Bone Densitometer Market Growth to Remain Steady till the Next Decade

The global bone densitometer market is expected to exhibit growth at a CAGR of 4.2% from 2021 to 2030, reaching a valuation of USD 57.42bn by 2030.

Rising cases of osteopenia and the risk of developing post the age of 50 are driving the market.

ResearchMoz shares a comprehensive report on the global bone densitometer market inclusive of size, competitive edge, regional growth, threats and opportunities.

Bone Health Awareness Drives the Bone Densitometer Market

According to the American Osteoporosis Foundation, about 10 million people are affected by osteoporosis in the United States. It makes the bones fragile and results in fractures without even any symptoms. The risk of developing osteoporosis increases with age, lately, there has been a good awareness being spread about it from healthcare associations. This growing awareness and increasing importance being given to bone health are leading to the expansion of the global bone densitometer market. BMD measurement is necessary for diagnosing osteoporosis and osteopenia. It provides detailed images of the bones and depicts any structural abnormalities or defects in the bones.

Product Approvals to Bolsters Demand

Increasing product approvals from FDA are leading to the growing demand for bone densitometers. The increasing importance of healthcare and technological advancements has led to improved products such as DEXA scan, which are further resulting in the higher demand for bone densitometers.

The high cost of this equipment and devices may impede the market during the forecast period.

However, increasing healthcare expenditure is the major driving force in the growth of this market.

Competitive Landscape

ResearchMoz shares a detailed market analysis of the global bone densitometer market including the market strategies adopted by the key players.

In a bid to gain a competitive edge in the bone densitometer market, a number of players have been focusing on product launches, mergers acquisitions and partnerships. The bone densitometer market is marked by intense competition among established players as well as new entrants. These companies are adopting strategies such as product launches, mergers acquisitions and partnerships to enhance their product portfolios and strengthen their market positions.

The prominent players in the market include