Bone Densitometer Systems Market Size & Share

Global Market Size, Forecast, and Trend Highlights Over 2023 - 2035

Bone Densitometer Systems Market size is estimated to surpass USD 400 Million by the end of 2035, growing at a CAGR of 4% during the forecast period, i.e., 2023 – 2035. In the year 2022, the industry size of bone densitometer systems was over USD 300 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.

Bone Densitometer Systems Market: Growth Drivers and Challenges

Growth Drivers

Growing Prevalence of Musculoskeletal Diseases - Musculoskeletal diseases are a group of diseases that usually affects the joints, bones, and muscles, and aid the development of other bone diseases and their related illnesses. Treatment of such musculoskeletal conditions requires bone densitometer systems for an effective healing process of bones. As per the statistics shared by the World Health Organization (WHO) in 2022, approximately 1.71 billion people are affected by musculoskeletal conditions all over the world.
Rapid Growth of the Orthopedic Devices Industry –This expansion of orthopedic devices is anticipated to generate favorable opportunities for an increase in the utilization rate of bone densitometer systems in treating bone diseases. For instance, the orthopedic device industry was expected to reach a total value of USD 45 billion by 2022.
Rapid Escalation in Number of Bone Fractures – For instance, in 2019, there were more than 175 million cases of fractures and approximately 450 million cases of acute or long-term symptoms of a fracture.
High Focus on Developing the Medical Devices Sector - The data revealed by the India Brand Equity Foundation (IBEF) stated that in FY20, the foreign investments in the Indian medical devices sector increased to USD 301 million from USD 151 million in FY19, which indicates a 98% increment.

Challenges

High Cost of Bone Densitometer Systems – Dual-energy X-ray Absorptiometry (DEXA) is one of the most common methods of bone densitometer systems for detecting bone mineral density. However, the cost of DEXA scanners is very much high owing to the integration of technologically advanced features and programs.
Requirement of High Initial Investments
Unavailability of Skilled Workforce for Utilization of Advanced Devices

Bone Densitometer Systems Market Segmentation

Application (Osteoporosis & Osteopenia, Cystic Fibrosis, Chronic Kidney Disease, Body Composition Measurement, Rheumatic Arthritis)

The osteoporosis & osteopenia segment in the bone densitometer systems market is estimated to gain the largest share of about ~32% in the year 2035. 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 2035. 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 bone densitometer systems market includes the following segments:

Type	Axial Bone Peripheral Bone
Technology	Single Energy X-Ray Absorptiometry Dual Energy X-Ray Absorptiometry Quantitative Ultrasound Peripheral Quantitative Computed Tomography
Scan	Central Scan Peripheral Scan
Application	Osteoporosis & Osteopenia Cystic Fibrosis Chronic Kidney Disease Body Composition Measurement Rheumatic Arthritis
End User	Hospitals Clinics

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Bone Densitometer Systems Industry - Regional Synopsis

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 2035. 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 2035, 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.

Key Questions Answered in the Report

1) What are the major factors driving the growth of the bone densitometer systems market?

Ans: The increasing prevalence of osteoporosis and the growing bone disorders is estimated to boost market growth during the forecast period

2) What would be the CAGR of bone densitometer systems market over the forecast period?

Ans: The market size of bone densitometer systems is anticipated to attain a CAGR of ~4% over the forecast period, i.e., 2023 â€“ 2035.

3) Which region will provide more business opportunities for growth of bone densitometer systems market in future?

Ans: The market in the North American region is projected to hold the largest market share by the end of 2035 and provide more business opportunities in the future.

4) Who are the major players dominating the bone densitometer systems market?

Ans: The major players in the market are AMPall, Eurotec Medical Systems s.r.l., Medonica Co., Ltd., Scanflex Healthcare AB, BeamMed Ltd., Swissray Global Healthcare Holding Ltd., Diagnostic Medical Systems Group, OSI Systems, Inc., Hologic, Inc., GE Healthcare, and other key players.

5) Which segment captures the largest market size in end-user segment in the bone densitometer systems market?

Ans: The hospitals segment is anticipated to garner the largest market size by the end of 2035 and display significant growth opportunities

Base Year	2022
Forecast Year	2023-2035
CAGR	~ 4%
Base Year Market Size (2022)	~ USD 300 Million
Forecast Year Market Size (2035)	~ USD 400 Million
Regional Scope	North America (U.S., and Canada) Latin America (Mexico, Argentina, Rest of Latin America) Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific) Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe) Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)