The global cone beam computed tomography (CBCT) market is dominated by players such as Danaher, Sirona, Planmeca, and Vatech, who collectively accounted for more than 85% of the market in 2015. Danaher is among the industry leaders and dominates the global cone beam computed tomography market thanks to the promising performance of their I-Cat and Gendex series; I-Cat remains one of the most popular cone beam computed tomography products in the global market at present. Sirona’s Galileos brand is another key entity in the global cone beam computed tomography market.
According to Transparency Market Research (TMR), the global cone beam computed tomography market is expected to rise to a valuation of US$960.8 mn by the end of 2023.
Steady Technological Advancements in Medical Devices to Enable Steady Growth of CBCT Market
One of the prime drivers for the global cone beam computing tomography is the steady technological advancement observed in the sector of medical devices in the last few decades. Due to the direct impact of technological sophistication on the number of lives saved, the global cone beam computed tomography market has enjoyed steady investment in the last few years and is likely to exhibit steady growth in the coming years as a result.
The rising geriatric population in developed economies is another main driver for the global cone beam computed tomography market. Sophisticated imaging tools such as cone beam computed tomography are used for diagnostic tests and routine checkups. The increased need of the geriatric demographic for medical testing is likely to remain a key driver for the global cone beam computed tomography market, particularly in developed economies.
The rising use of cone beam computed tomography in dental diagnostics is a key factor aiding its adoption, as the geriatric demographic tends to suffer from various dental issues. Accordingly, oral surgery is the leading application segment of the global cone beam computed tomography market and is likely to retain steady dominance in the market in the coming years.
On the other hand, the high excise taxes on cone beam computing tomography devices are the key restraint on the global market. Due to the high cost of the highly advanced cone beam CT technology, many medical institutions are reluctant to adopt it on a wide scale.
Asia Pacific to Emerge as Strong Regional Contender in Global Cone Beam CT Market
Geographically, the global cone beam computed tomography market is segmented into North America, Asia Pacific, Europe, Latin America, and Rest of the World. Of these, North America has conventionally been the leading regional market for cone beam computed tomography thanks to the presence of several leading companies in the healthcare sector. The region is expected to account for more than a third of the global cone beam computed tomography market in the coming years.
However, emerging regions such as Asia Pacific and Latin America are likely to play a key role in the development of the global cone beam computed tomography market in the near future. Dynamic economies such as India, China, Mexico, and Brazil have dedicated significant funds to the improvement of the respective national healthcare sector and are likely to emerge as powerhouses in medical research and development. The rising disposable income of patients in these regions is a key driver for the cone beam computed tomography market.
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.”
The global CBCT market has been segmented as follows:
Global CBCT Market, by Application
Global CBCT Market, by Geography
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