Dental Imaging Market Size, Share & Trends Analysis Report 2020-2027
The global dental imaging market was valued at USD 4.3 billion during the end of 2019 and is anticipated to grow at a CAGR of 8.8% over the upcoming years. The market has taken a giant leap in the past decade owing to the increase in oral health problems in almost all regions of the world. The growing awareness of people regarding improving and maintaining oral hygiene is expected to further boost this market over the upcoming years. The major factors affecting the dental imaging market are the growing concerns about periodontitis and dental caries which promoted the growth of dental radiography which is most prevalent in oral treatment.
Additionally, the increased boom in the cosmetics industry sector is further anticipated to boost the dental imagery market over the upcoming years. As per the research study conducted by the Centre for Disease Control and Prevention which concludes that periodontal diseases are most common in the US population and tooth decay and cavities have been reported as the most common causes of oral disorders in most kids, adolescents, and adults across the globe. Thus, causing the increased need for dental imagery across the globe. Apart from these, routine oral health check-ups and promotion of oral hygiene by Mediclaim policies are expected to further grow this market. However, the increasing cost of dental radiography systems and the increasing cost of the dental imaging market is expected to hinder the market growth.
The dental imagery market is classified on the basis of product into digital and analog. Analog radiographs are traditional comprising a cassette, film and intensifying screen and are rarely used in the modern-day. A gradual rise in the usage of digital systems has been observed in recent years. The digital radiography segment is expected to gain momentum in the upcoming years as the later is a cleaner technology and does not comprise of any film or chemicals and the advantages are more promising than the analog imagery. With the medical experts, increasingly acknowledging the benefits of digital imagery and the simplicity of later over former is expected to grow the market in the upcoming years. The US federal agency of Medicare and Medicaid Services has taken appropriate measures to switch towards digital radiography systems. These new norms and developments are expected to affect the market share of analog dental imagery.
The type segment is classified into intraoral and extraoral x-rays. Intraoral radiographs are further classified into occlusal, bitewing, and periapical. The bitewing intraoral radiographs were valued as the largest in market share at the end of 2019 owing to its major applications such as therapeutic and diagnostic procedures during oral treatments. The bitewing radiographs are majorly used in providing patient comfort and safety by early detection of oral conditions. The extraoral x-rays are further classified into Cone Beam Computed Tomography (CBCT) and panoramic. The CBCT type segment is expected to grow at a steady rate during the upcoming years.
The application segment for the Dental imaging market is segmented into Forensic, Cosmetic, and Medical fields. The medical segment is the highest in terms of volume and revenue share due to its wide applicability in Oral, tooth disease, and diagnostic and further treatment. However, with the ongoing demand for cosmetic dentistry and innovations in technology, the cosmetic segment is expected to grow in the upcoming period.
The US region is expected to lead in the dental imaging market with the availability of the latest technologies in dental imaging including radiography. Additionally, the wide acceptance of digital radiographs is expected to further boost the market growth in the region. The gradual shift from analog systems to digital x-rays systems is expected to be observed in the upcoming years which provides improved results and comparatively fewer efforts. In the European market, Germany, France, and Italy are expected to be having the largest share. Similarly, the Asia Pacific region is expected to be the fastest-growing region owing to the presence of densely populated countries like India, China, and improved healthcare spending by the majority of the population in the region.
With a wide scope of improving the product but limited to higher expenditure, many companies in this market are adopting heavy investments leading to new product development and mergers and acquisitions. Major players of this market are Danaher Corporation, LED medical diagnostics, and Carestream Health Inc., etc.
The Dental Imaging market report is a complete Market Intelligence Research report which aims at forecast revenue growth, market drivers, upcoming trends, and competitor’s analysis at Global, regional, and local levels and provides appropriate industry trends. For the purpose of this research study, Confianza Market Research and Consultancy have segmented the global Dental Imaging market research report based on the below segments.
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