According to a new report published by Allied Market Research, the global CBCT systems market generated at $536 million in 2016 and is expected to reach $1,041 million by 2023, registering a CAGR of 9.9% from 2019 to 2026. The report states that the dental application segment contributed to more than four-fifths of the total market share in 2017.
The expansion of CBCT applications in various medical areas, such as breast imaging, is one of the key drivers of the growth of the CBCT system market. A recently FDA-approved CBCT system for breast imaging can help diagnose breast cancer in early-stage women.
Cone beam computed tomography (CBCT) system is specialized x-ray equipment used for reconstruction of a 3D image of different parts of patients anatomy including oral, dental, and maxillofacial region. The surge in the aging population, scope of applications of CBCT systems in dental practices, and increase in the number of patients undergoing dental diseases facilitate the market growth. Moreover, the rise in applications of CBCT systems in different medical fields including breast imaging supplement the growth. However, the expensive nature of devices and concerns related to images such as lack of clarity would restrain the market growth.
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The dental application segment is estimated to dominate the market during the forecast period, owing to a surge in dental disorders including tooth loss, TMJ disorders, and periodontal disorders. However, another application segment is estimated to register the highest CAGR of 11.8% during the forecast period.
Key findings of the report:
- The breast imaging segment is expected to register a CAGR of 12.2% during the forecast period.
- The hospitals & clinics segment contributed to more than three-fifths share of the total market in 2015.
- The flat-panel image detector would grow at the highest growth rate, with a CAGR of 10.0% during the forecast period.
- France and Germany together constituted for more than one-third of the CBCT systems market in Europe in 2016.
- Japan is the major stakeholder, contributing to more than one-third of the Asia-Pacific market in 2015.
Asia-Pacific is expected to register the highest growth rate, with a CAGR of 10.1% during the forecast period, owing to enhanced healthcare infrastructures and surge in expenditures in emerging countries such as India and China to meet the medical needs. Moreover, technological advancements for the development of cost-effective devices offer new opportunities for market growth.
The major companies analyzed in the research include Carestream Health, Planmeca Oy, Danaher, Vatech Co., Ltd., Dentsply Sirona, ASAHI ROENTGEN IND.CO., LTD., Cefla s.c., Curve Beam, J. Morita, and Prexion. They have implemented different strategies including partnerships, joint ventures, collaborations, expansions, mergers & acquisitions, and others to gain a stronghold in the industry and make an international mark.
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Allied Market Research, a market research and advisory company of Allied Analytics LLP, provides business insights and market research reports to large as well as small & medium enterprises. The company assists its clients to strategize business policies and achieve sustainable growth in their respective market domain.
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