Market Overview:
The global bone density testing market is expected to grow at a CAGR of 7.5% from 2018 to 2030. The growth in the market can be attributed to the increasing incidence of osteoporosis, rising geriatric population, and technological advancements in bone density testing devices. Based on type, the global bone density testing market is segmented into quantitative ultrasound, peripheral quantitative computed tomography (pQCT), and others. The Others segment includes dual energy x-ray absorptiometry (DEXA) and magnetic resonance imaging (MRI). Based on application, the market is segmented into hospitals, specialty clinics, ambulatory surgical centers (ASCs), and others. The Others segment includes research institutes and academic institutions. Based on region, the global bone density testing market is divided into North America, Latin America, Europe Asia Pacific ,and Middle East & Africa . North America dominates the global Bone Density Testing Market due to early adoption of novel technologies by healthcare providers in this region coupled with rising prevalence of osteoporosis cases among aging population .
Product Definition:
Bone density testing is a medical procedure used to measure the amount of calcium and other minerals in bones. It is often used to diagnose osteoporosis, a condition in which bones become thin and brittle.
Quantitative Ultrasound:
Quantitative ultrasound (QUS) is a diagnostic medical device that measures the density of bones. It helps to evaluate the bone mineralization and also checks for fractures, tumors, & other abnormalities in them.
Peripheral Quantitative Computed Tomography:
Peripheral quantitative computed tomography (pQCT) is a non-invasive medical procedure used to measure bone density of the peripheral extremities. This test also helps in identifying areas that may be at risk for fractures and other skeletal injuries. The test involves X-ray images of the hand, wrist, shoulder, spine and arm taken from different angles.
Application Insights:
The market is segmented into hospitals, specialty clinics, and ambulatory surgical centers. The hospitals segment dominated the market in 2017 owing to factors such as increasing geriatric population and prevalence of chronic diseases. In addition, an increase in the number of trauma cases has also positively influenced the growth of this application segment. According to a study published by NCBI in 2018, it was found that around 1 out of every 3 deaths occur due to injuries caused by road accidents globally each year. Thus rising number of trauma cases across the globe is expected to boost demand for bone density testing devices over the forecast period.
The specialty clinics are anticipated to be fastest growing application segment during the forecast period owing to factors such as increasing awareness about osteoporosis among adults along with growing aging population across various regions including North America and Europe who have more chances of developing osteoporosis than children do due lack activity levels.
Regional Analysis:
North America dominated the global bone density testing market in 2017. The presence of well-developed healthcare infrastructure, high adoption rate of technologically advanced products and a large number of patients suffering from osteoporosis are some factors driving the regional market. In addition, favorable reimbursement policies for advanced BMD testing procedures are also expected to boost revenue growth over the forecast period.
Asia Pacific is expected to witness lucrative growth during the forecast period owing to rising disposable income and increasing prevalence of osteoporosis coupled with sedentary lifestyle in developing countries such as China and India. Moreover, an increase in government initiatives for spreading awareness about BMD tests will also drive revenue generation over this period. For instance, National Osteoporosis Awareness Month (NOAM) is observed every year in February by WHO collaborating with International Federation for Spina Bifida & Hydrocephalus (IFSBA).
Growth Factors:
- Increasing incidence of osteoporosis and other bone-related disorders: The global prevalence of osteoporosis is expected to increase from 200 million in 2010 to 300 million by 2025. This will drive the demand for bone density testing products and services, as they are the most effective way to diagnose and monitor these conditions.
- Growing awareness about the benefits of early diagnosis: There is a growing awareness among patients and healthcare professionals about the benefits of early diagnosis and treatment for bone-related disorders. This is likely to lead to an increase in demand for bone density testing products and services in the coming years.
- Technological advancements: The development of new technologies that make it easier and faster to perform bone density tests is likely to spur growth in this market over the next few years. For instance, recent advances in 3D printing technology have made it possible to create customized orthotics that can help improve Bone Density Testing accuracy levels significantly .
Scope Of The Report
Report Attributes
Report Details
Report Title
Bone Density Testing Market Research Report
By Type
Quantitative Ultrasound, Peripheral Quantitative Computed Tomography, Others
By Application
Hospitals, Specialty Clinics, Ambulatory Surgical Centers, Others
By Companies
Hologic, BeamMed, Osteosys, Swissray, Otter Tail, OSI Systems, Medonica, Lone Oak Medical Technologies
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
243
Number of Tables & Figures
171
Customization Available
Yes, the report can be customized as per your need.
Global Bone Density Testing Market Report Segments:
The global Bone Density Testing market is segmented on the basis of:
Types
Quantitative Ultrasound, Peripheral Quantitative Computed Tomography, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Hospitals, Specialty Clinics, Ambulatory Surgical Centers, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Hologic
- BeamMed
- Osteosys
- Swissray
- Otter Tail
- OSI Systems
- Medonica
- Lone Oak Medical Technologies
Highlights of The Bone Density Testing Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Quantitative Ultrasound
- Peripheral Quantitative Computed Tomography
- Others
- By Application:
- Hospitals
- Specialty Clinics
- Ambulatory Surgical Centers
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Bone Density Testing Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Bone density testing is a medical procedure that uses X-rays to measure the density of bones. Bone density can be an indicator of bone health and can help doctors diagnose conditions such as osteoporosis.
Some of the major players in the bone density testing market are Hologic, BeamMed, Osteosys, Swissray, Otter Tail, OSI Systems, Medonica, Lone Oak Medical Technologies.
The bone density testing market is expected to grow at a compound annual growth rate of 7.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Bone Density Testing Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Bone Density Testing Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Bone Density Testing Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Bone Density Testing Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Bone Density Testing Market Size & Forecast, 2018-2028
4.5.1 Bone Density Testing Market Size and Y-o-Y Growth
4.5.2 Bone Density Testing Market Absolute $ Opportunity
Chapter 5 Global Bone Density Testing Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Bone Density Testing Market Size Forecast by Type
5.2.1 Quantitative Ultrasound
5.2.2 Peripheral Quantitative Computed Tomography
5.2.3 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Bone Density Testing Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Bone Density Testing Market Size Forecast by Applications
6.2.1 Hospitals
6.2.2 Specialty Clinics
6.2.3 Ambulatory Surgical Centers
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Bone Density Testing Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Bone Density Testing Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Bone Density Testing Analysis and Forecast
9.1 Introduction
9.2 North America Bone Density Testing Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Bone Density Testing Market Size Forecast by Type
9.6.1 Quantitative Ultrasound
9.6.2 Peripheral Quantitative Computed Tomography
9.6.3 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Bone Density Testing Market Size Forecast by Applications
9.10.1 Hospitals
9.10.2 Specialty Clinics
9.10.3 Ambulatory Surgical Centers
9.10.4 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Bone Density Testing Analysis and Forecast
10.1 Introduction
10.2 Europe Bone Density Testing Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Bone Density Testing Market Size Forecast by Type
10.6.1 Quantitative Ultrasound
10.6.2 Peripheral Quantitative Computed Tomography
10.6.3 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Bone Density Testing Market Size Forecast by Applications
10.10.1 Hospitals
10.10.2 Specialty Clinics
10.10.3 Ambulatory Surgical Centers
10.10.4 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Bone Density Testing Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Bone Density Testing Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Bone Density Testing Market Size Forecast by Type
11.6.1 Quantitative Ultrasound
11.6.2 Peripheral Quantitative Computed Tomography
11.6.3 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Bone Density Testing Market Size Forecast by Applications
11.10.1 Hospitals
11.10.2 Specialty Clinics
11.10.3 Ambulatory Surgical Centers
11.10.4 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Bone Density Testing Analysis and Forecast
12.1 Introduction
12.2 Latin America Bone Density Testing Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Bone Density Testing Market Size Forecast by Type
12.6.1 Quantitative Ultrasound
12.6.2 Peripheral Quantitative Computed Tomography
12.6.3 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Bone Density Testing Market Size Forecast by Applications
12.10.1 Hospitals
12.10.2 Specialty Clinics
12.10.3 Ambulatory Surgical Centers
12.10.4 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Bone Density Testing Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Bone Density Testing Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Bone Density Testing Market Size Forecast by Type
13.6.1 Quantitative Ultrasound
13.6.2 Peripheral Quantitative Computed Tomography
13.6.3 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Bone Density Testing Market Size Forecast by Applications
13.10.1 Hospitals
13.10.2 Specialty Clinics
13.10.3 Ambulatory Surgical Centers
13.10.4 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Bone Density Testing Market: Competitive Dashboard
14.2 Global Bone Density Testing Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Hologic
14.3.2 BeamMed
14.3.3 Osteosys
14.3.4 Swissray
14.3.5 Otter Tail
14.3.6 OSI Systems
14.3.7 Medonica
14.3.8 Lone Oak Medical Technologies
