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Dental Digital X-ray Market worth $7.0 billion by 2027 | Planmeca Oy (Finalnd), VATECH CO. Ltd (South Korea), DENTSPLY SIRONA Inc. (US), VAREX IMAGING CORPORATION (US)

09-04-2023 10:08 AM CET | Health & Medicine

Press release from: MarketsandMarkets

Dental Digital X-ray Market worth $7.0 billion

Dental Digital X-ray Market worth $7.0 billion

Dental Digital X-ray Market in terms of revenue was estimated to be worth $4.0 billion in 2022 and is poised to reach $7.0 billion by 2027, growing at a CAGR of 11.9% from 2022 to 2027 according to a new report by MarketsandMarkets™. The overall increase in the number of dental disorders is the major factor driving the market during the forecast period. Additionally, the shift towards digital x-ray systems from analog systems, and the rising awareness related to dental diseases and their treatment also contributes to market growth.

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This report divides the dental digital x-ray market into five segments - type, product, region application, and end user.

"During the forecast period, the digital x-ray systems segment is expected to be the fastest growing segment of the dental x-ray market."

Under product, the digital x-ray systems segment is forecasted to grow at the highest CAGR from 2022 to 2027. An increasing preference for digital X-ray systems over analog systems, owing to their advantages such as low radiation dose and instant image viewing capabilities, is expected to fuel the growth of this market segment.

"In 2021, by end user, hospitals and diagnostic imaging centers held the largest share of the ultrasound probe covers market."

By end user, the dental digital x-ray market can be segmented into dental hospitals & clinics, dental academic & research institutes, and forensic laboratories.

due to the growing number of dental clinics and the increasing adoption of digital dental imaging systems and CBCT scanners to obtain accurate and fast results, the dental hospitals & clinics segment occupied the largest share of the market in 2021.

"In 2021, North America was the region with the largest market share in the dental digital x-ray market"

The dental digital x-ray market is segmented into four major regions, namely, North America, Europe, Asia Pacific (APAC), and the Rest of the World (RoW).

North America accounted for the largest share of the dental digital x-ray market in 2021. The high prevalence of dental diseases, rising healthcare expenditure, and presence of major players in the US is driving the growth of the dental digital x-ray market in the region.

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Dental Digital X-ray Market Dynamics:

Drivers:

Technological advancements
Rapidly growing aging population
Reduced diagnosis time and improved cost savings
Increasing adoption of cone-beam computed tomography (CBCT)
Increasing number of dental disorders
Growing demand for cosmetic dentistry
Increased accessibility and data management

Restraints:

High cost of digital X-ray systems and potential risks associated with radiation exposure
Lack of reimbursement for dental care

Opportunities:

Growing medical tourism
Development of AI-based digital X-ray systems
Low penetration of advanced dental digital X-ray systems
Emerging markets

Challenges:

Management of high volumes of image data; cyberattacks; and dearth of trained professionals
Survival of new entrants

Key Market Players:

Key players in the dental digital x-ray market include Planmeca Oy (Finalnd), VATECH CO. Ltd (South Korea), DENTSPLY SIRONA Inc. (US), VAREX IMAGING CORPORATION (US), Envista Holdings Corporation (US), Acteon Group (France), Hefei Meyer Optometric Technology Inc. (China), Air Techniques, Inc. (US), and The Yoshida Dental Mfg. Co. (Japan).

These companies adopted strategies such as product launches and enhancements, collaborations, partnerships, and acquisitions to strengthen their presence in the dental digital x-ray market.

Recent Developments

In April 2022, Envista Holdings Corporation (US) acquired Carestream Dental's Intra-Oral Scanner (US) in line with its long-term strategy to focus on its fastest-growing Specialty Products & Technologies segment to digitalize dental workflows

In February 2022, DENTSPLY SIRONA Inc. (US) announced its collaboration with Google Cloud (US) and the launch of its medical-grade 3D printing solution to drive its leadership in Digital Dentistry.

In September 2021, Planmeca Oy (Finland) acquired KaVo Treatment Unit & Instrument business from Envista Holdings Corporation (US) to strengthen companies' product portfolio and dental solutions.

In March 2021, Air Techniques, Inc. (US) announced its partnership with DENTSPLY SIRONA (US)'s SICAT software. This Integration of SICAT software with ProVecta 3D Prime allows dentists to provide patients with an ideal experience.

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Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
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Northbrook, IL 60062
USA : 1-888-600-6441
sales@marketsandmarkets.com

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets's flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

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