Increasing Awareness Regarding Bone Diseases and Increased Screening Initiatives has Fuelled the Growth of the Global Bone Densitometers market

A bone densitometer is an X-ray device used to measure the calcium content of bones to assess bone density and the risk of bone fracture. Due to the rising prevalence of osteoporosis, the global bone densitometers market is expected to witness positive growth at a CAGR of 3.3% during the forecast period from 2013 to 2019. In 2012, the net worth of the market was around US$777.9 million and it is expected to be valued at US$908.5 million by 2019.

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Bone Densitometers in Oncology will Open New Opportunity for the Market

It has been observed that with increase in age, the normal blood calcium level declines. However, bone diseases are not only related to old age. Patients with medications for cancer, corticosteroid treatment, amenorrhea, eating disorders, and genetic disorders are also advised to evaluate their bone mineral density. Rise in the worldwide geriatric population coupled with various bone-related diseases such as osteoporosis and rheumatoid arthritis has boosted the growth of the bone densitometers market.

Awareness about the bone diseases and increased screening initiatives has fuelled the growth of the global bone densitometers market. However, insurance coverage has been reduced for bone density tests, which can hamper the expansion of the bone densitometers market during the forecast horizon. Introduction of bone densitometers in oncology has opened new opportunity for the global bone densitometers market. Due to the large pool of geriatric population in countries such India, China and Japan, the bone densitometers market is expected to grow fast in these regions during the forecast period from 2013 to 2019.

Peripheral QCT Bone Densitometers Segment to Grow Significantly at 4% CAGR During the Forecast Period

On the basis of end-use applications, the global bone densitometers market has been segmented into hospital-based bone densitometers and clinic-based bone densitometers. As hospitals act as the main hub for detecting bone density, the hospital-based bone densitometers segment will drive the market during the forecast period.

The bone densitometers market has been segmented into axial and peripheral bone densitometers depending upon the technology used. Axial bone densitometers segment has been further sub-segmented into dual energy X-ray absorptiometry (DEXA) and Quantitative Computed Tomography (QCT). Peripheral bone densitometers are sub-categorized into X-ray absorptiometry, quantitative ultrasound (QUS), Peripheral Quantitative Computed Tomography (pQCT), and Radiographic Absorptiometry (RA). In 2012, the axial DEXA segment dominated the global bone densitometers market and was valued at US$297.8 million. Peripheral QCT bone densitometers segment is expected to grow at a CAGR of 4% during the forecast period due to a range of benefits such as better accuracy and precision, high sensitivity, portability of devices, and less exposure to radiation.

North America to Drive the Demand from Global Bone Densitometers Market

The global bone densitometers market has four key regional segments: Europe, North America, Asia Pacific, and Rest of the World. North America held the majority share of the market in 2012. Europe turned out to be the second largest market due to the increased demand for bone density measurement. During the period between 2013 and 2019, North America is forecasted to hold its leading position in the bone densitometers market owing to the increasing geriatric population and growing adoption of DEXA systems.

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Key Players of the Global Bone Densitometers Market

The major players in the global bone densitometers market are CooperSurgical Inc., Diagnostic Medical Systems S.A., GE Healthcare Ltd., and Hologic Inc. Some of the other players include CompuMed Inc., OsteometerMediTech Inc., Lone Oak Medical Technologies LLC, and BeamMed Ltd.

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