Global bone densitometer industry to grow at 4.2% CAGR to reach USD 525 million by 2033

The global bone densitometer industry is on track for a promising future, with a projected market value of more than $525.0 million until 2033. This translates into a constant compound annual growth rate (CAGR) by 4.2% projected for 2023–2033. The current market size is estimated to be $347.7 million in 2023, highlighting the growing demand for these essential diagnostic tools.

This remarkable increase is attributed to several factors, including technological advances, increasing awareness of bone health and an aging global population. Bone densitometer devices, known for their critical role in diagnosing and monitoring osteoporosis, are becoming increasingly essential in the healthcare environment.

Precision in assessing bone condition

Bone densitometer devices, known for their non-invasive methods of assessing bone density, play a key role in assessing bone strength. These innovative devices are essential in the diagnosis of bone diseases and the assessment of the risk of their development.

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Global health challenge

According to the International Osteoporosis Foundation, a significant health challenge is on the horizon. By 2050, the incidence of hip fractures is expected to increase by more than 300% in men and 240% in women. Osteoporosis and related conditions such as osteopenia, osteomalacia and osteoporotic fractures are on the rise. This disturbing trend highlights the urgent need for reliable bone assessment, driving significant demand for bone densitometer devices and fueling market growth.

Moreover, the surge in favorable Medicare reimbursement policies is likely to spur demand for bone densitometer devices, particularly in countries such as India and the US. Medicare provides private health insurance plans for osteoporosis treatment, which in turn is driving the growing expansion of the bone densitometer device industry. In addition, many manufacturers are eager to introduce innovative products to the market that offer innovative solutions such as low doses and patented narrow beam technology.

This factor, coupled with the increasing demand for excellent precision and accuracy, high-resolution image quality and faster scanning for many clinical applications will support the target’s growth atmosphere over the forecast period.

“Growing awareness regarding bone health, increasing knowledge about osteoporosis along with initiatives from non-governmental organizations and government organizations are likely to drive the growth of the bone densitometer devices market during the forecast period.” – says the FMI analyst.

Bone densitometer industry highlights worldwide:

Increased demand for precise, fast and high-quality diagnostics to strengthen market prospects.
The high cost of the target product and the limitations of DXA technology of bone densitometer devices will hamper the market growth.
The United States will dominate the global market space thanks to CAGR of 4.9%.
The market in Germany will be driven by the increasing number of awareness programs about bone diseases.
The axial bone densitometer segment will grow at a rate of a CAGR of 4.2%
In terms of technology, dual energy X-ray absorptiometry will account for approximately 3/5 of total revenues.

Global competitive landscape in the bone densitometer industry

GE Healthcare, Hologic, Inc., OSI Systems, Inc., Diagnostic Medical Systems Group, Swissray Global Healthcare Holding, Ltd., BeamMed, Ltd., Echolight SPA, Scanflex Healthcare AB, Medonica Co., Ltd., XinGaoYi Co., Ltd., Anjue Medical Equipment, Trivitron Healthcare, Eurotec Systems Srl, AMPall Co., Ltd., L’acn L’accessorio Nucleare SRL, 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 industry mentioned in the full report.

Leading market players are focusing on improving the features of their products to expand their businesses and enter new markets. These companies are also using strategies such as mergers, acquisitions and distribution agreements to strengthen their position in the bone densitometer market.

Global Bone Densitometer Industry by Category

By product:

Peripheral bone densitometer
Axial bone densitometer

By technology:

Dual energy X-ray absorptiometry (DXA)
Peripheral dual energy X-rays
Absorptiometry (pDXA)
Quantitative ultrasound (QUS)
Others

By end user:

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Author:

Sabyasachi Ghosh (Assistant Vice President of Future Market Insights, Inc.) has over 12 years of experience in the healthcare, medical device and pharmaceutical industries. His curious and analytical nature helped him shape his scientific career.

Identifying the key challenges clients face and developing robust, hypothesis-driven solutions that empower them to make strategic decisions comes naturally to him. His core expertise includes areas such as go-to-market and expansion strategy, feasibility studies, competitive intelligence and strategic transformation.

With a degree in microbiology, Sabyasachi has authored numerous publications and has been cited in journals including The Journal of mHealth, ITN Online and Spinal Surgery News.

About Future Market Insights (FMI)

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