ALBANY, New York, April 26, 2016 /PRNewswire/ --
Transparency Market Research has published a new market report titled, "Cone Beam Computed Tomography (CBCT) Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2015 - 2023". According to the report, the global CBCT market was valued at US$ 407.5 Mn in 2014 and is anticipated to expand at a CAGR of 10.0% from 2015 to 2023 to reach US$ 960.8 Mn by 2023.
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Radiology has become an essential element for assessment of patients with dental ailments. Dentistry is witnessing a transformation in diagnostic techniques with the introduction of cone beam computed tomography (CBCT) technology, as it offers three-dimensional imaging. Cone beam CT technology has been used in numerous ways from differential diagnosis of abrasions to understand the comparative location of teeth or roots to critical anatomical characteristics, and for evaluation of endodontic pathology, which has helped enhance patient care. Although cone beam computed tomography technology was introduced long back, demand has increased recently as computers with advanced technology have enabled production of CBCT units at reasonable prices for applications in dentistry. Rising commercialization and advances in CBCT technology has increased the effectiveness of dental imaging. This is expected to propel the market.
Moreover, growth of the CBCT market is attributable to factors such as surging demand for imaging techniques in dentistry, rise in prevalence of dental diseases, increasing geriatric population, growing need for effectiveness in medical processes, and increase in research activities in the imaging technologies arena. Furthermore, rise in awareness about cosmetic dentistry has driven demand for orthodontics. However, factors such as high cost of technologically advanced imaging systems, which limits adoption, non-reimbursement scenario for dental care, and stringent regulations are the factors hampering the growth of the dental imaging market and consequently the CBCT market.
Based on application, the global cone beam computed tomography market has been segmented into dental implants, orthodontics, oral surgery, endodontics, and general dental surgery. Cone Beam CT (CBCT) has wide range of applications in dental implant procedures. The dental implants segment is expected to grow at the highest rate during the forecast period. The implant dentistry market has grown rapidly, driven by technological advances. Apart from replacing teeth lost due to injury, increased life expectancy and aesthetic concerns have accelerated the widespread acceptance of implantology. Cone Beam CT provides increased accuracy, higher resolution, reduced scan time, low radiation dose, and reduced cost for patients as compared to conventional CT.
CBCT is a better investigating tool in oral surgery. Hence, the oral surgery market is expected to witness strong growth in the next few years. Moreover, CBCT scanners are used to a much greater degree in orthodontic diagnosis and treatment planning due to improved characteristics such as lower radiation and improved accessibility and affordability. There is an increase in demand for alignment using simple braces to straighten teeth, bleaching and bonding with materials to shape teeth. Thus, adult orthodontics has become a lucrative application of CBCT. There are several advantages of using CBCT in endodontics such as demonstration of anatomic features in 3D that intraoral, panoramic, and cephalometric images which provides it a competitive edge over traditional techniques. Moreover, CBCT units reconstruct the projection data to offer inter-relational images. These factors are expected to drive the market.
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Geographically, the market has been studied and estimated for five regions: North America, Europe, Asia Pacific, Latin America, and Rest of the World. North America held the largest share of the CBCT market in 2014, followed by Europe.
Major players in this market are Cefla Group (Italy), Carestream Health (U.S.), Danaher Corporation (U.S.), QR s.r.l. (Newtom) (Italy), Planmeca OY (Finland), Prexion Inc. (U.S.), VATECH Global Co. Ltd. (South Korea), and Sirona Dental Systems (Germany).
The global CBCT market has been segmented as follows:
- Global CBCT Market, by Application
- CBCT in Dental Implant
- CBCT in Orthodontics
- CBCT in Oral Surgery
- CBCT in Endodontics
- CBCT in General Dental Surgery
- Global CBCT Market, by Geography
- North America
- Asia Pacific
- Latin America
- Rest of the World
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Transparency Market Research (TMR) is a U.S. based provider of syndicated research, customized research, and consulting services. TMR's global and regional market intelligence coverage includes industries such as pharmaceutical, chemicals and materials, technology and media, food and beverages, and consumer goods, among others. Each TMR research report provides clients with a 360-degree view of the market with statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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SOURCE Transparency Market Research