PUBLISHER: Fairfield Market Research | PRODUCT CODE: 1420344
PUBLISHER: Fairfield Market Research | PRODUCT CODE: 1420344
The global dental X-ray systems market is witnessing significant growth, primarily driven by advancements in medical imaging technologies and an increasing demand for dental X-ray systems. A recent report has classified this market by product type, end-user, and regions, providing valuable insights into the industry's trends and projections.
In terms of revenue, the global dental X-ray systems market is projected to expand over the forecast period from 2024 to 2031. It is expected to reach a value of US$ 3 billion by the end of 2031. The introduction of technologically advanced and innovative medical imaging devices is poised to fuel the market's growth in the coming years.
The market encompasses various types of dental X-ray systems, including intraoral and extraoral systems. Intraoral X-ray systems involve placing X-ray film inside the buccal cavity, allowing dentists to observe teeth roots, check the condition of the surrounding bony region, monitor developing teeth, and detect cavities. Extraoral X-ray systems, on the other hand, are used with the film outside the buccal cavity and are mainly employed to examine the bones of the face.
The growing incidence of oral cancer, coupled with an increasing number of dental procedures, is a significant factor driving market growth. Additionally, the rising demand for technologically advanced dental X-ray systems for more effective treatment is expected to further propel the market's expansion. The adoption of dental X-ray systems in dental hospitals and clinics, along with increasing dental disorders, is also contributing to the global market's growth.
Government initiatives in low-middle income countries to provide affordable dental treatment are expected to be a key driver. However, reduced reimbursement rates and limitations in primary healthcare facilities may hinder the market's growth. Legislation reducing reimbursement for imaging studies performed on older technology is a notable concern.
Geographically, North America is the dominant regional market for dental X-ray systems, with a CAGR of 5.7% expected over the forecast period. Europe follows as the second most dominating region in the market. Asia-Pacific is anticipated to contribute significantly to the global dental X-ray systems market's revenue share in the coming years. In contrast, Latin America and the Middle East & Africa region are expected to witness slower growth.
Leading players in the global dental X-ray systems market include: Danaher Corporation, Dentsply Sirona, J. MORITA CORP., FONA, Carestream Dental, LLC., Prexion Corporation, PLANMECA OY, Owandy Radiology, and others. These major players are exploring opportunities for geographical expansion to increase their market share. Additionally, they are adopting strategies such as mergers, collaborations, acquisitions, and agreements to enhance their market presence. Significant focus is also placed on research and development activities to develop technologically advanced dental X-ray systems.