Cone-Beam Computed Tomography (CBCT) Systems Market to Cross $1,041 Million by 2023
According to a new report entitled "Application, Patient Location, Detector Type, Field of View and CBCT System Market by End User: Global Opportunity Analysis and Industry Forecast 2017-2023" published by Allied Market Research, Global CBCT System Market Size in 2016 Is expected to grow at an average annual rate of 9.9% from 2017 to 2023, at $635 billion by 2023 and $10 billion by 2023. Dental applications accounted for over 5/5 of the market share in 2016.
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The cone beam computed tomography (CBCT) system is a special type of X-ray equipment. The system is used by healthcare professionals to reconstruct 3D images of various areas of the patient's anatomy, such as the dental, oral and maxillofacial areas, and the ears, nose and throat.
The growth of the elderly population, the widespread application of the CBCT system in dental care, and the surge in the number of patients suffering from dental diseases are expected to drive market growth. In addition, expanding the application of CBCT systems in other medical fields such as breast imaging further accelerates market growth. However, image related issues such as high cost of devices and lack of clarity are expected to hinder market growth.
Dental applications are expected to dominate the market throughout the analysis period due to increased incidence of dental disorders such as tooth loss, periodontal disorders and TMJ disorders. On the other hand, other application sectors are expected to increase to a peak CAGR of 11.8% over the forecast period.
Key results of the CBCT system market:
• The breast imaging segment is expected to grow at a CAGR of 12.2% over the forecast period.
• Hospitals and clinics accounted for more than 3/5 of the global CBCT system market in 2015.
• The flatbed image detector is expected to record a peak CAGR of 10.0% during the analysis period.
• France and Germany jointly contributed to more than a third of the European CBCT system market in 2016.
• Japan is a major shareholder of the Asia Pacific CBCT system market in 2015.
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The Asia-Pacific region is expected to grow to a CAGR of 10.1%, up to 10.1% during the forecast period due to improvements in healthcare infrastructure and unmet medical demand in emerging markets (such as India and China). Advances in technology to develop cost-effective devices in these countries offer favorable opportunities for market growth.
The major companies featured in the report include Carestream Health, Danaher, Planmeca OY, Dentsply Sirona, Vatech Co., Ltd., Cefla s.c., ASAHIROENTGEN IND.CO., LTD., J. Morita, Curve Beam and Prexion.