Demand for Oral Care is propelling the Global Dental Imaging Market at 8.38% of CAGR by 2027
According to a new market research report published by Inkwood Research, the Global Dental Imaging Market is expected to proliferate at a growth rate of 8.38% during the forecast period.
"Browse 31 market Data Tables and 44 Figures spread over 150 Pages, along with an in-depth TOC on Global Dental Imaging Market Forecast 2019-2027".
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Demand for Oral Care is Driving the Global Dental Imaging Market
There is an increasing requirement for oral care with the rising edentulous population, which is majorly influencing the market growth globally. According to CDC statistics, around every five adults, at least one individual aged 65 or above, is suffering from tooth decay. The prime factors for tooth decay or loss are age, dental caries, periodontal diseases and other dental conditions. Private organizations and associations and governments across the globe are undertaking various initiatives to boost awareness about oral health, as it is directly linked to chronic conditions, such as low birth weights in pregnancy, heart diseases and transmission of flu.
The WHO is building oral health policies to control oral health risks effectively. Some of its initiatives include the development of community-based projects to prevent oral and dental diseases. WHO is also providing technical support in many economies to integrate the habit of dental health among people. These efforts are projected to generate responsiveness among the population and fuel the market growth globally.
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Diagnostics Contributes the Largest Share in the Application Segment
Digital imaging systems are widely used to diagnose dental problems. The adoption of dental imaging in diagnostics has increased, owing to the advancement in the treatment of dental diseases, such as dental caries, tooth decay and periodontitis. Moreover, escalating dental and oral diseases is boosting the demand for dental imaging rapidly. The development in the diagnostic and surgical equipment has improved the quality of care offered to patients significantly. Besides, dental imaging and surgical devices can be customized according to specific needs and features. Thus, these benefits are propelling the market growth in the diagnostics sector.
Asia Pacific is Projected to Lead the Global Dental Imaging Market
The dental imaging market is expected to witness a surging trend in the Asia Pacific region during the forecast period. This growth is attributable to the escalating need to diagnosing dental conditions and the growing geriatric population. The multiple undertaking, such as reimbursement coverage by the government in the region for orthodontic procedures, is supplementing the market growth. For instance, South Korea initiated a National Healthcare Insurance coverage in 2016 for dental imaging, comprising coverage for people aged 65 years and above. On the other hand, Japan and China are likely to witness significant growth throughout the forecast period. Hence, companies operating in the region are focusing on innovating advanced products, which is also boosted the regional market.
Some of the prominent companies operating in the market are Continental AG, I.D. Systems, Denso Corporation, Tech Mahindra Limited, Sierra Wireless, Inc. and others. The market is highly competitive, thus, the big players are adopting the acquisition strategy to stay competitive in the market. Also, the low-cost marketing strategy and budget-friendly products of the local and regional players are projected to further intensify the competition.
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