Bone Densitometer Systems Market Trends

Growth Drivers

• Growing Prevalence of Musculoskeletal Diseases - Musculoskeletal diseases are a group of diseases that usually affects the joints, bones, and muscles, and aid the development of other bone diseases and their related illnesses. Treatment of such musculoskeletal conditions requires bone densitometer systems for an effective healing process of bones. As per the statistics shared by the World Health Organization (WHO) in 2022, approximately 1.71 billion people are affected by musculoskeletal conditions all over the world.
• Rapid Growth of the Orthopedic Devices Industry –This expansion of orthopedic devices is anticipated to generate favorable opportunities for an increase in the utilization rate of bone densitometer systems in treating bone diseases. For instance, the orthopedic device industry was expected to reach a total value of USD 45 billion by 2022.
• Rapid Escalation in Number of Bone Fractures – For instance, in 2019, there were more than 175 million cases of fractures and approximately 450 million cases of acute or long-term symptoms of a fracture.
• High Focus on Developing the Medical Devices Sector - The data revealed by the India Brand Equity Foundation (IBEF) stated that in FY20, the foreign investments in the Indian medical devices sector increased to USD 301 million from USD 151 million in FY19, which indicates a 98% increment.

Challenges

• High Cost of Bone Densitometer Systems – Dual-energy X-ray Absorptiometry (DEXA) is one of the most common methods of bone densitometer systems for detecting bone mineral density. However, the cost of DEXA scanners is very much high owing to the integration of technologically advanced features and programs.
• Requirement of High Initial Investments
• Unavailability of Skilled Workforce for Utilization of Advanced Devices