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Global Bone Densitometer Market Report
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Global Bone Densitometer Market Report

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Global Bone Densitometer Market, By Type (Dual-Energy X-Ray Absorptiometry Scanners, Peripheral Bone Densitometers), By Application (Osteoporosis & Osteopenia Diagnosis, Chronic Kidney Disease Diagnosis, Cystic Fibrosis Diagnosis, Rheumatoid Arthritis Diagnosis, Body Composition Measurement), By End-User (Hospitals & Specialty Clinics, Diagnostic & Imaging Centers, Other End-Users), By Region (North America, Europe, Asia-Pacific (APAC), Latin America (LATAM), Middle-East & Africa (MEA) Trend Analysis, Competitive Market Share & Forecast, 2017-2027

  • Published Date: July 2021
  • Report ID: BWC21417
  • Available Format: PDF
  • Page: 152

Report Overview

Global Bone Densitometer Market- Industry Trends & Forecast Report 2027

The global bone densitometer market was worth USD 259.3 million in 2020 and is further projected to reach USD 356.2 million by the year 2027, growing at the CAGR of 4.8% in the forecast period. With the rising prevalence of osteoporosis and the increasing geriatric and obese population, the need for bone density checkups is also rising. As a result, the demand for bone densitometer market is surging rapidly in the hospitals and other healthcare facilities propelling the overall market growth.

                      

Source: BlueWeave Consulting

Global Bone Densitometer Market- Overview

A bone densitometer is a device which is an extended form of x-ray technology and is primarily used for measuring bone density. This device is primarily used to diagnose and track osteoporosis, a serious bone disease. This method measures bone mineral density to identify a fracture site with a lower mass than normal. Moreover, Bone densitometers are highly accurate and precise, which is why they are popular in healthcare facilities for various applications, such as detecting fracture risk and monitoring bone loss.

Global Bone Densitometer Market Forecast and Trends

Growth Drivers

Rising Prevalence of Osteoporosis

Increased prevalence of osteoporosis among older adults or post-menopausal women is significantly influencing the global market for bone densitometers. Because the bones are so weak, even a minor shock-like cough can cause a fracture, and most often there are no symptoms at all.  As a result, regular health check-up of bone to assess its density is often recommended. It has been estimated that more than 200 million people worldwide suffer from osteoporosis. Because of this factor, the global bone densitometer market is projected to gain significant traction in the forecast period.                                                                              

Technological Advancements in The Bone Densitometer

The innovation of bone densitometers for assessing bone density has assisted significantly in the diagnosis and monitoring of osteoporosis and the overall bone imaging field. The further developments in the bone densitometer have also expanded its capabilities in determining the differences in body minerals, fat tissue, and lean tissue, due to which its popularity and demand as a body composition tool has surged. The advancements from the pencil beam densitometers to the latest narrow fan beam densitometers are now offering faster scan time and better resolution.

Restraints

High Cost of Bone Densitometer

A bone densitometer of high-quality costs around USD 30,000. The high cost of bone densitometers may become a reason for hampering the growth of the market. The non-availability of sufficient reimbursement policies further restricts the market because of which many healthcare facilities resort to leasing or refurbished bone densitometers, which in turn affects the market revenue of the device manufacturers negatively. Furthermore, limited awareness regarding this device and its use, especially in developing countries further hampers the market growth.

Impact of COVID-19 on Global Bone Densitometer Market

COVID-19 and the pandemic situation affected the entire healthcare system in positive and negative ways. COVID-19 has had a severe impact on the global bone densitometer market. The number of DXA examinations declined significantly after the countries imposed a nationwide lockdown to curb the spread of the virus. The hospital facilities also set up certain social-distancing guidelines to ensure the safety of the patients and the staff. Furthermore, the outpatient activities were mostly on hold to ensure that the healthcare professionals were available exclusively for the COVID-19 patients. According to estimates, the revival of the bone densitometer market will be a slow process in the post-COVID-19 period.

Global Bone Densitometer Market - By Type

Based on type, the global bone densitometer market is categorized into dual-energy x-ray absorptiometry scanners and peripheral bone densitometers. The dual-energy x-ray absorptiometry segment accounts for the largest market share. This type of scanner is used for measuring bone mineral density using spectral imaging. This scanner is primarily used for osteoporosis tests. That is why its demand is very high in hospitals and other healthcare facilities. Furthermore, since the results garnered by the dual-energy x-ray absorptiometry scanners are highly accurate, the demand for this segment is rising significantly.

Global Bone Densitometer Market - By Application

Based on application, the global bone densitometer market is segmented into osteoporosis & osteopenia diagnosis, chronic kidney disease diagnosis, cystic fibrosis diagnosis, rheumatoid arthritis diagnosis, and body composition measurement. Among these, the bone densitometer is increasingly used for the diagnosis of osteoporosis. Therefore, the osteoporosis & osteopenia diagnosis segment dominates this market. It has been estimated that more than 200 million people suffering from osteoporosis worldwide. With healthcare facilities becoming more accessible to everyone, this segment is projected to flourish in the forecast period with a high CAGR.

Global Bone Densitometer Market - By End-User

Based on end-users, the global bone densitometer market is categorized into hospitals & specialty clinics, diagnostic & imaging centers, and other end users. The hospital segment accounts for the largest market share in terms of demand for bone densitometers. As a result of patient admission in the hospitals for osteoporosis diagnosis and treatment, bone density measuring instruments are in high demand. Another factor contributing to the growth of the global bone densitometer market is the increasing number of hospitals and other healthcare infrastructure in emerging economies.  

Global Bone Densitometer Market - Regional Insights

Geographically, the global bone densitometer market is segmented into North America, Europe, Asia-Pacific, Latin America, Middle-East & Africa. Among these, North America dominates the market because of the various R & D activities performed by major industry players. The stringent medical rules and regulations by the governments of countries like the US and Canada to maintain quality healthcare services further support the market growth. Furthermore, the rising prevalence of osteoporosis due to the increasing geriatric population in this region further supports the flourishing demand for bone densitometers.

Competitive Landscape

The leading market players of the global bone densitometer market are Quest Diagnostics, GE Healthcare, CompuMed, Inc., Hologic Inc., Osteometer MediTech, BeamMed Ltd., MEDILINK, Xingaoyi Co., Ltd., Swissray Global Healthcare Holding, Ltd., Yozma Bmtech Co., Ltd., L’acn L’accessorio Nucleare S.R.L, Nanoomtech Co., Ltd., Xianyang Kanrota Digital Ultrasound System, Co., Ltd., Diagnostic Medical Systems Group, OSI Systems, Inc., and other prominent players. The market is filled with several industry participants and is considered dense for the new entrants. To stay competitive, market players engage in R&D activities to advance their products and engage in product approvals and launches. Furthermore, the adoption of competitive strategies like partnerships, mergers & acquisitions, and joint ventures is also very prominent in this market.

Recent Development

  • In February 2021, Ecolight Medical, an Italian medical equipment manufacturer, joined the National Osteoporosis Foundation’s (NOF) Corporate Advisory Roundtable to take initiatives focusing on bone health and patient access to osteoporosis information and medical care.
  • In June 2021, Seattle-based high-tech Biomed company Ecolight Medical LLC announced the launch of the first portable, radiation-free bone density (BREMS) meter that will provide patients with bone health scores (including an assessment of bone microarchitecture) and an assessment of future fracture risk within minutes of examination.

Scope of the Report

Attributes Details
Years Considered Historical data – 2017-2020
Base Year – 2020
Forecast – 2021 – 2027
Facts Covered Revenue in USD Million
Market Coverage North America, Europe, the Asia-Pacific, Latin America, and the Middle East and Africa
Product Service/Segmentation By Type, By Application, By End User, By Region
Key Players Quest Diagnostics, GE Healthcare, CompuMed, Inc., Hologic Inc., Osteometer MediTech, BeamMed Ltd., MEDILINK, DMS Imaging, Swissray International, Inc., Lone Oak Medical Technologies LLC, Xingaoyi Co., Ltd., Swissray Global Healthcare Holding, Ltd., Eurotec Medical Systems S.R.L., Yozma Bmtech Co., Ltd., L’acn L’accessorio Nucleare S.R.L, Nanoomtech Co., Ltd., Xianyang Kanrota Digital Ultrasound System, Co., Ltd., Diagnostic Medical Systems Group, OSI Systems, Inc., and other prominent players.

 

By Type

  • Dual-Energy X-Ray Absorptiometry Scanners
  • Peripheral Bone Densitometers

Quantitative Ultrasound Scanners

Radiographic Absorptiometry Scanners

By Application

  • Osteoporosis & Osteopenia Diagnosis
  • Chronic Kidney Disease Diagnosis
  • Cystic Fibrosis Diagnosis
  • Rheumatoid Arthritis Diagnosis
  • Body Composition Measurement

By End User

  • Hospitals & Specialty Clinics
  • Diagnostic & Imaging Centers
  • Other End Users

By Region

  • North America
  • Europe
  • Asia-Pacific (APAC)
  • Latin America (LATAM)
  • Middle-East & Africa (MEA)

1.  Research Framework

1.1. Research Objective

1.2. Product Overview

1.3. Market Segmentation

2.    Research Methodology

2.1. Qualitative Research

2.1.1.   Primary and Secondary Sources

2.2. Quantitative Research

2.2.1.   Primary and Secondary Sources

2.3. Breakdown of Primary Research Respondents

2.3.1.   Secondary Research

2.3.2.   Primary Research

2.4. Breakdown of Primary Research Respondents, By Industry Participants

2.5. Key Questionnaire asked during Primary Interviews

2.6. Key Primary Responses

2.7. Market Size Estimation

2.8. Assumption for the Study

2.9. Market Breakdown & Data Triangulation

3.    Executive Summary

4.    Global Bone Densitometer Market – Industry Insights

4.1. DROC Analysis

4.1.1.   Growth Drivers

4.1.2.   Restraints

4.1.3.   Opportunity

4.1.4.   Challenges

4.2. Recent Developments / Technical Landscape

4.3. Regulatory Framework

4.4. Porter’s Five Forces Analysis

4.5. Value Chain Analysis

4.6. Strategic Outlook

5.    Global Bone Densitometer Market Overview

5.1. Market Estimates & Forecast by Value, 2020-2027

5.1.1.   By Value (USD Million)

5.2. Market Share & Forecast

5.2.1.   By Type

5.2.1.1. Dual-Energy X-Ray Absorptiometry Scanners

5.2.1.2. Peripheral Bone Densitometers

5.2.1.2.1.      Quantitative Ultrasound Scanners

5.2.1.2.2.      Radiographic Absorptiometry Scanners

5.2.2.   By  Application

5.2.2.1. Osteoporosis & Osteopenia Diagnosis

5.2.2.2. Chronic Kidney Disease Diagnosis

5.2.2.3. Cystic Fibrosis Diagnosis

5.2.2.4. Rheumatoid Arthritis Diagnosis

5.2.2.5. Body Composition Measurement

5.2.3.   By End User

5.2.3.1. Hospitals & Specialty Clinics

5.2.3.2. Diagnostic & Imaging Centers

5.2.3.3. Other End Users

5.2.4.   By Region

5.2.4.1. North America

5.2.4.2. Europe

5.2.4.3. Asia-Pacific (APAC)

5.2.4.4. Latin America (LATAM)

5.2.4.5. Middle-East & Africa (MEA)

6.    North America Bone Densitometer Market Overview

6.1. Market Size and Forecast

6.1.1.   By Value (USD Million), 2020-2027

6.2. Market Share and Forecast

6.2.1.   By Type

6.2.2.   By Application

6.2.3.   By End User

6.2.4.   By Country

6.2.4.1. U.S.

6.2.4.2. Canada

7.    Europe Bone Densitometer Market Overview

7.1.     Market Size and Forecast

7.1.1.   By Value (USD Million), 2020-2027

7.2.     Market Share and Forecast

7.2.1.   By Type

7.2.2.   By Application

7.2.3.   By End User

7.2.4.   By Country

7.2.4.1.   Germany

7.2.4.2.   U.K.

7.2.4.3.   France

7.2.4.4.   Italy

7.2.4.5.   Spain

7.2.4.6.   Russia

7.2.4.7.   Netherlands

7.2.4.8.   Rest of Europe

8.    APAC Bone Densitometer Market Overview

8.1.     Market Size and Forecast

8.1.1.   By Value (USD Million), 2020-2027

8.2.     Market Share and Forecast

8.2.1.   By Type

8.2.2.   By Application

8.2.3.   By End User

8.2.4.   By Country

8.2.4.1.   China

8.2.4.2.   India

8.2.4.3.   Japan

8.2.4.4.   South Korea

8.2.4.5.   Rest of APAC

9.    LATAM Bone Densitometer Market Overview

9.1.     Market Size and Forecast

9.1.1.   By Value (USD Million), 2020-2027

9.2.     Market Share and Forecast

9.2.1.   By Type

9.2.2.   By Application

9.2.3.   By End User

9.2.4.   By Country

9.2.4.1.   Mexico

9.2.4.2.   Brazil

9.2.4.3.   Rest of LATAM

10.MEA Bone Densitometer Market Overview

10.1.   Market Size and Forecast

10.1.1.                By Value (USD Million), 2020-2027

10.2.   Market Share and Forecast

10.2.1.                By Type

10.2.2.                By Application

10.2.3.                By End User

10.2.4.                By Country

10.2.4.1.              Saudi Arabia

10.2.4.2.              UAE

10.2.4.3.              South Africa

10.2.4.4.              Rest of Europe

11.Competitive Landscape

11.1.1.                List of Key Players and Their Offerings

11.1.2.                Market Share / Ranking Analysis (2020)

11.1.3.                Competitive Benchmarking, By Operating Parameters

12.COVID-19 Impact

12.1.             Future Impact

12.2.             Key Developments during COVID-19

12.3.             Impact on Market

12.3.1.                Different Scenario

12.3.2.                Impact on Companies

12.4.             Regional Impact

13.Company Profiles (Company Overview, Financial Matrix, Key Product landscape, Key Personnel, Key Competitors, Contact Address, and Strategic Outlook)

13.1.             Quest Diagnostics

13.2.             GE Healthcare

13.3.             CompuMed, Inc.

13.4.             Hologic Inc.

13.5.             Osteometer MediTech

13.6.             Beammed Ltd.

13.7.             MEDILINK

13.8.             DMS Imaging

13.9.             Swissray International, Inc.

13.10.          Lone Oak Medical Technologies LLC

13.11.          Xingaoyi Co., Ltd.

13.12.          Swissray Global Healthcare Holding, Ltd.

13.13.          Eurotec Medical Systems S.R.L.

13.14.          Yozma Bmtech Co., Ltd.

13.15.          L’acn L’accessorio Nucleare S.R.L

13.16.          Nanoomtech Co., Ltd.

13.17.          Xianyang Kanrota Digital Ultrasound System, Co., Ltd.

13.18.          Diagnostic Medical Systems Group

13.19.          OSI Systems, Inc.

13.20.          Other Prominent Players

14.Key Strategic Recommendations

 

 

* Financial information of non-listed Companies will be provided as per availability

 

**The segmentation and the companies are subjected to modifications based on in-depth study during the final deliverable.

 

 

List of Figures

 

Fig: Global Bone Densitometer Segmentation

 

Fig: Global Bone Densitometer Market Value Chain Analysis,

 

Fig: Company Market Share Analysis, 2020

 

Fig: Global Bone Densitometer Market Size, By Value (USD Million), 2020-2027

 

Fig: Global Bone Densitometer Market Share (%), By Type, By Value, 2020-2027

 

Fig: Global Bone Densitometer Market Share (%), By Application, By Value, 2020-2027

 

Fig: Global Bone Densitometer Market Share (%), By End User, By Value, 2020-2027

 

Fig: Global Bone Densitometer Market Share (%), By Country, By Value, 2020-2027

 

Fig: North America Bone Densitometer Market Size, By Value (USD Million), 2020-2027

 

Fig: North America Bone Densitometer Market Share (%), By Type, By Value, 2020-2027

 

Fig: North America Bone Densitometer Market Share (%), By Application, By Value, 2020-2027

 

Fig: North America Bone Densitometer Market Share (%), By End User, By Value, 2020-2027

 

Fig: North America Bone Densitometer Market Share (%), By Country, By Value, 2020-2027

 

Fig: Europe Bone Densitometer Market Size, By Value (USD Million), 2020-2027

 

Fig: Europe Bone Densitometer Market Share (%), By Type, By Value, 2020-2027

 

Fig: Europe Bone Densitometer Market Share (%), By Application, By Value, 2020-2027

 

Fig: Europe Bone Densitometer Market Share (%), By End User, By Value, 2020-2027

 

Fig: Europe Bone Densitometer Market Share (%), By Country, By Value, 2020-2027

 

Fig: the Asia-Pacific Bone Densitometer Market Size, By Value (USD Million), 2020-2027

 

Fig: the Asia-Pacific Bone Densitometer Market Share (%), By Type, By Value, 2020-2027

 

Fig: the Asia-Pacific Bone Densitometer Market Share (%), By Application, By Value, 2020-2027

 

Fig: the Asia-Pacific Bone Densitometer Market Share (%), By End User, By Value, 2020-2027

 

Fig: the Asia-Pacific Bone Densitometer Market Share (%), By Country, By Value, 2020-2027

 

Fig: Latin America Bone Densitometer Market Size, By Value (USD Million), 2020-2027

 

Fig: Latin America Bone Densitometer Market Share (%), By Type, By Value, 2020-2027

 

Fig: Latin America Bone Densitometer Market Share (%), By Application, By Value, 2020-2027

 

Fig: Latin America Bone Densitometer Market Share (%), By End User, By Value, 2020-2027

 

Fig: Latin America Bone Densitometer Market Share (%), By Country, By Value, 2020-2027

 

Fig: Middle East & Africa Bone Densitometer Market Size, By Value (USD Million), 2020-2027

 

Fig: Middle East & Africa Bone Densitometer Market Share (%), By Type, By Value, 2020-2027

 

Fig: Middle East & Africa Bone Densitometer Market Share (%), By Application, By Value, 2020-2027

 

Fig: Middle East & Africa Bone Densitometer Market Share (%), By End User, By Value, 2020-2027

 

Fig: Middle East & Africa Bone Densitometer Market Share (%), By Region, By Value, 2020-2027

 

 

 

 

List of Tables

 

Table: Global Bone Densitometer Market Size, By Type, By Value, 2020-2027

 

Table: Global Bone Densitometer Market Size, By Application, By Value (USD Million), 2020-2027

 

Table: Global Bone Densitometer Market Size, By End User, By Value (USD Million), 2020-2027

 

Table: Global Bone Densitometer Market Size, By Region, By Value (USD Million), 2020-2027

 

Table: North America Bone Densitometer Market Size, By Type, By Value (USD Million), 2020-2027

 

Table: North America Bone Densitometer Market Size, By Application, By Value (USD Million), 2020-2027

 

Table: North America Bone Densitometer Market Size, By End User, By Value (USD Million), 2020-2027

 

Table: North America Bone Densitometer Market Size, By Country, By Value (USD Million), 2020-2027

 

Table: Europe Bone Densitometer Market Size, By Type, By Value (USD Million), 2020-2027

 

Table: Europe Bone Densitometer Market Size, By Application, By Value (USD Million), 2020-2027

 

Table: Europe Bone Densitometer Market Size, By End User, By Value (USD Million), 2020-2027

 

Table: Europe Bone Densitometer Market Size, By Country, By Value (USD Million), 2020-2027

 

Table: the Asia-Pacific Bone Densitometer Market Size, By Type, By Value (USD Million), 2020-2027

 

Table: the Asia-Pacific Bone Densitometer Market Size, By Application, By Value (USD Million), 2020-2027

 

Table: the Asia-Pacific Bone Densitometer Market Size, By End User, By Value (USD Million), 2020-2027

 

Table: the Asia-Pacific Bone Densitometer Market Size, By Country, By Value (USD Million), 2020-2027

 

Table: Latin America Bone Densitometer Market Size, By Type, By Value (USD Million), 2020-2027

 

Table: Latin America Bone Densitometer Market Size, By Application, By Value (USD Million), 2020-2027

 

Table: Latin America Bone Densitometer Market Size, By End User, By Value (USD Million), 2020-2027

 

Table: Latin America Bone Densitometer Market Size, By Country, By Value (USD Million), 2020-2027

 

Table: The Middle-East & Africa Bone Densitometer Market Size, By Type, By Value (USD Million), 2020-2027

 

Table: The Middle-East & Africa Bone Densitometer Market Size, By Application, By Value (USD Million), 2020-2027

 

Table: The Middle-East & Africa Bone Densitometer Market Size, By End User, By Value (USD Million), 2020-2027

 

Table: The Middle-East & Africa Bone Densitometer Market Size, By Country, By Value (USD Million), 2020-2027

 

 

Table: Quest Diagnostics Financial Analysis

Table: Quest Diagnostics Business Overview

Table: GE Healthcare Financial Analysis

Table: GE Healthcare Business Overview

Table: CompuMed, Inc. Financial Analysis

Table: CompuMed, Inc. Business Overview

Table: Hologic Inc. Financial Analysis

Table: Hologic Inc. Business Overview

Table: Osteometer MediTech Financial Analysis

Table: Osteometer MediTech Business Overview

Table: Beammed Ltd. Financial Analysis

Table: Beammed Ltd. Business Overview

Table: MEDILINK Financial Analysis

Table: MEDILINK Business Overview

Table: DMS Imaging Financial Analysis

Table: DMS Imaging Business Overview

Table: Swissray International, Inc. Financial Analysis

Table: Swissray International, Inc. Business Overview

Table: Lone Oak Medical Technologies LLC Financial Analysis

Table: Lone Oak Medical Technologies LLC Business Overview

Table: Xingaoyi Co., Ltd. Financial Analysis

Table: Xingaoyi Co., Ltd. Financial Analysis

Table: Swissray Global Healthcare Holding, Ltd. Financial Analysis

Table: Swissray Global Healthcare Holding, Ltd. Business Overview

Table: Eurotec Medical Systems S.R.L. Financial Analysis

Table: Eurotec Medical Systems S.R.L. Business Overview

Table: Yozma Bmtech Co., Ltd. Financial Analysis

Table: Yozma Bmtech Co., Ltd. Business Overview

Table: L’acn L’accessorio Nucleare S.R.L Financial Analysis

Table: L’acn L’accessorio Nucleare S.R.L Business Overview

Table: Nanoomtech Co., Ltd. Financial Analysis

Table: Nanoomtech Co., Ltd. Business Overview

Table: Xianyang Kanrota Digital Ultrasound System, Co., Ltd. Financial Analysis

Table: Xianyang Kanrota Digital Ultrasound System, Co., Ltd. Business Overview

Table: Diagnostic Medical Systems Group Financial Analysis

Table: Diagnostic Medical Systems Group Business Overview

Table: OSI Systems, Inc. Financial Analysis

Table: OSI Systems, Inc. Business Overview

 

 

Market Segmentation

By Type

  • Dual-Energy X-Ray Absorptiometry Scanners
  • Peripheral Bone Densitometers

Quantitative Ultrasound Scanners

Radiographic Absorptiometry Scanners

By Application

  • Osteoporosis & Osteopenia Diagnosis
  • Chronic Kidney Disease Diagnosis
  • Cystic Fibrosis Diagnosis
  • Rheumatoid Arthritis Diagnosis
  • Body Composition Measurement

By End User

  • Hospitals & Specialty Clinics
  • Diagnostic & Imaging Centers
  • Other End Users

By Region

  • North America
  • Europe
  • Asia-Pacific (APAC)
  • Latin America (LATAM)
  • Middle-East & Africa (MEA)

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Frequently Asked Questions (FAQs):

Ans: The global bone densitometer market reached USD 259.3 million in 2020.
Ans: The major factors driving the growth of the global bone densitometer market are the rising prevalence of osteoporosis and technological advancements in the bone densitometer.
Ans: The key players in the global bone densitometer market are: Quest Diagnostics, GE Healthcare, CompuMed, Inc., Hologic Inc., Osteometer MediTech, BeamMed Ltd., MEDILINK, DMS Imaging, Swissray International, Inc., Lone Oak Medical Technologies LLC, Xingaoyi Co., Ltd., Swissray Global Healthcare Holding, Ltd., Eurotec Medical Systems S.R.L., Yozma Bmtech Co., Ltd., L’acn L’accessorio Nucleare S.R.L, Nanoomtech Co., Ltd., Xianyang Kanrota Digital Ultrasound System, Co., Ltd., Diagnostic Medical Systems Group, OSI Systems, Inc., and other prominent players.
Ans: The hospitals & specialty clinics segment accounted for the largest share in the global bone densitometer market.
Ans: North America has the largest share in the global bone densitometer market.