Bone densitometers are devices used to measure the calcium and density of the bones. The global bone densitometer devices market size in 2021 was $312.33 million, and by 2030 it is expected to reach $448.79 million at a CAGR of 4.11% during forecast period 2021-2030.
Bone densitometer devices, such as the ge bone densitometer, are also used to monitor changes in the bone. The rising incidence of osteoporosis, the huge focus on research and development, and the ever-increasing senior population all contribute significantly to the market’s growth.
Bone densitometer market dynamics
Market Drivers
- The rising prevalence of osteoporosis is a driving factor in the Bone Densitometers Market. Globally, the condition affects 6.3% of males over the age of 50 and 21.2% of females in the same age range. It has accelerated the growth of the global market for bone densitometers.
- Along with this, the growing senior population, which is more susceptible to bone-related illnesses, is fueling the growth of the bone densitometer device market. According to the World Health Organization, the percentage of people aged 60 and up in the world will rise from 12% to 22% between 2015 and 2050, with an increase in the number of fragility fractures driving the industry forward.
- Other factors such as advances in 3D bone density scans, DXA scanners that have allowed better and more precise diagnosis, and enhanced expenditures to strengthen the current healthcare infrastructure are expected to contribute to the market’s positive outlook.
Restraints
Lesser awareness, higher equipment costs, and a shortage of medical professionals, particularly in developing and undeveloped economies, are hampering the market’s growth.
Opportunities
- Growing economies and people’s ever-changing lifestyles will create a massive growth opportunity for the bone densitometer market. By 2027, the Chinese market for bone densitometer devices is expected to generate more than US$ 20 million in revenue, while India’s market is expected to generate more than US$ 17 million.
- Emerging market trends and various osteoporosis awareness programs carried out by non-governmental organizations (NGOs), as well as numerous papers on clinical densitometry published by multiple publishers worldwide, are also expected to boost market demand in the future.
- Moreover, recent developments in various products such as portable bone densitometer, accudexa bone densitometer, Hologic discovery c bone densitometer, axial bone densitometers, osteodensitometry help in determining forearm, knee, lumbar spine, hip, fracture bone density, hypogonadism, hypothyroidism, and so on.
Bone densitometer market segmentation
The bone densitometer market is segmented on the basis of technology, application, end-user, and region.
Based on technology, the bone densitometer market is segmented into dual-energy X-ray absorptiometry (DXA), ultrasound, absorptiometry, and others.
- The Dual Energy X-Ray Absorptiometry sector controlled more than half of the global bone densitometers market in 2020, according to technology. It is expected to expand at a CAGR of 4.3% between 2020 and 2030, increasing the number of orthopedic disease treatments worldwide. The method of axial bone densitometry that is used the most is DEXA bone density.
On the basis of type, the bone densitometer market is segmented into axial and peripheral bone densitometers.
- Because of the widespread use of densitometers based on this technique, axial bone densitometry held the largest market share for bone densitometer devices. Furthermore, due to the high prevalence of orthopedic patients, the increasing adoption rate is attributed to axial bone densitometers that meet various clinical criteria.
Based on end-user, the market is segmented into hospitals, clinics, and other medical facilities.
- The most profitable segment is expected to be hospitals. The Diagnostic Centres sector, on the other hand, is expected to grow rapidly due to an increase in the number of orthopedic patients.
- Due to the continuous rise in instrument prices, the Clinic segment is expected to grow at a CAGR of 4.3% from 2020 to 2030.
- The bone densitometer market is divided into North America, Europe, Asia-, and LAMEA. With an overall valuation of more than US$ 150 million, a market revenue share of more than 50% by 2026, and a CAGR of 3.6% during the projection period, the North American region held the largest share of the market.
Major players operating in the bone densitometer market are:
- GE Healthcare
- Medonica Co. Ltd.
- Hologic Inc.
- Trivitron Healthcare
- Oscare Medical OY
- BeamMed Ltd.
- Ampall CO. Ltd.
The global bone densitometer market is booming due to an increase in osteoporosis cases, an increase in accidents, and the emergence of improved bone densitometer products by many key players. The increase in the number of bone-related disorders has increased the use of bone densitometer products, boosting the progress of the bone densitometer market.
