Technavio, a leading provider of market research reports, has released its latest study on Bone Densitometer Market. This report offers a comprehensive analysis of the current market trends, emerging opportunities, and key challenges.
According to Technavio, the global bone densitometer market is a significant segment of the expansive life sciences tools and services market. This market encompasses organizations involved in the research and development (R&D) of various product categories, such as capital equipment, instruments, accessories, and consumables. These products are utilized in the pharmaceutical and biotechnology industries for R&D purposes, as well as in laboratory diagnosis of various diseases. Additionally, the market covers life sciences-related services, including contract research, contract manufacturing, and contract sales. The global healthcare market size, as calculated by Technavio, represents the combined revenue generated by manufacturers of equipment, supplies, pharmaceuticals, biotechnology, and life sciences tools and services. - The Bone Densitometer Market is experiencing significant growth, fueled by the Rising prevalence of osteoporosis due to growing geriatric population worldwide. Businesses are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
Know what is trending in the market - Access a free sample report!
The market size is estimated to grow by USD 80.51 million, at a CAGR of 4.67% during the forecast period. Rising demand for point-of-care (POC) testing | Focus on fracture risk assessment and prediction | Technological advancements in bone densitometry equipment
For insights on company offerings- Request a sample report!
The North American bone densitometer market is experiencing significant growth, driven by the increasing prevalence of osteoporosis, the expanding geriatric population, and technological advancements in medical imaging. According to the National Osteoporosis Foundation (NOF), approximately 10 million Americans have been diagnosed with osteoporosis, while another 44 million exhibit low bone density, highlighting the necessity for early bone health detection and monitoring. This demographic trend underscores the growing demand for bone densitometry technology in healthcare facilities across North America. Recent market developments, including technological innovations and regulatory approvals, further underscore the market's growth potential.
The Bone Densitometer Market encompasses various medical devices used for measuring bone density and assessing bone health. Osteodensitometry, specifically axial bone densitometers like DXA scanners, are the most common tools used for this purpose. These devices are essential in diagnosing and monitoring conditions such as osteoporosis, osteomalacia, osteopenia, and other bone disorders. The increasing prevalence of bone disorders, particularly among older adults and those with kidney disease, fuels the demand for bone densitometers. Osteoporosis, a condition characterized by low bone density and strength, is a significant concern for the geriatric population, leading to an increased risk of hip fractures and osteoporotic fractures. Preventive measures, including regular bone density screening, are crucial in mitigating the risks associated with bone disorders. Bone densitometry plays a vital role in early detection and intervention, enabling healthcare professionals to develop effective treatment plans and prevent debilitating fractures. The global bone densitometer market is expected to grow significantly due to the increasing awareness of bone health and the rising prevalence of bone disorders. As the population ages, the need for these medical devices to maintain bone strength and density will continue to increase.
Technavio is a global market research company offering comprehensive reports and insights on various industries. Our research helps businesses make informed decisions by providing actionable data and trends. Technavio is based on four simple principles: easy-to-access reports, robust industry coverage, a focus on new and emerging technologies, and competitive pricing. We believe in helping companies and executives become better equipped to make faster, sounder, and more effective decisions. Technavio is one of the most influential market research and advisory firms in the world. We work with business and technology leaders to provide cutting-edge market research and insights to companies.
Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
Safe and Secure SSL Encrypted
One user only.
Quick & easy download option
Unlimited user access (Within your organization).
Complimentary Customization Included
*For Enterprise license, go to checkout page
Get the report (PDF) sent to your email within minutes.
