The global bone densitometers market was valued at USD 383.8 million in 2018. Surging geriatric population, increase in prevalence of osteoporosis across the globe, coupled with rapid technological advancements in bone densitometry are key factors driving the global bone densitometers market.
Bone densitometry is widely used for the diagnosis, treatment and monitoring of osteoporosis and is useful tool for the management of other metabolic bone disorders. Osteoporosis is creating huge healthcare burden and is majorly prevalent in population aged 50 years and above and postmenopausal women. According to International Osteoporosis Foundation (IOF), osteoporosis is prevalent in more than 200 million women across the globe. Moreover, osteoporosis causes more than 8.9 million fractures worldwide each year. These factors are expected to drive the global bone densitometers market in the next few years.
Moreover, rapid rise in technological advancements in bone densitometry are expected to drive the market in the future. However, high cost of bone densitometers is expected to hinder the growth of the bone densitometers market over the forecast period.
The global bone densitometers market is categorized based on technology, end-users and region. Based on technology, the global bone densitometers market is categorized into axial bone densitometry and peripheral bone densitometry. Axial bone densitometry segment held the largest share of the market in 2018. Bone densitometers are majorly used in hospitals & specialty clinics, diagnostic centers and other facilities for the diagnosis and monitoring of osteoporosis. Hospitals and specialty clinics segment grabbed majority of the share of the global bone densitometers market in 2018. Geographically, North America dominated the global bone densitometers market in 2018, however, Asia Pacific is expected to be the fastest growing region by 2025.
Key players operating in the global bone densitometers market include GE Healthcare, Hologic Inc., Diagnostic Medical Systems Group, BeamMed, Ltd., OSI Systems, Inc., Osteosys Corporation, CompuMed, Inc., Trivitron Healthcare, Osteosys Corporation, Medonica Co., Ltd., Lone Oak Medical Technologies LLC, Osteometer MediTech, Inc. among others.
Key Segments of the Global Bone Densitometers Market
Technology Overview, 2015-2025 (USD Million)
- Axial Bone Densitometry
- Dual Energy X-Ray Absorptiometry (DEXA)
- Quantitative Computed Tomography (QCT)
- Peripheral Bone Densitometry
- Single Energy X-Ray Absorptiometry (SEXA)
- Dual Energy X-Ray Absorptiometry (pDEXA)
- Radiographic Absorptiometry (RA)
- Quantitative Ultrasound Scanners (QUS)
- Peripheral Quantitative Computed Tomography (pQCT)
End-users Overview, 2015-2025 (USD Million)
- Hospitals & Specialty Clinics
- Diagnostic Centers
Regional Overview, 2015-2025 (USD Million)
- North America
- United Kingdom
- Rest of Europe
- Asia Pacific
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East & Africa
Reasons for the study
- Increase in incidence of osteoporosis
- Rapid technology advancements in bone densitometers industry
- Increase in adoption of central dual energy X-Ray absorptiometry (DEXA)
What does the report include?
- The study on the global bone densitometers market includes qualitative insights such as drivers, restraints, challenges and opportunities
- Additionally, the market has been evaluated using the Porter’s Five Forces analysis
- The study covers qualitative and quantitative analysis of the market segmented on the basis of technology, and end-users. Moreover, the study on bone densitometers market provides similar information for the key geographies.
- Actual market sizes and forecasts have been provided for all the above-mentioned segments
- The study includes the profiles of key players operating in the market with a significant global and/or regional presence
Who should buy this report?
- The report on the global bone densitometers market is suitable for all the players across the value chain including raw material suppliers, hospitals, clinics, diagnostic centers, medical device manufacturers, healthcare organizations, distributors, suppliers and technology geeks
- Venture capitalists and investors looking for more information on the future outlook of the global bone densitometers market
- Consultants, analysts, researchers, and academicians looking for insights shaping the global bone densitometers market
Accurate measurement of bone mass density provides valuable information for assessing, monitoring and treating a range of metabolic bone disorders including osteoporosis. Bone densitometry through dual-energy X-ray absorptiometry (DEXA) scan has become gold standard method for diagnosing osteoporosis and assessment of individuals’ risk of developing osteoporotic fractures. Rapid rise in prevalence of osteoporosis and increase in volume of hip fractures will lead to increased demand for bone densitometers in the future. According to National Osteoporosis Foundation, approximately 75 million people are affected with osteoporosis in U.S., Europe and Japan. Also, it is estimated that, 30-50% of women and 20-30% of men will suffer from osteoporosis related fracture in their lifetime. Moreover, major industry players are also investing in R&D to develop technologically advanced bone densitometers. Launch of innovative integrated connectivity solutions, automated tools and digital detectors that enhance image quality and patient outcomes is expected to accelerate the growth of the market in the future.
The global bone densitometers market has been segmented based on technology, end-users, and region. Based on technology, the global bone densitometers market is categorized into axial bone densitometry and peripheral bone densitometry. Axial bone densitometry is further categorized into dual energy X-Ray absorptiometry (DEXA) and quantitative computed tomography (QCT). Peripheral bone densitometry is segmented into single energy X-Ray absorptiometry (SEXA), dual energy X-Ray absorptiometry (pDEXA), quantitative ultrasound scanners (QUS), radiographic absorptiometry (RA) and peripheral quantitative computed tomography (pQCT). Axial bone densitometry dominated the global market in 2018 owing to rapid adoption of central DXA based bone densitometers for the diagnosis of osteoporosis and other metabolic diseases. Low radiation dose, low cost, high precision and accuracy by DEXA, has made it a preferred choice for bone mineral density monitoring in clinical practice.
On the basis of end-users, the global bone densitometers market is segmented into hospitals & specialty clinics, diagnostic centers and others. Hospitals & specialty clinics segment dominated the global bone densitometers market in 2018. Presence of well-established infrastructure facilities, high adoption of automated systems, and increase in preference of patients for diagnosis of osteoporosis in hospitals will propel the growth of the segment in the next few years.
The global bone densitometers market is cumulative to North America, Europe, Asia Pacific, Latin America and Middle East & Africa. North America dominated the global bone densitometers market in 2018, however Asia Pacific is expected to grow at a highest pace through 2025.
Increase in incidence of osteoporosis along with rapidly increasing elderly population in the U.S. is major factors expected to drive the bone densitometers market in the region. According to National Osteoporosis Foundation (NOF), approximately 54 million Americans were living with osteoporosis in 2014. The number of adults over age 50 with osteoporosis or low bone mass is estimated to reach 64.4 million by 2020 and 71.2 million by 2030. Similarly, osteoporosis affects approximately 1.4 million Canadians, mainly postmenopausal women and the elderly population. Presence of such large patient population will increase the demand for bone densitometers in the future. Furthermore, favorable reimbursement policies, launch of technologically advanced bone densitometers by key industry players is other major factor likely to boost the growth of the market in North America.
Europe is anticipated to grow at a substantial rate over the forecast period owing to high prevalence of osteoporosis coupled with increase in cases of fractures in the region. For instance, according to International Osteoporosis Foundation (IOF), the annual number of fractures in Europe will rise from 3.5 million in 2010 to 4.5 million by 2025, witnessing an increase of 28%. This, in turn, will stimulate the demand for bone densitometers in the next few years.
However, Asia Pacific is expected grow at a rapid pace over the next few years. There is a strong growth potential in the emerging economies such as India, and China. The rapidly rising geriatric population in countries such as India and China provide large market for bone densitometers. According to the United Nations, China and India together were home to over one third of the world’s population aged 60 years or over in 2017. Moreover, osteoporosis is greatly under diagnosed and undertreated in these countries owing to limited availability of bone densitometers in rural areas. According to IOF, osteoporosis affects approximately 70 million individuals aged 50 years and causes 687,000 hip fractures in China every year. Presence of high unmet medical needs along with surge in incidence of osteoporosis in the developing countries, divert the focus of market players to serve the untapped population in these emerging economies. Such factors will escalate demand for bone densitometers over the coming years.