Global Bone Densitometer Market: size is expected to grow at 4.72% throughout the forecast period, reaching nearly US$ 391.73 Mn. by 2029.
Global Bone Densitometer Market Overview:
Global Bone Densitometer Market Research Report investigated the current status of definitions, classifications, applications, and the industrial chain structure. The research provides impartial professional commentary on the present market state, prior market performance, production and consumption rates, demand and supply ratios, and forecast income generation predictions. The Global Bone Densitometer market study also includes information on the leading businesses participating in the Global Bone Densitometer sector’s strategic goals and company growth objectives. Mergers and acquisitions, government and corporate transactions, partnerships and collaborations, joint ventures, brand marketing, and product launches are among the tactics considered in the research. To summarise what has previously been said, the study provides a comprehensive picture of the Global Bone Densitometer sector in both global and regional markets.
Global Bone Densitometer Market Dynamic:
The rising prevalence of osteoporosis is the key driver for the market to grow. The geriatric population is especially prone to osteoporosis and fractures, thereby contributing to the market growth. The International Osteoporosis foundation estimated that by 2050 the worldwide incidence of hip fracture in men is expected to increase by 310% and by 240% in women as compared to 1990. Urbanization and aging populations are driving rapid increases in the osteoporosis disease burden, thereby fuelling the market growth. The economic burden of osteoporosis in the US was estimated at $17 billion in 2005. According to Osteoporosis Canada, osteoporosis causes 70-90% of 30,000 hip fractures annually. Furthermore, increasing technological advancements globally are also contributing to the market to grow. In addition to this, the prevalence of osteoporosis in menopausal women is also a major driver in propelling the market.
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COVID-19 Impact on Global Bone Densitometer market:
The COVID-19 epidemic has had a significant impact on the global Global Bone Densitometer industry. Global Bone Densitometer Production facilities have been halted due to the global economic slump and a lack of manpower. The COVID-19 pandemic has led in a significant and extended drop in production utilisation, and travel prohibitions and facility closures have kept personnel away from their facilities, causing the Global Bone Densitometer market to decelerate in 2020. The negative impact of COVID-19 on the Global Bone Densitometer market, on the other hand, is expected to be brief, and the sector is expected to revive fast by early 2021, owing to robust demand for Global Bone Densitometer.
Global Bone Densitometer Market Segmentation:
The DXA systems segment accounted for the largest share of xx% in 2021. The segment is expected to grow at a CAGR of xx% during the forecast period. The segment growth owes to the advantages of DXA systems over the peripheral bone densitometers. Moreover, the results obtained from DXA systems are accurate and reliable. The results are interpreted using WHO scores and hence are used widely.
On application basis, the market is segmented into Osteoporosis and Osteopenia Diagnosis, Cystic Fibrosis Diagnosis, Body Composition Measurement and Rheumatoid Arthritis Diagnosis. The Osteoporosis and Osteopenia Diagnosis segment is expected to witness a CAGR of xx% in the forecast period. Increasing cases of osteoporosis and the geriatric population are mainly expected to drive the segment. The occurrence of this condition in menopausal women is also a major driver propelling the market.
Regional Analysis:
The region section of the research additionally covers important market influencing factors and changes in market regulation that have an influence on the market’s present and future trends. Some of the primary elements utilised to analyse the market scenario for various locales are new sales, replacement sales, national demography, regulatory activities, and import-export tariffs. Furthermore, while offering forecast analysis of national data, the existence and availability of global brands, as well as the challenges they face owing to strong or weak competition from local and domestic brands, as well as the impact of sales channels, are considered.
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Global Bone Densitometer Market Key players:
• GE Healthcare
• Hologic, Inc
• OSI Systems
• Diagnostic medical Systems Group
• Swissray Global healthcare Holding, Ltd
• BeamMed Ltd
• Echolight S.P.A
• Scanflex Healthcare AB
• Medonica Co, Ltd
• Eurotec Systems S.r.l
• Ampall Co, Ltd
• Shenzen XRAY Electric Co, Ltd
• YOZMA BMTech Co, Ltd
• Nanoomtech Co, Ltd
• Osteosys Corporation
• FURUNO Electric Co, Ltd
• Oscare Medical Oy
• Medilink
• Cyberlogic, Inc
• Trivitron Healthcare
The study includes a thorough examination of the Global Bone Densitometer market’s presence in various industries and countries. By doing a detailed geographical examination of the industry, the research analyst hopes to uncover hidden development potential that may be used by firms in various regions of the world. Global Global Bone Densitometer Market research gives precise information that helps market participants to compete successfully with their most important competitors in terms of growth, sales, and other critical factors. Significant market components such as market drivers and obstacles are distinguished from critical development prospects and industry trends in the research study.
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