Bone Densitometer Devices Market by Region:

• North America
  • USA
  • Canada
  • Mexico
• Europe
  • Germany
  • France
  • UK
  • Italy
  • Spain
  • Russia
• Asia-Pacific
  • Japan
  • China
  • India
  • Korea
  • Southeast Asia
• South America
  • Brazil
  • Peru
• Middle East and Africa
  • UAE
  • South Africa
  • Saudi Arabia

Political Factors- In this domain, political factors directly affect healthcare expenditures. These include adjustments to insurance laws and medical practices. Consider the Medicare and Medicaid programmes, government expenditures and hiring practices. The political environment's impact on how the healthcare sector operates is always evolving, largely due to changing governmental regulations. Many economies have taken action to cut back on spending in the health sector globally. Political factors, such as changing tax laws, employment restrictions, consumer protection laws, and insurance requirements, may impact the healthcare industry. Additionally, strikes by medical professionals over wage disparities and modifications to legislation governing the import of medicines are inherently political issues that impact healthcare practitioners. Changes in tax law have a big impact on how much money the government spends on healthcare.

Economical Factors- When focusing on the economic ramifications, consider how unemployment and inflation affect people's capacity to pay for insurance and medical expenses. As a result, these traits directly affect how efficiently healthcare organisations and other enterprises in the sector perform. Unemployment, interest rates, loan availability, and inflation are a few economic factors impacting the health care industry's profitability and operation. These economic changes may strongly impact the spending decisions of firms and consumer purchase habits. For instance, a significant number of investors in the healthcare sector may be let down by rising interest rates. Similar to how diminishing customer purchasing power or rising unemployment would suggest they wouldn't use the products or services offered by healthcare businesses. Identifying the infrastructures that improve medical services and increase industrial investment makes sense.

Social Factor- The cultural beliefs and values of an individual have a significant influence on their use of healthcare services. Particularly in some societies, traditional techniques are preferred. Others seek out alternative medical treatments or natural cures. Socio-cultural factors focus on issues including gender preference, population ageing, and declining fertility as well as a particular client segment's beliefs, attitudes, and conventions. Understanding client culture is essential for organisations to avoid surrendering their values and ideals. For example, more and more people are turning to natural remedies to cure conditions like fever, the flu, and headaches. By understanding the justification behind this approach, healthcare professionals can provide these patients with better treatment.

Technological Factors- The development of cutting-edge technical solutions may result in expenses for the healthcare industry. Healthcare costs are directly affected. Healthcare facilities also need to focus on teaching staff members how to use modern technology. Medical firms engage in two activities: healthcare distribution and technological solutions. For instance, a power wheelchair makes it simple for those with disabilities to move about their residences, workplaces, and communities. The adoption of technological healthcare solutions can be encouraged by using improvements in technology as marketing strategies. In fact, technology advancements present healthcare organisations with enormous growth opportunities. The development of computer applications may enable patients to receive therapy or care more swiftly than in the past. Now, several healthcare companies offer apps that link patients and doctors. Many healthcare organisations also let patients email or chat with doctors about their conditions.

Environmental Factors- Healthcare facilities should always improve their waste management practices. The objective is to address the environmental concerns of the populace specifically. They should therefore include such initiatives in their strategic planning as a result. The fundamental purpose of healthcare is undercut by how the system degrades the environment in ways that harm health. For instance, the healthcare sector contributes significantly to the world's emissions of greenhouse gases, dangerous particulate matter (air particles), nitrogen oxides, and sulphur dioxide, which total 4.4%, 2.8%, 3.4%, and 4.6%, respectively.

Legal Factors- Finally, it is important to discuss tax regulations in this section as they relate to healthcare companies. In particular, the latter should adhere to the relevant rules that regulate the sector. The following significant topics are covered: labour legislation, consumer protection, organ transplantation, health insurance, medical abortion, pre-conception, and pre-natal diagnosis. Healthcare law aims to protect patients from errors, fraud, and system abuse. Additionally, it defends their legal rights, including their privacy rights. Inform one of their rights and obligations: Laws governing healthcare define one's position's boundaries.

1. Introduction
   • 1. Objectives of the Study
   • 2. Market Definition
   • 3. Research Scope
2. Research Methodology and Assumptions
3. Executive Summary
4. Premium Insights
   • 1. Porter’s Five Forces Analysis
   • 2. Value Chain Analysis
   • 3. Top Investment Pockets
     • 3.1. Market Attractiveness Analysis By Technology
     • 3.2. Market Attractiveness Analysis By End-User
     • 3.3. Market Attractiveness Analysis By Region
   • 4. Industry Trends
5. Market Dynamics
   • 1. Market Evaluation
   • 2. Drivers
     • 2.1. Increase in the Number of Senior Citizens
   • 3. Restraints
     • 3.1. Lack of professionals
   • 4. Opportunities
     • 4.1. Rising Awareness
   • 5. Challenges
     • 5.1. High cost of equipment

6. Global Bone Densitometer Devices Market Analysis and Projection, By Technology
   • 1. Segment Overview
   • 2. DEXA
   • 3. QCT
   • 4. Axial Bone Densitometry
   • 5. Peripheral Bone Densitometry
   • 6. Others
7. Global Bone Densitometer Devices Market Analysis and Projection, By End-User
   • 1. Segment Overview
   • 2. Hospitals
   • 3. Clinics
   • 4. Others
8. Global Bone Densitometer Devices Market Analysis and Projection, By Regional Analysis
   • 1. Segment Overview
   • 2. North America
     • 2.1. U.S.
     • 2.2. Canada
     • 2.3. Mexico
   • 3. Europe
     • 3.1. Germany
     • 3.2. France
     • 3.3. U.K.
     • 3.4. Italy
     • 3.5. Spain
   • 4. Asia-Pacific
     • 4.1. Japan
     • 4.2. China
     • 4.3. India
   • 5. South America
     • 5.1. Brazil
   • 6. Middle East and Africa
     • 6.1. UAE
     • 6.2. South Africa

9. Global Bone Densitometer Devices Market-Competitive Landscape
   • 1. Overview
   • 2. Market Share of Key Players in the Bone Densitometer Devices Market
     • 2.1. Global Company Market Share
     • 2.2. North America Company Market Share
     • 2.3. Europe Company Market Share
     • 2.4. APAC Company Market Share
   • 3. Competitive Situations and Trends
     • 3.1. Product Launches and Developments
     • 3.2. Partnerships, Collaborations, and Agreements
     • 3.3. Mergers & Acquisitions
     • 3.4. Expansions

10. Company Profiles
    • Nanjing Kejin Industrial Co. Ltd
      • 1.1. Business Overview
      • 1.2. Company Snapshot
      • 1.3. Company Market Share Analysis
      • 1.4. Company Product Portfolio
      • 1.5. Recent Developments
      • 1.6. SWOT Analysis
    • YOZMA BMTech Co. Ltd.
      • 2.1. Business Overview
      • 2.2. Company Snapshot
      • 2.3. Company Market Share Analysis
      • 2.4. Company Product Portfolio
      • 2.5. Recent Developments
      • 2.6. SWOT Analysis
    • Scanflex Healthcare AB
      • 3.1. Business Overview
      • 3.2. Company Snapshot
      • 3.3. Company Market Share Analysis
      • 3.4. Company Product Portfolio
      • 3.5. Recent Developments
      • 3.6. SWOT Analysis
    • Medonica Co. Ltd.
      • 4.1. Business Overview
      • 4.2. Company Snapshot
      • 4.3. Company Market Share Analysis
      • 4.4. Company Product Portfolio
      • 4.5. Recent Developments
      • 4.6. SWOT Analysis
    • GE Healthcare
      • 5.1. Business Overview
      • 5.2. Company Snapshot
      • 5.3. Company Market Share Analysis
      • 5.4. Company Product Portfolio
      • 5.5. Recent Developments
      • 5.6. SWOT Analysis
    • Oscare Medical Oy
      • 6.1. Business Overview
      • 6.2. Company Snapshot
      • 6.3. Company Market Share Analysis
      • 6.4. Company Product Portfolio
      • 6.5. Recent Developments
      • 6.6. SWOT Analysis
    • OSI Systems Inc.
      • 7.1. Business Overview
      • 7.2. Company Snapshot
      • 7.3. Company Market Share Analysis
      • 7.4. Company Product Portfolio
      • 7.5. Recent Developments
      • 7.6. SWOT Analysis
    • Diagnostic Medical Systems Group
      • 8.1. Business Overview
      • 8.2. Company Snapshot
      • 8.3. Company Market Share Analysis
      • 8.4. Company Product Portfolio
      • 8.5. Recent Developments
      • 8.6. SWOT Analysis
    • Swissray Global Healthcare Holding Ltd.
      • 9.1. Business Overview
      • 9.2. Company Snapshot
      • 9.3. Company Market Share Analysis
      • 9.4. Company Product Portfolio
      • 9.5. Recent Developments
      • 9.6. SWOT Analysis
    • Echolight S.P.A
      • Business Overview
      • Company Snapshot
      • Company Market Share Analysis
      • Company Product Portfolio
      • Recent Developments
      • SWOT Analysis

List of Table

1. Global Bone Densitometer Devices Market, By Technology, 2021–2029 (USD Billion)
2. Global DEXA, Bone Densitometer Devices Market, By Region, 2021–2029 (USD Billion)
3. Global QCT, Bone Densitometer Devices Market, By Region, 2021–2029 (USD Billion)
4. Global Axial Bone Densitometry, Bone Densitometer Devices Market, By Region, 2021–2029 (USD Billion)
5. Global Peripheral Bone Densitometry, Bone Densitometer Devices Market, By Region, 2021–2029 (USD Billion)
6. Global Others, Bone Densitometer Devices Market, By Region, 2021–2029 (USD Billion)
7. Global Bone Densitometer Devices Market, By End-User, 2021–2029 (USD Billion)
8. Global Hospitals, Bone Densitometer Devices Market, By Region, 2021–2029 (USD Billion)
9. Global Clinics, Bone Densitometer Devices Market, By Region, 2021–2029 (USD Billion)
10. Global Others, Bone Densitometer Devices Market, By Region, 2021–2029 (USD Billion)
11. Global Bone Densitometer Devices Market, By Region, 2021–2029 (USD Billion)
12. North America Bone Densitometer Devices Market, By Technology, 2021–2029 (USD Billion)
13. North America Bone Densitometer Devices Market, By End-User, 2021–2029 (USD Billion)
14. USA Bone Densitometer Devices Market, By Technology, 2021–2029 (USD Billion)
15. USA Bone Densitometer Devices Market, By End-User, 2021–2029 (USD Billion)
16. Canada Bone Densitometer Devices Market, By Technology, 2021–2029 (USD Billion)
17. Canada Bone Densitometer Devices Market, By End-User, 2021–2029 (USD Billion)
18. Mexico Bone Densitometer Devices Market, By Technology, 2021–2029 (USD Billion)
19. Mexico Bone Densitometer Devices Market, By End-User, 2021–2029 (USD Billion)
20. Europe Bone Densitometer Devices Market, By Technology, 2021–2029 (USD Billion)
21. Europe Bone Densitometer Devices Market, By End-User, 2021–2029 (USD Billion)
22. Germany Bone Densitometer Devices Market, By Technology, 2021–2029 (USD Billion)
23. Germany Bone Densitometer Devices Market, By End-User, 2021–2029 (USD Billion)
24. France Bone Densitometer Devices Market, By Technology, 2021–2029 (USD Billion)
25. France Bone Densitometer Devices Market, By End-User, 2021–2029 (USD Billion)
26. UK Bone Densitometer Devices Market, By Technology, 2021–2029 (USD Billion)
27. UK Bone Densitometer Devices Market, By End-User, 2021–2029 (USD Billion)
28. Italy Bone Densitometer Devices Market, By Technology, 2021–2029 (USD Billion)
29. Italy Bone Densitometer Devices Market, By End-User, 2021–2029 (USD Billion)
30. Spain Bone Densitometer Devices Market, By Technology, 2021–2029 (USD Billion)
31. Spain Bone Densitometer Devices Market, By End-User, 2021–2029 (USD Billion)
32. Asia Pacific Bone Densitometer Devices Market, By Technology, 2021–2029 (USD Billion)
33. Asia Pacific Bone Densitometer Devices Market, By End-User, 2021–2029 (USD Billion)
34. Japan Bone Densitometer Devices Market, By Technology, 2021–2029 (USD Billion)
35. Japan Bone Densitometer Devices Market, By End-User, 2021–2029 (USD Billion)
36. China Bone Densitometer Devices Market, By Technology, 2021–2029 (USD Billion)
37. China Bone Densitometer Devices Market, By End-User, 2021–2029 (USD Billion)
38. India Bone Densitometer Devices Market, By Technology, 2021–2029 (USD Billion)
39. India Bone Densitometer Devices Market, By End-User, 2021–2029 (USD Billion)
40. South America Bone Densitometer Devices Market, By Technology, 2021–2029 (USD Billion)
41. South America Bone Densitometer Devices Market, By End-User, 2021–2029 (USD Billion)
42. Brazil Bone Densitometer Devices Market, By Technology, 2021–2029 (USD Billion)
43. Brazil Bone Densitometer Devices Market, By End-User, 2021–2029 (USD Billion)
44. Middle East and Africa Bone Densitometer Devices Market, By Technology, 2021–2029 (USD Billion)
45. Middle East and Africa Bone Densitometer Devices Market, By End-User, 2021–2029 (USD Billion)
46. UAE Bone Densitometer Devices Market, By Technology, 2021–2029 (USD Billion)
47. UAE Bone Densitometer Devices Market, By End-User, 2021–2029 (USD Billion)
48. South Africa Bone Densitometer Devices Market, By Technology, 2021–2029 (USD Billion)
49. South Africa Bone Densitometer Devices Market, By End-User, 2021–2029 (USD Billion)

List of Figures 

1. Global Bone Densitometer Devices Market Segmentation
2. Bone Densitometer Devices Market: Research Methodology
3. Market Size Estimation Methodology: Bottom-Up Approach
4. Market Size Estimation Methodology: Top-Down Approach
5. Data Triangulation
6. Porter’s Five Forces Analysis
7. Value Chain Analysis
8. Global Bone Densitometer Devices Market Attractiveness Analysis By Technology
9. Global Bone Densitometer Devices Market Attractiveness Analysis By End-User
10. Global Bone Densitometer Devices Market Attractiveness Analysis By Region
11. Global Bone Densitometer Devices Market: Dynamics
12. Global Bone Densitometer Devices Market Share By Technology (2021 & 2029)
13. Global Bone Densitometer Devices Market Share By End-User (2021 & 2029)
14. Global Bone Densitometer Devices Market Share by Regions (2021 & 2029)
15. Global Bone Densitometer Devices Market Share by Company (2020)