FMI Report Predicts Remarkable 7.9% CAGR, Forecasting US$5.91 Billion Valuation for Dental Imaging Equipment Market by 2030
Future Market Insights (FMI) recently conducted a market survey, revealing a compelling growth trajectory for the global Dental Imaging Equipment Market. With a remarkable 7.9% Compound Annual Growth Rate (CAGR), the market is set to escalate from its 2021 valuation of US$2.99 Billion to a substantial US$5.91 Billion by the year 2030.
Dental imaging equipment is witnessing demand from developed as well as developing economies alike, mainly due to an increase in the number of patients (as per the WHO, around 50% of the global population (3.58 Billion) is suffering from oral ailments), coupled with the growth in the number of dental care centers. However, dental imaging is going “digital” now, though the outbreak of Covid-19 has slowed down the market for the time being.
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Digital Dentistry: The Future
In the year 2019, the IDC (International Dental Show) was attended by Institute of Digital Dentistry in Cologne, Germany. It threw light on the ways dentistry has evolved in the form of 3D printers, CAD materials, milling machines, and intraoral scanners. The institute otherwise provides training and CAD/CAM courses in New Zealand as well as online so as to keep the dentists and course attendees updated about clinical relevance and implementation of digitization by the key market players.
Digital Expansion: Key to Growth
As stated above, the market players are looking to provide digital imaging solutions to cater to the increasing number of patients with dental ailments. Some of the measures taken in this regard include:
- In June 2020, Level Equity-backed Planet DDS signed an agreement to acquire Apteryx Imaging, a Canada-based publicly traded company with the objective of exploring a wider arena in terms of geography
- DENTSPLY Sirona Inc., in Oct 2019, launched 2 intraoral sensors (Xios AE and Schick AE) and 3D/2D imaging systems (Orthophos E, Orthophos SL 3D, and Orthophos S 3D)
- In Oct 2019, Envista Holdings Corporation entered into a partnership with TeamSmile programs all through the US for propagating the use of KaVo SMARTmatic and KaVo MASTERtorque LUX M8900L
Key Takeaways of Dental Imaging Equipment Market Study
- Extraoral X-ray systems are expected to have the highest market share of 28.7% in 2022, expanding at a rate of about 8.0% over the forecast period.
- The independent dental clinic segment is expected to have the highest share of 72.3% in 2022, growing at a rapid rate of 5.6% CAGR during the forecast period.
- In 2022, the United States is expected to account for approximately 85.8% of the North American dental imaging equipment market.
“The players are shifting their gears towards digital imaging. This upgradation is expected to shape the global dental imaging equipment market.” says an FMI Analyst.
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More Valuable Insights on Dental Imaging Equipment Market
Future Market Insights brings the comprehensive research report on forecasted revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the segments from 2015 to 2030. 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 provide compelling insights on dental imaging equipment market on the basis of product type, (Intraoral X-ray Systems, Intraoral Plate Scanner, Intraoral Sensors, Intraoral Phosphor Storage Plates, Extraoral X-ray Systems, Cone-Beam Computed Tomography (CBCT) Imaging, Intraoral Cameras), by End User (Hospitals, Ambulatory Surgical Centers, Independent Dental Clinics, Forensic Laboratories), across seven major regions.
Leading Players in Dental Imaging Equipment Market
The dental imaging equipment market is onto the digital spree. Digital imaging systems are being provided by the key players to cater to the increasing number of patients throughout. At the same time, AI is being tried out as an effective tool for dental digital solutions.
In line with the above-mentioned developments, twin robotic X-Ray system from Siemens provides a combination of 2D X-Rays with fluoroscopy along with 3D imaging.
The key players in the dental imaging equipment including the ones mentioned above are:
- Envista Holdings Corporation
- Dentsply Sirona
- Carestream Dental, LLC
- Danaher Corporation
- Acteon Group
- Planmeca Oy
*The list is not exhaustive, and only for representational purposes. Full competitive intelligence with SWOT analysis available in the report
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Dental Imaging Equipment Market: Segmentation 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. Product Type
- 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-rays Systems
- Cephalometric Projections Systems
- Cone-Beam Computed Tomography (CBCT) Imaging
- Intraoral Cameras
End Users
- Hospitals
- Independent Dental Clinics
- Ambulatory Surgical Centres
- Forensic Laboratories
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Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5,000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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