Global Axial Bone Densitometer Market to Hit $1 Billion by 2033
- The axial bone densitometer market was valued at $0.7 billion in 2023 and is projected to reach $1.0 billion by 2033.
- Dual-Energy X-ray Absorptiometry (DEXA) is the preferred technology for diagnosing osteoporosis and assessing fracture risks.
- Despite robust growth, high costs of devices may hinder market expansion.
On September 27, 2024, Allied Market Research released a report detailing the axial bone densitometer market, which was valued at $0.7 billion in 2023 and is projected to reach $1.0 billion by 2033, growing at a CAGR of 3.9%. The report highlights the significance of Dual-Energy X-ray Absorptiometry (DEXA) technology in diagnosing osteoporosis and assessing fracture risks, emphasizing its precision and accuracy in measuring bone mineral density. Diagnostic centers play a crucial role in this market, providing essential services for bone health assessments. The report also notes that while North America and Europe lead in market growth due to high healthcare spending and aging populations, the Asia-Pacific region is rapidly expanding, driven by improvements in healthcare infrastructure. However, the high cost of axial bone densitometer devices poses a challenge to market growth. Key players in the industry, including GE Healthcare and Hologic Inc., are adopting various strategies such as product launches and expansions to enhance their market presence. The report serves as a comprehensive analysis of the market dynamics, opportunities, and challenges faced by stakeholders in the axial bone densitometer sector.