The growth in the market is majorly driven by the increasing prevalence of osteoporosis and the rising geriatric population. However, factors such as the high cost of bone densitometers and low awareness are expected to hinder the growth of this market.
Market Size
The global Bone Densitometer Market is projected to reach USD 311 million by 2024 from USD 247 million in 2019, at a CAGR of 4.7%.
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“By type, the dual-energy X-ray absorptiometry (DXA) scanners segment is expected to dominate the bone densitometers market”
Based on type, the bone densitometers market is segmented into dual-energy X-ray scanners and peripheral bone densitometers. The DXA scanners segment accounted for the largest share of the bone densitometers market in 2018. The large share of this segment can mainly be attributed to their advantages over peripheral bone densitometers, which hold a lesser share of the market.
“By application, the osteoporosis & osteopenia segment commanded the largest share of the bone densitometers market in 2018”
Based on application, the bone densitometers market is segmented into osteoporosis & osteopenia diagnosis, cystic fibrosis diagnosis, chronic kidney disease diagnosis, body composition measurement, and rheumatoid arthritis diagnosis. The osteoporosis & osteopenia diagnosis segment accounted for the largest share of the bone densitometers market in 2018. The large share of this application segment can be attributed to the large geriatric population suffering from osteoporosis, the increasing risk of osteoporosis in menopausal women, and the growing global incidence of fragility fractures.
Recent Developments
• In May 2019, DEX+ entered into an agreement with Hologic to distribute its products, which are used for body composition measurement.
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