Dental Imaging Equipment Market SWOT Analysis and Major Players Planmeca Oy, Dentsply Sirona, Midmark Corporation, LED Medical Diagnostics, Carestream Health

The global dental imaging equipment market was valued at US$ 1,721 million in 2017 and is expected to witness a robust CAGR of 6.9% over the forecast period (2018–2026).

Factors such as increasing number of oral diseases as well as rising number of dental procedures performed across the world are expected to significantly contribute to growth of the dental imaging equipment market. According to the World Health Organization 2017, orofacial clefts occur in around 1 per 500-700 births, globally. Moreover, according to the Centers of Disease Control and Prevention (CDC), dental visits accounted for around 64% of the adult population and 84.7% of total number of children in the U.S., in 2015. Moreover, according to the National Institute of Dental and Craniofacial Research 2016, around 8.52% of adults aged 20-64 years suffered from periodontal disease. Moreover, growing cosmetic industry leading to number of new dentists setting up their clinics is also expected to favor the growth of global dental imaging equipment market as dental images comprise a significant part in determining the faults and defects in the placement of the dental cavity.

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According to the British Academy of Cosmetic Dentistry 2012, almost one fourth of the entire population of the U.K. has undergone a cosmetic dental procedure. Moreover, the increasing number of dental implantation procedures is further expected to augment the market growth. According to a report published by American College of Prosthodontists, around 178 million people replaced a missing tooth with a dental implant, in the U.S. in 2015. However, high costs of advanced technology-based devices make dental imaging equipment unaffordable to for use, especially in low- and mid-size clinics, which in turn is expected to hinder growth of the global dental imaging equipment market.

Among regions, North America holds a dominant in the global dental imaging equipment market. This is attributed to rapid development and launch of novel dental imaging tools and equipment by key players in the region. For instance, in March 2015, LED Medical Diagnostics introduced the new RioSensor intra-oral radiography system in the U.S. and Canada, which has a resolution of fewer than 20 line pairs per millimeter providing precise image quality. Moreover, the rising incidence of periodontal diseases is also expected to foster growth of the North American market. For instance, according to Centers of Disease Control and Prevention (CDC), one out of every two people aged 30 years and above suffered from periodontal disease in 2012, in the U.S. On the other hand, Asia Pacific is expected to exhibit high growth over the forecast period, owing to increasing medical tourism in the Asian countries such as India and ASEAN regions for dental bone grafting and implantation procedures, which increases the demand for oral cavity scans before the treatment. According to the Indian Brand Equity Foundation (IBEF), the cost of dental procedures in India are 10 times lesser that the cost of same procedures in the U.S. and Europe.

Market players are engaging in innovative product launches to sustain their position in the global dental imaging equipment market

Key players in the market are focused on expansion of their presence through launch of new imaging tools and instruments worldwide. For instance, in February 2018, Planmed introduced Planmed Verity cone beam computed tomography scanner for head and oral imaging. Moreover, in February 2011, PreXion introduced PreXion 3D Elite cone beam CT imager that reduces radiation exposure by up to 53% in 8.6 sec scan. Key players operating in the global dental imaging equipment market include Planmeca Oy, Dentsply Sirona, Midmark Corporation, LED Medical Diagnostics, Inc., Carestream Health, Inc., Danaher Corporation, The Yoshida Dental Mfg. Co., Ltd., Vatech Co. Ltd., Flow Dental Corporation, and Acteon Group.

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