Download Sample, The Global Market for Bone Densitometers has been Driven by the Rising Incidence of Osteoporosis
Bone densitometers have seen rapid growth in the market in recent years. This is partially due to an increase in awareness of bone health, particularly as populations get older. More people require bone density examinations as a result of the increased risk of osteoporosis and fractures as we age. New technology is also making the machines more advanced and user-friendly. As a result, more individuals may take advantage of them and they become more precise and accessible in more locations.
Moreover, the possibility of fractures can significantly lower a person's quality of life and raise the possibility of complications that could lead to death. It is estimated that about 200 million people worldwide are affected by osteoporosis at this time. Altogether, 1 in 5 men and 1 in 3 women over 50, may suffer an osteoporotic fracture at some point in their lives, according to new data from the International Osteoporosis Foundation.
The market for bone densitometers has been driven by the rising incidence of osteoporosis and improved screening efforts that have raised awareness of the disease's diagnosis. The elderly population is prone to osteoporosis and other bone-related conditions. By 2050, the U.S. Department of Health and Human Services projected that 1.5 billion people would be 65 years of age or older worldwide. Demand for Bone densitometers has increased due to rising geriatric populations and longer life expectancies. The bone densitometer market is projected to grow due to the advancement of bone mineral density testing devices, leading to an increased utilization of bone densitometer machines in the predictable future.
The rise in popularity of Bone densitometers is expected due to their ability to diagnose osteopenia or osteoporosis and predict potential future fractures. During the forecast period, dual-energy X-ray absorptiometry trends are anticipated to grow as a result of the rise in product approvals, offering profitable opportunities. Furthermore, continuous technological progress, including the implementation of integrated digital detectors, will drive the expansion of the osteoporosis diagnosis market. Leading healthcare research organizations are also helping to shape key trends and opportunities in the bone densitometer market through the creation of new evaluation methods for osteoporosis.
For instance, the simplicity of use and decreased measurement time are shown by computer-aided ultrasound densitometers. Ultrasound bone densitometers enable evaluation in different medical areas, such as endocrinology, gynecology, and more.
Moreover, the possibility of fractures can significantly lower a person's quality of life and raise the possibility of complications that could lead to death. It is estimated that about 200 million people worldwide are affected by osteoporosis at this time. Altogether, 1 in 5 men and 1 in 3 women over 50, may suffer an osteoporotic fracture at some point in their lives, according to new data from the International Osteoporosis Foundation.
The market for bone densitometers has been driven by the rising incidence of osteoporosis and improved screening efforts that have raised awareness of the disease's diagnosis. The elderly population is prone to osteoporosis and other bone-related conditions. By 2050, the U.S. Department of Health and Human Services projected that 1.5 billion people would be 65 years of age or older worldwide. Demand for Bone densitometers has increased due to rising geriatric populations and longer life expectancies. The bone densitometer market is projected to grow due to the advancement of bone mineral density testing devices, leading to an increased utilization of bone densitometer machines in the predictable future.
The rise in popularity of Bone densitometers is expected due to their ability to diagnose osteopenia or osteoporosis and predict potential future fractures. During the forecast period, dual-energy X-ray absorptiometry trends are anticipated to grow as a result of the rise in product approvals, offering profitable opportunities. Furthermore, continuous technological progress, including the implementation of integrated digital detectors, will drive the expansion of the osteoporosis diagnosis market. Leading healthcare research organizations are also helping to shape key trends and opportunities in the bone densitometer market through the creation of new evaluation methods for osteoporosis.
For instance, the simplicity of use and decreased measurement time are shown by computer-aided ultrasound densitometers. Ultrasound bone densitometers enable evaluation in different medical areas, such as endocrinology, gynecology, and more.
Bone-related Disorders is a Major Factor Driving the Dual-Energy X-ray Absorptiometry Market
Key factors driving the growth of the Bone densitometer systems market include the increasing occurrence of osteoarthritis and vitamin deficiencies, greater utilization of bone densitometers, and advancements in technology. In 2021, approximately 15% of Canadians aged 20 and older were reported to have osteoarthritis, as stated in a publication by the Arthritis Community Research and Evaluation Unit (ACREU). The rise in osteoporosis and bone-related disorders is a major factor propelling the dual-energy X-ray absorptiometry market. As the population ages and more people lead inactive lifestyles, the occurrence of osteoporosis is increasing, highlighting the need for early detection and ongoing monitoring. DEXA's accuracy in measuring bone mineral density helps identify osteoporosis early, allowing for prompt action to reduce the chances of fractures.
Moreover, the increasing knowledge and preventative actions taken to maintain bone health are also fuelling the rise in demand for DEXA systems worldwide, propelling market expansion. Increased awareness about osteoporosis, fractures, and other bone-related disorders leads people to pursue early methods of diagnosis. This knowledge promotes preventative healthcare methods, urging consistent screenings and evaluations of bone density. As a result, healthcare providers and diagnostic centers are experiencing increased requests for DEXA scans, leading to market expansion due to a growing focus on prevention and early detection for maintaining good bone health.
According to the National Institute of Health (NIH), in 2024, approximately 73.1% of the individuals involved in accidents experienced bone fractures in various areas of their bodies in which a bone densitometer was being used.
Moreover, the increasing knowledge and preventative actions taken to maintain bone health are also fuelling the rise in demand for DEXA systems worldwide, propelling market expansion. Increased awareness about osteoporosis, fractures, and other bone-related disorders leads people to pursue early methods of diagnosis. This knowledge promotes preventative healthcare methods, urging consistent screenings and evaluations of bone density. As a result, healthcare providers and diagnostic centers are experiencing increased requests for DEXA scans, leading to market expansion due to a growing focus on prevention and early detection for maintaining good bone health.
According to the National Institute of Health (NIH), in 2024, approximately 73.1% of the individuals involved in accidents experienced bone fractures in various areas of their bodies in which a bone densitometer was being used.
Recent Trends in the Bone Densitometer Industry:
- Technological advancements towards more precise and efficient imaging technologies.
- Increasing integration of other diagnostic technologies into bone densitometry.
- Developing portable and point-of-care bone densitometers.
- Software analysis is emerging as an alternative to DXA for assessing bone density.
- Advances in 3D imaging techniques and computational modelling.
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Impact of High Pricing Leads to Healthcare Professionals’ Buying Behaviour
Market growth is hampered by the limited awareness of bone health as well as the presence of other diagnostic options. Furthermore, worries about radiation exposure from x-ray densitometers could prevent certain patients from using them. Bone densitometers can be expensive to purchase and maintain, which can limit access for smaller healthcare facilities or those in less affluent regions. The price of the machine may pose a significant challenge for healthcare facilities, particularly those located in less affluent regions. Even with the purchase of the machine, there are additional expenses such as calibration and training employees on how to operate it. As a result, certain locations may lack the capability to conduct bone density tests, particularly in regions with limited healthcare resources.
The expensive price tag of these machines can create difficulty for doctors when determining their value for purchase. They could be concerned about the insufficient income generated from performing bone density tests or the need for insurance to provide better coverage of costs. This could result in a decreased number of individuals receiving necessary tests, impacting the accuracy of diagnosing and treating conditions such as osteoporosis. Fast developments in technology result in newer versions frequently providing additional features and enhanced precision. This can cause older models to become outdated faster, presenting a challenge for healthcare providers trying to stay current with new technology. In regions where multiple healthcare providers or facilities already offer bone density testing, that leads to pricing pressures and potentially lower profitability due to intense competition.
The expensive price tag of these machines can create difficulty for doctors when determining their value for purchase. They could be concerned about the insufficient income generated from performing bone density tests or the need for insurance to provide better coverage of costs. This could result in a decreased number of individuals receiving necessary tests, impacting the accuracy of diagnosing and treating conditions such as osteoporosis. Fast developments in technology result in newer versions frequently providing additional features and enhanced precision. This can cause older models to become outdated faster, presenting a challenge for healthcare providers trying to stay current with new technology. In regions where multiple healthcare providers or facilities already offer bone density testing, that leads to pricing pressures and potentially lower profitability due to intense competition.
Evolution of New Technologies for Better Diagnose Bone Fragility
The market will be boosted by start-up companies like StemLab, Inc. and ARTANN Laboratories, Inc. investing in innovative densitometer development. For instance, in November 2022, Medimaps group announced a partnership with OsteoSys to bring the trabecular bone score to Korea’s leading bone densitometry platform. The partnerships have joined forces to create innovative solutions for bone density issues, ultimately helping prevent bone-related diseases. In addition, governments and private firms are allocating increased funds to address bone density issues, as it plays a crucial role.
For instance, in March 2024, Bone Health Technologies (BHT), a company focused on innovative health technology for bone health, revealed the successful completion of a US$ 5 million funding round to transform osteopenia care. The investment came from prominent firms such as Esplanade Ventures and Berkeley Catalyst Fund, along with strategic investor Terumo Medical, a top global medical technology provider, to revolutionize low bone density treatments.
GE HealthCare Technologies Inc., Hologic, Inc., Xingaoyi Medical Equipment Co. Ltd., Swissray Global Healthcare Holding Ltd., Echolight S.p.a., Eurotec Medical Systems s.r.l., Trivitron Healthcare, BeamMed Ltd., Scanflex Healthcare AB, Medonica Co. LTD, OsteoSys Co. Ltd, CyberLogic, Inc., Shenzhen Xray Electric Co., Ltd., YOZMA BMTech Co., Ltd., Nanoomtech Co., Ltd., FURUNO Electric Co., Ltd. are key players that operates in bone densitometer market.
For instance, in March 2024, Bone Health Technologies (BHT), a company focused on innovative health technology for bone health, revealed the successful completion of a US$ 5 million funding round to transform osteopenia care. The investment came from prominent firms such as Esplanade Ventures and Berkeley Catalyst Fund, along with strategic investor Terumo Medical, a top global medical technology provider, to revolutionize low bone density treatments.
GE HealthCare Technologies Inc., Hologic, Inc., Xingaoyi Medical Equipment Co. Ltd., Swissray Global Healthcare Holding Ltd., Echolight S.p.a., Eurotec Medical Systems s.r.l., Trivitron Healthcare, BeamMed Ltd., Scanflex Healthcare AB, Medonica Co. LTD, OsteoSys Co. Ltd, CyberLogic, Inc., Shenzhen Xray Electric Co., Ltd., YOZMA BMTech Co., Ltd., Nanoomtech Co., Ltd., FURUNO Electric Co., Ltd. are key players that operates in bone densitometer market.
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Bone Health Problems in North America Led to the Market Expansion
The primary reason for North America's dominance in the bone densitometer market is its strong healthcare system and a high number of osteoporosis cases. Approximately, 10 million Americans have osteoporosis and another 44 million have low bone density, placing them at increased risk, leading to a high demand for bone densitometers. Moreover, there is an increasing number of elderly people in the area who are at higher risk for bone health problems.
Additionally, North America maintains its leading role in the bone densitometer market due to the participation of key market players such as GE Healthcare, Hologic Inc, Diagnostic Medical System Group, Echolight SpA, L Acn L Accessorio Nucleare Srl, Oscar Medical Oy, Eurotec Systems Srl, Osteometer MediTech Inc, and Scanflex Healthcare AB. Advancements in technology, and supportive reimbursement policies.
Several factors are expected to contribute to the fastest growth in the Asia-Pacific region during the forecast period. An aging population in the area, combined with growing knowledge of bone health and osteoporosis, is leading to an increased need for bone densitometers. Furthermore, increasing healthcare costs and improvements in medical facilities are making it easier to reach diagnostic technologies. The increasing occurrence of osteoporosis and similar bone conditions in the area also plays a part in the greater use of bone densitometers. A lower percentage of non-Hispanic Black adults accounting for 6.8% had osteoporosis compared with non-Hispanic White adults at 12.9%, non-Hispanic Asian adults at 18.4%, and 14.7% Hispanic adults suffered from osteoporosis.
The assessment of bone densitometer market growth in Europe involves examining the United Kingdom, Nordic Countries, Italy, Germany, Spain, France, and the rest of Europe. Market growth in the United Kingdom is driven by favorable government policies and the growing population. The government-funded a state-of-the-art imaging center with 3D X-ray technology in 2020 to quickly capture images of injured bones.
The UK is the second biggest market for bone densitometers in Europe. In France, the actions of market participants help boost market expansion. For instance, Bone View from Gleamer, a French MedTech company, was cleared by the US FDA to assist in the detection of fractures and traumatic injuries in X-ray images.
Additionally, North America maintains its leading role in the bone densitometer market due to the participation of key market players such as GE Healthcare, Hologic Inc, Diagnostic Medical System Group, Echolight SpA, L Acn L Accessorio Nucleare Srl, Oscar Medical Oy, Eurotec Systems Srl, Osteometer MediTech Inc, and Scanflex Healthcare AB. Advancements in technology, and supportive reimbursement policies.
Several factors are expected to contribute to the fastest growth in the Asia-Pacific region during the forecast period. An aging population in the area, combined with growing knowledge of bone health and osteoporosis, is leading to an increased need for bone densitometers. Furthermore, increasing healthcare costs and improvements in medical facilities are making it easier to reach diagnostic technologies. The increasing occurrence of osteoporosis and similar bone conditions in the area also plays a part in the greater use of bone densitometers. A lower percentage of non-Hispanic Black adults accounting for 6.8% had osteoporosis compared with non-Hispanic White adults at 12.9%, non-Hispanic Asian adults at 18.4%, and 14.7% Hispanic adults suffered from osteoporosis.
The assessment of bone densitometer market growth in Europe involves examining the United Kingdom, Nordic Countries, Italy, Germany, Spain, France, and the rest of Europe. Market growth in the United Kingdom is driven by favorable government policies and the growing population. The government-funded a state-of-the-art imaging center with 3D X-ray technology in 2020 to quickly capture images of injured bones.
The UK is the second biggest market for bone densitometers in Europe. In France, the actions of market participants help boost market expansion. For instance, Bone View from Gleamer, a French MedTech company, was cleared by the US FDA to assist in the detection of fractures and traumatic injuries in X-ray images.
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The report provides a detailed overview of the bone densitometer market insights in regions including North America, Latin America, Europe, Asia-Pacific, Oceania, and the Middle East and Africa. The country-specific assessment for bone densitometer market has been offered for all regional market share, along with forecasts, market scope estimates, price point assessment, and impact analysis of prominent countries and regions. Throughout this market research report, Y-o-Y growth and CAGR estimates are also incorporated for every country and region, to provide a detailed view of the bone densitometer market. These Y-o-Y projections on regional and country-level markets brighten the political, economic and business environment outlook, which are anticipated to have a substantial impact on the growth of the bone densitometer market. Some key country and region included in the bone densitometer market report as follows:
| Regions | Countries |
|---|---|
| North America | United States, Canada |
| Latin America | Brazil, Mexico, Argentina, Colombia, Chile, Rest of Latin America |
| Europe | Germany, United Kingdom, France, Italy, Spain, Russia, Netherlands, Switzerland, Belgium, Sweden, Austria, Norway, Denmark, Finland, Ireland, Czech Republic, Rest of Europe |
| Asia Pacific | China, India, Japan, South Korea, Australia & New Zealand, Singapore, Thailand, Malaysia, Indonesia, Philippines, Rest of Asia Pacific |
| Middle East and Africa | GCC Countries, South Africa, Egypt, Turkey, Morocco, Israel, Iran, Kenya, Nigeria, Rest of MEA |
Bone Densitometers Market Research Report Covers In-depth Analysis on:
- Bone densitometers market detailed segments and segment-wise market breakdown
- Bone densitometers market dynamics (Recent industry trends, drivers, restraints, growth potential, opportunities in bone densitometer industry)
- Current, historic,al and forthcoming 10 years market valuation in terms of bone densitometer market size (US$ Mn), volume (Units), share (%), Y-o-Y growth rate, CAGR (%) analysis
- Bone densitometers market demand analysis
- Bone densitometers market pricing analysis over the forecast period (by key segment and by region)
- Bone densitometers market regional insights with region-wise market breakdown
- Competitive analysis – key companies profiling including their market share, product offerings, and competitive strategies.
- Latest developments and innovations in bone densitometer market
- Regulatory landscape by key regions and key countries
- Supply chain and value chain analysis in bone densitometer market
- Bone densitometer market sales and distribution strategies
- A comprehensive overview of parent market
- A detailed viewpoint on bone densitometer market forecast by countries
- Mergers and acquisitions in bone densitometer market
- Essential information to enhance market position
- Robust research methodology
- Frequently Asked Questions -
What factors are driving the growth of the bone densitometer market?
The increasing prevalence of bone-related disorders like osteoporosis, an aging population, and growing awareness about bone health contribute to the growth of the bone densitometer market.
What is the impact of technological advancements on the bone densitometer market?
What is the impact of technological advancements on the Bone Densitometer Market? Technological advancements such as improved precision, faster scanning times, and enhanced portability of Bone Densitometers are driving innovations, making the devices more accessible and efficient in clinical settings.
What are the future growth prospects for the bone densitometer market?
The Bone Densitometer Market is expected to continue growing, driven by increasing awareness, the rise in osteoporosis cases, and advancements in diagnostic technologies that improve early detection and treatment outcomes.
