Transparency Market Research Report Added "Cone Beam Computed Tomography (CBCT) Market" to its database.
Albany, NY -- (SBWIRE) -- 02/10/2017 -- According to a new market report published by Transparency Market Research "Cone Beam Computed Tomography (CBCT) Market (Application – Dental Implants, Orthodontics, Oral Surgery, Endodontics, and General Surgery): Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2015–2023", the global CBCT market was valued at US$ 407.5 Mn in 2014 and is anticipated to expand at a CAGR of 10.0% from 2015 to 2023 to reach US$ 960.8 Mn by 2023.
Information related to diagnosis is vital for valid decision of a treatment plan in dentistry. Precise images lead to a better treatment plan and improved results. CBCT is an evolving technology suitable for dental images and maxillofacial structures. It can provide the most relevant clinical data compared to conventional imaging methods such as radiographs. The introduction of CBCT technology in dentistry has changed the diagnostic landscape rapidly allowing dental professionals to diagnose in three dimensions. CBCT systems are now preferred to conventional systems for advantages such as lower radiation dose to patients, smaller acquisition times for the resolution required in dentistry, and affordable cost option to medical CT, and improved resolution with more details.
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Disorders prevalent among adult patients such as periodontal diseases, tooth loss, endodontically restored teeth, restored teeth and trauma sequelae, and coexisting with malocclusion are driving demand for various dentistry applications. Demand for orthodontic treatment in adults has increased significantly over the past few years with the need for detailed diagnosis. In orthodontics, CBCT helps in visualization of impacted teeth, identification of root resorption, ankylosis and dentoalveolar fracture, evaluation of height and bone volume, examination of temporomandibular joint and upper airway, accurate determination of bone-tooth inconsistencies in non-erupted teeth, and diagnosis of pathologies. Moreover, increasing accessibility of this technology helps dentists by providing three-dimensional representation of the maxillofacial skeleton with nominal distortion.
Based on application, the global cone beam computed tomography (CBCT) market has been segmented dental implants, orthodontics, oral surgery, endodontics, and general dental surgery. Geographically, the market has been analyzed for five regions: North America, Europe, Asia Pacific, Latin America, and Rest of the World. The CBCT market is driven by increasing demand for applications in dentistry across the globe. North America held the largest share of the CBCT market in 2014, followed by Europe. The largest market share of North America is attributed to increasing geriatric population and growing demand for advanced technology products for dental imaging in the U.S. According to statistics provided by the American Association of Oral and Maxillofacial Surgeons (2014), about 100,000 to 300,000 dental implants are placed each year. However, due to the industry's failure to offer lower cost, conservative dentistry took a downturn during the recession.
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Europe is a lucrative market for CBCT. Germany continues to lead the market in innovative invisible braces and demand for these orthodontic systems. Asia-Pacific was identified as the third largest market for CBCT in 2014. Demand has increased significantly in Asia due to rise in health care expenditures as well as disposable incomes of the population. Moreover, the market is driven by increase in population with oral diseases and disorders opting for advanced dental imaging techniques such as CBCT. The region is expected to register the fastest CAGR during the forecast period. Increasing awareness, disposable income, and government initiatives are driving the CBCT market in this region.
In Latin America, Mexico and Argentina are believed to be revenue pockets for the CBCT market. The market in Mexico and Argentina is expected to grow at a considerable rate. Population growth, increasing health spending, chronic disease incidence, and new technology acquisition, particularly diagnostic equipment in the public sector, are factors contributing to the growth of the market in Mexico.
Major players in this market are Cefla Group (Italy), Carestream Health (U.S.), Danaher Corporation (U.S.), QR s.r.l. (Newtom) (Italy), Planmeca OY (Finland), Prexion Inc. (U.S.), VATECH Global Co. Ltd. (South Korea), and Sirona Dental Systems (Germany).
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