The Bone Densitometer Market Size was valued at USD 314.1 million in 2023 and is expected to reach USD 453.5 million by 2031, and grow at a CAGR of 4.7% over the forecast period 2024-2031.
The growth of the bone densitometer market will be supported by an increasing elderly population worldwide, which is at high risk for developing some types of bone disorders. For example, according to the UN Department of Economic and Social Affairs' estimates, by 2050 there are expected to be nearly 1.50 billion people aged 65 years or older. In addition, the need for bone densitometry as a valuable tool for screening, diagnosis and management of osteoporosis and vitamin D deficiency is highlighted by an increase in the incidence of osteoporosis and vitamin D deficiency. Bone densitometers facilitate risk assessment, treatment planning and monitoring of these conditions in order to improve patient outcomes through accurate evaluation of bone health.
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DRIVERS
Raise the number of elderly people
Rising Incidence Osteoporosis
Densitometers, for example osteomalacia, osteoarthritis and osteoporotic fractures, assist in the detection and diagnosis of osteoporosis, osteopenia and diseases which lead to bone loss. The bone density of the patient is measured by a bone densitometer, which will determine whether or not these diseases occur. As per the International Osteoporosis Foundation (IOF), osteoporosis results in over 8.91 million fractures worldwide each year, equating to an osteoporotic fracture happening every three seconds.
RESTRAINTS
The cost of bone densitometers is much higher.
Dual-energy X-ray absorptiometry (DEXA) is a commonly used technique for assessing bone mineral density. However, one of the main reasons why DEXA scanners are not widely used in developing countries is their relatively high cost. The average price of these products is between 9,180 and 199,000 USD. These systems are not affordable for most small and medium sized hospitals with controlled budgets, and instead they prefer significantly lower conventional prices. This is likely to limit the use of detectors for conversion from traditional analogue systems into Digital Systems, which poses a significant problem on the market.
OPPORTUNITIES
Opportunities for growth in the emerging markets
Major growth opportunities for players in the bone densitometers market are offered by developing countries, including India, China and Brazil. Some of the main factors expected to contribute to market growth in these countries during the forecast period are high target patient population, improved healthcare infrastructure and growing awareness about health care. Governments invest heavily in their health systems to respond to the increasing need for diagnosis and detection of bone deformities and associated diseases across these countries.
CHALLENGES
The reimbursement scenario which is not favourable
Lack of access to diagnostics
Most bone diseases, such as osteoporosis and osteopenia, are not diagnosed or treated despite their widespread occurrence. This is due to a lack of or minimal knowledge about these diseases in developing countries, as well as the absence of sufficient resources for their detection. Osteoporosis develops slowly and is usually diagnosed in people over 60 years (and above 40 years in menopausal women).
The availability and distribution of medical equipment, for example bone densitometers, may be affected by the current conflict in Russia and Ukraine. There may be a disruption of the supply chain for production and transport, which could lead to delays in procurement or maintenance of these devices. Moreover, access to bone densitometers may be further complicated by financial instability and the allocation of resources according to different priorities in those regions.
The reimbursement rate for haemodialysis, including laboratory tests and the cost of all IV drugs, has not been interrupted or modified by Ukraine's National Health System since the start of the war. Although Fresenius Medical Care's (FME) proportion of kidney replacement therapy (KRT) patients undergoing dialysis in its NephroCare (NC) clinics is relatively small (3.8% and 2.0% of the entire haemodialysis and peritoneal dialysis population in Ukraine, respectively), a concise narrative outlining the managerial obstacles encountered by healthcare professionals at the NC clinics and the challenges faced by dialysis patients is a valuable testimony to the strain inflicted by this war on a vulnerable, high-risk population reliant on intricate dialysis technology.
As governments and healthcare organisations face budget constraints, the economic slowdown usually leads to a reduction in health expenditure. Investments in medical equipment, including bone densitometers, can be reduced as a result of this funding decrease. Individuals may postpone essential medical procedures, such as bone density tests, due to financial constraints during economic slowdown. The market may be negatively affected by this decrease in demand for bone densitometry services, leading to lower sales and revenue of the manufacturer. Delayed equipment upgrades: To conserve financial resources, healthcare facilities may delay or cancel plans for upgrading or replacing existing bone densitometers. This may result in an ageing equipment pool, which may affect the accuracy and reliability of the bone density test results.
By Technology
Axial Bone Densitometry
Dual energy x-ray absorptiometry (DEXA)
Quantitative computed tomography (QCT)
Peripheral Bone Densitometry
Quantitative ultrasound (QUS)
Radiographic Absorptiometry (RA)
Other Peripheral Bone Densitometry instruments
In 2023, the axial bone densitometry segment accounted for the highest revenue of USD 161.2 million. Dual-energy X-ray absorptiometry (DEXA) stands out as the primary method for assessing bone density in the body. This device is often employed for both the Central and Peripheral Bone density scans because of its high precision, ease of use and safety in adults and children.
By Application
Osteoporosis and osteopenia diagnosis
Cystic fibrosis diagnosis
Chronic kidney diseases diagnosis
Body composition measurement diagnosis
Rheumatoid arthritis diagnosis
In 2023, the osteoporosis and osteopenia diagnosis segment held a largest market share of 39.5%. Common conditions are osteoporosis and osteopenia, particularly in older people. The need for accurate bone densitometry, to determine and monitor bone health is driven by the increased incidence of these conditions. In addition, bone densitometry plays an important role in assessing the risk of fractures linked to osteoporosis and osteopenia. Bone densitometry aids in assessing the probability of fractures in individuals by measuring bone mineral density (BMD) at particular sites like the hip and spine.
By End User
Hospitals & specialty clinics
Diagnostic & imaging centers
Other end users
In 2023, the hospital & specialty clinic segment represents a significant share of 57.9% global market for bone densitometer. Due to the higher preference of patients for hospital based treatment monitoring of diseases such as cystic fibrosis, chronic kidney disease, and osteoporosis, a majority of bone density scans are performed in hospitals, which is driving segment growth.
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North America has the largest market share in the bone densitometer market, which is driven by the demand for bone densitometers. Also, due to a well-established healthcare infrastructure and a high incidence of osteoporosis and related bone disorders, in addition, the region has an increasing elderly population that is more prone to bone health problems. In addition, North America's dominant position in the bone densitometer market is further supported by the presence of major players on the market, technological advances and favourable reimbursement policy.
The Asia Pacific region is expected to show faster growth over the forecast period. The demand for bone densitometers is driven by a large and ageing population, as well as increased awareness of the issue of bone health and osteoporosis. In addition, accessibility to diagnostic technologies is facilitated by increasing health care costs and improving healthcare infrastructure. In addition, easier access to diagnostic technologies is facilitated by increasing healthcare costs and the development of medical infrastructure. Increased use of bone densitometers is also a result of the increasing incidence of osteoporosis and related bone disorders in this region.
REGIONAL COVERAGE:
North America
US
Canada
Mexico
Europe
Eastern Europe
Poland
Romania
Hungary
Turkey
Rest of Eastern Europe
Western Europe
Germany
France
UK
Italy
Spain
Netherlands
Switzerland
Austria
Rest of Western Europe
Asia Pacific
China
India
Japan
South Korea
Vietnam
Singapore
Australia
Rest of Asia Pacific
Middle East & Africa
Middle East
UAE
Egypt
Saudi Arabia
Qatar
Rest of the Middle East
Africa
Nigeria
South Africa
Rest of Africa
Latin America
Brazil
Argentina
Colombia
Rest of Latin America
Some of the major key players are DMS Imaging, BeamMed Ltd., Ecolight S.P.A., Demetech AB., Medonica Co. Ltd, General Electric Company, Osteometer MediTech Inc., Hologic Inc., Swissray International Inc., Medilink and Other Players.
In February 2022, Aurora Spine collaborated with Echolight Medical, the maker of the radiation-free "EchoS portable densitometer," which is employed to evaluate the software platform's efficacy and the bone mineral density (BMD) in affected patients. The two undertakings have chosen to place their products on the Aurora DEXA Platform in order to market them to each other's customer and prospects. This partnership will help companies to accelerate their revenue growth.
In May 2022, Echolight introduced the first radiation free technology for a portable bone densitometer at Florida Orthopedic Society's annual scientific meeting, Radiofrequency Echographic Multi Spectrometry REMS), which can safely monitor key indicators of bone health with higher frequency testing than any other methods.
| Report Attributes | Details |
|---|---|
| Market Size in 2023 | US$ 314.1 million |
| Market Size by 2031 | US$ 453.5 Billion |
| CAGR | CAGR of 4.7% From 2024 to 2031 |
| Base Year | 2023 |
| Forecast Period | 2024-2031 |
| Historical Data | 2020-2022 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • By Technology (Axial Bone Densitometry, Dual energy x-ray absorptiometry (DEXA), Quantitative computed tomography (QCT), Peripheral Bone Densitometry, Quantitative ultrasound (QUS), Radiographic Absorptiometry (RA)) • By Application (Osteoporosis and osteopenia diagnosis, Cystic fibrosis diagnosis, Chronic kidney diseases diagnosis, Body composition measurement diagnosis, Rheumatoid arthritis diagnosis) • By End User (Hospitals & specialty clinics, Diagnostic & imaging centers) |
| Regional Analysis/Coverage | North America (USA, Canada, Mexico), Europe (Germany, UK, France, Italy, Spain, Netherlands, Rest of Europe), Asia-Pacific (Japan, South Korea, China, India, Australia, Rest of Asia-Pacific), The Middle East & Africa (Israel, UAE, South Africa, Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America) |
| Company Profiles | DMS Imaging, BeamMed Ltd., Ecolight S.P.A., Demetech AB., Medonica Co. Ltd, General Electric Company, Osteometer MediTech Inc., Hologic Inc., Swissray International Inc., Medilink. |
| Key Drivers | • Osteoporosis is progressing at a rise • Raise in the population of geriatrics |
| RESTRAINTS | • Very expensive bone densitometry |
Ans: The Bone densitometer Market size was valued at US$ 314.1 billion in 2023
Ans. The Bone densitometer Market is to grow at a CAGR of 4.7% over the forecast period 2024-2031
Ans. Key drivers of the Bone densitometer Market is Raise in the population of geriatrics, and decline in kidney disease prevalence
Ans. DMS Imaging, BeamMed Ltd., Ecolight S.P.A., Demetech AB., Medonica Co. Ltd, General Electric Company are the key plyer of Bone densitometer Market.
Ans. Top-down, bottom-up, Quantitative, Qualitative Research, Descriptive, Analytical, Applied, Fundamental Research.
TABLE OF CONTENTS
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Industry Flowchart
3. Research Methodology
4. Market Dynamics
4.1 Drivers
4.2 Restraints
4.3 Opportunities
4.4 Challenges
5. Impact Analysis
5.1 Impact of Russia-Ukraine Crisis
5.2 Impact of Economic Slowdown on Major Countries
5.2.1 Introduction
5.2.2 United States
5.2.3 Canada
5.2.4 Germany
5.2.5 France
5.2.6 UK
5.2.7 China
5.2.8 Japan
5.2.9 South Korea
5.2.10 India
6. Value Chain Analysis
7. Porter’s 5 Forces Model
8. Pest Analysis
9. Bone Densitometer Market, By Technology
9.1 Introduction
9.2 Trend Analysis
9.3 Axial Bone Densitometry
9.4 Dual energy x-ray absorptiometry (DEXA)
9.5 Quantitative computed tomography (QCT)
9.6 Peripheral Bone Densitometry
9.7 Quantitative ultrasound (QUS)
9.8 Radiographic Absorptiometry (RA)
9.9 Other Peripheral Bone Densitometry instruments
10. Bone Densitometer Market, By Application
10.1 Introduction
10.2 Trend Analysis
10.3 Osteoporosis and osteopenia diagnosis
10.4 Cystic fibrosis diagnosis
10.5 Chronic kidney diseases diagnosis
10.6 Body composition measurement diagnosis
10.7 Rheumatoid arthritis diagnosis
11. Bone Densitometer Market, By End-user
11.1 Introduction
11.2 Trend Analysis
11.3 Hospitals & specialty clinics
11.4 Diagnostic & imaging centers
11.5 Other end users
12. Regional Analysis
12.1 Introduction
12.2 North America
12.2.1 USA
12.2.2 Canada
12.2.3 Mexico
12.3 Europe
12.3.1 Eastern Europe
12.3.1.1 Poland
12.3.1.2 Romania
12.3.1.3 Hungary
12.3.1.4 Turkey
12.3.1.5 Rest of Eastern Europe
12.3.2 Western Europe
12.3.2.1 Germany
12.3.2.2 France
12.3.2.3 UK
12.3.2.4 Italy
12.3.2.5 Spain
12.3.2.6 Netherlands
12.3.2.7 Switzerland
12.3.2.8 Austria
12.3.2.9 Rest of Western Europe
12.4 Asia-Pacific
12.4.1 China
12.4.2 India
12.4.3 Japan
12.4.4 South Korea
12.4.5 Vietnam
12.4.6 Singapore
12.4.7 Australia
12.4.8 Rest of Asia Pacific
12.5 The Middle East & Africa
12.5.1 Middle East
12.5.1.1 UAE
12.5.1.2 Egypt
12.5.1.3 Saudi Arabia
12.5.1.4 Qatar
12.5.1.5 Rest of the Middle East
11.5.2 Africa
12.5.2.1 Nigeria
12.5.2.2 South Africa
12.5.2.3 Rest of Africa
12.6 Latin America
12.6.1 Brazil
12.6.2 Argentina
12.6.3 Colombia
12.6.4 Rest of Latin America
13. Company Profiles
13.1 DMS Imaging
13.1.1 Company Overview
13.1.2 Financial
13.1.3 Products/ Services Offered
13.1.4 SWOT Analysis
13.1.5 The SNS View
13.2 BeamMed Ltd.
13.2.1 Company Overview
13.2.2 Financial
13.2.3 Products/ Services Offered
13.2.4 SWOT Analysis
13.2.5 The SNS View
13.3 Ecolight S.P.A.
13.3.1 Company Overview
13.3.2 Financial
13.3.3 Products/ Services Offered
13.3.4 SWOT Analysis
13.3.5 The SNS View
13.4 Demetech AB.
13.4.1 Company Overview
13.4.2 Financial
13.4.3 Products/ Services Offered
13.4.4 SWOT Analysis
13.4.5 The SNS View
13.5 Medonica Co. Ltd
13.5.1 Company Overview
13.5.2 Financial
13.5.3 Products/ Services Offered
13.5.4 SWOT Analysis
13.5.5 The SNS View
13.6 General Electric Company
13.6.1 Company Overview
13.6.2 Financial
13.6.3 Products/ Services Offered
13.6.4 SWOT Analysis
13.6.5 The SNS View
13.7 Osteometer MediTech Inc.
13.7.1 Company Overview
13.7.2 Financial
13.7.3 Products/ Services Offered
13.7.4 SWOT Analysis
13.7.5 The SNS View
13.8 Hologic Inc.
13.8.1 Company Overview
13.8.2 Financial
13.8.3 Products/ Services Offered
13.8.4 SWOT Analysis
13.8.5 The SNS View
13.9 Swissray International Inc.
13.9.1 Company Overview
13.9.2 Financial
13.9.3 Products/ Services Offered
13.9.4 SWOT Analysis
13.9.5 The SNS View
13.10 Medilink.
13.10.1 Company Overview
13.10.2 Financial
13.10.3 Products/ Services Offered
13.10.4 SWOT Analysis
13.10.5 The SNS View
14. Competitive Landscape
14.1 Competitive Benchmarking
14.2 Market Share Analysis
14.3 Recent Developments
14.3.1 Industry News
14.3.2 Company News
14.3.3 Mergers & Acquisitions
15. Use Case and Best Practices
16. Conclusion
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