The cone-beam computed tomography market will show rapid growth due to the increasing cases of dental disorders, advancements in technology, and expanding application areas of CBCT systems.
Dental diseases are the most common noncommunicable diseases (NCDs) and affect people throughout their lifetime. The increasing prevalence of dental disorders and the rising of the geriatric population are found to be the major factors for the growth of the cone-beam computed tomography market in the forecasted period. The rising spending capacity of consumers, especially in the emerging nations is projected to enhance the market growth in the coming years.
For instance, according to the Global Burden of Disease Study 2016, oral diseases have affected half of the world’s population with dental caries (tooth decay) in permanent teeth being the most prevalent condition assessed.
In addition to this, there is the adoption of advanced cone beam computed tomography extremity scanner that has increased in dental and orthopedic areas due to their specialized requirement for the human imaging diagnosis and treatment. Furthermore, the key players in the market are expected to make heavy investments for the research projects, which is projected to ensure the growth of the market.
Key Market Trends
Dental Applications is Expected to Dominate the Cone Beam Computed Tomography (CBCT) Market During the Forecast Period
The dental applications segment is expected to account for the largest share of the market as well as it will register the highest CAGR during the forecast period. The factors such as low radiation exposure as compared to conventional analogue X-rays, increase in the prevalence of dental diseases, growth in the geriatric population, rise in cosmetic dentistry, growing medical tourism for dental services, and introduction of technologically advanced products are found to be the contributing factors for the growth of this segment.
North America is Found to be the Largest Growing Segment of the Cone Beam Computed Tomography (CBCT) Market
North America is found holding the major market share over the forecast period owing to the factors such as increasing adoption of these CBCT systems, advanced technology, developed healthcare facilities coupled with high disposable income, and well-established healthcare facilities. The availability of new technology along with a huge patient population base is the main factor behind the dominance of the North America cone-beam computed tomography market. North America has been leading in the cone-beam computed tomography market and is anticipated to continue its dominant position in the years as well.
In the Asia Pacific, there is a high demand for advanced dental imaging solutions that have exponentially increased due to growth in healthcare expenditure, disposable income and rapid proliferation of healthcare infrastructure.
The key players of the market are found to be making heavy investments for the research projects, which is projected to ensure the growth of the market in the forecast period. The lucrative opportunities that are being offered by the developing nations are likely to encourage the key players to target these nations, which will further enhance the overall development of the market in the coming few years. The companies are also being involved in various developments that have taken place in the market over the period of time which further augment the CBCT systems.
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