Demand for Dental Cone Beam Computed Tomography to Heighten, States Fact.MR
Published : 14 Jul 2021 Industry: Healthcare
As per a new report published by Fact.MR, a market research and competitive intelligence provider, the global dental diagnostic imaging equipment market exceeded a valuation of US$ 2 Bn in 2020, and is anticipated to top US$ 3 Bn by 2031, expanding at a CAGR of around 6% over the decade.
Fact.MR anticipates significant surge in demand for dental diagnostic imaging equipment owing to factors such as technological advancements in dentistry, increasing number of dental practices, rising dental expenditure, growing demand for cosmetic dentistry, and rising incidence of dental diseases worldwide.
There has been a surge in requirement for advanced, artificial intelligence-driven technology for accurate and quick diagnosis. As such, dental diagnostic imaging equipment is anticipated to experience heightened demand over the coming years.
Various new techniques have helped in better examination of complex facial structures and early diagnosis of dental diseases. These devices provide a 3D image of the patient's jaw to get precise knowledge of the problem before a surgery is performed, and helps in safe and better treatment outcomes.
Key Takeaways from Market Study
- Revenue from sales of dental diagnostic imaging equipment topped US$ 2 Bn in 2020, and is expected to reach a valuation of over US$ 3 Bn by 2031.
- Key factors driving demand for dental diagnostic imaging equipment are rise in prevalence of oral diseases worldwide and new technological advancements in diagnosis and treatment procedures.
- North America, with the highest global market share of 40%, will significantly contribute to the revenue growth of dental diagnostic imaging equipment over the coming years.
- With its rapidly growing dental industry, China’s market for dental diagnostic imaging equipment is estimated to be valued around US$ 587 Mn by 2031.
- The market for dental diagnostic imaging equipment in the U.S. is estimated to expand at a CAGR of over 7% through 2031.
- Adoption of artificial intelligence (AI) in dental diagnostic imaging equipment is one of the major trends that is being observed in the market.
“Due to heightened demand for AI-driven technology for accurate and quick diagnosis of oral diseases, sales of dental diagnostic imaging equipment are set to witness a surge,” says a Fact.MR analyst.
The dental diagnostic imaging equipment market is characterized by the presence of several well-established as well as small to mid-sized players. Major market players are focused on mergers and acquisitions to expand their product portfolios. The market is witnessing integration of dental imaging and cloud-based AI solutions.
Demand for AI-driven technology for accurate diagnosis of dental diseases is on the rise. New and upcoming companies will be benefitted by investing in acquiring new technological interventions. Investing in collaborative R&D projects will also prove to be favourable.
Cone-beam computed tomography (CBCT) imaging is gaining immense popularity in the market. One of the key advantages of CBCT imaging equipment is its ability to generate accurate 3D images at a low cost compared to conventional computed tomography. Images procured from CBCT imaging equipment have the potential to bring higher efficiency in oral and maxillofacial surgeries.
More Valuable Insights
Fact.MR, in its new offering, presents an unbiased analysis of the dental diagnostic imaging equipment market, presenting historical market data (2016-2020) and forecast statistics for the period of 2021-2031.
The study reveals essential insights on the basis of product (intraoral cameras, cone-beam computed tomography imaging, extra X-ray systems, intraoral phosphor storage plates, intraoral sensors, intraoral plate scanner, and intraoral X-ray systems) and application (hospitals, ambulatory surgical centres, independent dental clinic, and forensic laboratories), across major regions of the world (North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa).
Fact.MR’s Domain Knowledge on Healthcare
Our healthcare consulting team guides organizations at each step of their business strategy by helping you understand how the latest influencers account for operational and strategic transformation in the healthcare sector. Our expertise in recognizing the challenges and trends impacting the global healthcare industry provides indispensable insights and support - encasing a strategic perspective that helps you identify critical issues and devise appropriate solutions.
For more information, refer to our market research report or contact the PR author.
Shambhu Nath Jha
Sr. Consultant - Healthcare