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) - Industry Forecast 2024-2031

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 competitive environment of the 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 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. 'GE Healthcare (US)', 'Hologic, Inc. (US)', 'BeamMed Ltd. (Israel)', 'Osteosys Co., Ltd. (South Korea)', 'Medtronic plc (Ireland)', 'Swissray 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)'

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.

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.

The dominant region in the 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.