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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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.
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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