The global cone beam imaging market is expected to reach USD 801.2 Million by 2021 from USD 494.4 Million in 2016, at a CAGR of 10.1% during the forecast period (2016-2021). Factors such as increasing prevalence of dental disorders, growth in geriatric population, growing demand for cosmetic dentistry, and expanding applications of CBCT systems are expected to fuel growth in the market in the coming few years. In addition to this, companies in the market are focusing on collaborating with academic and research institutes to strengthen their brand image as well as to generate future demand for their products. However, the high cost of the CBCT systems is likely to create negative impact on the growth of this market.

On the basis of application, the market is segmented into dental and other applications. In 2016, the dental applications segment is expected to account for the largest share of the global market as well as register the highest CAGR during the forecast period. Factors such as low radiation exposure as compared to conventional analog X-rays, increase in the prevalence of dental diseases/conditions, growth in geriatric population, rise in cosmetic dentistry, growing medical tourism for dental services, and introduction of technologically advanced products are contributing to the growth of this segment.

Based on patient position, the cone beam imaging market is segmented into standing/seated, seated, and supine position. The seated position segment is expected to grow at the highest CAGR from 2016 to 2021. The growth in this segment is driven by the growing preference of CBCT systems for seated position among physicians owing to advantages such as patient comfort and reduced patient movement at the time of scanning.

Based on end users, the market is segmented into hospitals, private practices, and academic & research institutes. The private practices segment is expected to register the highest CAGR during the forecast period. Growing patient preference for treatment in private clinics over hospitals, owing to advantages such as freedom of choosing preferred physicians, quick consultation with doctors, minimum or no hospital stays, and personalized treatment, are driving the growth of the private practices segment in the forecast period.

Geographically, North America is estimated to account for the largest share of the global cone beam imaging market in 2016, followed by Europe. Factors such as rising incidence of dental disorders, increasing expenditure on dental services, high prevalence of ENT disorders, growing number of orthopedic disorders & sports injuries, rising awareness of CBCT systems through conferences and symposia, and presence of a large number of prominent players in this region are driving the growth of the North American CBCT systems market in the forecast period.

The cone beam imaging market is a highly competitive one due to the presence of various well established as well as emerging players in the market. Some of the key players in the market are Danaher Corporation (U.S.), Carestream Health, Inc. (a subsidiary of Onex Corporation) (Canada), Planmeca Group (Finland), Vatech Co., Ltd. (South Korea), Dentsply Sirona (U.S.), Cefla S.C. (Italy), J. Morita MFG. Corp (Japan), Asahi Roentgen IND.CO., LTD. (Japan), PreXion Corporation (Japan), and CurveBeam LLC (U.S.).

To speak to our analyst for a discussion on the above findings, click Speak to Analyst