Global Bone Mineral Densitometry (BMD) Market by Type (X-Ray, Ultrasonic), By Application (Hospital, Research Institute, Other) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030

                                          

                                                                                       
Market Overview:

The global bone mineral densitometry (BMD) market is expected to grow at a CAGR of 6.5% from 2018 to 2030. The growth in the market can be attributed to the increasing prevalence of osteoporosis, rising geriatric population, and technological advancements in BMD devices. Based on type, the global BMD market is segmented into X-ray and ultrasonic devices. The X-ray device segment is expected to account for the majority share of the global BMD market in 2018. This can be attributed to its low cost and easy availability compared with ultrasonic devices. However, ultrasonic devices are gaining popularity due to their high accuracy levels and ability to detect early signs of osteoporosis. Based on application, the global BMD market is segmented into hospitals, research institutes, and other applications such as clinics and home care settings.



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Product Definition:

Bone Mineral Densitometry (BMD) is a medical test that measures the density of bones. The test can help to diagnose conditions such as osteoporosis, and can also be used to monitor the progress of treatment.

X-Ray:

X-ray is a kind of electromagnetic ionizing radiation and it is used for medical purpose to study the density of bones. The normal range for BMD in women is 1.3 - 1.4, while in men its 0.9 - 0.95 (1).

Ultrasonic:

Ultrasonic Bone Mineral Densitometry (UMBMD) is a technique that measures bone density by generating and detecting ultrasonic waves in the body. This method provides accurate results as compared to X-ray based densitometers. Ultrasound technology has been used for over two decades in medical imaging, most notably in cardiovascular procedures such as echocardiography and cardiac electrophysiology testing.

Application Insights:

The research institutes application segment held the largest share of over 70.0% in 2017. This is attributed to the rising number of R&D activities being carried out using bone densitometry for various applications such as diagnostics, osteoporosis management, and risk assessment & prediction of fracture. Moreover, an increasing number of clinical trials are also supporting market growth. For instance, Osteopore Corporation¢â‚¬â„¢s Osteohealth program involves more than 1,000 healthy postmenopausal women aged 50 to 74 years from North America and Europe for a 2-year study investigating new ways to use bone densitometry for osteopenia diagnosis and monitoring treatment effects.

Regional Analysis:

North America dominated the global bone mineral densitometry market in 2017. Increasing prevalence of osteoporosis and other spinal disorders, growing geriatric population, rising awareness about BMD testing benefits are some of the key factors responsible for its largest share. Moreover, high adoption rate of technologically advanced products is also expected to drive regional growth over the forecast period.

Asia Pacific is anticipated to witness lucrative growth during the forecast period owing to increasing healthcare expenditure by governments and private sectors in developing economies such as India and China. Growing medical tourism industry due to low treatment cost coupled with improving healthcare infrastructure will boost demand further.

Growth Factors:

Increasing incidence of osteoporosis and other bone diseases: 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 BMD testing, as early diagnosis and treatment is essential for preventing bone fractures.
Growing awareness about the benefits of BMD testing: There is a growing awareness among people about the importance of BMD testing in preventing bone fractures and other health problems related to weak bones. This is likely to boost demand for BMD tests in the coming years.
Advances in technology: The development of new technologies such as 3D-BMD scanners has helped improve accuracy and speed up diagnosis of bone diseases, thus driving growth in the market for Bone Mineral Densitometry (BMD).
Rising geriatric population: With increasing life expectancy, there is a growing population of elderly people who are at risk of developing osteoporosis and other bone diseases. This will create opportunities for growth in the market for Bone Mineral Densitometry (BMD) over the next few years.


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Scope Of The Report
Report Attributes
Report Details
Report Title
Bone Mineral Densitometry (BMD) Market Research Report
By Type
X-Ray, Ultrasonic
By Application
Hospital, Research Institute, Other
By Companies
Kromek Group, GE Healthcare, Philips Healthcare, Siemens Healthcare, Toshiba, Medtronic, Fujifilm Medical Systems USA, Hitachi Medical Systems, Carestream Health, Agfa-Gevaert N.V., Hologic, Shimadzu
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
239
Number of Tables & Figures
168
Customization Available
Yes, the report can be customized as per your need.

Global Bone Mineral Densitometry (BMD) Market Report Segments:
The global Bone Mineral Densitometry (BMD) market is segmented on the basis of:
Types
X-Ray, Ultrasonic
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
Hospital, Research Institute, Other
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:
Kromek Group
GE Healthcare
Philips Healthcare
Siemens Healthcare
Toshiba
Medtronic
Fujifilm Medical Systems USA
Hitachi Medical Systems
Carestream Health
Agfa-Gevaert N.V.
Hologic
Shimadzu



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Highlights of The Bone Mineral Densitometry (BMD) 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:
X-Ray
Ultrasonic
By Application:
Hospital
Research Institute
Other
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 Mineral Densitometry (BMD) 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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Correctly Positioning New Products
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Consumer Insights
Understanding Competition Scenario
Product & Brand Management
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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

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