The Global Dental X-Ray Systems Industry is experiencing a surge in growth, according to a recent analysis by Future Market Insights (FMI). Currently valued at approximately US$1.66 billion, the market is projected to maintain a robust Compound Annual Growth Rate (CAGR) of 6.4% over the next eight years, reaching an impressive US$2.73 billion by 2030.
The escalating demand for advanced diagnostic tools is a driving force behind this remarkable growth. The surge in demand is primarily fueled by an increasing incidence of acute diseases, such as cancer, emphasizing the need for effective diagnostics and treatment options. Early detection of diseases is crucial for improving the probability of survival, and dental X-ray systems are emerging as promising diagnostic and treatment tools to meet this pressing need.
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The rising geriatric population and their edentulous issues directly open lucrative opportunities for the dental X-ray systems market. Moreover, healthcare facilities utilized by the elderly population are subsidized by the government, which in turn, has boosted the usage of dental X-ray systems. A report published by Future Market Insights (FMI) opines that the global dental X-ray systems market will grow at a striking CAGR of over 6% by the end of 2026.
With the increasing comfort provided by portable intraoral X-ray systems, the traditionally used floor-mounted dental X-ray systems are gradually becoming obsolete. When weighted based on cost, dental X-ray systems provide far better affordability to dental clinics and hospitals as compared to cone-beam computed tomography (CBCT) systems, which is why the sales prospects of the former are better.
Challenges To the Global Dental X-Ray Systems Industry: Reduction in Reimbursement
A notable reduction in the primary healthcare facilities for many diseases including oral health will affect the capacity and the resources adversely. Newly formed legislation will enforce reduced reimbursement regulations on the MPFS (Medicare Physician FEE Schedule) and HOPPS (Hospital Outpatient Prospective Payment System), which is expected to cause a drop in the growth of the dental X-ray systems market.
Technological Advancements to Lend Ample Growth Opportunities to the Global Dental X-Ray Systems Industry
Innovations and advancements brought about in the medical imaging vicinity especially, dental X-ray systems have intensified the growth prospects of the dental X-ray systems market. Owing to the progress made by the healthcare industry, there has been a consistent need for the precise diagnosis of diseases, which has been fulfilled by dental X-ray systems. Given the multifold applications of these systems, the Global Dental X-Ray Systems Industry is projected to grow exponentially.
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North America to Maintain a Strong Hold on the Global Dental X-Ray Systems Industry
The study on the dental X-ray systems market provides a detailed analysis based on several factors affecting the market growth. The key geographies assessed in this study include China, APEC, Europe, Latin America, North America, and the Middle East and Africa (MEA). Depending on the market size, North America leads the dental X-ray systems market, attributed to its advanced healthcare facilities and excellent spending capacity. As a subsequence, the regional dental X-ray systems market is expected to bear positive results for the global dental X-ray systems market.
Following the footsteps of North America, Europe is the second most dominating region influencing the growth of the dental X-ray systems market. In addition to this, Asia Pacific is equally estimated to contribute to the growing market size during 2018 – 2026.
Collaboration and Mergers to Trigger the Growth of the Global Dental X-Ray Systems Industry
The report on the dental X-ray systems market includes a comprehensive analysis of the companies devising innovative solutions in the market. The leading players incorporated in the report are FONA, J. MORITA CORP., Danaher Corporation, PLANMECA OY, Prexion Corporation, Carestream Dental, LLC, Owandy Radiology, Vatech Co. Ltd., The Yoshida Dental Mfg. Co. Ltd., Dentsply Sirona, LED Medical Diagnostics Inc., Cefla S.C., and Air Techniques, Inc., among others.
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Key Segments Of Dental X-Ray Systems Industry Survey
Global Dental X-Ray Systems Industry by Product:
- Cephalometric Projections Systems
- Portable Intraoral X-ray Systems
- Panoramic X-ray Systems
- Intraoral X-ray Systems Mounted on the Floor
Global Dental X-Ray Systems Industry by End User:
- Hospitals
- Ambulatory Surgical Centers
- Independent Dental Clinics
- Forensic Laboratories
Global Dental X-Ray Systems Industry by Region:
- North America Dental X-ray Systems Market
- Latin America Dental X-ray Systems Market
- Europe Dental X-ray Systems Market
- East Asia Dental X-ray Systems Market
- South Asia & Pacific Dental X-ray Systems Market
- Middle East & Africa (MEA) Dental X-ray Systems Market
Author
Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.) holds over 12 years of experience in the Healthcare, Medical Devices, and Pharmaceutical industries. His curious and analytical nature helped him shape his career as a researcher.
Identifying key challenges faced by clients and devising robust, hypothesis-based solutions to empower them with strategic decision-making capabilities come naturally to him. His primary expertise lies in areas such as Market Entry and Expansion Strategy, Feasibility Studies, Competitive Intelligence, and Strategic Transformation.
Holding a degree in Microbiology, Sabyasachi has authored numerous publications and has been cited in journals, including The Journal of mHealth, ITN Online, and Spinal Surgery News.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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