Bone Sonometers Market: Current Analysis and Forecast (2024-2032)

A bone sonometer is an instrument that diagnoses or supervises bone density and bone quality. it is generally applied for diagnosing illnesses such as osteoporosis. They work on the basis of ultrasonic waves, which determine how these waves propagate through bones. This examination makes use of two characteristic indices, namely the Speed of Sound (SOS) and Broadband Ultrasound Attenuation (BUA) in an effort to assess bone status. It is measured against some normative values based on the age and sex of the patient; denser and healthier bones are better transmitters of sound waves. Bone sonometers are typically applied to peripheral areas of the body, for example, on the heel (calcaneum), fingers, or forearm. As compared to methods like DEXA bone density measurement, bone sonometers are portable, non-ionizing, less expensive, and therefore suitable as a first-line assessment and in clinical areas where DEXA is inaccessible. Although less accurate than the DEXA scans, they enable easy determination of subjects at risk of fractures or assessment of changes in bone density over time.

The Bone Sonometers Market is expected to grow with a significant CAGR of 5.7% during the forecast period (2024-2032). The bone sonometers market has been propelled by the rising incidences of osteoporosis and related fractures, and the elderly population's need for cost-effective and effective methods of bone density assessment. Advancements in preventive care with regard to bone-related diseases are putting pressure on various care providers to embrace non-invasive, portable, and radiation-free equipment such as bone sonometers. New technologies in ultrasonic diagnostic technology for imaging and the shift from centralized laboratory testing to near-patient testing are also propelling the market's growth.

Based on the design, the market is segmented into two categories, stationary bone sonometers and portable bone sonometers. Among these, stationary bone sonometer presently occupies a larger market share when compared with the portable bone sonometer segment. This is mainly due to the fact that stationary devices are extensively used in hospitals, clinics, and diagnostic centers where precision and accurate bone density measurements are essential. They provide far richer capabilities and accuracy that makes them ideal to use in highly functional diagnostic environments. However, it has been forecasted that the portable bone sonometer will show considerable future growth. Owing to access and convenience aspects pursued by current healthcare systems, portable devices are progressively gaining adoption because of their ease, low costs, and heightened ability to implement preliminary screening in different or distinct care circumstances.

According to the application, the market can be divided into 4 categories- osteoporosis screening, fracture risk assessment, monitoring bone health, and others. Out of these, the segmentation by the osteoporosis screening application is at the forefront, occupying the largest share in the bone sonometers market. This dominance is a result of the fact that osteoporosis is increasingly becoming a worldwide issue with special tendencies toward the aged and postmenopausal ladies. The need for early detection of osteoporosis in order to avoid fractures and the recent surge in awareness of the condition is making bone sonometers available for mass screening. The large population of elderly people, mass governmental and healthcare campaigns related to osteoporosis, and the beginning of screening programs augment the great market position of this segment.

Based on the end-user, the market has been segmented into hospitals, ambulatory surgical centers, clinics, and others. Out of these, the hospital segment is currently dominating the market of bone sonometers. As large units of healthcare systems, hospitals act as a single point of contact for effective diagnosis, management, and treatment, including osteoporosis screening and evaluation of patients' fracture risk, bone health monitoring, and other related problems. By virtue of its expertise, strong infrastructure, and high patient turnover, hospitals are the primary distribution channel for bone sonometers. Moreover, hospitals regularly engage in providing services for government healthcare programs and various screening campaigns that further enhance the industry's dominant position.

For a better understanding of the market penetration of bone sonometers market is analyzed based on its worldwide presence in regions such as North America (U.S., Canada, and the Rest of North America), Europe (Germany, France, U.K., Spain, Italy, Rest of Europe), Asia-Pacific (China, Japan, India, Rest of Asia-Pacific), Rest of World. Asia-Pacific is expected to grow with a significant CAGR in the forecast period (2024-2032) owing to the growing incidence of osteoporosis, especially in countries like India and China. The emphasis is made on the development of collaboration activities to improve product development in the bone sonometer market.

Some of the major players operating in the market include GE HealthCare Technologies Inc., CyberLogic, inc., Xuzhou Pinyuan Electronic Technology Co., Ltd., Echolight S.p.a, Furuno Electric, Osteosys, BeamMed Ltd., SonicBone, BMTech Co., Ltd., Life Medical Equipment Co., Ltd.