Global Dental Imaging Equipment Market, by Product Type (Intraoral X-ray Systems (Wall/ Floor Mounted Intraoral X-ray Systems and Hand Held Intraoral X-ray Systems), Intraoral Scanner, Intraoral Sensors, Intraoral Phosphor Storage Plates, Extra oral X-ray Systems (Panoramic X-rays Systems and Cephalometric Projections Systems), Cone-Beam Computed Tomography (CBCT) Imaging, and Intraoral Cameras), by End User (Hospitals, Ambulatory Surgery Centers, Independent Dental Clinics, and Forensic Laboratories), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) is estimated to be valued at US$ 3,287.2 million in 2021 and is expected to exhibit a CAGR of 6.8% during the forecast period (2021-2028), as highlighted in a new report published by Coherent Market Insights.
Global Dental Imaging Equipment Market- Impact of Coronavirus (COVID-19) Pandemic
The coronavirus (COVID-19) pandemic and lockdowns in various countries across the globe have impacted the financial status of businesses across all sectors. The private healthcare sector is one of the sectors, which has been majorly impacted by the COVID-19 pandemic. The lockdown in various countries due to the COVID-19 pandemic has created an economic burden on the private healthcare sectors. Moreover, the pandemic has negatively impacted the development, production, and supply of drugs, and affected growth of the healthcare segment of various companies across the globe. This has led to closure of industrial establishments, except manufacturing of essential commodities and disruption in supply chain of products. The COVID-19 pandemic has affected the economy in three main ways: 1) by directly affecting the production and demand, 2) by creating disruptions in distribution channels, and 3) through its financial impact on companies and financial markets. Supply chain and manufacturing activities in India, China, the U.S., and others have been disrupted due to lockdowns. Whereas, countries such as Thailand, Indonesia, Singapore, and others are facing problems with transportation of drugs and medications.
Thus, the COVID-19 pandemic is expected to slightly disrupt the R&D activities in the dental imaging equipment market.
The increasing number of product launches is expected to drive growth of the global dental imaging equipment market during the forecast period. For instance, in September 2019, Planmeca USA, a manufacturer of dental imaging and CAD/CAM equipment, launched a new CBCT imaging unit, the Planmeca Viso G5, at the ADA FDI 2019 World Dental Congress in San Francisco, U.S. The new Planmeca Viso G5 CBCT unit has an unlimited field of view from 3x3 cm to 20x17 cm with a maximum single scan volume of 20x10 cm. The unit is equipped with four built-in cameras for live patient positioning and advanced technology such as Planmeca ProFace and Planmeca 4D Jaw Motion required for advanced diagnostics.
The increasing number of strategic acquisitions is expected to provide huge opportunities to the global dental imaging equipment market growth in the near future. For instance, in August 2019, Royal Philips acquired Carestream Health’s imaging IT business in 26 out of the 38 countries in which it operates.
The increasing number of distribution agreements of dental imaging equipment is expected to drive the market growth. Major players in the market are focused on inorganic growth strategies such as distribution agreements in order to increase their market share. For instance, according to the data published in Science Daily Journal, in August 2017, researchers from University of British Columbia, Canada, developed a new artificial bone design that can be customized and made with a 3-D printer for stronger, safer, and highly effective bone replacements.
The increasing prevalence of oral diseases is expected to propel growth of the global dental imaging equipment market over the forecast period. For instance, according to a revised report by National Center for Health Statistics in July 2018, prevalence of total dental caries (untreated and treated) were 45.8% while prevalence of untreated dental caries were 13.0% among youth aged 2–19 years in the U.S. during 2015–2016.
Browse 35 Market Data Tables and 36 Figures spread through 208 Pages and in-depth TOC on Global Dental Imaging Equipment Market, by Product Type (Intraoral X-ray Systems (Wall/ Floor Mounted Intraoral X-ray Systems and Hand Held Intraoral X-ray Systems), Intraoral Scanner, Intraoral Sensors, Intraoral Phosphor Storage Plates, Extra oral X-ray Systems (Panoramic X-rays Systems and Cephalometric Projections Systems), Cone- Beam Computed Tomography (CBCT) Imaging, and Intraoral Cameras), by End User (Hospitals, Ambulatory Surgery Centers, Independent Dental Clinics, and Forensic Laboratories), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) - Forecast to 2028
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The increasing number of clinical trials to develop synthetic bone graft for the treatment of the bone deformity due to trauma and other conditions is expected to drive growth of the global artificial bone market. For instance, in June 2018, Ceramisys Ltd. initiated the clinical trial study for the safety and efficacy of synthetic bone graft substitutes for the treatment of the bone deformity due to trauma and other conditions.
Key Takeaways of the Global Dental Imaging Equipment Market:
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