Overview and Scope
A bone densitometer refers to medical equipment used to calculate bone mineral density. A bone densitometer is an improved X-ray medical device used to measure the minerals and density of bones in hospitals and diagnostic centers. The bone densitometer aims to gather medical status related to loss of bone minerals, osteopenia or osteoporosis, risk of fracture, and bone-related medical conditions.
Sizing and Forecast
The bone densitometer market size has grown strongly in recent years. It will grow from <b>$1.27 billion in 2023 to $1.38 billion in 2024 at a compound annual growth rate (CAGR) of 9.1%. </b> The growth in the historic period can be attributed to aging population, rise in awareness about the importance of bone health, rise in healthcare infrastructure, economic growth.
The bone densitometer market size is expected to see strong growth in the next few years. It will grow to <b>$2 billion in 2028 at a compound annual growth rate (CAGR) of 9.6%. </b> The growth in the forecast period can be attributed to rise in preventive healthcare, rising research and development, rising healthcare spending, increasing prevalence of osteoporosis. Major trends in the forecast period include artificial intelligence (ai) integration, sustainability and green technology, wearable bone health monitoring, patient engagement solutions, remote monitoring.
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Segmentation & Regional Insights
The bone densitometer market covered in this report is segmented –
1) By Type: DXA Systems, Peripheral Bone Densitometers, Radiographic Absorptiometry Scanners, Quantitative Ultrasound Scanners
2) By Application: Osteoporosis & Osteopenia Diagnosis, Cystic Fibrosis Diagnosis, Body Composition Measurement, Rheumatoid Arthritis Diagnosis
3) By End-User: Hospitals, Clinics, Diagnostic and Imaging Centers, Other End-Users
<b>North America</b> was the largest region in the bone densitometer market in 2023. <b>Asia-Pacific</b> is expected to be the fastest-growing region in the forecast period.The regions covered in the bone densitometer market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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Major Driver Impacting Market Growth
The surge in the incidence of osteoporosis is expected to propel market demand for bone densitometers. Osteoporosis medical condition characterized by a decrease in density of bone and strength and resulting in fragile bones. Osteoporosis is caused by low calcium intake, genetic disorders, gastrointestinal surgery, and other factors. Through the help of a bone densitometer, medical institutions calculate quantitative bone density through particular technology and applications, thus helping in the treatment. There will be a surge in demand for bone densitometers in response to the surge in the incidences of osteoporosis. For instance, in 2022, according to a report by Amgen, a US-based biotechnology company, an estimated 1.5 million Americans experience a fracture each year due to osteoporosis, and the associated costs total $19 billion. Therefore, the increasing cases of osteoporosis globally will drive the growth of the bone densitometer market.
Key Industry Players
Major companies operating in the bone densitometer market include <b> Diagnostic Medical Systems SA, GE Healthcare Technologies Inc., Hologic Inc., BeamMed Ltd., Demetech AB, Osteometer Meditech Inc., OSTEOSYS Corp., Trivitron Healthcare Private Limited, Swissray International Inc., MEDILINK Global Ltd., Xingaoyi Medical Equipment Co. Ltd., Echolight S.p.a, Eurotec Medical Systems srl, Scanflex Healthcare AB, Medonica Co. Ltd., CyberLogic Inc., Oscare Medical Oy, L’Acn Srl., Shenzhen Xray Electric Co. Ltd., YOZMA BMTech Co. Ltd., Nanoomtech Co. Ltd., FURUNO Electric Co. Ltd., ARTANN Laboratories Inc., StemLab Inc., CooperSurgical Inc., Medtronic PLC, Siemens AG, Canon Medical Systems Corporation, Koninklijke Philips N.V., Samsung Medison Co. Ltd. </b>
The bone densitometer market report table of contents includes:
1. Executive Summary
2. Bone Densitometer Market Characteristics
3. Bone Densitometer Market Trends And Strategies
4. Bone Densitometer Market – Macro Economic Scenario
5. Global Bone Densitometer Market Size and Growth
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26. South America Bone Densitometer Market
27. Brazil Bone Densitometer Market
28. Middle East Bone Densitometer Market
29. Africa Bone Densitometer Market
30. Bone Densitometer Market Competitive Landscape And Company Profiles
Top Major Players:
- Diagnostic Medical Systems SA
- GE Healthcare Technologies Inc
- Hologic Inc
- BeamMed Ltd
- Demetech AB
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