Rapidly Aging Population & Focus on Early Diagnosis of Osteoporosis to Foster Growth in the Global Bone Densitometers Market


The global market for Bone Densitometers is projected to reach US$1 billion by 2024, driven by the aging population, rising incidence of osteoporosis, growing awareness and technological advances.  

The global market for bone densitometers is witnessing sizable growth, with a potential to grow further over the forthcoming period. Increasing geriatric population and associated increase in prevalence of osteoporosis and growing number of related fractures are the major factors driving growth in the market. Given its capability to non-invasively diagnose body mass and bone density, bone densitometers are finding increasing use in addressing the diagnostic needs of growing geriatric population worldwide. Other factors driving growth in the global market include growing prevalence of osteoporosis among women, increasing incidences of vitamin D deficiencies, rising demand from emerging markets, and growing advances on the technological front in these systems. Extension of applications of bone densitometers to body composition measurements are expected to increase utilization of existing systems and drive new sales.

Axial dual energy X-ray absorptiometry (DEXA) represents the most well-established and considered as gold standard in bone density measurement and fracture risk assessment. Axial Bone Densitometers represent the largest segment in the market in revenue terms, while Peripheral Bone Densitometers lead in volume sales. While the demand for axial bone densitometers is expected to surge through the forthcoming years due to their high level of precision and accuracy, the demand for peripheral QCT bone densitometers is anticipated to increase mainly due to its core characteristics like portability, high sensitivity, less radiation exposure, less scanning time, and high accuracy and precision. Peripheral bone densitometers, which include peripheral QCT, peripheral DEXA, QUS and others, are expected to spearhead growth in the market.

As stated by the new market research report on Bone Densitometers, the United States and Europe represents the largest regions worldwide for bone densitometers. Demand for bone densitometers is highly dependent on reimbursement levels, particularly in the developed markets of the US and EU. Improvement in reimbursements for hospital-based DEXA tests from 2017, coupled with the aging population and increasing incidence of osteoporosis are expected to drive sales in the US market. Emerging markets, however, are expected to spearhead growth in the global bone densitometers market. Asia-Pacific ranks as the fastest growing market worldwide with a CAGR of 6.1% in value terms and 7.0% in unit terms through the analysis period. Rising aging population, increasing awareness about osteoporosis, and rising healthcare expenditure are some of the factors driving market growth.

Major players in the market include Beammed Ltd., CompuMed, Inc., GE Healthcare, Hologic Inc., Osteometer MediTech, Inc., and The DMS Group among others. 

The research report titled “Bone Densitometers - Market Analysis, Trends, and Forecasts” announced by Global Industry Analysts Inc., provides a comprehensive review of market trends, issues, drivers, mergers, acquisitions and other strategic industry activities of global companies. The report provides market size estimates and projections for Bone Densitometers in units and revenue terms for all major geographic markets, such as United States, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia, and Rest of Europe), Asia-Pacific (China, India and Rest of Asia-Pacific), Middle East & Africa, and Latin America (Brazil and Rest of Latin America). The report also analyzes the global and regional markets for Bone Densitometers by the following product segments - Axial Bone Densitometers and Peripheral Bone Densitometers.

Global Industry Analysts, Inc. 6150 Hellyer Ave., San Jose CA 95138, USA, All Rights Reserved.

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