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Extraoral X-ray Imaging market targets USD 2757.6 million by 2029 with a CAGR of 6.2% during 2023-2029

04-15-2024 04:18 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: Quants and Trends

Extraoral X-ray Imaging market

Extraoral X-ray Imaging market

The global Extraoral X-ray Imaging market size was valued at USD 1807.5 million in 2022 and is forecast to a readjusted size of USD 2757.6 million by 2029 with a CAGR of 6.2% during review period. The global extraoral X-ray imaging market is witnessing significant growth fueled by technological advancements, increasing demand for dental and medical imaging solutions, and rising healthcare expenditures worldwide. The report delves into the intricacies of this market, providing insights into its dynamics, key players, segmentation, regional trends, and future prospects.

Market Overview:
Extraoral X-ray imaging involves capturing images of the outside of the mouth to diagnose various dental and medical conditions. It has become an indispensable tool in dental clinics, hospitals, and imaging centers worldwide. The market for extraoral X-ray imaging is experiencing steady growth due to the rising prevalence of dental and maxillofacial disorders, coupled with the increasing adoption of advanced imaging technologies.

Market Key Players:
• Envista Holdings
• Dentsply Sirona
• Vatech
• Planmeca
• Carestream Dental
• Morita
• Yoshida
• Air Techniques
• NewTom (Cefla)
• Midmark
• Asahi Roentgen
• Acteon
• Meyer
• LargeV

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Market Segmentation by Type:
• Panoramic
• CBCT

Market Segmentation by Application:
• Hospital
• Dental Clinic

US Market:
The United States represents one of the largest markets for extraoral X-ray imaging, driven by the presence of a well-established healthcare infrastructure, high healthcare expenditures, and the growing prevalence of dental disorders. Additionally, technological advancements and the adoption of digital imaging technologies are further fueling market growth in the country.

EUROPE Market:
Europe is another significant market for extraoral X-ray imaging, with countries like Germany, the UK, and France leading the adoption of advanced imaging solutions. The region's favorable reimbursement policies and increasing investments in healthcare infrastructure are contributing to market growth.

APAC Market:
The Asia-Pacific (APAC) region is witnessing rapid growth in the extraoral X-ray imaging market due to the rising healthcare expenditure, increasing awareness about oral health, and the growing geriatric population. Countries like China, Japan, and India are expected to drive market expansion in the region.

Middle-East Market:
The Middle East region is also emerging as a lucrative market for extraoral X-ray imaging, propelled by the improving healthcare infrastructure, rising disposable incomes, and growing medical tourism.

Market Segmentation by Regions:
• North America (United States, Canada and Mexico)
• Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
• Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
• South America (Brazil, Argentina, Colombia, and Rest of South America)
• Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)

For Exhaustive Table of Contents and Tables and Figures, please visit @ https://quantsandtrends.com/Extraoral-X-Ray-Imaging-Market

Market Strengths:
• Growing prevalence of dental disorders
• Technological advancements in imaging systems
• Increasing adoption of digital imaging solutions
• Rising healthcare expenditures worldwide

Market Weaknesses:
• High cost associated with advanced imaging systems
• Limited awareness about extraoral X-ray imaging in some regions
• Concerns regarding radiation exposure

Market Opportunities:
• Untapped markets in developing regions
• Expansion of dental clinics and imaging centers
• Integration of artificial intelligence in imaging systems
• Development of portable and cost-effective imaging solutions

Market Threats:
• Intense competition among key players
• Stringent regulatory requirements
• Economic downturns impacting healthcare budgets
• Threat of substitute imaging modalities

Market Past Performance:
The extraoral X-ray imaging market has witnessed steady growth in recent years, driven by technological advancements, increasing investments in healthcare infrastructure, and rising demand for dental and medical imaging solutions. The market has also experienced consolidation, with mergers and acquisitions among key players shaping the competitive landscape.

Market Forecast:
The future outlook for the extraoral X-ray imaging market remains positive, with continued technological innovations, increasing adoption of digital imaging solutions, and growing awareness about oral health driving market growth. The market is expected to witness robust expansion across regions, with significant opportunities for market players.

Market Research and Development:
Market players are focusing on research and development activities to introduce innovative products and enhance their market presence. Key areas of research include the development of advanced imaging algorithms, integration of artificial intelligence, and the launch of portable imaging solutions.

Market Pestel Analysis:
• Political factors: Healthcare policies, regulations, and government initiatives
• Economic factors: Healthcare expenditures, reimbursement policies, and economic conditions
• Social factors: Changing demographics, increasing awareness about oral health
• Technological factors: Advancements in imaging technologies, integration of AI
• Environmental factors: Environmental regulations, sustainability concerns
• Legal factors: Regulatory requirements, compliance standards

Market Sipoc Analysis:
• Suppliers: Manufacturers of imaging systems, components, and software
• Inputs: Technological innovations, research and development activities
• Processes: Imaging procedures, quality control measures, regulatory compliance
• Outputs: Diagnostic images, treatment plans, patient outcomes
• Customers: Dental clinics, hospitals, imaging centers, healthcare providers, patients

Conclusion:
The extraoral X-ray imaging market presents significant growth opportunities driven by technological advancements, increasing healthcare expenditures, and rising demand for dental and medical imaging solutions. Market players need to focus on innovation, research, and strategic partnerships to capitalize on these opportunities and maintain their competitive edge in the market.

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Sector-13, Chikhali Pradhikaran,
Pune-411019, Maharashtra, India.
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