USD 295.3 Billion
Bone Densitometer Systems Market Size, Share, Growth Analysis, By Applications(Central Scan and Peripheral Scan), By End-user(Hospitals and Imaging Centers), By Technology(Dual Energy X-ray Absorptiometry (DXA), Ultrasound, and Other Technologies), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG35A2837 |
Region:
Global |
Published Date: April, 2024
Pages:
216
|Tables:
86
|Figures:
76
Bone Densitometer Systems Market Insights
Bone Densitometer Systems Market size was valued at USD 295.3 Billion in 2022 and is poised to grow from USD 309.77 Billion in 2023 to USD 454.2 Billion by 2031, growing at a CAGR of 4.9% in the forecast period (2024-2031).
The global bone densitometer systems market is a dynamic and rapidly growing sector of the medical devices industry. Global demographic shift towards an aging population is the major driver for the bone density measuring systems market. With aging, more individuals are at increased risk for osteoporosis and fractures, requiring bone density testing for early detection and monitoring Especially older people in developed areas such as North America and Europe present key market opportunities for bone weight gauge system manufacturers. The increasing prevalence of osteoporosis especially in postmenopausal women and older people, increases the demand for bone density testing. Factors such as sedentary lifestyle, poor nutrition and mutations contribute to the rise in osteoporosis worldwide. Continuous technological advances in bone densitometry systems improve accuracy, efficiency, and ease of use, driving market growth Manufacturers Innovative such as dual-energy X-ray absorption measurement (DXA), peripheral DXA, and quantitative ultrasound (QUS) technologies. Identify features which improve diagnostic capabilities and expand the use of bone density measurements in clinical settings.
US Bone Densitometer Systems Market is poised to grow at a sustainable CAGR for the next forecast year.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
Central Scan
Fastest Growth
Peripheral Scan
Growth Rate
4.9% CAGR
Global Bone Densitometer Systems Market ($ Bn)
Country Share for North America Region (%)
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Bone Densitometer Systems Market Segmental Analysis
The global bone densitometers market can be segmented based on applications i.e. central scan and peripheral scan. The global bone densitometers market can also be segmented based on end-user, including hospitals and imaging centers. By technology, the market is categorized dual energy X-ray absorptiometry (DXA), ultrasound, and other technologies. Based on region the global bone densitometer systems market is segmented into North America, Europe, Asia-Pacific, Latin America, and MEA.
Bone Densitometer Systems Market Analysis by Application
The central scan segment occupies a dominant position in the global bone densitometer systems market. Central scans monitor bone density in the hip and spine, which are important sites for the diagnosis and management of osteoporosis. Mean bone density is widely accepted as the gold standard method for assessing bone health and diagnosing osteoporosis. It provides accurate and reliable measurements, making it desirable for health care providers. Central scans are commonly used in clinical settings, hospitals, and specialty orthopedic clinics. The high prevalence of osteoporosis, especially in the elderly population, has led to the dominance of the central scan segment. In addition, the central scan segment benefits from the establishment of payment policies and guidelines that support the use of central bone density measurements for the evaluation and diagnosis of osteoporosis.
The peripheral scan segment is the fastest growing segment in the global bone densitometer systems market. Osteoscopy monitors bone density in off-central areas such as the elbows, soles of the feet, and forearms. These images offer an alternative method for measuring central bone density and are commonly used in the primary care setting for bone health monitoring or as a diagnostic tool.
Bone Densitometer Systems Market Analysis by End-User
The key segment in the global bone densitometer systems market is hospitals. Hospitals occupy a major share of the global bone densitometer systems market due to their vital role in healthcare delivery. They are a focal point for the diagnosis and treatment of medical conditions including osteoporosis and bone diseases. Hospitals have developed a variety of programs, a wide range of medical specialties and access to patients, leading to the predominant use of bone density devices.
Imaging centers are the fastest growing segment in the global bone densitometer systems market. Imaging centers have many advantages, including short wait times, flexible scheduling options, and specialized expertise in medical imaging. Patients often prefer photography centers for their flexible techniques, focus on imaging services, and potential cost savings. Consequently, the demand for bone density measurement facilities in imaging centers is increasing.
Global Bone Densitometer Systems Market By Application (%)
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Bone Densitometer Systems Market Regional Insights
The dominant region in the global bone densitometer systems market is North America, with the largest market share. This can be attributed to factors such as well-established health care systems, high prevalence of osteoporosis and increased awareness of bone health. The department has witnessed increased adoption of devices and technologies for measuring bone density, a strong presence of key market players. Moreover, effective compensation schemes and government policies aimed at early detection and prevention of orthopedic conditions have helped North America dominate the market.
On the other hand, Asia-Pacific region is fastest growing in global bone densitometer systems market. Factors such as rapidly aging population, rising healthcare costs and increasing bone health awareness have led to the demand for bone density devices in the region. Asia-Pacific plays an important role in the global bone densitometer systems market for several reasons. The region follows rapid economic growth, improved health care and increased disposable income, increased bone density screening activities Besides, an elderly population has Asia Pacific contributes to the rising demand for bone density measurement system. which potentially of bone density measuring systems Adoption is low.
Global Bone Densitometer Systems Market By Geography
- Largest
- Fastest
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Bone Densitometer Systems Market Dynamics
Bone Densitometer Systems Market Drivers
Growing Elderly Population
- The increasing number of frail elderly, especially those suffering from bone-related diseases such as rheumatoid arthritis and osteoporosis is one of the key drivers of the market. According to the International Osteoporosis Foundation (IOF) estimates that osteoporosis contributes to more than 8.9 million fractures worldwide each year. Worldwide, osteoporosis affects about 200 million postmenopausal women. The condition affects 6.3% of men and 21.2% of women worldwide over the age of 50 according to the WHO definition of osteoporosis. This provides market growth and incidence of fragility fracture increases dramatically. These densitometers are also commonly used for orthopedic diagnosis in many clinical and pharmaceutical settings.
Increasing Rates of Osteoporosis and Bone Diseases
- One of the major drivers of the global market is the increasing prevalence of osteoporosis and other bone-related diseases, especially among the elderly population. Osteoporosis is a common bone disorder characterized by decreased bone density and increased risk of fracture, affecting millions of people worldwide. As the global population ages, the incidence and prevalence of osteoporosis is expected to increase, requiring histological screening programs to rapidly identify, diagnose, and manage bone health conditions contributing to the growth of the market by encouraging investments in the market. Healthcare professionals are recognizing the importance of early recognition and management of osteoporosis to reduce fracture risk and improve overall bone health.
Bone Densitometer Systems Market Restraints
High Cost of Bone Density Meters
- Dual-energy X-ray absorbance (DEXA) is a commonly used method for evaluating bone mineral density. However, the cost of DEXA scanners is relatively high, which is one of the main limitations of their use in developing countries. These products generally range in price from US$9,180–199,000. Most small to midsize hospitals with constrained budgets cannot afford these systems and instead prefer more inexpensive traditional systems. This may prevent the use of detectors in converting traditional analog systems to digital systems, posing a significant challenge to the market.
High Cost of Purchase and Maintenance
- A key restriction in the global bone density measurement system market is the high cost associated with acquiring and maintaining a bone density measurement system These systems require significant investment in initial purchase, installation, calibration and maintenance a continuity, creating financial challenges for health care systems and providers. The high cost of ownership may limit the use of bone densitometer systems, especially in health care settings with limited financial resources or in areas with limited resources for health care. Moreover, coverage challenges and lack of adequate insurance coverage for bone density testing may further hamper the market growth.
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Bone Densitometer Systems Market Competitive Landscape
The competitive environment of the Global Bone Densitometer Systems Market is dynamic and characterized by the presence of a mix of well-established brands, emerging players, and niche producers. Innovation is a key competitive factor. The global bone density measurement system market is characterized by fierce competition among key players who are trying to maintain their market position and gain competitive advantages. Key players in the market have been engaged in various strategies such as mergers and acquisitions, partnerships, product launches and geographical expansion to the market. The company’s Horizon DXA system provides accuracy and precision in measuring bone mineral density, meeting the needs of healthcare professionals for the diagnosis of osteoporosis. Hologic continues to maintain its competitiveness through ongoing research and development efforts, focused on the performance and effectiveness of its bone density metering systems.
Top Player’s Company Profiles
- Osteosys Co., Ltd. (South Korea)
- Medtronic plc (Ireland)
- Swissray Global Healthcare Holding Ltd. (Switzerland)
- Diagnostic Medical Systems S.A. (France)
- Echolight S.p.A. (Italy)
- Lone Oak Medical Technologies LLC (US)
- Osteometer Meditech Inc. (US)
- Medonica Co., Ltd. (South Korea)
- CooperSurgical, Inc. (US)
- Norland at Swissray (US)
- Scanflex Healthcare AB (Sweden)
- Demetech AB (Sweden)
- OSTEOSYS Corp. (South Korea)
- Genant Global, LLC (US)
- Eurotec Systems S.r.l. (Italy)
- Medilink International Co., Ltd. (South Korea)
- BM TechMed, Inc. (South Korea)
Recent Developments
- The April 2022 installation of the Horizon DXA bone density measurement device from Hologic will enable Newman Regional Health to enhance its range of health and wellness services for women and women.
- In February 2022, Aurora Spine partnered with Echolight Medical, developer of the radiation-free "EchoS portable densitometer" to evaluate and select the quality of the software platform and bone mineral density (BMD) in relevant patients some from the possibilities.
- Beckman Coulter unveiled its forecast DxA 5000 Fit business plan at MEDLAB Middle East 2022 held at the Dubai World Trade Center in February and these partnership strategies will enhance the target market.
Bone Densitometer Systems Key Market Trends
Technological Advancements in Multi-Processing Strategies
- Technological advances in Portable point-of-care devices, radiation management reduction methods and instrumentation for measuring bone density are another major trend. Manufacturers are developing innovative solutions such as portable point-of-care devices to increase convenience and accessibility for healthcare providers and patients in addition to focusing on radiation management reduction without compromising measurement accuracy. The market is also witnessing a shift towards more multi-processing strategies. While dual-energy X-ray absorption measurement (DXA) remains the gold standard, other techniques such as quantitative computed tomography (QCT) and peripheral DXA are gaining momentum.
Bone Densitometer Systems Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
The global bone densitometer systems market is highly competitive, with many key players operating across the globe. These companies focus on R&D with new, user-friendly devices that provide accurate measurements to reduce air consumption in addition to efforts to develop portable monitoring devices on bone health there will be easier clinical assessment and monitoring of bone health. The global bone densitometer systems market is driven by factors such as increasing aging population across the globe, which raises the need for bone density testing for early detection of osteoporosis and other bone-related conditions and dealt with extensively. Despite these challenges, the market presents growth opportunities, especially in emerging economies such as the Asia-Pacific region, where advancements in healthcare infrastructure and increasing awareness of bone health are driving the market expansion.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 295.3 Billion |
| Market size value in 2031 | USD 454.2 Billion |
| Growth Rate | 4.9% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
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| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Bone Densitometer Systems Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Bone Densitometer Systems Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Bone Densitometer Systems Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Bone Densitometer Systems Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Bone Densitometer Systems Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Bone Densitometer Systems Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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