Global Bone Densitometer Market projected to grow at a CAGR of 4.7% during the forecast period 2020-2027
A new research report published by Fior Markets with the title Bone Densitometer Market by Type (Peripheral Bone Densitometers, DXA Systems), End-User (Diagnostic & Imaging Centres, Hospitals & Specialty Clinics, Others), Application (Rheumatoid Arthritis Diagnosis, Body Composition Measurement, Cystic Fibrosis Diagnosis, Osteoporosis & Osteopenia Diagnosis), Regions, and Global Forecast 2020-2027.
The global bone densitometer market is expected to grow from USD 247 million in 2019 to USD 357 million by 2027, at a CAGR of 4.7% during the forecast period 2020-2027. The Asia-Pacific region stands as a promising market for bone densitometers and is expected to grow at the highest CAGR during the forecast period. This is primarily because of critical factors like the growing elderly population, increasing healthcare spending, rising prevalence of osteoporosis and the increasing number of hospitals & other health care institutions in the APAC region. The markets in China and India are proliferating, commanding significant shares in the regional market.
NOTE: Our analysts monitoring the situation across the globe explains that the market will generate remunerative prospects for producers post COVID-19 crisis. The report aims to provide an additional illustration of the latest scenario, economic slowdown, and COVID-19 impact on the overall industry.
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Key players in the global bone densitometer market are GE Healthcare, Anjue Medical Equipment, Trivitron Healthcare, BeamMed, Ltd., Shenzen XRAY Electric Co., Ltd., Echolight S.P.A., and Swissray Global Healthcare Holding, Ltd., among others. Key companies are mainly focusing on developing new products, forming partnerships, and joint ventures to gain significant market share in the global bone densitometer market.
On the basis of type, the global bone densitometer market has been segmented into peripheral bone densitometers and DXA systems. The DXA or dual-energy X-ray bone absorptiometry systems segment is anticipated to dominate the market during the forecast period since it held the majority market share in 2018 and is projected to grow at the highest rate due to its high accuracy and benefits over peripheral bone sensitometers.
On the basis of end-user, the global bone densitometer market has been segmented into diagnostic & imaging centres, hospitals & speciality clinics, and others. The hospitals & speciality clinics segment held the most significant share of the global market in 2018 and is set to continue this pattern over the projected period since the bulk of bone density scans are carried out in hospitals.
On the basis of application, the global bone densitometer market has been segmented into rheumatoid arthritis diagnosis, body composition measurement, cystic fibrosis diagnosis, and osteoporosis & osteopenia diagnosis. The osteoporosis & osteopenia diagnosis segment is forecasted to witness the highest growth among others due to the increase in the number of osteoporosis cases among the elderly populous & menopausal women, and more fragility fractures from fall or other accidents.
About the report:
The global bone densitometer market is analyzed on the basis of value (USD Billion), volume (K Units), export (K Units), and import (K Units). All the segments have been analyzed on global, regional and country basis. The study includes an analysis of more than 30 countries for each segment. The report offers in-depth analysis of driving factors, opportunities, restraints, and challenges for gaining the key insight of the market. The study includes porter’s five forces model, attractiveness analysis, raw material analysis, and competitor position grid analysis.
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- CDN Newswire