Bone Densitometer Systems Market size was valued at USD 311.7 Million in 2023 and is set to exceed USD 512.55 Million by the end of 2036, expanding at over 3.9% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of bone densitometer systems is evaluated at USD 322.64 Million. The major factor for the expansion of the global bone densitometer systems is the rising cases of bone disorders and related diseases including muscular dystrophy, and Duchene muscular dystrophy among the global population. Furthermore, if these diseases are not treated with effectiveness, they worsen over time and can lead to degenerative disease and orthopedic limitation which generates the need for bone densitometer systems. The National Library of Medicine published a report in 2018 that calculated the prevalence of osteoporosis to be more than 200 million people across the world. It also has been calculated that the occurrence of osteoporosis in women around the world is more than 23% and in men around the world was found to be almost 11%.
The growth of the bone densitometer systems market is attributed to growing cases of osteoporosis among the population, the surge in the incidence of accidents and traumas, and the development of new bone densitometer products by the major key players operating in the market. Furthermore, the increase in the number of product approvals by regulatory bodies is anticipated to provide remunerative opportunities for the expansion of the global bone densitometer systems during the forecast period.
Growth Drivers
Challenges
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Base Year |
2023 |
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Forecast Year |
2024-2036 |
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CAGR |
4% |
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Base Year Market Size (2023) |
USD 311.7 Million |
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Forecast Year Market Size (2036) |
USD 512.15 Million |
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Regional Scope |
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The osteoporosis & osteopenia segment in the bone densitometer systems market is estimated to gain the largest share of about 32% in the year 2036. The main reason for segment growth is the rising cases of osteoporosis & osteopenia owing to the adoption of a sedentary lifestyle. Also, the burgeoning geriatric population who are more prone to osteoporosis & osteopenia is considered to positively contribute towards segment growth. As per the data provided by the World Health Organization (WHO), the share of the population of age 60 or above in the world increased from 1 billion to 1.4 billion in 2022 and is projected to double by 2050 reaching around 2.1 billion.
End-User (Hospitals, Clinics)
The hospital segment is expected to hold around 46% share of the bone densitometer systems market in the year 2036. The growth of the segment can be attributed to the burgeoning of the geriatric population with a disability who requires full-time assistance and generally admits into hospitals. Moreover, the increasing investment in hospitals by governments of different nations, along with the rising healthcare expenditure, and the availability of the dedicated orthopedic section in the hospital are predicted to fuel the segment growth over the ensuing years. It was noted that spending on health care in the United States increased 2.7 percent in 2021 to USD 4.3 trillion, or USD 12,914 per person. Total expenditure on healthcare accounted for more than 18 percent of the region's GDP.
Our in-depth analysis of the global market includes the following segments:
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Type |
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Technology |
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Scan |
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Application |
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End User |
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North American Market Forecast
The bone densitometer systems market in North America is projected to be the largest with a share of about 35% by the end of 2036. The primary reason for market growth in the region is the presence of the blooming healthcare industry and the rising cases of amputations owing to numerous reasons including bone fractures and various bone illnesses. It is estimated that in the United States, every year, nearly 170,000 amputation procedures take place and around 3.5 million people are estimated to with limb loss by the year 2050
European Market Analysis
The Europe bone densitometer systems market is estimated to be the second largest, registering a share of about 24% by the end of 2036, on the back of increasing preference for minimally invasive medical procedures. An up-surged manufacturing process of novel tools and other assistive equipment can also be observed in the region which is anticipated to create a positive outlook for bone densitometer systems market growth during the assessment period in this region.
Author Credits: Radhika Pawar
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