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Market Intel: Expanding Elderly Population Gives Leg Up To Osteoporosis Dx Growth

 
• By Marion Webb

The global market for osteoporosis diagnostic products is expected to expand from $253m in 2015 to $304m by 2020, fueled by a rising aging population and the need to test for osteoporosis and associated fracture risk. This article offers an in-depth look at the growth markets for both bone densitometer testing and biochemical marker tests, as well as the evolving competitive landscape, and the drivers and barriers to market entry.

Osteoporosis upper limb bones - 3d rendering
Osteoporosis diagnostic products will grow in sales with rising elderly population • Source: Shutterstock

The demand for products to diagnose osteoporosis – in particular, bone densitometer devices – continues to rise globally amid the growing aging population and high incidence rates of osteoporosis and associated fractures.

According to Datamonitor Healthcare, the number of adults with osteoporosis in the US will climb from 9.8 million in 2015 to an estimated 11 million in 2020, then to 13.3 million by 2030, representing a 34% increase from 2015. In the five major EU markets (France, Germany, Italy, Spain and the UK), 2015 saw around 28.9 million cases osteoporosis, and this is expected to reach 31.2 million in 2020 and 35.2 million by 2030

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