DUBAI, U.A.E, July 14, 2020 /PRNewswire/ -- Future Market Insights' recently published report on the dental imaging equipment market predicts that growth is expected to accelerate at a positive 6% CAGR during the forecast period of 2020-2030.
The COVID-19 pandemic has reduced the number of patients with dental problems visiting healthcare settings due to mandatory enforcement of social distancing measures. Moreover, healthcare providers have reoriented their operations towards caring for COVID-19 positive patients.
As a result, procurement of new imaging equipment has reduced due to subdued demand. Moreover, disruption of production cycles has led to reduced industrial output, thereby stalling dental imaging equipment manufacturing. Recovery prospects do exist. However, it won't be before the passing of the subsequent quarters of 2020.
"Market players need to concentrate more on providing high resolution imaging in order to provide enhanced treatment. Techniques such as 3D-imaging, fluoroscopy and 4K ultra-HD will greatly augment market prospects for dental imaging equipment in the future," opines an FMI analyst.
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Key Takeaways from FMI's Dental Imaging Equipment Market Study
- Extraoral X-ray systems emerged as the kingpin in the dental imaging equipment market, accounting for ~30% of the revenue pie in 2019
- The popularity of intraoral sensors is gradually increasing, with prominent manufacturers doling out various two and three dimensional image sensors
- Independent dental clinics are the primary end-users of dental imaging equipment, capturing nearly 70% of the market share in 2019
- Asia-Pacific shall emerge as the fastest growing dental imaging equipment market followed by Africa and Latin America
Dental Imaging Equipment Market- Key Trends
- Cone Beam Computed Tomography (CBCT) imaging is emerging as the gold standard for dental imaging. These systems are being leveraged to provide 3-dimensional data at a lower radiation dose and cost
- Market players are investing in cutting-edge image-guided implant dentistry with lightning fast speeds to provide efficient treatment within a limited timespan
- However, inadequate insurance coverage for dental treatment combined with its expensive nature is expected to deter patients from availing image-based dental care, impeding growth prospects
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Dental Imaging Equipment Market- Region-wise Analysis
- North America and Europe shall remain the dominant dental imaging equipment market growth avenues. Increasing awareness among patients about sophisticated image based surgeries is prompting dental clinics to adopt high-end dental imaging equipment
- Exponentially increasing population pools in countries such as China and India are leading to increased prevalence of dental diseases. With the levels of disposable incomes rising due to economic growth, patients can afford expensive dental treatment, pushing up dental imaging equipment adoption in healthcare settings across Asia-Pacific
- Rising dental care awareness in Brazil and South Africa is pushing up sales of dental imaging equipment in both regions
Dental Imaging Equipment Market- Competitive Landscape
The dental imaging equipment market players are concentration on incorporating artificial intelligence and provide state-of-the-art imaging equipment to the end-users, thus providing them with a comparative advantage. For instance, in October 2019, DENTSPY Sirona Inc. launched the Xios AE and Xios XG Supreme intraoral scanners, providing outstanding image quality. These systems provide a theoretical resolution of 33 lp/mm and a 15 micrometer pixel size.
Another strategy which is actively followed is venture capital funding to facilitate research and development on advanced dental imaging equipment.
In February 2018, Nordic capital forged agreements with Adent Cliniques Dentaires Groupe SA to acquire TopOrtho and Top Mondzorg Dental Clinics for the purpose of furthering dental imaging research.
Similarly, the Asian Healthcare Fund invests in the Indian healthcare and life sciences sector and includes the investment programs titled "MyDentist" and "Sabka Dentist" since the past decade.
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Dental Imaging Equipment Market Taxonomy
- Intraoral X-ray Systems
- Wall/Floor Mounted Intraoral X-ray Systems
- Hand-Held Intraoral X-ray Systems
- Intraoral Plate Scanner
- Intraoral Sensors
- Intraoral Phosphor Storage Plates
- Extraoral X-ray Systems
- Panoramic X-ray Systems
- Cephalometric Projections Systems
- Cone-Beam Computed Tomography (CBCT) Imaging
- Intraoral Cameras
- Independent Dental Clinics
- Ambulatory Surgical Centers
- Forensic Laboratories
- Rest of Latin America
- Rest of Europe
- Rest of South Asia
- South Korea
- New Zealand
- South Africa
- Rest of MEA
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More Valuable Insights on Dental Imaging Equipment Market
Future Market Insights provides an unbiased insight on the dental imaging equipment market forecasted for the period 2020-2030. It delves into the analysis on revenue growth at global, regional, and country levels and the latest industry trends in each of the segments. The global dental imaging equipment market is segmented in detail to cover every aspect of the market and present a complete market intelligence approach to the reader. The study provides compelling insights by bringing to the fore insights helping stakeholders identify opportunities as well as challenges.
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Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in London, the global financial capital, and has delivery centers in the U.S. and India. FMI's latest market research reports and industry analysis help businesses navigate challenges and take critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously track emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.
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