Cone Beam Computed Tomography Market valuation of this market will be worth US$960.8 mn by 2023

Efficiency of CBCT Technologies Increases their Adoption

The rising geriatric population and their slew of medical needs will be the undercurrent defining the trajectory of the global cone beam computed tomography market. The unmet dental needs of the gaining population across the globe will play a crucial part in steering this market to its warranted revenues. The ability to offer three-dimensional visuals of teeth, roots, and other important parts of a jawline will prove to exceptionally useful in managing several dental conditions and diseases amongst the elderly population spread in the world. According to the research report published by Transparency Market Research (TMR), the opportunity in the global CBCT market was worth US$407.5 mn in 2014. However, analysts predict that the valuation of this market will be worth US$960.8 mn by 2023 as it expands at a steady CAGR of 10.0% between 2015 and 2023.

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In recent years, the demand for CBCT technology has skyrocketed due to increasing affordability of advanced computers equipped with CBCT units. Several dentists and imaging specialists are not only using but also advising the use of CBCT technologies to determine the problem with absolute clarity. Thus, the effectiveness and the efficiency brought in by CBCT technologies in medical interventions is driving the overall market in top gear.

Excise Norms Could Dissuade Market Growth in Key Regions

Despite the promising market drivers, the applications of CBCT technologies in dental implants, orthodontics, endodontics, oral surgeries, and general dental surgeries is being overshadowed by stringent excise norms. This restraint is predominant in the U.S. market where the excise duty on import makes dental treatment and usage of CBCT technology largely unaffordable. This constraint is further aggravated by low adoption rate of digitalized technologies by old school medical practitioners who are still resorting to old-fashioned diagnostics.

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Currently, the oral surgery segment is making the maximum usage of CBCT technologies. As of 2015, the oral surgery segment accounted for a share of 26.4% in the overall market. This segment is estimated to rise at a phenomenal pace in the forecast period as CBCT scanners have brought a remarkable advancement in maxillofacial and oral imaging.

Asia Pacific CBCT Market to Grow Phenomenally

Research suggests that Asia Pacific has been progressing at an unprecedented pace due to an ever-increasing pool of geriatrics and thus a high prevalence of dental issues. However, North America was reported to the largest geographical segment in the overall market due to its well-established infrastructure for healthcare, high adoption of dental imaging technologies, and a developed market.

The important players operating in the global CBCT market are Sirona Dental Systems, Cefla Group, Carestream Health, QR s.r.l., VATECH Global Co. Ltd., Danaher Corporation, Planmeca OY, and Prexion, Inc. The majority of the players will focus on increasing their product portfolio and expanding their reach to the consumers to grab bigger market shares in the foreseeable future. Furthermore, analysts also predict strategic business partnerships and expanding product portfolio will be integral to the growth of these individual players in the near future.

Cone Beam Computed Tomography Market valuation of this market will be worth US$960.8 mn by 2023

Efficiency of CBCT Technologies Increases their Adoption

The rising geriatric population and their slew of medical needs will be the undercurrent defining the trajectory of the global cone beam computed tomography market. The unmet dental needs of the gaining population across the globe will play a crucial part in steering this market to its warranted revenues. The ability to offer three-dimensional visuals of teeth, roots, and other important parts of a jawline will prove to exceptionally useful in managing several dental conditions and diseases amongst the elderly population spread in the world. According to the research report published by Transparency Market Research (TMR), the opportunity in the global CBCT market was worth US$407.5 mn in 2014. However, analysts predict that the valuation of this market will be worth US$960.8 mn by 2023 as it expands at a steady CAGR of 10.0% between 2015 and 2023.

Read Full Report: http://www.transparencymarketresearch.com/cone-beam-computed-tomography-market.html

In recent years, the demand for CBCT technology has skyrocketed due to increasing affordability of advanced computers equipped with CBCT units. Several dentists and imaging specialists are not only using but also advising the use of CBCT technologies to determine the problem with absolute clarity. Thus, the effectiveness and the efficiency brought in by CBCT technologies in medical interventions is driving the overall market in top gear.

Excise Norms Could Dissuade Market Growth in Key Regions

Despite the promising market drivers, the applications of CBCT technologies in dental implants, orthodontics, endodontics, oral surgeries, and general dental surgeries is being overshadowed by stringent excise norms. This restraint is predominant in the U.S. market where the excise duty on import makes dental treatment and usage of CBCT technology largely unaffordable. This constraint is further aggravated by low adoption rate of digitalized technologies by old school medical practitioners who are still resorting to old-fashioned diagnostics.

Download exclusive Sample of this Report: http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=10508

Currently, the oral surgery segment is making the maximum usage of CBCT technologies. As of 2015, the oral surgery segment accounted for a share of 26.4% in the overall market. This segment is estimated to rise at a phenomenal pace in the forecast period as CBCT scanners have brought a remarkable advancement in maxillofacial and oral imaging.

Asia Pacific CBCT Market to Grow Phenomenally

Research suggests that Asia Pacific has been progressing at an unprecedented pace due to an ever-increasing pool of geriatrics and thus a high prevalence of dental issues. However, North America was reported to the largest geographical segment in the overall market due to its well-established infrastructure for healthcare, high adoption of dental imaging technologies, and a developed market.

The important players operating in the global CBCT market are Sirona Dental Systems, Cefla Group, Carestream Health, QR s.r.l., VATECH Global Co. Ltd., Danaher Corporation, Planmeca OY, and Prexion, Inc. The majority of the players will focus on increasing their product portfolio and expanding their reach to the consumers to grab bigger market shares in the foreseeable future. Furthermore, analysts also predict strategic business partnerships and expanding product portfolio will be integral to the growth of these individual players in the near future.

Cone Beam Computed Tomography Market: Worldwide Market Shares, Strategies, and Forecasts 2015 to 2023

The trend in the global cone beam computed tomography (CBCT) indicates that players must invest in developing countries to cater to consumers’ unmet medical demands and attain bigger revenue shares, says Transparency Market Research in a new report. Danaher, Planmeca, and Sirona jointly held a massive share of 70% in the global market in 2015.

Analysts have identified Asia Pacific as the most promising region for growth in the coming few years. Furthermore, leading players are also focusing on strategic mergers and acquisitions to expand their product portfolio and their access to the customers.

Rising Pool of Geriatrics to Determine Market Growth

Statistics published by the United Nations Population Division in 2013 suggested that the aging population is anticipated to reach 2 billion by the end of 2050 from 841 million in 2013. This whopping rise is likely to be the basic premise ushering in a new wave of growth for the CBCT technologies across the globe. The dental complications of the aged people are going to increase the demand for sophisticated imaging techniques in dentistry, thereby propelling the revenues earned by these technologies in the coming few years. This growth will also be complemented by factors such as the need for effectiveness in medical interventions and result-oriented research and development activities.

Heavy Excise Duties Hamper Market

The tough excise duty imposed on the sale of medical devices across the U.S. is an unfair constraint for the CBCT market. The high cost of utilizing this technology is also holding back several institutes and healthcare centers to use CBCT technologies. TMR analyst says, “The adamancy to stick with conventional methods instead of adopting new-age technologies is also hampering the growth of the CBCT technologies across the world.”

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Developing Nations Open Up Growth Options

Analysts predict that strengthening economies of Mexico, Brazil, China, and India will offer a score of opportunities to the overall CBCT market to grow in the near future. Furthermore, the increasing healthcare expenditure of these countries is also going to play a major role in the surge of this market. The improving disposable incomes of Asia Pacific are also going to contribute generously to the CBCT market in the coming years.

The report published by Transparency Market Research states that the opportunity in the global CBCT market will be worth US$ 960.8 mn by the end of 2023. As of 2014, the market was valued at US$407.5 mn. However, the market will expand at a CAGR of 10.0% between 2015 and 2023. The report also suggests that oral surgery will be fastest-growing application segment promoting the use of CBCT technology. As of 2015, this application segment held a share of 26.4% in the overall market. Regionally, North America held a share of 41.4% in the total of CBCT market in 2015. The soaring demand for dental procedures is expected to keep this region as the leading geographical segment in the coming years.

The review of the global CBCT market is based on the findings of TMR research report, titled “Cone Beam Computed Tomography (CBCT) Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2015 – 2023.”