Major Players are Planmeca Oy(Finland), Dentsply International, Inc. (U.S.) Midmark Corporation (U.S.), LED Medical Diagnostic, Inc. (U.S.), Vatech Co. Ltd. (Republic of Korea), The Yoshida Dental Mfg. Co., Ltd. (Japan) and Flow Dental Corporation (U.S.)
(PRWEB) December 30, 2014
The dental imaging market across the globe is witnessing growth due to factors such as technological advancements especially CBCT, increasing aging populations, rising awareness and increasing disposable income in emerging economies, growth impetus of cosmetic dentistry, and industry trend towards digital dental imaging systems. Key players are focusing on providing innovative products which will lead to low radiation and enhanced dental imaging, in less time. With this view, companies are focusing on partnerships, collaborations, new product launches and acquisitions to attain a leadership position in the market.
The dental imaging technology market includes X-ray systems, dental CBCT, intraoral cameras, and dental optical imaging. Among all these technologies, dental CBCT showcases a lucrative growth potential and represents a new revenue generating pocket for the dental imaging market. High growth in this market is attributed to technological advancements such as high-resolution imaging, three-dimensional views of objects, and pre-surgical virtual surgeries. Some of major reasons for growth of this market are multi-application usage of dental CBCT systems in maxillofacial, oral surgery, orthodontics treatment and temporomandibular disorders (TMD) treatments.
The global dental imaging market is to hit $2,686.5 million by 2019 from $1,691.1 million in 2014, growing at a CAGR of 9.7% from 2014 to 2019.
The dental imaging market, by application is segmented into diagnostic applications, therapeutic applications, cosmetic applications and forensic applications. The cosmetic applications market is poised to witness the highest growth rate in the dental imaging market and represents a new revenue pocket for the dental imaging market. The high growth in this market is attributed to the rising demand of dental implants and orthodontics in developed nations as well as emerging economies.
In the coming five years, growth in the dental imaging market is likely to be centred at the Asia-Pacific region. The growth in this region can be attributed to increasing aging population, growing prevalence of dental disorders, increasing awareness of dental care, growing availability of advanced dental imaging systems and rising disposable incomes. Furthermore, increasing focus of prominent players in the Asian market is another factor driving the growth of this market. For instance, in November 2013, Sirona established a subsidiary named Sirona Singapore. This subsidiary includes marketing and training facilities. This development enabled the company to expand its share in high-potential markets in Asia region, which has a rapidly growing middle-class population with higher disposable incomes, growing dental tourism, and growing chains of corporate dental clinics.
Prominent players in the dental imaging market are Danaher Corporation (U.S.), Carestream Health Inc. (Canada), Sirona Dental Systems, Inc. (U.S.), Planmeca Oy (Finland), Dentsply International, Inc. (U.S.), Midmark Corporation (U.S.), LED Medical Diagnostic, Inc. (U.S.), Vatech Co. Ltd. (Republic of Korea), The Yoshida Dental Mfg. Co., Ltd. (Japan), and Flow Dental Corporation (U.S.).
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