According to the latest report published by Credence Research, Inc. “Dental Cone Beam Computed Tomography Market – Growth, Future Prospects and Competitive Analysis, 2017-2025,” the global dental cone beam computed tomography market was valued at US$ 565.9 Mn in 2016, and is expected to reach US$ 1,344.3 Mn by 2025, expanding at a CAGR of 10.1% from 2017 to 2025.
The purpose of the report is to illustrate the state of the market of Sterile Injectables, to present actual information about the volumes of production, exports, imports, consumption and the state of the market, the changes that took place in 2017, and also, to build a forecast for the growth of the industry in the medium term until 2026.
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Cone beam computed tomography (CBCT/ cone beam volume CT/ flat panel CT) is a medical imaging modality characterized by divergent X-ray. The usage of CBCT has been widening through the years and is dominantly deemed useful in diagnosis and treatment planning of implant dentistry, endodontics, ENT, maxillofacial surgeries and others. Integrated CBCT is also used in patient positioning during surgical procedures.
CBCT holds significant advantages over conventional CT for dental ailment diagnosis and treatment planning, such as quicker turnaround time, better imaging outcomes, lower radiation doses and improved precision. As frailty increases with aging, the prevalence of dental decay and other ailments also augments, thus intensifying the need for CBCT technology in dentistry. As the geriatric population is perpetually increasing the dental complications in this population group will also escalate thereby augmenting the revenue generated by imaging technologies in the forecast period. Significant rise in geriatric population base thus likely to the underlying driver to the growth of dental CBCT technologies globally. The market growth of dental CBCT will also be propelled by factors such as growing need for precise medical interventions delivering better treatment outcomes.
Conversely, it is observed that excessive taxation in imports of already expensive CBCT devices may hamper the overall market growth. High cost of procurement and utilization of these systems take an additional toll on prompt adoption of dental CBCT systems, particularly in the developing markets and private clinics.
Based on application areas, the global dental cone beam computed tomography market is categorized into dental implantology, orthodontics, endodontics, oral and maxillofacial surgery, periodontics, forensic dentistry and others. Among these, dental implantology segment currently holds the largest revenue share of the overall market. Technological advancement, enhanced application in teeth substitution for treating injuries, grown life expectancy and increasing demand for dental asthetics mainly drive the dominance of this segment. Cone beam computed tomography assists in enhancing the accuracy of substitution and placement procedures, reduce overall imaging time and also reduce the treatment cost to the patients.
Geographically, the global dental cone beam computed tomography market is studied for North America, Europe, Asia Pacific, Latin America and Middle East and Africa. North America currently leads the global market in terms of revenue share and it is expected that the region will retain its dominance during the forecast period. However, the dominance of North America will be prominently challenged by Asia Pacific market. The demand for advanced dental imaging solutions has exponentially increased in Asia Pacific due to growth in healthcare expenditure, disposable income and rapid proliferation of healthcare infrastructure. Furthermore, countries such as Brazil, Mexico, Korea, China and India will open additional opportunities for market penetration to key companies already having a stronghold in developed regions.
Why was the report written?
This report is the result of an extensive survey drawn from Credence Research’s exclusive panel of leading global market industry executives; it provides data and analysis on buyer investment, acquisition, and developments within the global market research. It includes key topics such as global Sterile Injectables buyer expenditure and procurement behaviors and strategies and recognizes the threats and possibilities within the industry, economic outlook trends, and business confidence within global industry executives. Most secondary research reports are based on general industry drivers and do not understand the industry executives’ attitude and changing behaviors, creating a gap in presenting the business outlook of the industry; in an effort to bridge this gap, Credence Research created this primary research-based report by gathering the opinions of multiple stakeholders in the value chain of the global industry.
What is the current market landscape and what is changing?
Executives from the global industry anticipate an increase in levels of consolidation, with 55% of respondents projecting an increase in merger and acquisition (M&A) activities in 2017.
The report on the market of Dental Cone Beam Computed Tomography contains:
Analysis and forecast of Sterile Injectables market dynamics;
Analysis of domestic production, market shares of the main market players;
Analysis of exports and imports;
Analysis of factors, leading the development of the Sterile Injectables market;
Assessment and forecast of Sterile Injectables market development;
Financial and business profiles of the leading companies in the Sterile Injectables industry.
– Up to date working Sterile Injectables data by major regions in the world, the forecast of planned capacity additions by 2026
– The annual breakdown of capital expenditure spending on proposed Sterile Injectables for the period 2018 to 2026
– Planned Sterile Injectables additions and capital expenditure spending by key countries and companies across the world
– Planned capital expenditure spending on new Sterile Injectables projects by region, key countries, and companies
– Details of major planned Sterile Injectables projects in the world up to 2026
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