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

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.