Bone Densitometers Market Size, Industry Analysis Report, Regional Outlook, Application Development Potential, Price Trends, Competitive Market Share & Forecast, 2020 - 2026
Report ID: GMI2508
Bone Densitometers Market size is projected to experience significant growth from 2018 to 2024.
Bone densitometers market is expected to witness significant growth due to increasing prevalence of various metabolic bone diseases such as osteoporosis and osteomalacia across the globe. As per the National Institutes of Health Osteoporosis and Related Bone Diseases, lifestyle related habits such as sedentary lifestyle, smoking and alcohol abuse are major factors promoting such diseased conditions. The aforementioned factors are responsible for growing prevalence of bone diseases, thus projecting a growth in the bone densitometers market during the forecast period.
Moreover, increasing prevalence of osteoporosis in post-menopausal women, growing base of geriatric and obese population that is susceptible to bone diseases is anticipated to propel the demand of bone densitometers. Rise in the number of patients suffering from arthritis and vitamin D deficiency, will substantially influence the market.
Increasing number of programs to enhance public awareness pertaining to proper diagnosis and treatment of osteoporosis will create immense growth opportunities in the future. For instance, National Bone Health Alliance and Fracture Liaison Service (FLS) care coordination program is conducted by National Osteoporosis Foundation (NOF), a government healthcare organization for sharing a common prevention and awareness message among the masses. Thus, growing awareness of people towards bone diseases will fuel the demand for bone densitometers, thereby escalating the global bone densitometers market.
However, high cost and risks associated with the bone densitometers are major factors limiting the market growth. Less number of installations of bone densitometer devices due to increasing prices of instruments could hamper the growth of bone densitometers market. Moreover, the confined access to diagnostic tools and equipment in remote areas could hinder the progress of bone densitometers market to some extent over the forecast period.
The axial bone densitometers segment dominated the global market in 2016 owing to its effective targeting of antifracture treatments, effectiveness to predict fracture risk, availability of reliable reference ranges, high accuracy, rapid patient setup, low radiation dose and short scan times. Growing patient base suffering from bone diseases, usually of the lower spine and hip, will propel the growth of axial bone densitometers segment during the forecast period.
Based on end-use, hospitals accounted for the largest revenue share in 2016, attributable to high patient volume and frequent readmissions. The increasing inclination of government healthcare organizations to promote advanced diagnostic instruments and increased use of fully automated systems in hospitals with the ability to diagnose conditions at early stages, will exert positive influence on the market growth in coming years and will aid the hospitals segment in retaining the leading position.
U.S. accounted for the highest share of bone densitometers market owing to the availability of bone densitometers, increasing prevalence of osteoporosis, increasing healthcare expenditure and presence of favorable reimbursement policies for the diagnosis of osteoporosis.
India is projected to grow significantly in the forthcoming years due to increasing prevalence of osteoporosis in geriatric and postmenopausal women, increasing recognition and availability of bone densitometers as well as their technological development. Considering the increase in public and private investments in life sciences research, India is expected to be a prominent market during the forecast period.
Some of the key industry players include BeamMed, CooperSurgical, Demetech, DMS Group, GE Healthcare, Hitachi, Hologic, Lone Oak Medical Technologies, Medonica, Osteometer MediTech and Swissray International. The focus of industry players is majorly on strategic partnerships, collaborations, acquisitions and innovative product launches to expand their business product portfolio as main strategies. In March 2015, Hitachi introduced EggQus AOS 100E, a compact and lightweight densitometer, that offers easy operability and short measurement time.
Bone Densitometers Market by Technology, 2013-2024 (USD Million)
- Axial bone densitometry
- Dual Energy X-Ray Absorptiometry (DEXA)
- Quantitative Computed Tomography (QCT)
- Peripheral bone densitometry
- Single Energy X-Ray Absorptiometry (SEXA)
- Dual Energy X-Ray Absorptiometry (PDEXA)
- Radiographic Absorptiometry (RA)
- Quantitative Ultrasound (QUS)
- Peripheral Quantitative Computed Tomography (PQCT)
Bone Densitometers Market by End-use, 2013-2024 (USD Million)
- Diagnostics centers
The above information is provided for the following regions and countries:
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
- Saudi Arabia
- South Africa
What Information does this report contain?
Customize this Report
Our Market Research Reports Include:
- Market snapshot
- Market Segmentation
- Value Chain Analysis
- Growth Dynamics
- Potential Market Opportunities
- Regulatory Overview
- Technology Evolution
- Innovation & Sustainability
Benefits of Association
Data Coverage & Quality
GMI reports provide the most comprehensive coverage of any focus industry, ensuring a holistic and deep understanding of the market, along with actionable and granular data. We also take pride in our commitment to quality and strive to ensure that our clients get their moneys worth.
Client Trust & Security
GMI maintains strict code of conduct as a business and is committed to ensure that the privacy and trust of our clients are always maintained. As an organization, we also strive to be fully compliant with privacy laws, PCI and information security guidelines.
Our customers rely on us to produce accurate, reliable and timely information. Service orientation is a key mission for us as an organization; our process is guided by the desire to ensure that our clients are provided the best possible solutions in optimal timeframe. GMI stands by its commitment to service, providing timely assistance in both pre-sales and post-sales support for our clients.