The size of the North America Bone Densitometer Devices Market is forecasted to be growing at a promising CAGR between 2024 to 2029.
The North America Bone Densitometer Devices Market is expected to be fuelled by the proliferation of osteoporosis, growing adoption of bone densitometer devices during orthopedic treatment, and the presence of highly sophisticated healthcare infrastructure. Also, growing awareness among the patients in the region about osteoporosis and the surging demand for bone densitometers is driving the market growth. Growing geriatric population and rising number of diseases liked osteoporosis increase the market. The rise in the geriatric population, which is more vulnerable to bone-related illnesses, is one of the major drivers of the bone densitometer market; this, coupled with the rising incidences of fragility fracture, substantially contributes to market expansion.
Moreover, favorable reimbursement programs and an increase in the adoption rate of bone mineral density scanning devices raise the market growth. The growing number of total knee replacement operations across the country is one of the primary drivers of the bone densitometer's development. According
to the American Academy of Orthopedic Surgeons (AAOS), almost half of all people in the United States have knee osteoarthritis in at least one knee. As a result of these high rates of osteoporosis, the need for bone densitometer operations rises, propelling the country's market forward.
Additionally, technological advancements and innovation in these devices are expected to drive the market. As a result, several firms dominate the bone densitometer market. CompuMed, Inc., a diagnostic and medical equipment business located in the United States, is one of the region's leading companies. The firm provides cutting-edge telemedicine infrastructure and support, as well as a world-class clinical treatment. Diagnostic telemedicine solutions and diagnostic equipment are also available.
However, factors such as the high cost of bone densitometers and low awareness are expected to hinder the growth of this market. The inability of suppliers to meet the demand for bone densitometers, and Lack of skilled personnel, hampering the development of the market
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Geographically, the North American Bone Densitometer Devices Market leads the world market as of 2020 and is expected to continue the trend in the future. The North American regional market growth is attributed to the growing awareness among the people in the region about osteoporosis, increasing healthcare infrastructure, and the availability of sophisticated healthcare services. As a result, osteoporosis is regarded as a serious public health issue. Over 200 million individuals are thought to be affected by the illness globally, with osteoporosis affecting over 30% of all postmenopausal women in the United States and Europe. In addition, the aging of North American populations has resulted in a considerable increase in the incidence of osteoporosis in postmenopausal women. As a result, as the prevalence of osteoporosis rises, so does the need for bone densitometers. In addition, there are several other advantages to using these devices, including their ease of use, short duration, non-invasive nature, and Lack of need for anesthesia, all of which make them a reliable technique for determining bone loss.
During the previous year, the United States dominated the Bone Densitometer Devices Market and projected to have a rapid share in the market. In addition, consistent technical advances throughout the period, such as introducing integrated digital detectors and computer-assisted & ultrasonic densitometers, have been proven to have a high level of simplicity of use and reduced measuring time. As a result, all of these technical breakthroughs contribute to market growth. On the other hand, the Canadian Bone Densitometer Devices Market is projected to share a moderate share during the forecast period.
A few of the noteworthy companies operating in the North American bone densitometer devices market are Lone Oak Medical Technologies LLC, GE Healthcare, Osteometer Meditech, Hologic Inc. , Beamed, Medonica Co. Ltd., Swissray International Inc., Diagnostic Medical System SA, and Osteosys Co. Ltd.
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