Cone Beam Computed Tomography Market Overview
Cone Beam Computed Tomography Market size is $738.5M in 2019, growing at a CAGR of 8.7% during the forecast period 2020-2025. Cone Beam Computed Tomography (CBCT) is a 3D medical imaging technique which is composed of an X-ray, which can be used for complex dental treatments. It is used by dental professionals to rotate around the patient, capturing data using a cone-shaped X-ray beam. Cone beam computed tomography (CBCT) is used in dentistry and maxillofacial surgery owing to the benefits that it offers over traditional techniques. It is one of the most exciting developments in dental and maxillofacial radiology and, owing to its versatility, with an increasingly popular form of imaging available in dental practice. Cone beam CT technology has been used in various ways from differential diagnosis of abrasions in order to understand the location of teeth or roots to critical anatomical characteristics, and to evaluate endodontic pathology, and this has helped improved patient care.
The rising prevalence of dental disorders and the tremendously rising geriatric population are the main factors are set to be the major driving factor for the market’s growth.
The rising demand for sophisticated and advanced imaging techniques is estimated to accelerate the development is adding towards the market’s growth.
Asia-Pacific region is estimated to record the fastest growth rate during the forecast period 2020-2025.
Cone Beam Computed Tomography Market Segment Analysis – By Application
In 2019, Dental Implants segment dominated the Cone Beam Computed Tomography Market in terms of revenue is estimated to grow at a CAGR of 9.6% owing towards to the increasing cases of dental disorders, advancements in technology. Dental implants are titanium cylinders (screws) that are surgically placed into the jawbone where there are missing teeth below the gums by allowing dentist to mount replacement teeth onto them. Dental implants are the only tooth replacement option that also replaces that jaw bone stimulation, helping to prevent bone loss abetting towards the growth of the market.
Cone Beam Computed Tomography Market Segment Analysis – By Geography
In 2019, the North America region dominated Cone Beam Computed Tomography Market in terms of revenue with a market share of more that 41% owing towards rise in cosmetic dentistry coupled with growing medical tourism for dental services. The availability of new technology along with a huge patient population base is the main factor behind the dominance of the north America region. Also, the increasing adoption of these CBCT systems, advanced technology, developed healthcare facilities coupled with high disposable income, and well-established healthcare facilities aids to the market’s growth. Government has taken initiatives to promote technological advancements in this region and are key factors in the growth of the Cone Beam Computed Tomography market. Asia-Pacific is projected to record the fastest growth rate during the forecast period 2020-2025.
Cone Beam Computed Tomography Market Drivers
Rising Technological Advancements
The increasing technological advancements over conventional CT for dental treatment and planning, such as lower radiation dose to patients, lesser acquisition times for the resolution needed in dentistry, a reasonable substitute to CT in terms of cost, and improved resolution. The growing demand for digital dental imaging and advanced healthcare solutions is positively impacting the business growth of the market. The companies are also involving in strategic partnerships such as, technological innovation and mergers, to develop and commercialize their products.
Cone Beam Computed Tomography Market Segment Analysis Challenges
High Cost Related Associated With Treatment
High treatment cost, rising cost of equipment and technology and unfavorable reimbursement policies for Cone Beam Computed Tomography are a factor hindering growth of the Cone Beam Computed Tomography market. Also, the lack of image clarity and related concerns are restraining the market growth.
Cone Beam Computed Tomography Industry Outlook
Product Launches was the key strategy of the players in the Cone Beam Computed Tomography Industry. Cone Beam Computed Tomography top 10 companies include Cefla Group, Carestream Health, Danaher Corporation. QR s.r.l., Planmeca OY, Prexion Inc., VATECH Global Co. Ltd., Sirona Dental Systems, Soredex and Kavo.
In April 2016, Cefla Group acquired Jet-Set S.r.l., a dynamic industrial company based in Bergamo, specializing in the design and manufacture of digital industrial printing systems, both single-pass and multi-pass. This acquisition helped in improving treatment of patients and the process of care for dental care providers.
In August 2020, Carestream Health launched CARESTREAM DRX-L Detector which is intended to increase productivity in hospitals and imaging centers. Also, it captures the entire long-length image dimensions.