Dental Imaging Market Set to Reach $2.1B
PUNE, India, Aug. 26, 2016 — According to a report by Future Market Insights, the global dental imaging equipment is set to reach $2.1 billion in 2016, with North America dominating global revenue.
Valued at $2.08 billion in 2015, a growth rate of 5.1 percent in expected, due to the high prevalence of dental ailments, such as gingivitis, tooth decay, and dry mouth in Europe, North America and Asia Pacific. An increase in cosmetic dental surgery is also cited as another factor, with increasing awareness of dental hygiene.
By product-type, the extraoral X-ray system will continue to dominate the market, however, the cone-beam computed tomography imaging product is likely to register rapid growth in terms of value and reach $395.7 million in 2016.
The global dental imaging equipment market is projected to expand at a moderate compound annual growth rate of 6.8 percent during the forecast period through 2024. By the end of the forecast period, the global market for dental imaging equipment is estimated to reach market value of $3.7 billion.
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