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Cone Beam Computed Tomography (CBCT) Market - Positive long-term growth outlook 2023

07-10-2017 02:00 PM CET | Health & Medicine

Press release from: Transparency Market Research

Cone Beam Computed Tomography

Cone Beam Computed Tomography

The trend in the global cone beam computed tomography (CBCT) indicates that players must invest in developing countries to cater to consumers’ unmet medical demands and attain bigger revenue shares, says Transparency Market Research in a new report. Danaher, Planmeca, and Sirona jointly held a massive share of 70% in the global market in 2015.

Analysts have identified Asia Pacific as the most promising region for growth in the coming few years. Furthermore, leading players are also focusing on strategic mergers and acquisitions to expand their product portfolio and their access to the customers.

This 78 page report gives readers a comprehensive overview of the Cone Beam Computed Tomography (CBCT) Market. Browse through 9 data tables and 21 figures to unlock the hidden opportunities in this market: http://www.transparencymarketresearch.com/cone-beam-computed-tomography-market.html

Statistics published by the United Nations Population Division in 2013 suggested that the aging population is anticipated to reach 2 billion by the end of 2050 from 841 million in 2013. This whopping rise is likely to be the basic premise ushering in a new wave of growth for the CBCT technologies across the globe. The dental complications of the aged people are going to increase the demand for sophisticated imaging techniques in dentistry, thereby propelling the revenues earned by these technologies in the coming few years. This growth will also be complemented by factors such as the need for effectiveness in medical interventions and result-oriented research and development activities.

The tough excise duty imposed on the sale of medical devices across the U.S. is an unfair constraint for the CBCT market. The high cost of utilizing this technology is also holding back several institutes and healthcare centers to use CBCT technologies. TMR analyst says, “The adamancy to stick with conventional methods instead of adopting new-age technologies is also hampering the growth of the CBCT technologies across the world.”

Get accurate market forecast and analysis on the Cone Beam Computed Tomography (CBCT) Market. Request a sample to stay abreast on the key trends impacting this market: http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=10508

Analysts predict that strengthening economies of Mexico, Brazil, China, and India will offer a score of opportunities to the overall CBCT market to grow in the near future. Furthermore, the increasing healthcare expenditure of these countries is also going to play a major role in the surge of this market. The improving disposable incomes of Asia Pacific are also going to contribute generously to the CBCT market in the coming years.

The report published by Transparency Market Research states that the opportunity in the global CBCT market will be worth US$ 960.8 mn by the end of 2023. As of 2014, the market was valued at US$407.5 mn. However, the market will expand at a CAGR of 10.0% between 2015 and 2023. The report also suggests that oral surgery will be fastest-growing application segment promoting the use of CBCT technology. As of 2015, this application segment held a share of 26.4% in the overall market. Regionally, North America held a share of 41.4% in the total of CBCT market in 2015. The soaring demand for dental procedures is expected to keep this region as the leading geographical segment in the coming years.

About Us

Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants, use proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.

Each TMR syndicated research report covers a different sector - such as pharmaceuticals, chemicals, energy, food & beverages, semiconductors, med-devices, consumer goods and technology. These reports provide in-depth analysis and deep segmentation to possible micro levels. With wider scope and stratified research methodology, TMR’s syndicated reports strive to provide clients to serve their overall research requirement.

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