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Report Overview
2023
Base Year
2017-2023
Historical Year
2024-2032
Forecast Year
Global Bone Sonometer Market Outlook
The global bone sonometer market is anticipated to grow at a CAGR of 8.9% during 2024-2032. The market is further expected to expand from USD 12.86 billion in 2023 to USD 27.67 billion by 2032 during the forecast period of 2024-2032.
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The industry is propelling forward due to the increase in the number of geriatric population. North America is the leading bone sonometer market, globally, owing to the well-developed healthcare infrastructure in the US. The rising cases of hip fractures in regions like Middle East and Africa is driving the growth of the market in the region.
Market Segmentation
Bone sonometer is a device used to detect vertebral fractures by transmitting ultrasound energy into the human body. It is commonly used in the medication of osteoporosis.
Bone sonometer market can be broadly categorised on the basis of its product into:
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- Stand-alone bone sonometers
- Portable bone sonometers
The EMR report looks into the regional bone sonometer markets like North America, Latin America, Europe, Middle East and Africa, and Asia Pacific.
Market Analysis
The global bone sonometer market is being driven by the increasing prevalence of fractures and osteoporosis. The industry is further driven by the juvenile osteoporosis due to increasing nutritional deficiency in children. Moreover, the rising number of cases of bone disorders such as rheumatoid arthritis is expected to increase the global bone sonometer market. North America is dominating the market, followed by Europe due to the rising prevalence of osteoporosis and bone loss. The Asia Pacific is emerging as a significant market due to rising prevalence of vertebral fractures in men and women in the region. However, the accessibility of alternative diagnostic tools is expected to hinder the growth of the industry.
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Competitive Landscape
The report presents a detailed analysis of the following key players in the global bone sonometer market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
- DMS Imaging
- General Electric Co.
- Osteosys Co., Ltd.
- Hologic Inc.
- Swissray Global
The EMR report gives an in-depth insight into the industry by providing a SWOT analysis as well as an analysis of Porter’s five forces.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2017-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Product |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
In 2023, the global bone sonometer market attained a value of nearly USD 12.86 billion.
The market is projected to grow at a CAGR of 8.9% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach about USD 27.67 billion by 2032.
The major drivers of the market include the growing geriatric population, rising disposable incomes, the increasing prevalence of bone disorders, hip fractures, and osteoporosis, and improving healthcare facilities.
The key trends guiding the growth of the market include the increasing launches of high precision bone sonometers and growing technological advancements.
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
Stand-alone bone sonometers and portable bone sonometers are the significant products in the market.
The major players in the market are DMS Imaging, General Electric Co., Osteosys Co., Ltd., Hologic Inc., and Swissray Global, among others.
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