Dental imaging equipment market is estimated to be valued at US$ 3,287.2 million in 2021 and is expected to exhibit a CAGR of 6.8% during the forecast period (2021-2028).

Impact of COVID-19 Pandemic

The coronavirus (COVID-19) pandemic and lockdowns in various countries across the globe have impacted the financial status of businesses across all sectors. The private healthcare sector is one of the sectors, which has been majorly impacted by the COVID-19 pandemic. The lockdown in various countries due to the COVID-19 pandemic has created an economic burden on the private healthcare sectors. Moreover, the pandemic has negatively impacted the development, production, and supply of drugs, and affected growth of the healthcare segment of various companies across the globe. This has led to closure of industrial establishments, except manufacturing of essential commodities and disruption in supply chain of products. The COVID-19 pandemic has affected the economy in three main ways: 1) by directly affecting the production and demand, 2) by creating disruptions in distribution channels, and 3) through its financial impact on companies and financial markets. Supply chain and manufacturing activities in India, China, the U.S., and others have been disrupted due to lockdowns. Whereas, countries such as Thailand, Indonesia, Singapore, and others are facing problems with transportation of drugs and medications.

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Increasing product launches is expected to drive growth of the global dental imaging equipment market during the forecast period. For instance, in September 2019, Planmeca USA, a manufacturer of dental imaging and CAD/CAM equipment, launched a new CBCT imaging unit, the Planmeca Viso G5, at the ADA FDI 2019 World Dental Congress in San Francisco, U.S. The new Planmeca Viso G5 CBCT unit has an unlimited field of view from 3x3 cm to 20x17 cm with a maximum single scan volume of 20x10 cm. The unit is equipped with four built-in cameras for live patient positioning and advanced technology such as Planmeca ProFace and Planmeca 4D Jaw Motion required for advanced diagnostics.

Moreover, adoption of inorganic strategies such as mergers & acquisitions is expected to propel the global dental imaging equipment market growth over the forecast period. For instance, in August 2019, Royal Philips acquired Carestream Health’s imaging IT business in 26 out of the 38 countries in which it operates.

Furthermore, rising number of distribution agreements of dental equipment is expected to boost the global dental imaging equipment market growth over the forecast period. For instance, according to the data published in Science Daily Journal, in August 2017, researchers from University of British Columbia, Canada, developed a new artificial bone design that can be customized and made with a 3-D printer for stronger, safer, and highly effective bone replacements.

Growing prevalence of oral diseases is expected to propel the global dental imaging equipment market growth in the near future. According to a revised report by National Center for Health Statistics in July 2018, prevalence of total dental caries (untreated and treated) were 45.8% while prevalence of untreated dental caries were 13.0% among youth aged 2–19 years in the U.S. during 2015–2016. Moreover, increasing clinical trials conducted for development of systematic bone graft for the treatment of bone deformity due to trauma and other conditions is expected to accelerate growth of the global dental imaging equipment market in the near future. For instance, in June 2018, Ceramisys Ltd. initiated the clinical trial study for the safety and efficacy of synthetic bone graft substitutes for the treatment of the bone deformity due to trauma and other condition.

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Key Takeaways

The global dental imaging equipment market is expected to witness significant growth, registering a CAGR of 6.8% over the forecast period (2021-2028). This is owing to increasing number of distribution agreement by key companies. For instance, in May 2019, Align Technology, Inc. announced a distribution agreement for Align’s family of iTero Element intraoral scanners with Benco Dental, which is the largest privately-owned dental distributor in the U.S. This agreement expands Benco’s offerings to the general dentist community with iTero scanner’s proven digital technology including exclusive visualization software with the outcome simulator.

On the basis of product type, extra oral X-ray segment is expected to hold dominant position over the forecast period, owing to rising product launches. For instance, September 2016, LED Dental, a wholly owned subsidiary of LED Medical Diagnostics Inc., launched RAYSCAN Alpha Plus, an extra oral imaging system.

Dental Imaging Equipment Market – Competitive Landscape

Key players functioning in the global prosthetic liners market consists of Dentsply Sirona Inc., Planmeca Oy, Carestream Health, VATECH, ACTEON, Envista, CALCIVIS, Align Technology Inc., Cefla s.c., and Yoshida Dental Mfg. Co. Ltd.

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This release was published on openPR.