Bone Densitometry Devices Market Expected to Grow at a Steady Rate of 4.2% CAGR to Reach USD 525.0 Million by 2033

Bone Densitometry Device Market

The fight for bone health is gaining traction with technology. The market for bone density measuring devices, used to measure bone density and diagnose osteoporosis, is seeing significant growth. According to a recent analysis, the market is expected to reach a solid USD 525.0 million by 2033This represents a significant increase over the estimated value $347.7 million in 2023. The market is also expected to grow at a steady pace 4.2% CAGR (Compound Annual Growth Rate) throughout this entire period.

Bone densitometry devices play a key role in non-invasive bone density assessment and measurement of bone strength. Their importance lies in diagnosing bone-related diseases and assessing the risk of developing them.

The International Osteoporosis Foundation highlights a worrying trend, with a predicted increase of over 300% in hip fractures among men and 240% increase among women by 2050. This underscores the urgent need for bone assessment, driven by the high prevalence of osteoporosis and related conditions such as osteopenia, osteomalacia, and osteoporotic fractures. Consequently, the demand for bone density measuring devices is expected to skyrocket, further fueling the market growth.

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Bone densitometers also analyze the risk of developing bone diseases. One of the major factors driving the bone densitometry market is the rising incidence of knee osteoarthritis. With over 203 cases of knee osteoarthritis in every 10,000 people aged 20 and above, bone densitometry devices are expected to enjoy a high demand in the coming years.

Moreover, the growth in favorable Medicare reimbursement policies is likely to stimulate demand for bone densitometry devices, especially in countries like India and the United States. Medicare provides private health insurance plans for the treatment of osteoporosis, which in turn accounts for the growing expansion of the bone densitometry device market. Moreover, many manufacturers are eager to release innovative products with new offerings such as low dosage and patented narrow beam technology.

This factor, combined with the growing demand for excellent precision and accuracy, high image quality and faster scanning in many clinical applications, will support the growth of the target group in the forecast period.

“Growing awareness about bone health, broader knowledge about osteoporosis, and initiatives by non-governmental and government organizations are likely to drive the growth of the bone density measuring devices market during the forecast period” says FMI analyst.

Key findings from the bone densitometry market:

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

Competitive Landscape of the Bone Densitometry Devices Market

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 density measuring devices market whose profiles are included in the full report.

Leading market players are focusing on enhancing the features of their products to expand their business and enter new markets. Strategies such as mergers, acquisitions, and distribution agreements are also being used by these companies to strengthen their position in the bone density measuring device market.

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Bone Densitometry Devices Market 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 Ultrasonography (QUS)
Others

By end user:

Hospitals
Orthopedic clinics
Diagnostic centers

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, Stevie Award winner and member of the Greater New York Chamber of Commerce) offers in-depth insights into the factors driving market demand. FMI is a leading global provider of market intelligence, advisory services, consulting and events for the packaging, food and beverage, consumer technology, healthcare, industrial and chemical markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional and local expertise on various industry disciplines and trends in over 110 countries.

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