Dental Imaging Equipment Market to reach US$ 3,712.7 Mn by 2024

The global dental imaging equipment market is estimated at US$ 2,088.2 Mn in 2015 and will expand at a moderate CAGR during the forecast period 2016-2024.

CBCT Imaging To Fuel Growth of Global Dental Imaging Equipment Market

Adoption of cone-beam computed tomography (CBCT) will continue to influence global dental imaging equipment market revenues. Dental professionals and radiologists are preferring CBCT over traditional dental imaging techniques as it helps reconstruct a 3-D image of oral and maxillofacial region.

As a product type segment, cone-based computed tomography currently accounts for over 18% revenue share of the global dental imaging equipment market. This segment is anticipated to increase at a year-over-year growth rate of 5.3% in 2016 over 2015 and reach US$ 396 Mn in revenues. In terms of market volume, 1,193 units of CBCT systems are expected to be sold in 2016.

Cone-beam Computed Tomography in Dental Imaging - Market Dynamics

Drivers

Cone-beam computed tomography is one of the latest advancements in the global dental imaging systems and is considered as a prominent product-type segment in the global market for dental imaging equipment. The use of CBCT imaging equipment has increased in various aspects of dentistry and periodontal surgery. Implant dentistry and interventional radiology are some of the key clinical verticals that extensively use the CBCT imaging equipment. As a result, cone-beam computed tomography is emerging as an important and the most enhanced dental imaging system in private dental clinics, hospitals and ambulatory surgical centres. Moreover, the demand for CBCT scanners has increased in oral surgery, endodontics as well as orthodontics. Additionally, the rising number of cosmetic dental surgeries and complex dental procedures will continue to drive the growth in the demand for CBCT imaging equipment in the global market. The use of CBCT as an integrated surgical component in image-guided radiation therapy is also observed as the key factor fuelling the demand for cone-beam computed tomography in the global dental imaging equipment market.

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Restraints

The risks of using CBCT technology are perceived as the main restraints challenging the growth of the segment in the global dental imaging equipment market. Unlike the conventional extraoral X-ray imaging, the radiation delivered by CBCT systems is higher, causing unanticipated damages on the health of the patient. Owing to this, several dental practitioners are reluctant to use these systems extensively, thereby lowering the adoption of cone-beam computed tomography.

The risk of radiation exposure through CBCT is higher among children and teens – a key demographic undergoing dental surgeries. Also, the higher threat towards cancer incidence has drastically plunged the demand for CBCT equipment in hospitals. The technical disadvantages of CBCT systems such as lack of standardised scaling system for reconstructed dental values and the absence of bone density assessment are also expected to limit the growth of cone-beam computed technology in the global dental imaging equipment market.

CBCT Imaging Equipment - Market Outlook

The effective surgical outcomes from the use of CBCT imaging equipment in dentistry have boosted the prominence of the technology in the global market. CBCT imaging products and devices are observed as the fastest growing product-type segment in the global market. The cone-beam computed tomography has gained prominence in North America, which is one of the leading region in the global dental imaging equipment market.

The upsurge in the installation of CBCT imaging systems in the US is expected to register a CAGR of over 8% during the forecast period. As a result, the CBCT segment in North America is expected to account for US$ 297.3 Mn by the end of 2024. In Europe, the growth in demand for cone-beam computed technology is expected to expand at a CAGR of over 7% and reach US$ 174.2 Mn over the period of next 8 years. At a similar CAGR, the CBCT equipment market in the Asia Pacific region is expected to attain over US$ 134 Mn by the end of the forecast period.

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Key Players in the CBCT Imaging Equipment Market

Danaher Corporation, one of the leading companies in the global market for dental imaging equipment, is dominating the global market share, owing to the company’s flagship products that include enhanced CBCT equipment. The other major players in the CBCT imaging equipment market include, Planmeca Oy, Carestream Health, and Dentsply Sirona.

In the year 2015, the intraoral x-ray systems type held the majority market share of the global market, followed by extraoral x-ray systems and cone-beam computed tomography. At an estimated CAGR of 7.5 % during 2016-2024, the CBCT segment is estimated to continue its upsurge in terms of market share throughout the forecast period and attain the third most prominent product-type sub-segment in the global dental imaging equipment market.

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This release was published on openPR.