Global Dental Radiology Equipment Market to Reach US$ 3.2 Bn by 2026
A new research study titled “Global Market Study on Dental Radiology Equipment: Demand for Extraoral X-ray Systems to Gain Traction During 2017 – 2026” has recently been submitted to the repository of Market Research Reports Search Engine (MRRSE). According to the report, the global dental radiology equipment market is projected to grow at 6.4% CAGR during the assessment period. In terms of revenue, the market is projected to reach US$ 3.2 Bn by the end of the forecast period.
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According to the report, the global dental radiology equipment market is likely to be fuelled by growing emphasis on maintaining dental well-being and hygiene. The prevalence of dental ailments has witnessed an increase over the years, and the use of dental radiology equipment has also grown steadily corresponding to this. Increase in maxillofacial and oral surgeries are also likely to fuel the growth of the market during the assessment period.
The dental radiology equipment industry has been swept by innovations and transformations, and manufacturers are currently focusing on reducing harmful radiations. Focus on developing compact systems for both intraoral and extraoral devices is also likely to provide an impetus to market growth. Innovation is also sweeping cone-beam computed tomography and intraoral plate scanners.
The report segments the global dental radiology equipment market into end user, product type and region. The end user segment is further sub-segmented into dental clinics, ambulatory surgical centers and hospital. The product type segment is categorized into intraoral plate scanner, cone-beam computed tomography imaging, extraoral x-ray systems and intraoral x-ray systems. Geographically, the market is divided into key regions globally which are North America, Latin America, Europe, Asia Pacific Excluding Japan, Middle East & Africa and Japan.
According to the report, demand for extraoral X-ray systems is growing at a brisk pace, as the challenges associated with intraoral X-ray systems are impeding their demand. Extraoral X-ray systems are better features related to diagnostics which is fuelling their demand among end-users. It is anticipated that by the end of the forecast period, over a billion dollar worth of extraoral X-ray systems would have been sold globally.
The report projects North America to be one of the leading markets for dental radiology equipment globally. The demand for dental radiology equipment in North America is likely to remain concentrated in the US, with Canada accounting for a miniscule percentage of the market. The report projects the North America dental radiology equipment market to grow at 6.8% CAGR during the forecast period. By end-use, dental clinics will continue to be the largest end-users of dental radiology equipment globally.
The report profiles some of the leading players operating in the market. Some of these players are Danaher Corporation, Dentsply Sirona, Acteon, Midmark Corp, Carestream Health Inc., Planmeca Oy and VATECH Co. Ltd. These players are focusing on investment in development of innovative products and services to gain a competitive edge in the market.
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