The global dental radiology equipment market is expected to reach $3 billion by 2017, with a compound annual growth rate of 5%, according to a new report from GlobalData.
The market was estimated at $2.1 billion in 2010, according to the research firm.
Growth is being driven by the increasing adoption of 2D and 3D digital imaging equipment, according to the report, "Dental Radiology Equipment - Global Pipeline Analysis, Competitive Landscape and Market Forecasts to 2017."
The U.S. is the biggest market for dental radiology equipment, accounting for 39% of the global market in 2010, according to GlobalData. The U.S. dental radiology market, valued at $838 million in 2010, is forecast to grow by 4% annually during 2010-2017 to reach $1.1 billion by 2017. The growing preference for digital radiology devices and a relaxation in the U.S. Food and Drug Administration's premarket notification requirements for some radiology products are expected to boost the dental radiology market going forward, according to GlobalData.
In 2010, Danaher was the leader in the global dental radiology equipment market with a 24% share, followed by Planmeca, Sirona Dental Systems, and Carestream Health/Kodak Health Group, GlobalData said.
