Dental Radiology Equipment - Global Pipeline Analysis, Competitive Landscape

Aug. 11, 2011 - PRLog -- The global dental radiology equipment market was estimated at $2.1 billion in 2010 and is forecast to grow at a Compound Annual Growth Rate (CAGR) of 5% to reach $3 billion by 2017. The dental radiology
market has become popular as more advanced three dimensional (3D) and digital devices are entering
the market.

The dental radiology equipment market is expected to be driven by technical innovations in dental imaging devices, such as 3D and two dimensional (2D) digital devices. The shift from conventional film based devices to digital devices has provided dentists with more accurate, clear and precise images. As
people across the globe become more aware of oral health and hygiene, people will be more willing to spend money on routine check-ups, which will increase the demand for dental radiology equipment.

The dental radiology equipment market is driven by the digitalization of dental imaging equipment; a shift from conventional film based X-ray systems to digital X-ray systems. Therefore, the overall treatment time has been reduced by since digital devices, enabling dentists to take the patient’s dental image and use it for diagnosis instantly. Dentists can share the reports over the internet with the patients or with other dentists for consulting. The digital devices are easy to operate and capture 3D images of the dental structures and bones in the head and neck regions. The method also eliminates processing with chemicals and makes dental imaging safer and more efficient.

The US is the biggest market for dental radiology equipment, accounting for 39% of the global market in
2010. The US dental radiology market, valued at $838m in 2010, is forecast to grow by 4% annually during 2010-2017 to reach $1,092.7m by 2017. The growing preference for digital radiology devices and a relaxation in the premarket notification requirements for some radiology by the US FDA (Food and Drug Administration) are expected to boost the dental radiology market in the future. Japan accounts for 17% of the total global dental radiology market. The remaining 44% of the market share is accounted for by other countries, such as the UK, France, India, China, Australia and Brazil.

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In 2010, Danaher Corporation was the leader in the global dental radiology equipment market with a 24% share, followed by Planmeca Oy, Sirona Dental Systems, Inc. and Carestream Health/Kodak Health
Group. The l market is highly fragmented with numerous local and international players. Companies from emerging economies are competing with multinational players in their respective local markets, which are leading to downward pressure on device prices.

GlobalData’s new report, “Dental Radiology Equipment - Global Pipeline Analysis, Competitive Landscape and Market Forecasts to 2017” provides key data, information and analysis on the global dental radiology equipment market. The report provides information on the market landscape, competitive landscape and market trends of the dental radiology equipment market. The report provides comprehensive information on the key trends affecting the market, and key analytical content on the market dynamics. The report also reviews the competitive landscape and technology offerings

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