Market Overview In 2019, the global Bone Densitometer market achieved a valuation of USD 244.6 million and is projected to attain USD 338.8 million by 2027, exhibiting a Compound Annual Growth Rate (CAGR) of 4.1%. This diagnostic method utilizes minimal ionizing radiation to generate internal body images, enabling the identification of low bone density. The severity of complications, particularly fractures associated with osteoporosis, is pronounced, especially among the elderly population. Consequently, the industry's growth is anticipated due to the increasing elderly population prone to osteoporotic fractures.
As per the United Nations (UN), the number of individuals aged 80 and above is predicted to rise from 143 million in 2019 to 426 million by 2050. Osteoporosis is a global concern driven by factors such as a decline in lifestyle quality and insufficient calcium intake in children and women. This trend is expected to significantly boost the industry. Osteoporosis predominantly affects menopausal women, further contributing to industry growth.
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In 2019, North America dominated the market share, primarily due to a decline in lifestyle quality and the presence of major industry players. The Asia Pacific region is witnessing swift expansion driven by a significant population and a growing elderly demographic. Nevertheless, obstacles such as the high cost of bone densitometers and limited awareness about these technologies present challenges to the industry. Additionally, government health benefit programs could potentially hinder future growth in the sector.
Applications Outlook: In 2019, the Osteoporosis and Osteopenia segment dominated the market. Factors such as the increasing prevalence of osteoporosis globally, favorable government initiatives, rising awareness about bone density, and women's health awareness programs are major contributors to market growth.
Body composition measurement is projected to register the highest CAGR based on applications, driven by the increasing prevalence of global obesity, lifestyle diseases related to fats/cholesterol, and the adoption of a healthy diet.
Regional Outlook: North America led the bone densitometer market in 2019 with a forecasted CAGR of 3.9%, attributed to a higher rate of obesity, favorable government initiatives, and the adoption of advanced technologies.
The Asia Pacific is expected to contribute substantially to growth due to increased osteoporosis prevalence, growing women's health concerns, and a rising elderly population in the region.
Market-O-Nomics: The North America regional segment held the largest market share in the Bone Densitometer industry in 2019 at 34.7%. The DXA technology segment is projected to reach USD 109.38 million by 2027, showing significant growth.
Quantitative computed tomography is expected to grow at a high CAGR of 3.7%, valued at USD 65.0 million in 2019.
The osteoporosis and osteopenia segment is expected to grow with a CAGR of 3.8% during the forecast period.
Europe occupied 29.6% of the industry in 2019 and is expected to grow further.
The Asia-Pacific segment is anticipated to be the highest-growing segment during 2020-2027, with a CAGR of 4.8%.
Companies Considered and Profiled in the Market Study: Key players in the global bone densitometer market include Hologic, Inc., GE Healthcare, Diagnostic Medical Systems Group, Echolight S.P.A, Scanflex Healthcare AB, Swissray Global Healthcare Holding, Ltd., Medonica Co., Ltd., Oscare Medical Oy, Osteosys Corporation, and OSI Systems, Inc.
For this report, Reports and Data segmented the Bone Densitometer market based on technology, application, end-use, and region:
Technology Outlook (Revenue in Million USD; 2017–2027)
- Axial Bone Densitometry
- DXA Technology
- Quantitative Computed Tomography
- Peripheral Bone Densitometry
- Single Energy X-Ray Absorptiometry
- Radiographic Absorptiometry
- Quantitative Ultrasound
- Peripheral Quantitative Computed Tomography
- Peripheral Dual Energy X-Ray Absorptiometry
Application Outlook (Revenue in Million USD; 2017–2027)
- Osteoporosis and Osteopenia
- Cystic Fibrosis
- Rheumatoid Arthritis
- Body Composition Measurement
End-use Outlook (Revenue in Million USD; 2017–2027)
- Hospitals
- Clinics
- Diagnostic and Imaging Centers
- Others
Regional Outlook (Revenue in Million USD; 2017–2027)
- North America
- U.S
- Canada
- Europe
- Germany
- France
- UK
- Spain
- Italy
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- Rest of Asia-Pacific
- Middle East & Africa
- Latin America
- Brazil
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