NEW YORK, Nov. 11, 2014 /PRNewswire/ -- The global dental imaging market is expected to reach $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 global dental imaging market is categorized on the basis of technology, method, application, end user, and geography. The dental CBCT segment is expected to register the highest growth rate in the dental imaging market, by technology, during the forecast period. The high growth is attributed to its technological advantages such as high-resolution imaging, three-dimensional views of objects, and pre-surgical virtual surgeries.
Major factors contributing to growth of the dental imaging market include technological advancements such as CBCT, rising awareness for oral care and increasing disposable income in emerging economies, growth impetus of cosmetic dentistry, and shift towards digital dental imaging systems to drive the market. Furthermore, increasing aging population and hence oral diseases is another major factor providing impetus for growth of this market. By 2050, more than 20% of the global population is expected to be aged over 65 years (Source: World Health Organization). This age group accounts for a larger chunk of the population in developed countries. The growth in aging population has resulted in a corresponding rise in the number of individuals suffering from oral problems. The relatively untapped markets of the Asian region and advent of digital imaging in dental care have opened an array of opportunities for the dental imaging market. However, high cost of instruments, and lack of reimbursement for dental care especially in the developing regions are expected to restrain the growth of this market. Moreover, lack of dental laboratory technicians is also expected to hinder the growth of this market to some extent.
The emerging Asian markets such as China and India, industrial shift towards digital X-ray, and dental CBCT are expected to serve as new revenue pockets for the dental imaging market in the coming five years.
Apart from the comprehensive geographical and product analysis and market sizing, the report also provides a competitive landscape that covers the growth strategies adopted by the industry players over the last three years. In addition, the company profiles comprise the basic views on the key players in the dental imaging market and the product portfolios, developments, and strategies adopted by market players to maintain and increase their market shares in the near future. The above mentioned market research data, current market size, and forecast of the future trends will help the key players and new entrants to make the necessary decisions regarding product offerings, geographical focus, change in strategic approach, R&D investments for innovations in products and technologies, and levels of output in order to remain successful.
Reasons to Buy the Report:
The report will enrich both established firms as well as new entrants/smaller firms to gauge the pulse of the market, which in turn will help the firms, garner a greater market share. Firms purchasing the report can use any one or a combination of the below mentioned five strategies (market penetration, product development/innovation, market development, market diversification, and competitive assessment) for strengthening their market shares.
The report provides insights on the following pointers:
- Market Penetration: Comprehensive information on product portfolios of the top players in the dental imaging market. The report analyzes the dental imaging market by product and geography
- Product Development/Innovation: Detailed insights on the upcoming technologies, R&D activities, and new product launches in the dental imaging market
- Competitive Assessment: In-depth assessment of the market strategies, geographical and business segments, and product portfolios of the leading players in the dental imaging market
- Market Development: Comprehensive information about the lucrative emerging markets. The report analyzes the market for various dental imaging products across geographies
- Market Diversification: Exhaustive information about new products and services, untapped geographies, recent developments, and investments in the dental imaging market
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