Bone Densitometers Market Size, Share & Trends Analysis Report By Technology (Axial Bone Densitometry, DEXA, QCT, Peripheral Bone Densitometry, SEXA, pDEXA, RA, QUS, pQCT), By End Use, And Segment Forecasts, 2018 - 2025

Report Overview

The global bone densitometers market size was estimated at USD 893.7 million in 2016 and is expected to grow at a CAGR of 3.9% over the coming years. The market is predominantly driven by a notable increase in the prevalence of osteoporosis globally. This unprecedented rise has resulted in high demand for bone densitometers for efficient assessment, thereby broadening the growth potential over the coming years. Moreover, the growing geriatric population that possesses high susceptibility toward developing osteoporosis is further anticipated to impel the overall demand for these tools. 

U.S. bone densitometers market, by technology, 2014 - 2025 (USD Million)

An upsurge in the prevalence of osteoporosis in menopausal women is predicted to be a key growth contributing factors of the market. According to the statistics published by the International Osteoporosis Foundation, approximately 200 million women are affected by osteoporosis globally. It was also stated that 1/10th of these women belonging to the age group of 60 years, 2/5th to 80 years, 1/5th to 70 years, and 2/3th to 90 years experienced osteoporosis. In addition, about 1 in 3 women over the age of 50 were found to suffer from osteoporotic fractures. 

According to the National Institutes of Health Osteoporosis and Related Bone Diseases, certain lifestyle-associated habits that include sedentary lifestyle, alcohol abuse, and smoking are major causes that promote this condition in the male population. The aforementioned factors pose a clinical urgency to curb the growing prevalence of osteoporosis, thus fueling the adoption rate of bone densitometers for early diagnosis. 

Furthermore, consistent technological advancements over the years such as the advent of integrated digital detectors and computer-assisted & ultrasound densitometers exhibit high ease of operation as well as reduced measurement time. The ultrasound bone densitometers have enabled assessment in diverse medical specialties, such as gynecology, endocrinology, and others. 

The growing demand is also believed to be a consequence of collaborative research initiatives and new product developments undertaken by the prominent market players consistently striving to enhance osteoporosis diagnostics. Also, research funding opportunities by healthcare organizations to develop advanced products is further expected to impel growth. For instance, GE Healthcare developed Lunar Expert, a densitometer equipped with spatial resolution, which enabled improved identification and risk assessment by clinicians through advanced visualization and also reduced image blurring. 

Technology Insights

Axial bone densitometry accounted for the largest share of over 60% in the product segment in 2016 owing to the high adoption of densitometers based on this technology. The increasing adoption rate can be attributed to the fulfillment of different requirements of clinicians by axial bone densitometers. These predominantly include central dual energy x-ray absorptiometry-based tools that are imperative to obtain accurate results in diagnostic procedures. 

In addition, bone densitometers are also presumed to be highly cost-efficient, possessing optimum linearity, sensitivity, and precision, which thereby ensure minimum performance variation. The aforementioned benefits are predicted to be highly responsible for encouraging clinicians to use them. 

Global bone densitometers market share, by region, 2016 (%)

End-use Insights

Hospitals held a substantial share of the end-user segment in 2016, which can be attributed to the frequent readmissions and high patient volume. In addition, the presence of sophisticated infrastructure facilitates high efficiency in diagnostic procedures involving bone densitometers, thereby adding to a higher share of hospitals. 

The increasing inclination of government healthcare organizations to promote advanced diagnostic instruments that generate rapid results also serves as one of the key factors responsible for the substantial share of the segment. Furthermore, in the present scenario, hospitals increasingly use fully automated systems possessing the ability to assess this condition at early stages. These factors cumulatively are also expected to exert a positive influence on the segment growth in the coming years. 

Regional Insights 

In 2016, North America accounted for the largest share of the bone densitometers market. Various collaborative efforts undertaken by prominent companies in this region to improve their R&D capabilities and maintain high medical standards are expected to propel the demand across this region. The majority share captured by this region is also due to the high disease (osteoporosis) burden in this region. 

Asia Pacific market is anticipated to grow at an exponential CAGR during the forecast period. This growth is predicted to be a consequence of high demand to curb the increasing prevalence, increasing disposable income, and infrastructural improvements in healthcare facilities. Growing awareness pertaining to osteoporosis care in the emerging economies, such as India and China, is also going to present the bone densitometers industry with potential growth opportunities in the future. 

Key Companies & Market Share Insights

This industry is expected to exhibit extensive competition during the forecast period owing to the rising number of collaborative strategies between the key companies in order to obtain a competitive advantage over others. The other strategies incorporated are mergers & acquisitions, high R&D investment, and agreements for new product development. 

For instance, in August 2014, Hologic, Inc. received regulatory approval in Canada for horizon DXA platform with enhanced technical capabilities and workflow efficiencies. This product was launched for enhanced bone mapping, image quality, and precision & stability, which was achieved through integrated high-resolution multielement and ceramic detector array. 

Bone Densitometers Market Report Scope

Segments Covered in the Report

This report forecasts revenue growth and provides an analysis of the industry trends in each of the sub-segments from 2014 to 2025. For the purpose of this study, Grand View Research has segmented the global bone densitometers market on the basis of technology, end use, and region:

• Technology Outlook (Revenue, USD Million, 2014 - 2025)

  • 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)

• End-use Outlook (Revenue, USD Million, 2014 - 2025)

  • Hospitals

  • Clinics

  • Others

• Regional Outlook (Revenue, USD Million, 2014 - 2025)

  • North America

    • The U.S

    • Canada

  • Europe

    • Germany

    • The U.K.

  • Asia Pacific

    • Japan

    • China

    • India

  • Latin America

    • Brazil

    • Mexico

  • The Middle East and Africa

    • South Africa