Bone Densitometer Devices Market Share and Growth Analysis

Bone Densitometer Market Size

The Global Bone Densitometer Market reached US$ YY million in 2022 and is projected to reach US$ YY million by 2031, with a high CAGR expected during the forecast period from 2024 to 2031.

A bone densitometer is a medical imaging device used to measure bone density and diagnose osteoporosis, a condition characterized by brittle bones prone to fractures. This device utilizes X-rays to assess the amount of calcium and other minerals in a specific bone segment.

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Bone Densitometer Market Trends

Growing Prevalence of Osteoporosis

The global market for Bone Densitometer Devices is poised for growth, driven by the increasing prevalence of osteoporosis during the forecast period. According to the International Osteoporosis Foundation, there is expected to be a more than 300% increase in hip fractures among males and a 240% rise among females by 2050. This underscores the need for bone examinations, fueled by the rising incidence of osteoporosis and related conditions such as osteopenia, osteomalacia, and osteoporotic fractures.

Osteoporosis globally causes over 8.9 million fractures annually, resulting in an osteoporotic fracture every 3 seconds, as reported by the International Osteoporosis Foundation (IOF). Additionally, the NIH estimates that more than 200 million individuals are affected by osteoporosis. According to statistics from the IOF, 1 in 3 females over the age of 50 and 1 in 5 males are expected to experience osteoporotic fractures in their lifetime.

Furthermore, the expanding elderly population and heightened research initiatives are key factors contributing to the global market's growth throughout the forecast period.

High Cost of Bone Densitometer

Nevertheless, the high cost of bone densitometers is expected to impede the growth of the global bone densitometer market during the forecast period. For example, the early GE Prodigy Series, GE DPX Series, and Hologic Discovery Series are priced approximately between $16,000 and $21,000. The later GE Prodigy Series, later Hologic Discovery Series, and early Hologic Horizon Series range from $22,000 to $28,000, while the latest GE Prodigy Series, GE iDXA, and Hologic Horizons A and W cost between $30,000 and $45,000, thereby slowing market growth.

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Bone Densitometer Market Segmentation

The global market for bone densitometer devices is categorized by technology, application, end user, and region.

The Dual-Energy X-ray Absorptiometry (DEXA) Technology Segment Expected to Lead the Market

Throughout the forecast period, the global bone densitometer market is anticipated to be led by dual-energy X-ray absorptiometry (DEXA). DEXA is favored over other bone densitometer techniques due to its numerous advantages. By using X-rays at two different energy levels to scan bones, DEXA accurately measures bone mineral density while offering benefits such as low radiation exposure and straightforward operation.

Moreover, compared to computed tomography and magnetic resonance imaging, DXA provides highly accurate measurements of fat mass (FM) and lean mass (LM). According to Bone Journal, DEXA is considered the gold standard for assessing bone mineral density (BMD), diagnosing osteoporosis, and monitoring BMD changes over time to assess fracture risk. Ultrasound, in contrast, is less frequently used due to the absence of precise guidelines for osteoporosis diagnosis and fracture risk prediction. Therefore, based on this data, DEXA is expected to maintain its dominance in the global bone densitometer device market throughout the forecast period.

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Bone Densitometer Market Regional Share:

North America is Expected to Dominate the Global Market

Throughout the forecast period, North America is projected to maintain the largest share of the global bone densitometer market. This is attributed to the increasing post-menopausal female population in the region. For example, according to the North American Menopause Society, over 2 million US females reach menopause annually, with nearly one-quarter of Canadian residents expected to be females over 50 by 2026. Additionally, the presence of key market players like OSI Systems, Inc., Tecnicare Healthcare Co., Hologic, Inc., and GE Healthcare, who hold significant market shares in bone densitometer devices, further solidifies the region's dominance.

These leading players have secured a significant market share through various strategies including product launches, partnerships, market approvals, acquisitions, and collaborations. Furthermore, new policy guidelines from different healthcare and insurance companies in the United States regarding reimbursement for bone density studies are enhancing the region's dominance in the global bone densitometer market. For instance, UnitedHealthcare approved Medicare coverage for Bone Mass Measurement (BMM) procedures in September 2022.

Key Developments

  • At the Florida Orthopedic Society Annual Scientific Meeting in May 2021, Echolight introduced Radiofrequency Echographic Multi Spectrometry (REMS), a radiation-free technology. This portable bone densitometer scans critical bone health indicators safely and at a higher frequency compared to other testing methods.

  • In May 2021, Beckman Coulter, a leader in clinical diagnostics, introduced the DxA 5000 Fit, a workflow-automation solution designed for medium-sized laboratories conducting fewer than 5,000 tests per day.

Bone Densitometer Market Key Players

  • GE Healthcare

  • BeamMed

  • Diagnostic Medical System

  • Eco light Healthcare

  • Hologic Inc

  • Osteosys

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