Global Bone Densitometer Market Projections Indicate Lucrative 4.5% Growth by 2026
Growing geriatric population, technological advancements in the field of bone densitometry, increasing incidents of fragility fracture, and a growing number of bone-related disorders are some of the major trends fueling the global bone densitometer market. The high cost of bone densitometer devices, on the other hand, is projected to limit market expansion.
A bone densitometer, commonly known as a dual-energy x-ray absorptiometry (DXA) machine, is a device that is used to determine the rate at which ionizing radiation is absorbed by a specific area of the skeleton. DXA is a straightforward, noninvasive method. A bone densitometer measures bone loss by using ultrasonography or X-rays to create images of the interior of the body (often the lower (or lumbar) spine and hips).
Growing Adoption of Dual-Energy X-ray Absorptiometry (DEXA) in Diverse Applications Propels the Global Bone Densitometer Market
DEXA is the preferred approach for diagnosing and monitoring osteoporosis since it evaluates the most important parameters objectively. It is also useful for determining body composition and its distribution by location. In past years, additional applications have been discovered, such as vertebral morphometry through the study of the lateral spine, prosthesis integration in orthopedics, and lipodystrophy and lipoatrophy in HIV+ patients. In addition, DEXA is cheaper than other imaging modalities, with very shorter scan periods and radiation exposure.
Assessment of bone mineral density (BMD) in postmenopausal women fuels demand in the Global Bone Densitometer Market
Postmenopausal
women are more prone to osteoporosis. This is because the decreased amount of
estrogen hormone after menopause causes considerable bone loss. Several studies
have shown that in the first five years after menopause, women lose up to 10%
of their bone mass. It is regarded as the gold standard for diagnosing
osteoporosis and predicting fracture risk utilizing algorithms such as the
Fracture Risk Assessment Tool.
Adoption of Quantitative Ultrasound (QUS)
for Estimating Bone Mineral Status in Children Increases Bone Densitometer
Market Growth
QUS is a newer,
noninvasive method of assessing bone mineral state in the peripheral skeleton.
QUS techniques, in addition to bone density, give some structural information
that may be useful in evaluating fracture risk. The QUS approach is safe,
simple, and inexpensive. The gadgets are portable, the measurements take only a
few minutes, and they are radiation-free. These QUS traits are especially
useful in determining bone mineral status in youngsters.
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North America Hold the Largest share of the Bone Densitometer Market
North America dominates the bone densitometer
market, followed by Europe and APAC. The growing incidence of osteoporosis, a
well-developed healthcare infrastructure, technical improvements in bone
densitometer devices, and the presence of significant market participants in
the area all contribute to North America's big position.
Competitive Landscape Analysis of the Bone Densitometer Market
Some of the
major companies operating in the market include GE Healthcare, Hologic Inc., BeamMed Ltd.,
Echolight S.P.A, Scanflex Healthcare AB, and Medonica Co. Ltd, among
others.
Companies Using Organic and Inorganic Growth
tactics to Increase their Bone Densitometer Market Share
To gain market share, key companies in this market are adopting different business tactics such as collaborations, acquisitions, partnerships, and new product launches. For instance,
- In February 2022, Echolight Medical and Aurora Spine Corporation signed a collaborative co-marketing agreement. The cooperative collaboration will most probably aid Aurora in combining Echolight's bone health assessment capabilities with its unique DEXA Technology-based patient-matched implants, as well as in encouraging Echolight's products.
- In July 2021, DMS Imaging announced the extension of its white-label manufacturing contract for the FUJIFILM Healthcare Group
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