Digital Innovations benefit the Dental Imaging Market Outlook
Dental imaging helps make a thorough and well-informed diagnosis and treatment for oral and dental concerns that cater to individual needs. Over the decades, the technology and its provided benefits have improved manifolds. Currently, various imaging methods, including x-rays, are employed to detect oral abnormalities and diseases like cavities, oral cancer, bone loss, and hidden dental structures.
Inkwood Research analysts anticipate that the global dental imaging market will surge with a CAGR of 8.40% during the forecast period, 2022-2030. This growth trend is influenced by the growing global geriatric population, resulting in the rising number of dental and oral diseases. Additionally, as per an FDI World Dental Federation report, over 530 million children worldwide suffer from tooth decay and gum pain. Therefore, a large number of patients require dental procedures, boosting the global market.
Furthermore, cosmetic dentistry employs dental imaging to detect tooth alignment and requires precise teeth and oral structure images. These cosmetic procedures have experienced a significant boost due to the growing aesthetic requirements and restorative benefits like teeth whitening. Moreover, orthodontics procedures employed in cosmetic dentistry and other dental fields use dental imaging devices like x-rays and sensors for extensive scanning. Hence, the global popularity of cosmetic dentistry helps propel the demand for dental imaging devices.
Key Trends | Leading Segments
The global dental imaging market includes segmentation analysis by product, end-user, method, and application. The market by application covers diagnostic, cosmetic, and forensic applications. On the other hand, the market by product is further segmented into the cone-beam computed tomography systems (CBCT), general x-ray imaging systems, intraoral cameras, imaging software, intraoral scanners, and others.
Cone-Beam Computed Tomography Systems (CBCT) are anticipated to be the fastest-growing product during the forecast period, with North America owning the majority of the revenues.
CBCT was rapidly absorbed into the dental settings due to its compactness and low cost. Moreover, it delivers significantly lower radiation compared to conventional CT procedures. In addition, it can generate 3D data from 2D images, therefore becoming a better replacement for the latter and revolutionizing the oral and facial radiology market. Hence, the demand is expected to surge exponentially in the next few decades.
Diagnostics is the leading application segment of the global dental imaging market due to the rising dental problem rates. It is projected to increase with the fastest CAGR in the Asia-Pacific region during the forecast period.
A higher rate of dental diseases among the geriatric population and quality treatment at affordable costs favor opting for dental procedures, further increasing the demand for dental imaging. Also, medical tourism in several countries boosts the manufacturing and purchase of dental imaging devices in the Asia-Pacific region.
Product Launches & Developments | Competitors Analysis
The demand for dental imaging devices is relatively higher with respect to the number of players operating in the market. The top influencing companies in the studied market are Carestream Health Inc, KaVo Dental, SOTA Imaging, Yoshida Dental Mfg Co Ltd, Midmark Corporation, etc. In addition, they are continuously launching new products and heavily investing in developing the existing ones. These strategic initiatives help the companies grow their product portfolios and create opportunities for innovations.
For instance, SOTA Imaging launched the SOTA Cloud in August 2021. The cloud-based dental imaging software enables users to view, capture, and edit images in the browser. Similarly, in September 2020, Midmark Corporation announced new and updated sterilization products. It has been one of the most popular products ever since its launch, owing to its versatility, simplicity, and cost benefits. These innovative launches incentivize the companies to gain ground among the other industry rivals while simultaneously upgrading their products to stay relevant to consumers’ requirements.
Introducing new products incentivizes the global dental imaging market by constant upgradation to modern innovations. Several rural regions in developing countries are in dire need of dental healthcare. The innovations will make access to these devices easy, affordable, as well as efficient, with minimum resource requirements.
In addition, dental treatments are now recognized as an essential treatment requirement and are covered by several health insurance providers. Also, the per capita income has risen considerably in the past decade, making people spend a considerable amount on dental hygiene and treatments. All these factors create opportunities for dental imaging devices in the market.
What is the market value of the global dental imaging market during the forecast period?
The global dental imaging market is expected to be valued at $4564.92 million during the forecast period, 2022-2030.
What are the regions analyzed in the global dental imaging market report?
North America, Asia-Pacific, Europe, and Rest of World are analyzed in the market report.