Global DentalX-Ray Market is anticipated to reach USD 2.4 Billion By 2024. Dental X-Ray refers to a type of electromagnetic radiation that is used for recognition and imaging of any dental issue. The factors that propel the growth of the Dental X-Ray Market include growing aged population, technical advancements, reduction in the diagnosis time, enhancement of the image quality. Also, growing acceptance of cone-beam computed tomography (CBCT), rise in the incidence rate of the dental disorders, and rising demand for the cosmetic dentistry might contribute greatly to the market growth.
On
the other hand, there are factors that may hamper the growth of the market
including lack of reimbursement, lack of dental specialists in the laboratory,
and high price of the equipment. Dental X-Ray industry is anticipated to grow
at a significant CAGR of 8.5% in the upcoming period as the scope, product
types, and its applications are increasing across the globe.
Dental
X-Ray Market may be explored by product type, type, application, end user, and
geography. The market may be explored by product type as Analog X-Ray Systems
and Digital X-Ray Systems. The “Digital X-Ray Systems” segment led the market
of Dental X-Ray in 2017 and is anticipated to maintain its dominance by 2024.
The key factor attributing to the growth of market could include increasing use
of digital technology that requires no films or chemicals.
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Based
on type, the market may be classified as Extraoral X-Ray Systems; which may
further comprise Cone-Beam Computed Tomography (CBCT) Systems and
Panoramic/Cephalometric Systems, Hybrid X-Ray Systems, and Intraoral X-Ray
Systems; which may further be classified as Photo-Stimulable Phosphor (PSP) Systems
and Digital Sensors. The “Extraoral X-Ray Systems” segment led the market of
Dental X-Ray in 2016 and is anticipated to maintain its dominance by 2024. The
key factor that may attributed to the growth of market includes increasing
applications in the diagnostic and therapeutic procedures for oral conditions.
The
key applications that could be explored in the Dental X-Ray industry include
Forensic, Cosmetic and Medical. The “Medical” segment led the market Dental
X-Ray in 2016 and is anticipated to maintain its dominance by 2024. The key
factor that may attributed to the growth of market includes high applicability
in gum, oral and tooth-related disease treatment and diagnostics.
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The
market of Dental X-Ray could be explored based on end user as Forensic
Laboratories, Dental Academic & Research Institutes and Dental Hospitals
& Clinics. The “Dental Hospitals & Clinics” segment led the Dental
X-Ray industry in 2016 and is anticipated to maintain its dominance by 2024.
North
America accounted for the major share of the Dental X-Ray Market Size in 2017
and will continue to lead in the forecast period. The factors that could be
attributed to the growth include technological advancements and increasing
occurrence of dental disorders among young adults and children. North America
is likely to be followed by the Asia-Pacific region owing to rise in the
healthcare spending in emerging economies such as China& India and growing
aged population.
Some
of the key players that fuel the growth of the Dental X-Ray industry comprise
Carestream Health, DEXIS LLC., SUNI, THE YOSHIDA DENTAL MFG. CO. LTD, LED
Dental, Dentsply Sirona, PLANMECA OY, SOREDEX, AIR TECHNIQUES and CEFLA S.C.
The leading companies are taking up partnerships, mergers and acquisitions, and
joint ventures in order to boost the inorganic growth of the industry.
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