Bone & Mineral Testing Market was valued at USD 1.2 Billion in 2022 and is projected to reach USD 2.4 Billion by 2030, growing at a CAGR of 9.0% from 2024 to 2030.
However, despite the substantial growth from 2018 to 2022, the market's trajectory from 2023 to 2033 indicates significant shifts. Analysts predict that new trends such as home-based diagnostic tools and the introduction of more sophisticated, non-invasive testing methods will redefine market demand. The current demand focuses heavily on precision medicine, with advancements in genetic testing, which are expected to provide personalized treatment options for patients with bone-related disorders. In addition, rising healthcare expenditure in both developed and emerging economies is expected to stimulate further market growth during this period.
The demand for non-invasive testing methods has been a key factor in changing the landscape of the Bone & Mineral Testing market. Technologies like ultrasound-based bone density tests and digital X-ray systems have gained traction due to their ability to deliver quick and accurate results without the need for costly and invasive procedures. With the rapid adoption of telemedicine and remote patient monitoring, there has also been a rise in the use of portable testing devices, especially in rural areas where access to traditional diagnostic centers may be limited.
As of 2023, the Bone & Mineral Testing market is expected to grow rapidly as the demand for effective osteoporosis management and prevention rises globally. Aging populations in both developed and developing countries will continue to propel the market. Furthermore, governments’ focus on providing affordable healthcare solutions and increased funding for osteoporosis research further boosts the growth potential of the market in the coming years. Market leaders are increasingly adopting strategies to offer both comprehensive and affordable testing solutions, expanding their reach to a broader demographic.
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The Bone & Mineral Testing market from 2018 to 2022 has witnessed considerable advancements, driven by the growing awareness about bone-related diseases and the rising geriatric population. Technological innovations, such as advancements in imaging technologies and diagnostic tools, have contributed to the market's growth. In addition, bone mineral density (BMD) testing remains a core component of diagnostics for osteoporosis and other related conditions. With increasing healthcare investments and government initiatives to combat bone diseases, the global demand for bone and mineral testing devices rose significantly over these years.
Roche
DiaSorin
BioMerieux
Abbott Laboratories
Quidel Corporation
Siemens
Abbott
Beckman Coulter
Bio-Rad Laboratories
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Bone & Mineral Testing Market
Hyperparathyroidism
Hypoparathyroidism
Osteoporosis
Paget's Disease
Others
Based on Types the Market is categorized into Below types that held the largest Bone & Mineral Testing market share In 2023.
Bone marker test
Immunoassay
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Bone & Mineral Testing Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Bone & Mineral Testing Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Bone & Mineral Testing Market, By Type
6. Global Bone & Mineral Testing Market, By Application
7. Global Bone & Mineral Testing Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Bone & Mineral Testing Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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