Bone Densitometer Devices Market is expected to reach a valuation of US$ 501.4 Million by 2032

The global Bone Densitometer Devices Market will be expected to be worth US$ 335.7 million in 2022 and US$ 501.4 million by 2032. Bone densitometer devices use a non-invasive procedure to check bone density and strength. It is required to diagnose bone diseases and assess the risk of developing them.

Bone densitometer devices are used to perform a non-invasive procedure to check the bone density and gauge the strength of bones. These devices are necessary while diagnosing bone-related disorders.

Bone densitometers also analyze the risk of developing bone disorders. One of the major market drivers for bone densitometer devices is the rising incidences of knee osteoarthritis. With over 203 knee osteoarthritis cases for every 10,000 persons, 20 years of age and above, bone densitometer devices are expected to be in high demand in the upcoming years.

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Moreover, a surge in favorable reimbursement policies by Medicare will likely spur the demand for bone densitometer devices, particularly in countries like India and the U.S. Medicare provides private health insurance plans for the treatment of osteoporosis, which in turn accounts for the increasing expansion of the bone densitometer devices market. Also, many manufacturers are keen on releasing innovative products with novel offerings like low dosage and patented narrow-fan beam technology.

This factor coupled with the rising need for excellent precision and accuracy, high definition image quality, and faster scan for multiple clinical applications will foster an atmosphere of the growth for the target over the projected period.

“Growing bone health awareness, more widespread knowledge about osteoporosis along with initiatives from NGOs and government organizations will likely drive the market growth for the bone densitometer devices over the forecast period,” says an FMI analyst.

Key Takeaways:

  • Heightened demand for precise, speedy and high quality diagnosis to strengthen the market prospects.
  • High cost of the target product and limitations of the DXA technology of bone densitometer device will impede market growth.
  • The U.S. will dominate the global market space with a CAGR of 4.9%.
  • The market in Germany will be driven by increasing bone disorder awareness programs.
  • Axial bone densitometer segment will grow at a CAGR of 4.2%
  • In terms of technology, Dual Energy X-Ray Absorptiometry will hold about 3/5th of total revenue.

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Competitive Landscape 

GE Healthcare, Hologic, Inc., OSI Systems, Inc., Diagnostic Medical Systems Group, Swissray Global Healthcare Holding, Ltd., BeamMed, Ltd., Echolight S.P.A, Scanflex Healthcare AB, Medonica Co., Ltd., XinGaoYi Co., Ltd., Anjue Medical Equipment, Trivitron Healthcare, Eurotec Systems S.r.l, AMPall Co., Ltd., L’acn L’accessorio Nucleare S.R.L, Shenzhen XRAY Electric Co., Ltd., YOZMA BMTech Co., Ltd., Nanoomtech Co., Ltd., Osteosys Corporation, FURUNO Electric Co., Ltd ., and others are some of the major players in the bone densitometer devices market profiled in the full version of the report.

Leading market players are concentrating on improving their product features to expand their business and enter new markets. Strategies like mergers, acquisitions, and distribution agreements are also employed by these enterprises to strengthen their position in the bone densitometer devices market.

Bone Densitometer Devices Market by Category

By Product:

  • Peripheral Bone Densitometer
  • Axial Bone Densitometer

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By Technology:

  • Dual Energy X-Ray Absorptiometry (DXA)
  • Peripheral Dual Energy X-Ray
  • Absorptiometry (pDXA)
  • Quantitative Ultrasound (QUS)
  • Others

By End-User:

  • Hospitals
  • Orthopedic Clinics
  • Diagnostic Centers

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Future Market Insights (ESOMAR-certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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About the Author

Ronak Shah

Associate Vice President at Future Market Insights is deeply committed to uncovering actionable insights for consumer and food and beverage players. She brings a unique blend of analysis, industry trends, and consumer behavior to put data into perspective.

What she makes out of data becomes a delight to read. She has authored many opinions, including for publications like Process Industry Informer and Spinal Surgery News, as she understands the market pulse and consumers' shifting preferences.

She likes to bring experts to a roundtable to weigh the impact of a trend on an industry. Catch up with her discussion on the impact of AI in packaging.

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