The global dental imaging market is expected to reach more than $2.6 billion by 2019 from $1.7 billion in 2014, growing at a compound annual growth rate (CAGR) of 9.7% from 2014 to 2019, according to a new report issued by Markets and Markets.
The report lists technological advancements such as cone-beam CT, increasing aging populations leading to growth in oral diseases, rising oral care awareness and increasing disposable income in emerging economies, growth impetus of cosmetic dentistry, and the shift toward digital dental imaging systems as driving factors in the increase of the market. It notes, however, that the high cost of instruments, lack of reimbursement (especially in emerging economies), and lack of dental laboratory technicians are expected to restrain the growth of this market.
North America dominates the market with the U.S. accounting for a major market share. However, the report notes that Asia-Pacific is poised to grow at the highest CAGR during the forecast period owing to rising awareness about oral healthcare, increasing disposable income in this region, and rising focus of prominent players on the Asia-Pacific dental imaging market increasing product availability.
The report lists prominent players in the dental imaging market, including Danaher (U.S.), Carestream Health (Canada), Sirona Denal Systems (U.S.), Planmeca (Finland), Dentsply International (U.S.), Midmark (U.S.), LED Medical Diagnostic (U.S.), Vatech (Republic of Korea), the Yoshida Dental (Japan), and Flow Dental (U.S.).
