Global Bone Sonometer Market, By Portability [Stationary and Portable], By Extremity [Axial Bone Sonometry and Peripheral Bone Sonometry], By Technology [Dual Energy X-Ray Absorptiometry (DEXA), Ultrasound, Quantitative Computed Tomography (QCT), Quantitative Ultrasound (QUS) and Others (Peripheral Quantitative Computed Tomography (pQCT))], By Application [Osteoporosis (Osteopenia Diagnosis and Fracture Risk Assessment), Body Composition Measurement, RA & Osteoarthritis Diagnosis & Prognosis, Pediatric Applications, Others (Orthopedic & Rheumatologic Assessments)], By End User [Hospitals, Speciality Clinics, Diagnostic Centers, Ambulatory Surgical Centers, Research Institutions and Others (Physician Offices)], and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) is estimated to be valued at US$ 1,192.1 Million in 2023 and is expected to exhibit a CAGR of 5.9% during the forecast period (2023-2030), as highlighted in a new report published by Coherent Market Insights.
Osteoporosis is a bone disease that develops when bone mineral density and bone mass decrease, or when the structure and strength of bones change. This can lead to a decrease in bone strength, which can increase the risk of fractures (broken bones). Thus, the increasing prevalence of osteoporosis is expected to fuel market growth over the forecast period. For instance, in March 2022, according to a report published in the International Osteoporosis Foundation, osteoporosis is a major non-communicable disease and the most common bone disease, affecting one in three women and one in five men over the age of 50 worldwide. Furthermore, from the same source above, it is estimated that approximately 75 million people in Europe, the U.S., and Japan were affected by osteoporosis in 2021.
Global Bone Sonometer Market – Impact of Coronavirus (COVID-19) Pandemic
The World Health Organization (WHO) designated the illness caused by the Severe Acute Respiratory Syndrome Coronavirus 2 (SARS-CoV-2), which first appeared in Wuhan (province of Hubei, China) in the last months of 2019, as "coronavirus disease 2019" or COVID-19. This virus spread quickly and had a serious negative impact on the economies, social behaviors, and healthcare of every country in the world.
The COVID-19 pandemic has affected several markets across the globe and is also expected to hamper demand and supply in the global bone sonometer market. The COVID-19 pandemic has affected the demand and supply of the bone sonometer market in three main ways: by directly affecting production and demand; by creating disruptions in distribution channels; and by having a financial impact on firms and financial markets. The supply chain and manufacturing activities of bone sonometers in India, China, and the U.S. are disrupted due to nationwide lockdowns. Whereas countries, such as Saudi Arabia, the UAE, Egypt, and others, faced problems with regards to the transportation of materials used in the manufacturing of bone sonometers from one place to another.
Global Bone Sonometer Market: Key Developments
On April 29, 2023, according to a report published by the American Society for Bone and Mineral Research, 1 in 3 women and 1 in 5 men over the age of 50, will experience osteoporosis fractures in their remaining lifetimes worldwide.
In November 2022, Medimaps Group, a global medical technology company specializing in image processing software for assessing bone health, announced that its novel method for enhancing osteoporotic fracture risk assessment, Trabecular Bone Score (TBS iNsight), a surrogate of bone microarchitecture boosted by AI (artificial intellgence), is now available on diagnostic platforms from OsteoSys Co., Ltd. OsteoSys is the leading bone mineral densitometer brand in Korea and the third largest supplier of DXA (dual-energy X-ray absorptiometry) scanning equipment worldwide.
Browse 53 Market Data Tables and 46 Figures spread through 160 Pages and in-depth TOC on “Global Bone Sonometer Market”- Forecast to 2030 Global Bone Sonometer Market, By Portability [Stationary and Portable], By Extremity [Axial Bone Sonometry and Peripheral Bone Sonometry], By Technology [Dual Energy X-Ray Absorptiometry (DEXA), Ultrasound, Quantitative Computed Tomography (QCT), Quantitative Ultrasound (QUS) and Others (Peripheral Quantitative Computed Tomography (pQCT))], By Application [Osteoporosis (Osteopenia Diagnosis and Fracture Risk Assessment), Body Composition Measurement, RA & Osteoarthritis Diagnosis & Prognosis, Pediatric Applications, Others (Orthopedic & Rheumatologic Assessments)], By End User [Hospitals, Speciality Clinics, Diagnostic Centers, Ambulatory Surgical Centers, Research Institutions and Others (Physician Offices)], and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa).
To know the latest trends and insights prevalent in this market, click the link below:
https://www.coherentmarketinsights.com/market-insight/bone-sonometer-market-2269
Key Takeaways of the Global Bone Sonometer Market:
- The global bone sonometer market is expected to exhibit a CAGR of 9% during the forecast period. The merger with emerging economies offers lucrative growth opportunities for players in the global bone sonometer market.
- Among portability, the portable segment is expected to hold a dominant position in the global bone sonometer market during the forecast period, as key market players are focused on offering various portable bone sonometers in their product portfolio, which in turn is expected to drive market growth over the forecast period. For instance, BeamMed Ltd., a developer and manufacturer of bone sonometers, offers various portable bone sonometer such as the Sunlight MiniOmni Bone Densitometer and others.
- Among regions, North America is expected to be the dominant region in the global bone sonometer market, owing to the increasing prevalence of various bone disorders such as fractures and others, which in turn is expected to propel market growth over the forecast period. For instance, on April 29, 2023, the National Center for Biotechnology Information,reported that the annual number of fractures due to osteoporosis is projected to increase from 1.9 million to 3.2 million from 2018 to 2040.
- Major players operating in the global bone sonometer market are GE Healthcare, Hologic Inc., Furuno Electric, Osteosys, DMS Imaging, Swissray International Inc., BeamMed Ltd., Scanflex Healthcare (Demetech AB), Osteometer Meditech, Xianyang Kanrota, L’can, BM Tech, Lone Oak Medical Technologies, Medilink, Osteosys Co. Ltd., AMPall Co., Ltd, Lone Oak Medical Technologies LLC, and Medi-cal Diagnostic
